September,20,2018,Thursday

​GOOD MORNING INDIA!

WEEKLY NEWS UPDATES IN OIL & GAS SECTOR

LATEST NEWS

Iran To Remain Integral Part Of India’s Foreign Policy

Iran To Remain Integral Part Of India’s Foreign Policy

India can live without Iranian energy, but Iran will remain an important part of India’s foreign policy.

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MOST NOTABLE STORIES OF THE WEEK

Indian Oil Board Approves ₹4,221 Cr Ethylene Glycol Project

Indian Oil Board Approves ₹4,221 Cr Ethylene Glycol Project

The Board of Indian Oil Corporation at its meeting held on April 26 has accorded approval for implementation of the 357-KTA ethylene glycol project, along with associated facilities at Paradip based on off-gas of the fluid catalytic cracking unit.

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India Calls For A Regional Oil Buyers’ Group Against Asian Premium

India Calls For A Regional Oil Buyers’ Group Against Asian Premium

Oil producers’ cartel charges Asian nations a premium on every barrel of crude over the price for western buyers. India, the world’s third largest oil consumer, says its regional peers must come together to negotiate better terms.

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Raging oil price fire set to hit inflation; Centre in big fix, solution tough

Raging oil price fire set to hit inflation; Centre in big fix, solution tough

The government may not be able to continue passing on the rise in global crude prices to consumers for long without pushing up the consumer price index (CPI) inflation, say economists.

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Stanchart raises crude oil price forecasts for 2018, 2019

Stanchart raises crude oil price forecasts for 2018, 2019

Standard Chartered has raised its 2018 crude oil price forecasts by $10 saying that the market has began to acknowledge the importance of OPEC-led production cuts.

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Jio May Help Ril To Regain $100 Billion Tag

Jio May Help Ril To Regain $100 Billion Tag

Reliance Industries, the country’s second-most valuable company, is being seen as the next likely candidate from India for the $100-billion market-cap club after Tata Consultancy Services.

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Finmin Not For Cut In Excise Duty On Petrol, Diesel

Finmin Not For Cut In Excise Duty On Petrol, Diesel

The finance ministry is not in favour of cutting excise duty on petrol and diesel to provide relief to the common man from spike in their prices but wants states to cut sales tax or VAT on fuel, a senior official said today.

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