Oil fell by more than $1 on Thursday as concerns over weak demand in a softening U.S. economy outweighed an unexpected drop in U.S. crude oil inventories and continued production problems in the wake of Hurricane Gustav. Iran has said the producer group may need to cut oil supplies by as much as 1.5 million barrels per day (bpd).
The Petroleum Minister says there is no scope for price cuts.
http://www.ibnlive.com/news/petrol-diesel-prices-will-not-be-cut-for-now-deora/72619-7.html
Losses of state companies reduce but Minister says no scope for rate cut.
http://www.ibnlive.com/news/oil-prices-slump-but-govt-says-no-fuel-price-cut/72589-7.html
Petroleum dealers declared that they would close petrol bunks on Sundays.
http://www.ibnlive.com/news/no-need-of-panic-buying-petrol-bunks-to-work-24x7-minister/72208-7.html
Firefighters were held back because of excessive heat.
http://www.ibnlive.com/news/train-carrying-petroleum-products-derails-explodes/71934-2.html
New dealerships will be provided in areas currently not covered
http://www.ibnlive.com/news/lpg-refill-time-shortened-to-60-days/71594-3.html
Ironically, crude price rise heats inflation, fall not to ease price index.
http://www.ibnlive.com/news/crude-eases-further-but-oil-not-to-cost-less-to-user/71112-7.html
They also say that they would not stay open after 8 pm.
http://www.ibnlive.com/news/pumping-problem-kerala-operators-want-sundays-off/70442-7.html
Vivian Fernandes explains the jargon behind the problem.
http://www.ibnlive.com/news/ibnlive-chat-the-price-youll-have-to-pay-for-inflation/69038-3.html
Chennai is only being able to meet 60 per cent of the fuel demand.
http://www.ibnlive.com/news/chennai-fuel-situation-to-improve-authorities/68174-3.html
The World Petroleum Congress will discuss the oil prices of the countries.
http://www.ibnlive.com/news/world-petroleum-congress-opens-in-madrid/68126-2.html
Project was first mooted in 1994 but has been stalled by a series of disputes.
http://www.ibnlive.com/news/india-iran-gas-pipeline-deal-to-be-signed-soon-deora/67600-3.html
 |
|
