Dec 05, 2016 at 18:31 | Source: Reuters
LONDON (Reuters) - Brent crude oil prices rose above USD55 a barrel on Monday, trading at a fresh 16-month high, on rising prospects of a tightening market after OPEC members agreed on a landmark deal to cut production last week.
Dec 05, 2016 at 18:20 | Source: PTI
India's oil demand will more thandouble to 10 million barrels per day by 2040, oil producers'cartel OPEC Secretary General Mohammad Sanusi Barkindo saidtoday as he saw the world's third largest energy consumerplaying an important role in oil market stability.
Dec 05, 2016 at 16:19 | Source: CNBC-TV18
Keen on the Indian growth story, Anil Agarwal, Chairman of Vedanta said that he wants to meet the country's growing demand and aims to produce 50 percent of India's oil needs.
Dec 05, 2016 at 16:05 | Source: CNBC-TV18
Gaurang Shah, Head Investment Strategist at Geojit BNP Paribas is positive on Gujarat State Petronet.
Dec 05, 2016 at 16:01 | Source: Reuters
Mohammed Sanusi Barkindo, addressing delegates at India's flagship energy event, Petrotech, said Asia will have a big role to play in global demand growth.
Dec 05, 2016 at 14:23 | Source: CNBC-TV18
B Ashok, Chairman of IOC, does not agree that oil production cuts will spike up prices. Prices will at best be range-bound around USD 50 per barrel, he says.
Dec 05, 2016 at 14:19 | Source: Moneycontrol.com
Axis direct is bullish on Gujarat State Petronet has recommended buy rating on the stock with a target price of Rs 175 in its research report dated December 01, 2016.
Dec 05, 2016 at 14:16 | Source: PTI
The company is also looking at scaling up its petrochemical production capacity to clock larger margins, MRPL Managing Director H Kumar told PTI here.
Dec 05, 2016 at 13:38 | Source: PTI
Cairn produced 2,06,230 barrels per day of oil equivalent in the second quarter ended September. Bulk of the production came from its Rajasthan block that gave 1,67,699 barrels of oil equivalent per day (boepd). The Ravva field in the Bay of Bengal produced 18,823 boepd and Cambay another 9,877 boepd.
Dec 05, 2016 at 13:28 | Source: PTI
Power Minister Piyush Goyal said the expansion of retail outlets network by oil marketing companies (OMCs) throughout the country is a continuous process to ensure adequate availability of motoring fuels like petrol and diesel in thye upcoming urban as well as rural areas.