December,17,2018,Monday

​GOOD MORNING INDIA!

WEEKLY NEWS UPDATES IN OIL & GAS SECTOR

LATEST NEWS

No Relief As PM’s Meet Skips Oil Price Issue

No Relief As PM’s Meet Skips Oil Price Issue

Despite the prices of petrol and diesel hitting the roof, the government on Saturday appeared in no mood to take any step to soften their impact on the common man.

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MOST NOTABLE STORIES OF THE WEEK

No Respite From Fuel Prices As Petrol, Diesel Rates Scale New Highs

No Respite From Fuel Prices As Petrol, Diesel Rates Scale New Highs

Petrol and diesel prices today scaled new highs as rates were increased on account of rupee depreciation and rise in international oil rates. While petrol price was increased by 28 paise a litre,

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US Oil Major Exxon Mobil Eyes Stake In BPCL’s Bina Refinery

US Oil Major Exxon Mobil Eyes Stake In BPCL’s Bina Refinery

New York Stock Exchange-listed US oil giant Exxon Mobil Corp is interested in picking up a stake in Bharat Oman Refineries Ltd (BORL) which runs a refinery at Bina, Madhya Pradesh as global oil producers jostle for space in India’s expanding refinery market.

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US reviewing India's Chabahar port development, says US official

US reviewing India's Chabahar port development, says US official

The Trump administration, which is determined to impose fresh set of sanctions on Iran and countries and entities engaged in business with Tehran, is currently reviewing India's development of the strategically important Chabahar port

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India's Nayara Energy's Iran Oil Imports Rose Marginally In Aug From July - Trade Sources

India's Nayara Energy's Iran Oil Imports Rose Marginally In Aug From July - Trade Sources

Iran's key Indian client Nayara Energy, formerly known as Essar Oil, shipped in marginally higher volumes of oil from Iran in August at about 136,000 barrels per day (bpd) compared with the previous month

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Delhi High Court declines to interfere in issue of fuel prices, says it's an economic policy decision

Delhi High Court declines to interfere in issue of fuel prices, says it's an economic policy decision

Daily change in fuel prices was a "economic policy decision" of the central government and the courts must remain away from it, the Delhi High Court said Wednesday. A bench of Chief Justice Rajendra Menon and Justice VK Rao made it clear

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BPCL to skip Iran oil purchases in October: source

BPCL to skip Iran oil purchases in October: source

India`s state-run Bharat Petroleum Corp will skip purchase of Iranian oil in October due to turnaround at its plants, a source privy to the plan said on Tuesday. The refiner will, however

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Fuel Tax Cut Unlikely As Centre Projects Rs 30,000 Crore Revenue Hit

Fuel Tax Cut Unlikely As Centre Projects Rs 30,000 Crore Revenue Hit

As Andhra Pradesh joined Rajasthan in reducing VAT on petrol and diesel, the Centre on Monday seemed to be holding out against a cut in taxes amid rising pressure

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Oil Prices Climb As U.S. Energy Firms Cut Rigs, Iran Sanctions Loom

Oil Prices Climb As U.S. Energy Firms Cut Rigs, Iran Sanctions Loom

Oil prices rose on Monday as the number of U.S. rigs drilling for new production was cut last week and as the market is expected to tighten once U.S. sanctions against Iran’s crude exports kick in from November.

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