Search

While world attention has been fixed on the conflict in the Balkans in recent weeks, the small matter of unfinished war business with Iraq still remains on the agenda. Many [...]

For many years, the Indian economy has been on the verge of challenging the Chinese for global growth supremacy. That day may have arrived--if the official Indian statistics can be [...]

The Government of India has decided to reduce oil imports from Iran by 12 percent in 2013-2014. Crude oil imports from Iran have declined from 18.1 million tonnes (mt) in [...]

Copyright 2013 Bajaj Capital Ltd, distributed by [...]

The Government of India has decided to extend the special insurance cover to private refiners too for importing crude oil from Iran. The move is aimed at increasing imports from [...]

The Government of India has decided to provide insurance cover for refiners for import of crude oil from Iran from Oct 2013. Foreign re- insurance companies are not willing to [...]

The depreciating rupee and rising international crude oil prices have increased India's cost of importing oil beyond a historic high of Rs7,000 per barrel. This will lead to an increase [...]

Imported palmolein and soyabean refined oil ruled weak on 9 Aug 2013 as local refiners offloaded the commodites at lower rates on expectation of pressure on global palm and soya [...]

Byline: Kurt Abraham A return of the Cold War will affect oil and gas ÃáVol. 234 No. 8THE LAST BARREL KURT ABRAHAM, EXECUTIVE EDITOR A return of the Cold War [...]

Copyright 2013 Bajaj Capital Ltd, distributed by [...]

Byline: RECORDER REPORT Customs authorities have started charging 17 percent Federal Excise Duty on the imports of edible oil despite the fact that rate of FED under Federal Excise Act [...]

Copyright 2013 Bajaj Capital Ltd, distributed by [...]

Oil marketing companies (OMCs) have decided to abandon their plans to import ethanol due to high prices. The Government of India has made it mandatory for OMCs to blend five [...]

Rising tight-oil production in the US threatens to unravel NigeriaÇÖs oil exports NORTH AmericaÇÖs soaring tight-oil production is changing the US energy dynamic and the shift is causing problems for [...]

Reliance Industries Ltd (RIL) and Essar oil Ltd are not willing to sell fuel to public sector undertakings (PSUs) - Indian Oil Corporation Ltd (IOC), Hindustan Petroleum Corporation Ltd (HPCL) [...]

The Ministry of Finance, Government of India, has calculated the oil subsidy for 2013-2014, estimated at Rs65,000 crore, on the basis of estimating under recoveries through '100 percent export parity [...]

International seaborne crude oil trade is expected to further increase in 1997 fueled by a strong demand for oil in Asia and the Organization for Economic Cooperation and Development member countries according to Clarkson Research Studies forecast. A 1%-increase in long-haul exports and 6% in short-haul exports would boost the demand for tankers by about 3.3% in 1997. The size of the very large crude carriers fleet will register little growth, while the double-hulled tanker fleet will continue to grow in 1997., Seaborne crude oil trade indicators so far in 1997 appear positive, driven by increasing oil demand in Asia and in member countries of the Organization for Economic Cooperation and Development [...]

Canadian petroleum and gas exports to the US reached record volumes during the onset of winter 1995. However, inadequate pipeline capacity, coupled with continued low prices, have depressed revenues for many Canadian petroleum and gas companies. These events have dampened corporate interest in new government land sales in 1995 and have forced many Canadian companies to reconsider earlier exploration plans., Winter's early onslaught normally would put smiles on the faces of Canadian oilmen. It provides access to areas otherwise restricted for geophysical activity and drilling. More important, it usually is [...]

Net imports provides a clearer understanding of the US' dependence on petroleum imports. The Energy Information Administration calculates oil dependence using net imports, or total imports minus total exports, divided by products supplied. Other sources calculate oil dependence using total imports as the numerator, but that method can yield distorted data due to oil swaps and other export patterns.

Petroleum Industry Research Foundation Chmn. John Lichtblau asserts that the economic sanctions imposed by Pres. Bill Clinton against Iran will not significantly affect the country. European firms are anticipated to take the place of US companies in major investments in the country. Moreover, the embargo is not expected to make an impact on the revenue of Iran because its overall export will not be changed at all. What the sanction will damage are the US investments in Iranian oil operations and US purchase of Iranian oil.

Crude petroleum imports to the Gulf Coast probably will continue to rise during the 1990s, according to a speech given by Robert E. Coleberd at the International Assn for Energy Economics' 1994 North American conference. Domestic crude production has decreased between 1982 and 1993, and imports from Latin America and the Middle East have increased. Latin America, Saudi Arabia and Kuwait are and will remain the largest exporters of oil to the US. Domestic production is expected to be 1.5 mil to 1.75 mil b d below demand during 1995 and may be over 2 mil b d below demand by 2000., The largest crude oil commodity market in the world--the U.S. Gulf Coast--has experienced an important change in recent years. 'The decline in domestic production and the increase in imports appear [...]

The deficit on the current account is estimated to have narrowed to Kina114m (US$48m) in 2011, according to the BPNG. This represents a sharp revision from the bank's previous estimate [...]

Relations with France will remain strong (Gabon hosts France's regional military base and Mr Bongo visits Paris frequently) despite a French judicial probe into the Bongo family's French assets and [...]

Byline: STAFF REPORT Islamabad -- Iran has declared its readiness to export 80,000 barrels per day (bpd) of crude oil to Pakistan in addition to offering $250 million in loan [...]

The West is committed to preventing Iran from developing nuclear weapons, but maintaining sanctions on Iranian oil has led to a spike in oil prices that, if left unchecked, could [...]

Byline: Dan Weil Enbridge Energy Partners (EEP), one of the biggest transporters of crude oil in the Americas, reaps the rewards of using a top pipeline asset. The master limited [...]

OIL remains the core of the Saudi economy and the source of the kingdom's globa economic significance. In turn, trends in world oil markets have a direct impac on Saudi [...]

Kwok W Wan, LONDON: Iraq wants to more than double refining capacity to meet rising domestic demand for products, as well as investing in export facilities, according to deputy oil [...]