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Newest Outpost For US Crude Exports: India

2017-10-18 rigzone
NEW YORK/NEW DELHI, Oct 17 (Reuters) - India is set to emerge as a key market for American crude exports in coming months, as refineries in that country are ramping up "test" purchases of U.S. grades to diversify their imports. (6-0)

Oil firms float country's biggest ethanol purchase tender

2017-10-17 business-standard
Oil marketing companies — IndianOil, Bharat Petroleum and Hindustan Petroleum — have floated the country’s biggest ethanol procurement tender to buy 3.13 billion litres. The value of ethanol desired by companies for blending with petrol is estimated at over Rs 12,800 crore, considering an average price of Rs 41 a litre. Oil companies will also have to pay a Goods and Services Tax (GST) of 18 per cent on ethanol that will go into blending. (1-0)

Market Update: Over 142 stocks hit 52-week high on BSE; BPCL top gainer, GHCL jumps 5%

2017-10-17 moneycontrol
Nifty as well as Sensex were trading in the green in the afternoon trade with the Nifty adding 12.55 points while the Sensex gained 0.06 percent or 20.32 points. On the BSE 142 stocks hit 52-week high in today's trade. (69-0)

Newest outpost for U.S. crude exports: India

2017-10-17 reuters
NEW YORK/NEW DELHI (Reuters) - India is set to emerge as a key market for American crude exports in coming months, as refineries in that country are ramping up “test” purchases of U.S. grades to diversify their imports. (6-0)

Newest outpost for U.S. crude exports: India

2017-10-17 in.reuters
NEW YORK/NEW DELHI (Reuters) - India is set to emerge as a key market for American crude exports in coming months, as refineries in that country are ramping up “test” purchases of U.S. grades to diversify their imports. (6-0)

Market Update: Nifty trims morning gains as Bank Nifty turns negative; BPCL up 2%, Godrej Agrovet most active

2017-10-16 moneycontrol
Both Nifty and the Sensex trimmed their respective morning gains after both indices hit record highs in morning trade. The fall was largely aided by Reliance Industries which was down 0.68 percent. IndusInd Bank was the top Nifty loser down over 2 percent as the market did not take its merger with Bharat Financial Inclusion in a positive way. (44-0)

Bunker sales set to rebound after cut in GST rate to 5%

2017-10-11 thehindubusinessline
Bunker (ship fuel) sales in India is expected to bounce back after the government cut the Goods and Services Tax (GST) on the fuel from 18 per cent to 5 per cent, providing huge relief to the traders hit by the steep new levy since it was introduced from July 1. (5-0)

Oil Giants At Odds As Saudi, Russian Ties Improve

2017-10-10 seekingalpha
Saudi King Salman bin Abdulaziz Al Saud visited Moscow last Wednesday, the first such visit by a Saudi monarch since the Soviet Union collapsed. (5-0)

Company news

2017-10-09 thehindubusinessline
Kalpataru Power Transmission on Monday said that it has secured new orders/notification of award worth ₹1,057 crore. In a disclosure to the stock exchanges, the global EPC player in the power and infrastructure contracting sector, said the company has secured two orders worth ₹913 crore for design, supply and construction of 500 kV and 225/90 kV transmission lines in Thailand and Africa. Besides, it has got an order for pipeline installation and associated terminal works of Kochi Salem Pipeline Pvt Ltd for ₹144 crore. (3-0)

Kalpataru Power wins new orders worth Rs 1,057 cr

2017-10-09 thehindubusinessline
“KPTL, a leading global EPC player in the power and infrastructure contracting sector, has secured new orders/notification of award of Rs 1,057 crore,” a company statement said today. (3-0)

Fire-fighters still battle blaze at BPCL terminal

2017-10-08 freepressjournal.in
Mumbai : The diesel tank of Bharat Petroleum Corporation Ltd (BPCL) that caught fire on Friday night at Jawahar Dweep, has been burning even after 21 hours. However by late evening, the Mumbai Port Trust and fire brigade that had been battling to douse the fire succeeded in controlling it. “One fire tank was deployed to ensure the fire is doused, however the fire is still burning,” Manohar Rao, chief of Safety, Security & Environmental refinery, BPCL.

Oil refiners climb as govt cuts excise duty on petrol, diesel

2017-10-04 thehindubusinessline
Shares of oil marketing companies like Indian Oil Corp Ltd, Bharat Petroleum Corp Ltd, Hindustan Petroleum Corp Ltd were up over 3 per cent as the Finance Ministry has finally reduced the basic excise duty on petrol and diesel by ₹2 a litre, effective Wednesday. (4-0)

Sources: India's Reliance Makes First Purchase Of US Crude

2017-10-03 rigzone
NEW DELHI/SINGAPORE, Oct 3 (Reuters) - India's Reliance Industries Ltd has purchased crude oil cargoes from the United States for the first time, drawn by the lower price for U.S. oil versus global benchmarks, three trade sources said on Tuesday. (7-0)

Reliance Industries makes first purchase of US crude: Sources

2017-10-03 moneycontrol
Reliance Industries Ltd has purchased crude oil cargoes from the United States for the first time, drawn by the lower price for U.S. oil versus global benchmarks, three trade sources said on Tuesday. (7-0)

UPDATE 1-India's Reliance makes first purchase of U.S. crude - sources

2017-10-03 reuters
NEW DELHI/SINGAPORE, Oct 3 (Reuters) - India’s Reliance Industries Ltd has purchased crude oil cargoes from the United States for the first time, drawn by the lower price for U.S. oil versus global benchmarks, three trade sources said on Tuesday. (7-0)

First-ever shipment of US crude oil to India arrives at Odisha's Paradip Port

2017-10-02 economictimes.indiatimes
The first in a series of shipments of United States crude oil to India arrived on Monday at Odisha's Paradip Port. (3-0)

US starts crude oil shipment to India with a discount

2017-09-29 livemint
New Delhi: Indian Oil Corp. Ltd will receive its first crude oil shipment from the US on Monday, after Washington re-entered the export market last year, increasing competition in an already depressed oil market. (4-0)

Oil retailers, aviation stocks fall 2-6% but ONGC up 4% on sharp rise in crude prices

2017-09-26 moneycontrol
Oil marketing companies as well as aviation stocks declined 2-6 percent intraday Tuesday, following sharp rally in crude oil prices in international markets in previous session. However, share prices of oil exploration companies gained more than 4 percent. (4-0)

Surge in crude oil prices, aviation and oil marketing stocks decline

2017-09-26 indiainfoline
By clicking on submit button, you authorize IIFL & its representatives & agents to provide information about various products, offers and services provided by IIFL through any mode including telephone calls, SMS, letters etc. . you confirm that laws in relation to unsolicited communication referred in “National Do Not Call Registry” as laid down by “Telecom Regulatory Authority of India” will not be applicable for such information/ communication. (4-0)

Reliance Industries world's third largest energy firm: Platts rankings

2017-09-25 business-standard
The S&P Global Platts Top 250 Global Energy Company Rankings this year saw the entry of Indian Oil to the top 10 along with Reliance Industries, which was part of the toppers' club even last year. (12-0)

HPCL makes its first US oil purchase: Chairman M K Surana

2017-09-25 economictimes.indiatimes
NEW DELHI: Hindustan Petroleum Corp has made its first purchase of US oil, buying high sulphur crude Mars in a tender, company chairman M K Surana said on Monday. (1-0)

HPCL makes its first U.S. oil purchase: chairman

2017-09-25 in.reuters
NEW DELHI (Reuters) - Indian state refiner Hindustan Petroleum Corp has made its first purchase of U.S. oil, buying high sulphur crude Mars in a tender, company chairman M. K. Surana said on Monday. (1-0)

Reliance Industries world's third largest energy firm: Platts rankings

2017-09-25 business-standard
The S&P Global Platts Top 250 Global Energy Company Rankings this year saw the entry of Indian Oil to the top 10 along with Reliance Industries, which was part of the toppers' club even last year. (12-0)

Sensex, Nifty little changed; Reliance Industries hits record high

2017-09-20 in.reuters
REUTERS - Indian shares were little changed on Wednesday, while market heavyweight Reliance Industries Ltd hit a record high as a cut in mobile interconnect fee is seen benefiting the company’s telecom unit. (71-0)

IOC, BPCL,HPCL to borrow more to keep up capital spend:Moody’s

2017-09-19 livemint
New Delhi: State-owned fuel retailers Indian Oil Corp. (IOC), Bharat Petroleum Corp. Ltd (BPCL) and Hindustan Petroleum Corp. Ltd (HPCL) will go in for increased borrowings to sustain high dividend payments and capital spending this fiscal, keeping their credit metrics weak, Moody’s Investors Service said on Tuesday. (4-0)