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Latest Articles in Oil and Gas

Oil Companies Defer Decision To Suspend Fuel Supplies To Air India

IOC, HPCL and BPCL had earlier this month threatened to snap aviation turbine fuel (ATF) supplies to Air India at six major airports over payment delays.

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India's September Fuel Demand Slips To Its Lowest In Over Two Years

Consumption of fuel, a proxy for oil demand, totalled 16.01 million tonnes - its lowest since July 2017 - down about 0.3 per cent compared with the same month last year.

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Exxon Mobil, ONGC Sign Expertise-Sharing Deal

The memorandum of understanding (MoU), signed late Monday, will be later signed as a definitive deal after Exxon studies the blocks of the company.

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ONGC Free To Sell Stake In HPCL, Says Pradhan

The board of ONGC has on at least one occasion debated on the logic of retaining the stake in HPCL when no synergies were flowing.

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Crude Oil Futures Ease On Low Demand

The oil for delivery in November, however, was up by Rs 1, or 0.03 per cent, to Rs 3,760 per barrel in 483 lots.

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Crude Oil Futures Up On Spot Demand

On the Multi Commodity Exchange, crude for delivery in October traded higher by Rs 29, 0.78 per cent, to Rs 3,764 per barrel in 14,529 lots.

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BPCL Shares Drop Over 3% As Govt Clears Way For Privatisation

The government is mulling selling most of its 53.3 per cent stake in BPCL to a strategic partner.

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Crude Oil Futures Fall 1.63% On Low Demand

Crude oil for delivery in October traded lower by Rs 62, or 1.63 per cent, to Rs 3,750 per barrel.

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Saudi Oil Prices For Asia Expected To Jump In November After Attack

Saudi Aramco officials as a matter of policy do not comment on the kingdom’s monthly OSPs.

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Oil Prices Recover After Output From US, Russia, OPEC Drop

Front-month prices for both contracts posted their largest quarterly falls this year on Monday, hurt by a slowdown in global economic growth amid the US-China trade war.

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Oil Prices Climb As Positive China Factory Data Eases Demand Concerns

Brent crude futures rose 9 cents to $62 a barrel by 0300 GMT while US West Texas Intermediate (WTI) crude futures rose 13 cents to $56.04 a barrel.

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Crude Oil Futures Fall On Low Demand

Crude oil contracts for October delivery traded lower by Rs 35, or 0.86 per cent, at Rs 4,048 per barrel.

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Oil Slips As Focus Shifts From Saudi Supply To Global Demand Concerns

Brent crude futures fell 35 cents to $64.42 a barrel by 0408 GMT, while U.S. West Texas Intermediate (WTI) futures were at $58.36, down 28 cents.

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Oil Prices Will Ease If Global Tensions Do Not Flare Up: Dharmendra Pradhan

The price of crude oil has already reduced by a few dollars per barrel, Pradhan said at an industry event in New Delhi.

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