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May 26, 2012 at 18:07 | Source: Economic Times
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NEW DELHI – India's crude-oil imports in April declined 7.1% due to lower demand following shutdowns at some refineries. April imports totaled 14.62 million metric tons, or 3.57 million barrels a day, compared with 15.74 million tons in April ...
May 25, 2012 at 06:09 | Source: FOXBusiness
NEW DELHI, May 21 (Reuters) - India's state-run upstream oil firms will bear nearly 40 percent of the 1.38 trillion rupee ($25 billion) cost of retail fuel subsidies for the 2011/12 year, a government source said on Monday. Oil and Natural Gas ...
May 21, 2012 at 16:51 | Source: Reuters UK
Emerging-market stocks rebounded from a five-month low, as higher oil prices and India’s first fuel- price increase in seven months boosted energy shares, offsetting concern that economic growth in China and Europe is slowing. PT Bumi ...
May 24, 2012 at 07:08 | Source: Businessweek
The Pakistan government is considering a proposal to meet its needs for diesel and furnace oil from India as imports from the neighbouring country will cost 30 per cent less than those from Gulf countries, a media report said today. "We are in deficit and ...
May 26, 2012 at 08:46 | Source: Deccan Herald
New Delhi – GAIL (India) Ltd. and Oil India Ltd. are keen to buy stakes in a gas transportation company owned by Indian billionaire Mukesh Ambani, executives at the two state-run companies said. The plans to buy into unlisted Reliance Gas ...
May 14, 2012 at 11:30 | Source: Wall Street Journal
MUMBAI (Commodity Online): The shares of oil stocks in India would likely soar on Thursday while auto stocks would bear the brunt as oil marketing companies (OMC) effected the steepest ever hike of Rs 7.50 per litre for petrol with effect from midnight on ...
May 23, 2012 at 18:00 | Source: Commodity Online
Oil India Ltd. (OINL) is the second largest government exploration and production (E&P) company in India with presence across oil and gas value chain. We initiate coverage on OINL with a BUY rating and price target of Rs. 529/Share, an upside of ...
May 23, 2012 at 16:20 | Source: equitybulls.com
SINGAPORE May 23 (Reuters) - Indian refiner Mangalore Refinery and Petrochemicals Ltd sold a June loading fuel oil cargo at a lower price level, amid an amply-supplied market, traders said on Wednesday. MRPL sold 80,000 tonnes of 380-centistoke ...
May 23, 2012 at 10:01 | Source: Reuters
International oil prices have cooled by nearly $14 per barrel since their recent peak. This eases the pressure on India a bit In the last few years, the sustained increase in global oil prices has wreaked havoc on India’s public finances. A large part of ...
May 15, 2012 at 14:57 | Source: Livemint.com
India says it has decided to cut imports of Iranian crude oil by 11 percent, following pressure from the United States to isolate the Islamic Republic over its nuclear program. India's minister of state for petroleum, R.P.N. Singh, said Tuesday that Indian ...
May 15, 2012 at 17:56 | Source: Global Security