Reuters Market Eye – Shares of state-run oil marketing companies gain after a media report said the petroleum ministry was planning to propose a hike of 5 rupees in diesel prices.
The ministry is considering the diesel price hike along with a proposal for a new subsidy sharing mechanism, the Business Standard newspaper reported on Thursday, citing unnamed officials.
Shares of Indian Oil Corp , Hindustan Petroleum Corp and Bharat Petroleum Corp are trading 2-3 percent higher.
The US natural gas industry received a preview of a new regulatory push on Apr. 15 when the Environmental Protection Agency published white papers on emissions of methane and volatile organic compounds (VOCs) in five operational categories. The agency released the papers for external peer review as part of a White House strategy to reduce […]
Prices for light, sweet crude oil fell modestly on the New York market Apr. 15 while gasoline futures reached their highest level since Aug. 29, 2013, pending the release of a weekly US government report on oil and product inventories. Gasoline inventories have dropped for 8 consecutive weeks, the US Energy Information Administration reported. US […]
The North American oil and gas market started the year on a good note during the first quarter as a cold winter brought relief to producers and refiners while Mexico progressed on energy reform, Ernst & Young said in its US quarterly report on the industry. Even with lingering geopolitical risks in the Middle East, […]
BP PLC reported that it will sell interests in four BP-operated oil fields on the Alaska North Slope to Houston independent Hilcorp. The agreement includes all of BP’s interests in the Endicott and Northstar oil fields and a 50% interest in each of the Liberty and the Milne Point fields. The sale also includes BP’s […]
Turkey and OAO Gazprom have discussed a possible increase in natural gas capacity of the Blue Stream gas pipeline to 19 billion cu m/year from 16 bcm/year. Blue Stream, which extends through the Black Sea, handles more than half of all gas purchased by Turkey from Russia. Gazprom said an increase in capacity would not […]
