October,20,2018,Saturday

​GOOD MORNING INDIA!

WEEKLY NEWS UPDATES IN OIL & GAS SECTOR

LATEST NEWS

US Sanctions On Iran: India Currently Staring At A Big Conundrum

US Sanctions On Iran: India Currently Staring At A Big Conundrum

US has been pursuing world economies to downgrade their trade relations with Iran and India is no exception to it.

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MOST NOTABLE STORIES OF THE WEEK

BPCL Mumbai unit to remain shut for at least 2 months after fire

BPCL Mumbai unit to remain shut for at least 2 months after fire

India’s Bharat Petroleum Corp Ltd will keep a secondary unit at its 120,000 barrels-per-day (bpd) Mumbai refinery offline for at least two months following a fire last week, two industry sources said on Friday.

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Petrol price unchanged at Rs 84.63 per litre, diesel prices increased by 8 paise to Rs 73.10 per litre

Petrol price unchanged at Rs 84.63 per litre, diesel prices increased by 8 paise to Rs 73.10 per litre

The petrol price has remained unchanged in Mumbai at Rs 84.63 per litre while the diesel price for the city was increased by 8 paise to Rs 73.10 per litre. The increase in the fuel price comes as an aftereffect of the falling rupee.

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India's 2016 Iran oil imports hit record high- trade

India's Oil Import Bill To Jump By $26 Billion On Rupee Woes

India's crude oil import bill is likely to jump by about $26 billion in 2018-19 as rupee dropping to a record low has made buying of oil from overseas costlier, government officials said on Thursday.

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Slowdowns in China and India eat away at Asian crude oil demand

Slowdowns in China and India eat away at Asian crude oil demand

Oil demand from Asia's biggest importers, China and India, is growing more slowly than expected, exposing weakness in two of the world's largest economies and eroding a key pillar of global petroleum prices amid trade tension

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India's fuel product sales rises 7.4% in July 2018

India's fuel product sales rises 7.4% in July 2018

India's fuel product consumption or sales increased 7.4% to 17.06 mt in July 2018 over a year ago. Naphtha sales jumped 60.7% to 1.14 mt, diesel 4.9% to 6.61 mt, petrol 7.8% to 2.31 mt, LPG 6.0% to 2.04 mt and bitumen 52.9% to 0.32 mt.

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IOC says will invest Rs 20,000 crore in city gas projects in 5-8 years

IOC says will invest Rs 20,000 crore in city gas projects in 5-8 years

Indian Oil Corp (IOC), the nation's largest oil company, plans to invest Rs 20,000 crore in city gas distribution projects in next 5-8 years as it bets big on gas business to complement its traditional oil refining and marketing business, its chairman Sanjiv Singh said today.

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