June,20,2018,Wednesday

​GOOD MORNING INDIA!

WEEKLY NEWS UPDATES IN OIL & GAS SECTOR

LATEST NEWS

Abu Dhabi Oil Giant ADNOC To Pick Up Stake In Ratnagiri Refinery Project

Abu Dhabi Oil Giant ADNOC To Pick Up Stake In Ratnagiri Refinery Project

After Saudi Aramco, Abu Dhabi National Oil Company (ADNOC) will pick up stake in the planned USD 44-billion refinery-cum-petrochemical project in Maharashtra.

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MOST NOTABLE STORIES OF THE WEEK

India building mega database of unique IDs of power plants

India building mega database of unique IDs of power plants

In a first-of-its-kind initiative in the energy sector, the government has started work on a plan to create a mammoth database of all the power generating units in the country, whether operational or being planned.

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Petrol, Diesel Prices: You Gain, But This Is How Much Fuel Price Freeze Is Costing OMCs

Petrol, Diesel Prices: You Gain, But This Is How Much Fuel Price Freeze Is Costing OMCs

State-owned oil marketing companies (OMCs) have taken a combined hit of over Rs 500 crore during April as price revisions for petrol and diesel have been put on hold ahead of elections, analysts estimate.

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Pricey crude bad news even for oil producers in long term: Fatih Birol, IEA

Pricey crude bad news even for oil producers in long term: Fatih Birol, IEA

Crude prices have been on a sharp upswing now. Brent is at $77. How do you analyse the factors that are at play and what would be the implications for economies like India?

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Saudi Arabia Ready To Start Pumping More Oil

Saudi Arabia Ready To Start Pumping More Oil

Saudi Arabia is ready to increase its oil production in response to the expected decline in Iranian crude oil for international markets following President Trump’s withdrawal from the Iran nuclear deal.

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PNGRB appoints CRISIL for framing gas trading hub regulations

PNGRB appoints CRISIL for framing gas trading hub regulations

Petroleum and Natural Gas Regulatory Board (PNGRB), India's downstream oil and gas regulator, has appointed ratings agency CRISIL as consultant to prepare regulations for the planned Natural Gas Trading Exchange.

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China's crude oil imports hit record in April, fuel exports jump on year

China's crude oil imports hit record in April, fuel exports jump on year

China's crude oil imports reached record highs in April on a daily basis, according to customs data, with independent refiners shipping in backlogs of cargoes from the previous month and making new purchases amid steady refining margins.

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Oil Faces A Month Of Mayhem As Geopolitical Risks Proliferate

Oil Faces A Month Of Mayhem As Geopolitical Risks Proliferate

Plunging Venezuelan crude production; sanctions disrupting Iranian oil exports; Saudi Arabia pushing for even higher prices; North Korea peace talks -- the coming weeks bring an abundance of risks for the oil market.

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Petrol Price Sees No Change For 13th Day In Row; Oil Minister Appeals GST Council, Here's Why

Petrol Price Sees No Change For 13th Day In Row; Oil Minister Appeals GST Council, Here's Why

Petrol price in India today: While international crude oil prices have peaked near $75 per barrel highest since November 2014, the state-owned Oil companies have kept petrol prices unchanged since April 24, and today was no different.

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