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Latest Articles in oil companies
Monsoons Witness Dip In Petrol, Diesel Sales As Rains Impact India’s Mobility
As per the data by Petroleum Planning and Analysis Cell (PPAC) for July 2023, India's diesel consumption slipped 13 per cent m-o-m to 6.9 million tonnes (MT) on a provisional basis, while petrol consumption fell 9 per cent to 2.9 MT
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Oil Marketing Companies Likely To Cut Petrol-diesel Prices: Report
The companies have almost recovered their losses and are nearing normalcy as evident by their positive quarterly results
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Parliamentary Panel Asks Government To Keep A Check On Benami Operations Of Petrol Pumps
A parliamentary panel has appealed to the Centre to oversee oil marketing firms, asking them to perform frequent surprise inspections to review "Benami operations” where petrol pumps are being operated in the name of SC/ST applicants by general people
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New Study Shows Increasing Cyber Attacks On India's Critical Infrastructure
The study was done as part of civil society group CyberPeace Foundation's eKawach program
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Refinery Margins To Offset Oil Companies' Losses On Holding Fuel Prices: Fitch
The correlation of retail fuel prices with the 15-day rolling average of crude oil prices (reference prices) has remained high at 93 per cent since the onset of the COVID-19 pandemic in January 2020
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Brent May Test USD 78-80 Levels, Support At USD 68 -70 Levels: Emkay Wealth Management
One major factor that dominated oil markets is the possibility of a nuclear deal between the US and Iran, and also better relations between the two countries, based on the reported talks between the two parties.
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French Energy Group Total Buys 20% Stake In Adani Green Energy
Total and Adani added they had agreed on the acquisition of a 50% stake in a 2.35 GWac portfolio of operating solar assets owned by AGEL and a 20% stake in AGEL for a global investment worth $2.5 billion.
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Saudi Aramco Says Domestic Supplies Unaffected By Attack On Jeddah Plant
Aramco's oil production and export facilities are mostly in Saudi Arabia's Eastern Province, more than 1,000 km (620) from Jeddah.
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Rosneft Swings To Net Loss, Hit By Pandemic And Weaker Rouble
The company's oil and gas condensate output for the July to September period was down 3.2% from the previous quarter at 3.91 million barrels per day.
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Oil Falls As Renewed Lockdowns Counter COVID-19 Vaccine Hopes
U.S. West Texas Intermediate (WTI) crude futures fell 55 cents, or almost 1.4%, to $39.74 a barrel by 0545 GMT, while Brent crude futures fell 44 cents, or 1%, to $41.96.
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Oil Falls As Near-Term Demand Worries Overshadow COVID-19 Vaccine Relief
OPEC+ agreed to cut supply by 7.7 million barrels per day from August through December and then ease the cut to 5.7 million bpd from January.
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Oil Falls 4% As US Vote Count Continues, Coronavirus Cases Rise
Brent crude settled down $1.48, or 3.62%, at $39.45 a barrel. U.S. West Texas Intermediate (WTI) <CLc1> dropped $1.65, or 4.25% to $37.14 a barrel.
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Oil Slumps As COVID-19 Infections Surge, US Vote-Count Drags On
West Texas Intermediate was down $1.06, or 2.7%, at $37.73 a barrel at 0538 GMT, after dropping 0.9% on Thursday. Brent crude was off $1.05, or 2.6%, at $39.88, having fallen 0.7% in the previous session.
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Oil Drops As US Election Uncertainty Dominates Markets
Brent crude fell 33 cents, or 0.8%, to $40.90 a barrel by 0927 GMT and U.S. West Texas Intermediate (WTI) crude was down 39 cents, or 1%, at $38.76. Both contracts had jumped around 4% on Wednesday.
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Oil Down 1% As US Dollar Firms On Bets Of Split White House, Senate
US West Texas Intermediate (WTI) crude futures fell 40 cents, or 1%, to $38.75 a barrel at 0141 GMT, while Brent crude futures dropped 41 cents, or 1%, to $40.82 a barrel.
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