Page 17 - Oil

Major oil marketing companies mull daily fuel price change

This will help India move to an international standard of fuel pricing

Oil rises to near one-month high on supply tightening

According to oil analysis firm Vortexa, shipped oil supplies have fallen by as much as 17% this year

Halfway into 2017's oil supply cut, Asia remains awash with fuel

Yet almost three months into the announced cuts, oil flows to Asia have risen to near record highs

Vertical integration will boost oil firms, says OIL chief Bora

Bora refrained from giving any further details on the nature, scope and timeline of such a merger

India going big on refining capacity; may overtake Russia in capacity

India's oil-refining capacity is currently the fourth-largest in the world and the country has a robust expansion plan for each of its three oil-marketing companies.The capacity expansion will take place over the next few years. In spite of the slowing global oil demand, India's demand may prompt refiners to continue adding capacity, experts say. By 2022, India will have added significantly more to its 230-million-tonne capacity. Indian Oil Corporation looks to take its refining capacity to more than 100 million tonnes by 2022 from the current 80.7 million tonnes, and Bharat Petroleum Corporation Ltd (BPCL) will increase its capacity to 50 million tonnes by 2021. Hindustan Petroleum Corporation Ltd (HPCL), on the other hand, is likely to increase its current 24.8-million-tonne capacity to 60 million tonnes by 2030.British energy giant BP's 2017 energy outlook said for 20 years, oil demand would continue to increase although the pace of growth was likely to slow with vehicles becoming .

India gives out new hydrocarbon licensing policy to explore oil, gas means

The new policy is part of the strategy to make India a business and investor friendly destination

Oil rebounds from recent weakness, still rangebound

Global benchmark Brent settled up 82 cents, or 1.5%, to $55.90 a barrel

Crude oil falls for third consecutive day as US inventories hit record high

Oil is within tight trading range as Opec compliance with output cuts offset rising US oil reserves

Oil prices rise after report shows drop in US stocks

Benchmark Brent crude oil was up 70 cents a barrel at $56.54

Oil falls on worries over swelling US stockpiles

US crude inventories fell 884,000 barrels in the week to Feb 17

Opec cuts, low freight rates help traders make profit on Asia crude routes

Around 30 supertankers have this month made long-haul trips to ship crude oil across Asia

Oil rises as Opec aims for steep output cuts

Brent crude oil jumped $1.13 a barrel to a high of $57.31 before easing to trade around $57.15

Oil rises on 90% compliance on Opec output deal

US West Texas Intermediate crude futures traded up 56 cents at $56.56 a barrel

US Republicans give oil industry the most desired gift - less transparancy

On February 3 the Republican-controlled Senate passed a resolution to scrap the requirement entirely

Oil falls as US supplies, speculative length counter OPEC cuts

The Brent premium over WTI narrowed to $2.09 a barrel at the close, its smallest since Jan 19

Oil steadies near $57 on ample US supply

Despite the Opec cuts, US crude inventories rose by more than expected last week

As oil recovers, US firms descend on the Permian Basin in West Texas

Most of America's shale industry needs prices above $60 a barrel to justify new projects

Oil rallies to settle up $1 a barrel

Oil futures pared gains immediately after weekly US supply data showed a bigger build than expected

Oil trades near $53 as US drilling accelerates

Futures were little changed in New York after falling 1.1 per cent on Friday

Oil extends declines on rising US output

NYMEX crude for March delivery was down 27 cents at $52.90 a barrel