Government refiners are jointly negotiating oil purchase deals with OPEC producers as the world´s third biggest consumer seizes on low prices to wrest better terms.
Tag: OPEC
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Stocks & Barrels
It´s raining good news for the Indian economy. Credit Suisse has said that India will witness the fastest dollar nominal growth in 2015. And falling oil prices are proving to be a major windfall for the country.
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Centre tries to reduce fuel bill
The government has turned to oil diplomacy to secure better fuel supply contracts, a move that industry officials say can cut India´s import bill by at least Rs 10,000 crore.
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OPEC slightly revises up oil demand forecast for 2013
The Organization of Petroleum Exporting Countries (OPEC) has marginally revised up the demand forecast for crude oil in 2013 to 89.68 million barrels per day from 89.55 mbd estimated a month ago. Estimated oil demand for 2012 is also revised up to 88.84 mbd from 88.80 mbd estimated in January by the organisation which accounts for about 35.0 percent of glob
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OPEC slightly revises up oil demand forecast for 2013
The Organization of Petroleum Exporting Countries (OPEC) has marginally revised up the demand forecast for crude oil in 2013 to 89.68 million barrels per day from 89.55 mbd estimated a month ago. Estimated oil demand for 2012 is also revised up to 88.84 mbd from 88.80 mbd estimated in January by the organisation which accounts for about 35.0 percent of glob
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India O&G Pipeline Infrastructure 2011: Technology critical to pipeline security
A recent conference discussed the new technologies that are available in India and can transform O&G pipeline execution and maintenance.