December,14,2018,Friday

​GOOD MORNING INDIA!

WEEKLY NEWS UPDATES IN OIL & GAS SECTOR

LATEST NEWS

Petrol Prices Rise For 13th Straight Day; Almost Rs 78 In Delhi

Petrol Prices Rise For 13th Straight Day; Almost Rs 78 In Delhi

The price rose to Rs 77.97 in Delhi from Rs 77.83 a litre on Friday, data from the Indian Oil Corp website showed.

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MOST NOTABLE STORIES OF THE WEEK

Oil prices slump 3% as Opec and Russia consider output boost

Oil prices slump 3% as Opec and Russia consider output boost

Brent crude futures fell $2.35, or 3%, to settle at $76.44 a barrel as Saudi Arabia and Russia discuss easing production cuts
...

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Big Oil Consumers Start to Lock-in Prices as Brent Surges to $80

Big Oil Consumers Start to Lock-in Prices as Brent Surges to $80

The rise in oil prices to $80 a barrel is starting to cause concern across boardrooms, with some big industrial consumers, including airlines and shipping companies, starting to buy more insurance against rising energy prices.

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Oil prices slip after rally as market turns cautious

Oil Prices And US Interest Rates Control Rupee's Fate

Let’s get a couple of things straight. The fall in the rupee against the dollar over the past few weeks has gone from being a correction that shaved off some of the overvaluation that had built up to a fullfledged run on the currency.

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Indraprastha Gas fourth quarter net profit up 31 per cent to Rs 175 crore

Indraprastha Gas fourth quarter net profit up 31 per cent to Rs 175 crore

City gas supplier Indraprastha Gas Limited reported its standalone net profit for the fourth quarter ended March 2018 rose 31 per cent to Rs 175 crore on the back of increased Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) sales. Net profit in the corresponding quarter stood at Rs 134 crore.

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Petrol, Diesel Price Hike: Guide For Middle-class Indians On Fuel Prices

Petrol, Diesel Price Hike: Guide For Middle-class Indians On Fuel Prices

On the reasons behind the rise in prices of petrol and diesel, Hindustan Petroleum Corporation Limited's (HPCL) Chairman Mukesh K Surana said that in future the prices may see a rise until OPEC countries increase the supply of oil.

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Mexico's Vista Oil & Gas inks onshore joint venture with Jaguar

Mexico's Vista Oil & Gas inks onshore joint venture with Jaguar

Mexican energy investment firm Vista Oil & Gas will tie up with Jaguar Exploracion y Produccion on three onshore projects, the company said on Tuesday, acquiring 50 percent stakes with an initial payment of nearly $27.5 million.

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IOC fourth quarter net profit up 40 per cent at Rs 5,218 crore

IOC fourth quarter net profit up 40 per cent at Rs 5,218 crore

Indian Oil Corporation (IOC), the nation’s largest fuel retailer, today announced a 40 per cent jump in net profit for the quarter ended March 2018 at Rs 5,218 crore on a standalone basis as compared to Rs 3,720 crore reported for the same quarter previous fiscal.

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Fuel Prices Sky Rocket: Chambers Tell Government To Cut Excise Duties

Fuel Prices Sky Rocket: Chambers Tell Government To Cut Excise Duties

With transport fuel prices in Delhi and Mumbai touching an all-time high, industry chambers, Ficci and Assocham, on Monday called for the government to urgently reduce fuel excise duties.

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Petronet fourth quarter net profit up 11 per cent at Rs 522 crore

Petronet fourth quarter net profit up 11 per cent at Rs 522 crore

Petronet LNG Ltd (PLL), India's largest Liquefied Natural Gas (LNG) importer, posted an 11 per cent increase in net profit for the quarter ended March 2018 at Rs 522.69 crore on a standalone basis on the back of higher volumes processed and better efficiencies in operations, CEO and Managing Director Prabhat Singh said on Monday.

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