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Indian Prime Minister Mr Narendra Modi recently launched the construction of a USD 6.8 billion refinery in the western state of Rajasthan, hopeful to lift national capacity to meet the surge in fuel demand.

Posted By : Rabi Wangkhem 1 hour 49 minutes ago
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Reuters reported that gas utility GAIL (India) Ltd has renegotiated the terms of a long-term liquefied natural gas (LNG) purchase deal with Russia's Gazprom, the Indian company said, in third such negotiation by India...

Posted By : Rabi Wangkhem 1 hour 50 minutes ago
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ET reported that India will launch the first auction of exploration blocks in eight years, inviting bids for 55 blocks, the chief of country's upstream regulator has said.

Posted By : Rabi Wangkhem 1 hour 51 minutes ago
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Reuters reported that China's natural gas consumption will rise by 10 percent in 2018 to 258.7 billion cubic metres (bcm), China National Petroleum Corp (CNPC) forecast, boosted by a steady push to replace coal with the...

Posted By : Rabi Wangkhem 1 hour 54 minutes ago
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Indonesia capped natural gas trader profit margins at 7 pct in rules released this week by the Ministry of Energy and Mineral Resources that companies will have up to 18 months to adopt.

Posted By : Rabi Wangkhem 1 hour 55 minutes ago
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Reuters reported that Royal Dutch Shell has agreed to sell its stake in Iraq's West Qurna 1 oilfield to Japan's Itochu, a Shell spokesman said. "Itochu and Shell have reached agreement on the sale of Shell's interest in...

Posted By : Rabi Wangkhem 1 hour 56 minutes ago
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PTI reported that state-owned Oil and Natural Gas Corp (ONGC) is reviewing offshore logistics operations after five of its 'energy soldiers' were killed in the tragic helicopter crash in the Arabian Sea.

Posted By : Rabi Wangkhem 1 hour 58 minutes ago
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Reuters reported that India was scheduled to lift its biggest volume of Iranian crude in nine months in December, helping to shore up the OPEC producer’s oil exports to Asia last month, said a person with knowledge of...

Posted By : Rabi Wangkhem 2 hours ago
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Reuters quoted Goldman Sachs as saying that crude oil prices are likely to exceed its forecasts for the coming months due to rising demand and strong compliance to a production cuts.

Posted By : Rabi Wangkhem 2 hours 1 minute ago
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Reuters cited Russian Energy Minister Mr Alexander Novak as saying that a global deal to cut oil output led by OPEC and Russia should continue because the market is still not balanced.

Posted By : Rabi Wangkhem 2 hours 3 minutes ago
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USDValueDoDWoWMoMQoQYoY
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