March 2010 Archives

SINGAPORE: Oil inched higher in Asian trade on Friday on bargain buying following recent losses stemming from a firmer US dollar, analysts said.

For LIC Policy in nashik and sorrounding areas see : LIC Polic\

New York's main contract, light sweet crude for delivery in May, climbed 23 cents to $80.76 a barrel.

y nashik

London's Brent North Sea crude for May was up 21 cents to $79.82 per barrel.

These are the best Nashik LIC Agents.



Full Story: Oil inches up on bargain hunting - Economic Times

Crude oil futures continued their sideways trading pattern; not being able to sustain around 2-month high levels of above $83 a barrel as strong dollar and rising inventories in the US took a toll on the sentiments. Crude oil prices still found stubborn resistance amid concerns about demand.  NYMEX light sweet crude oil futures jumped to 2 month high of $ 83.03 per barrel on 10th March but failed to extend further in the next couple of weeks.

Oil Tanks India manufacturing facility.

Crude-oil futures settled around $80 as a reduction in fourth-quarter U.S. gross domestic product added to concerns about future oil demand. Light, sweet crude for May delivery settled at $80 a barrel on the New York Mercantile Exchange, the lowest settlement since March 15. Futures fell after the Commerce Department cut its estimate of fourth-quarter GDP to 5.6%, from 5.9% in an earlier report. The downward revision played into fears in the oil market that the U.S. economic recovery is progressing too slowly to significantly boost demand for crude in the coming months.

40 gallon diesel tank

The US Energy Department reported that crude inventories rose by 7. 3 million barrels to 351.3 million barrels on 24 March 2010. Though the report said that gasoline stocks fell 2.7 million barrels, more than the 1.3 million forecast, traders are still not worried about the peak summer driving season demand for gasoline to cause a dent into the falling supplies.

Oil Tanks India manufacturing facility.



Full Story: Crude Oil: Demand Concerns Weigh - BloombergUTV

MUMBAI: Essar Oil said it will seek shareholders’ nod to raise $1.7 billion (about Rs 7,700 crore) through the issue of securities in the international markets to finance its various expansion plans.

Corporates usually go for Group Scheme Nashik.

The board has decided to seek approval of shareholders again to raise an amount up to the balance amount of $1,700 million, Essar Oil said in a filing to BSE. The amount is the part of the company’s fund-raising plan of $2 billion, which was approved by its shareholders in December 2007.

Friendly and nice Life Insurance Agent Nashik.

Essar Oil said it will seek shareholders’ nod to raise $1.7 billion (about Rs 7,700 crore) through the issue of securities in the international markets to finance its various expansion plans.

Great Pension Plans for seniors and youngsters.



Full Story: Essar Oil seeks shareholders nod to raise $1.7 bn - Economic Times

NEW DELHI: Oil and Natural Gas Corp (ONGC) today reported making three oil and gas finds this month and said its board has approved investment of Rs 3,241 crore in developing Cluster-7 marginal fields in the western offshore.

Information about India auto components

ONGC said it discovered gas in a well drilled in East Godavari district in Andhra Pradesh and oil and gas in a separate well in shallow waters off the Andhra coast.

Diesel Tanks India

Besides oil was discovered in Gujarat block, a company press statement said here today.

Information about auto components india oem



Full Story: ONGC says it finds 3 oil and gas fields in March - Economic Times

NEW DELHI: The finance ministry may offer more compensation to state-owned oil marketing companies (OMCs) for selling fuel below cost this year, provided the oil ministry deregulates auto fuel prices and increases cooking fuel prices next fiscal.

Best of the Unit Plans Nashik found here.

Public sector OMCs — Indian Oil (IOC), Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL) — may get this year’s dues in the next financial year after the Budget session of Parliament, two ministers said, on condition of anonymity.

Corporates usually go for Group Scheme Nashik.

Public sector OMCs — Indian Oil (IOC), Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL) — may get this year’s dues in the next financial year after the Budget session of Parliament, two ministers said, on condition of anonymity. “A fuel price hike is imminent, but may happen only in 2010-11. Finance ministry is not in a position to continue paying huge subsidies on four petroleum products,” one of them said.

Friendly and nice Life Insurance Agent Nashik.



Full Story: Oil marketing firms may get more compensation - Economic Times

The new Euro-IV auto-fuels were launched by Delhi Chief Minister Sheila Dikshit and Petroleum and Natural Gas Minister Murli Deora here on Wednesday as they flagged off oil tankers of Indian Oil, Hindustan Petroleum and Bharat Petroleum companies from Bijwasan oil terminal via video conferencing.

Diesel Tanks India

The government indicated that there is likely to be an increase in fuel prices, as under-recoveries are expected to zoom unless there was a "hard decision".

India auto diesel tanks manufacturer

The government indicated that there is likely to be an increase in fuel prices, as under-recoveries are expected to zoom unless there was a "hard decision". "Under-recoveries will rise if we do not take very, very hard decisions soon," Petroleum Secretary S. Sundereshan said at the launch function.

diesel fuel tanks



Full Story: Oil ministry lobbies for fuel price hike - Economic Times

NEW DELHI: Cairn India has raised crude oil reserves estimates at its Barmer fields in Rajasthan, leading to a 74% gap between private and government assessments under various nomenclature.

LIC Pension Plans and more information about LIC : LIC Pension Plans

Discovered resources comprise total deliverable petroleum quantities from the start of production to the ceasing of production in a field. Prospective resources are those quantities of petroleum estimated that can be potentially produced. “The increase in the Rajasthan resource base supports our vision of greater production potential in the Barmer basin,” said Cairn India CEO Rahul Dhir. Cairn India shares rose 3.76% to Rs 292.80 on the Bombay Stock Exchange.

For insurance agents in nasik LIC Agents Nashik.

Cairn India has raised crude oil reserves estimates at its Barmer fields in Rajasthan, leading to a 74% gap between private and government assessments under various nomenclature.

For LIC Policy in nashik and sorrounding areas see : LIC Polic\



Full Story:
Cairn raises Rajasthan oil estimates - Economic Times

The Centre on Monday hinted that the decision making process to hike the natural gas prices produced by state-run Oil and Natural Gas Corporation (ONGC) and Oil India Ltd. (OIL) by as much as 30 per cent was in the final stages.

India auto diesel tanks manufacturer

The Centre on Monday hinted that the decision making process to hike the natural gas prices produced by state-run Oil and Natural Gas Corporation (ONGC) and Oil India Ltd. (OIL) by as much as 30 per cent was in the final stages. “I have been told by Petroleum and Natural Gas Minister Murli Deora that the issue is in the final stages of decision making in the government. We expect a decision soon,'' Petroleum Secretary S. Sundareshan said on the sidelines of a summit here. The prices of gas produced by ONGC and OIL from fields given to them on a nomination basis were last revised in 2005. The current rates of Rs.3,200 per thousand cubic metres ($1.79 per million British thermal unit) were less than half of the $4.2 per mBtu price of gas from the KG-D6 field of Reliance Industries Ltd. (RIL).

Mahindra vehicles diesel tanks

The Petroleum Ministry has already circulated a Cabinet note for hiking the price of gas under the administered pricing mechanism (APM) to Rs.4,142 per thousand cubic metres ($2.32 per mBtu). The price of gas under APM is proposed to be raised in stages to Rs.7,500 per thousand cubic metres or $4.2 per mBtu by 2013. Mr. Sundareshan said the government was weighing policy options to end differential pricing of natural gas that ranges from under $1 per mBtu (APM gas) to $5.73 per mBtu (for gas produced by BG Group-operated Panna/Mukta and Tapti fields).

Oil Tanks India manufacturing facility.



Full Story: ONGC, OIL may get higher price for gas - The Hindu

NEW DELHI: The government may soon raise prices of natural gas produced by state-owned ONGC and Oil India by as much as 30 per cent, Petroleum Secretary S Sundareshan said on Monday.

Corporates usually go for Group Scheme Nashik.

NEW DELHI: The government may soon raise prices of natural gas produced by state-owned ONGC and Oil India by as much as 30 per cent, Petroleum Secretary S Sundareshan said on Monday. "I am told by the (Petroleum) Minister (Murli Deora) that the issue is in the final stages of decision making in the government. We expect a decision soon," he told reporters on the sidelines of the 6th Asia Gas Partnership Summit in New Delhi.

Friendly and nice Life Insurance Agent Nashik.

Price of gas produced by Oil and Natural Gas Corp (ONGC) and OIL from fields given to them on nomination basis were last revised in 2005. Current rates of Rs 3,200 per thousand cubic meters ($1.79 per million British thermal unit) are less than half of the $4.2 per mmBtu price of gas from KG-D6 field of Reliance Industries.

Great Pension Plans for seniors and youngsters.



Full Story: Govt may hike ONGC, OIL gas prices by 30 pc: Petroleum Secy - Economic Times

NEW DELHI: State-owned Indian Oil and Oil India may hike their combined takeover offer for the Middle East-focused oil firm Gulfsands Petroleum after the UK-based firm rejected their £400-million bid. “Yes, I can confirm that IOC-OIL combine did make an offer for Gulfsands Petroleum,” a source closely linked to the transaction said. “The offer was in the range of £400 million,” he said. The Syria-focused oil explorer on Friday said it had rejected an unsolicited offer by a company it did not identify, for being too low.

Manufacturer of Hydraulic Oil Tanks India

NEW DELHI: State-owned Indian Oil and Oil India may hike their combined takeover offer for the Middle East-focused oil firm Gulfsands Petroleum after the UK-based firm rejected their £400-million bid. “Yes, I can confirm that IOC-OIL combine did make an offer for Gulfsands Petroleum,” a source closely linked to the transaction said. “The offer was in the range of £400 million,” he said. The Syria-focused oil explorer on Friday said it had rejected an unsolicited offer by a company it did not identify, for being too low. “The board is unanimously of the view that the proposal is wholly inadequate and materially undervalues the company,” Gulfsands said in a statement. “The rejection does not mean the transaction has fallen through. They (IOC-OIL) can raise the offer, which they should, but the two companies are yet to put their heads together on the issue,” the source said.

mahindra diesel tanks

Gulfstone, which has oil properties in Syria and the Gulf of Mexico, produces 14,000-17,000 barrels of oil per day. IOC-OIL have teamed up for acquiring overseas assets and share cost and investment in 50:50 ratio.

Forklift Oil Tank manufacturing facility.



Full Story: IOC-OIL may hike £400-mn bid for Gulfsands - Economic Times

GPX.L ), a source close to the situation confirmed on Sunday.

Great Pension Plans for seniors and youngsters.

The Syria-focused oil explorer last week rejected an unsolicited takeover approach of around 350 pence per share, saying the proposal was "wholly inadequate".

Take care of your family Life insurance Nashik even after you are gone.

The company, whose shares closed at 308 pence on Friday, is due to upgrade its reserves estimate before the end of March, potentially boosting its valuation.

It is necessary to get Insurance Nashik. Click to find out more.



Full Story: Gulfsands bid approach by Indian Oil Corp: source - Reuters

March 21 (Bloomberg) -- Oil India Ltd. and Indian Oil Corp. jointly made the bid for Gulfsands Petroleum Plc that the U.K. company with assets in Syria and the Gulf of Mexico rejected last week, three people familiar with the matter said.

y nashik

The unsolicited approach was “wholly inadequate,” Gulfsands said March 19, without giving details. The bid was at 350 pence a share, the Financial Times reported yesterday, or 10 percent above the March 19 closing price. That would value the London-based company at about 400 million pounds ($601 million), the newspaper said. The offer may be increased, it said.

These are the best Nashik LIC Agents.

Bobby Morse, an external spokesman for Gulfsands, declined to identify any bidder or pricing. The people familiar with the approach declined to be identified because the discussions between the U.K. company and the two state-owned Indian ones were private.

I know I can count on my LIC policy for life :)



Full Story: Oil India, Indian Oil Said to Have Made Gulfsands Rejected Bid - BusinessWeek

Economy Round-up - Economic Times

| | Comments (0) | TrackBacks (0)
The Cabinet Committee on Economic Affairs (CCEA) cleared Oil & Natural Gas Corp’s (ONGC) $2.181-billion investment in a Venezuelan oil block.

Friendly and nice Life Insurance Agent Nashik.

ONGC’s investment along with that of other Indian partners Indian Oil Corporation (IOC) and Oil India will give the energy deficient country access to 5.5 million tons a year of crude oil at peak level of production.

Great Pension Plans for seniors and youngsters.

A group of secretaries had earlier approved ONGC’s proposal to acquire 40% stake in the Carabobo-1 block through a consortium (including both Indian and overseas partners).

Take care of your family Life insurance Nashik even after you are gone.



Full Story: Economy Round-up - Economic Times

CHENNAI: One-and-a-half year old Dilip,who was administered neem oil to wean him off breast milk,died on Thursday after nearly six days of intensive care at the Institute of Child Health (ICH).

For LIC Policy in nashik and sorrounding areas see : LIC Polic\

Doctors suspect that the oil could have contained a poisonous alkaloid,strychnine.In fact,the ICH has reported 50 such deaths in the past year.

y nashik

Minutes after he was given the neem oil at his residence in Adambakkam,Dilip swooned.His sister,Devi (4),who was also given the oil for deworming,also collapsed.Their parents,Geetha and Lingam,daily wage labourers,rushed them to the ICH in Egmore on Saturday.

These are the best Nashik LIC Agents.



Full Story: Child dies after being administered neem oil - Times of India

Calculate the Price of Gold/silver in the major metros. To calculate the price of gold/silver,enter the weight and purity of your selection.

Take care of your family Life insurance Nashik even after you are gone.

The cabinet Friday approved an investment of $2.18 billion (Rs.10,900 crore) by three state-run companies - ONGC Videsh, Indian Oil Corporation and Oil India - in Venezuela's Carbobo oil block.

It is necessary to get Insurance Nashik. Click to find out more.

The cabinet Friday approved an investment of $2.18 billion (Rs.10,900 crore) by three state-run companies - ONGC Videsh, Indian Oil Corporation and Oil India - in Venezuela's Carbobo oil block. 'The three companies, which together have an 18 percent equity interest in the project were awarded the block in consortium with Spain's Repsol YPF SA (REP) and Malaysia's Petroliam Nasional Bhd,' Home Minister P Chidambaram told reporters after a meeting of the Cabinet Committee on Economic Affairs (CCEA).

LIC Insurance plans here LIC Insurance Plans



Full Story: Cabinet approves $2.18 bn investment in Venezuela oil block - Sify

Calculate the Price of Gold/silver in the major metros. To calculate the price of gold/silver,enter the weight and purity of your selection.

These are the best Nashik LIC Agents.

The Indian government will soon invite bids for exploration of oil and gas blocks under the ninth round of the New Exploration Licensing Policy (NELP-IX), Petroelum and Natural Gas Secretary S. Sundareshan said here Saturday.

I know I can count on my LIC policy for life :)

The Cabinet Committee on Economic Affairs, at a meeting in New Delhi chaired by Prime Minister Manmohan Singh Friday, approved the award of 33 blocks for oil and gas exploration under the eighth round of the NELP.

In Nashik, These guys provide Insurance Plans Nashik\



Full Story:
Auction of oil and gas blocks under NELP IX soon - Sify

NEW DELHI: The Cabinet Committee on Economic Affairs (CCEA) on Friday cleared Oil & Natural Gas Corp’s (ONGC) $2.2 billion investment in a Venezuelan oil block.

Great Pension Plans for seniors and youngsters.

ONGC’s investment, along with that of other Indian partners Indian Oil Corporation and Oil India will give the energy deficient country access to 5.5 million tonnes a year of crude oil at peak level of production.

Take care of your family Life insurance Nashik even after you are gone.

A group of secretaries had earlier approved ONGC’s proposal to acquire 40% stake in the Carabobo-1 block through a consortium (including both Indian and overseas partners).

It is necessary to get Insurance Nashik. Click to find out more.



Full Story: ONGC's $2 bn Venezuelan investment plan gets nod - Economic Times

Please register to gain free access to WSJ tools.

y nashik

An account already exists for the email address entered.

These are the best Nashik LIC Agents.

This service is temporary unavailable due to system maintenance. Please try again later.

I know I can count on my LIC policy for life :)



Full Story: OIL FUTURES: Nymex Crude Slightly Lower On Stronger Dollar - Wall Street Journal

NEW DELHI: State-owned Oil and Natural Gas Corp on Friday said it is targeting a net profit of Rs 14,063 crore in fiscal 2010-11 on the back of higher crude oil production.

Friendly and nice Life Insurance Agent Nashik.

Oil and Natural Gas Corp (ONGC) had in 2008-09 reported a net profit of Rs 16,126 crore driven by high crude oil prices. This fiscal, it has reported Rs 12,991.1 crore net profit in the first nine months.

Great Pension Plans for seniors and youngsters.

The company signed an agreement with the Petroleum Ministry targeting 27 million tonnes of oil production in 2010 -11, 8.4 per cent more than 24.9 million tonnes output expected this fiscal, a company statement said here.

Take care of your family Life insurance Nashik even after you are gone.



Full Story: ONGC aims Rs 14063 cr net in FY11 - Economic Times

From time to time, we will send you e-mail announcements on new features and special offers from The Wall Street Journal Online.

For LIC Policy in nashik and sorrounding areas see : LIC Polic\

NEW YORK (Dow Jones)--Crude oil futures hit a two-month high Wednesday as confidence in the economic outlook continued to grow, buoying investor demand for oil and other perceived riskier assets, such as equities.

y nashik

Weekly oil inventory data released by the U.S. Wednesday also offered support as it showed a larger fall in oil product inventories than expected.

These are the best Nashik LIC Agents.



Full Story: OIL FUTURES: Crude At Two-Month High On Economic Confidence - Wall Street Journal

March 17 (Bloomberg) -- Crude oil rose for a second dayafter OPEC officials said demand is growing and U.S. FederalReserve authorities repeated their pledge to keep the maininterest rate near zero.

Corporates usually go for Group Scheme Nashik.

“OPEC says demand is increasing; this is positive foroil,” Roland Stenzel, a crude and carbon trader at E&T EnergieHandelsgesellschaft mbH, said from Vienna. “Low interest rateswill keep the economy on track.” Crude for April delivery gained 76 cents, or 0.9 percent,to $82.46 a barrel in electronic trading on the New YorkMercantile Exchange as of 11 a.m. London time. Yesterday, thecontract rose 2.4 percent, the biggest one-day gain since Feb.16. Brent crude for May added 89 cents to $81.42 a barrel on theICE Futures Europe exchange in London.

Friendly and nice Life Insurance Agent Nashik.

The Organization of Petroleum Exporting Countries, meetingin Vienna, agreed for a fifth time since late 2008 to keep itsproduction limits unchanged, according to Shokri Ghanem,chairman of Libya’s National Oil Corp.

Great Pension Plans for seniors and youngsters.



Full Story: Oil Rises After OPEC Says Demand Rising, US Pledges Low Rates - Bloomberg

VIENNA - OPEC members have agreed to maintain the cartel's oil production ceiling in the face of recovering crude prices, de-facto group head Saudi Arabia said here on Wednesday.

Ahead of an official announcement on output levels by the Organization of Petroleum Exporting Countries, Saudi Oil Minister Ali al-Nuaimi said ministers had reached agreement on leaving production at current levels.

Pension is necessary,specially in Nashik, contact Pension Plans Nashik for more information.

Oil prices, which tumbled from historic highs of more than US$147 (S$205) in July 2008 to about $32 in December in response to the global recession, have since clawed back ground on economic recovery hopes. -- PHOTO: AP VIENNA - OPEC members have agreed to maintain the cartel's oil production ceiling in the face of recovering crude prices, de-facto group head Saudi Arabia said here on Wednesday.

Best of the Unit Plans Nashik found here.



Full Story: Opec to maintain oil output - Straits Times


The Hindu

Sensex ends near 17400; oil & gas, metals gain
Economic Times
The upmove was led by gains in oil & gas, metals and capital goods space. ( Watch ) Bombay Stock Exchange's Sensex ended at 17399.72, up 234.73 points or ...
Sensex hovers around 17200 oil gas metals pharma upMoneycontrol.com
Sensex lacklustre: Oil & gas index up 1%Business Standard
RIL, L&T lift Sensex higher; Oil & Gas, CD upMyiris.com
NDTV.com -Myiris.com -Myiris.com
all 187 news articles »


y nashik  |  These are the best Nashik LIC Agents.  |  I know I can count on my LIC policy for life :)

Full Story: Sensex ends near 17400; oil & gas, metals gain - Economic Times

VIENNA (Reuters) - Oil demand is picking up, Saudi Oil Minister Ali al-Naimi said on Tuesday, which could mean OPEC does not have to take any action on supply this year.

LIC Pension Plans and more information about LIC : LIC Pension Plans

"We have been sailing very well and we will continue to sail very well," Naimi, minister for the world's top oil producer, told reporters a day ahead of a meeting of the group, many of whose members have voiced concern it is pumping too much oil.

For insurance agents in nasik LIC Agents Nashik.

OPEC agreed members would slash 4.2 million barrels per day (bpd) from output to curb supply at 24.84 million bpd in December 2008 as the chill of recession threatened to shrivel oil demand.

For LIC Policy in nashik and sorrounding areas see : LIC Polic\



Full Story:
Oil market tightening, OPEC may not need to act - Saudi - Reuters India

NEW DELHI, March 16 (Reuters) - India's edible oil importsare expected to rise 46.3 percent in the fiscal year to March,the junior food minister told parliament on Tuesday.

It is necessary to get Insurance Nashik. Click to find out more.

Edible oil imports were likely to rise to 9.8 milliontonnes in 2009/10 from 6.7 million tonnes a year ago, K.V.Thomas said in a written reply.

LIC Insurance plans here LIC Insurance Plans

Edible oil imports by India, the world's top buyer, havebeen rising steadily as growing incomes fuel demand in thecountry of more than 1 billion people.

LIC Unit Plans and more information about LIC : LIC Unit Plans



Full Story: India's edible oil imports to soar this year-min - Reuters India

Crude oil fell to the lowest level in more than a week as the dollar gained, curbing demand for most commodities as an alternative investment.

Friendly and nice Life Insurance Agent Nashik.

Oil decreased as much as 2.6 per cent as the dollar index, which tracks the US currency against six others, advanced for the first time in four days and as crude broke through a technical-support level at $US80 a barrel. OPEC is forecast to keep output unchanged at a meeting this week in Vienna.

Great Pension Plans for seniors and youngsters.

"There's some dollar buying, which is putting some pressure on commodities," said Tom Bentz, a broker at BNP Paribas Commodity Futures Inc. in New York. The selling "is more technical than anything else." Crude oil for April delivery fell $US1.47, or 1.8 per cent, to $US79.77 a barrel at the close of floor trading on the New York Mercantile Exchange. Earlier, it touched $US79.13 a barrel, the lowest price since March 2 on an intraday basis. Crude has risen 72 per cent in the past year.

Take care of your family Life insurance Nashik even after you are gone.



Full Story: Crude oil drops to lowest in a week as $US gains - Sydney Morning Herald

Two men suspected of plotting attacks on an oil firm, a mall and a market have been arrested in the western Indian city of Mumbai, police say.

Pension is necessary,specially in Nashik, contact Pension Plans Nashik for more information.

Abdul Latif Shaikh and Riyaz Ali are accused of planning to set on fire the office of the state-run Oil and Natural Gas Commission (ONGC).

Best of the Unit Plans Nashik found here.

More than 170 people, nine of them gunmen, died in militant attacks in the city in November 2008.

Corporates usually go for Group Scheme Nashik.



Full Story: Two held for Mumbai 'attack plot' - BBC News


The Hindu

2 held for plot to attack BARC, ONGC terminals
Times of India
... offshore installations of Oil and Natural Gas Corporation and other targets in the city — fuel storage tanks, a shopping mall and a cloth market. ...
Another Mumbai terror plot cracked, two heldSify
2 held for plotting to torch ONGC officeThe Hindu
Mumbai: 2 held for targeting oil facilityIndia Today
Daily News & Analysis -Sakaal Times -AFP
all 278 news articles »


These are the best Nashik LIC Agents.  |  I know I can count on my LIC policy for life :)  |  In Nashik, These guys provide Insurance Plans Nashik\

Full Story:
2 held for plot to attack BARC, ONGC terminals - Times of India

Zeenews Bureau Mumbai: Acting in the nick of time, the Mumbai Anti-Terror Squad (ATS) has arrested two persons allegedly planning to blow up vital installations in Mumbai, like 26/11 attacks that killed more than 180 persons.

For insurance agents in nasik LIC Agents Nashik.

The two suspects – named as Abdul Latif Rashid (29) and Riyaz Ali (23) – were picked up by the security agency from Central Mumbai.

For LIC Policy in nashik and sorrounding areas see : LIC Polic\

According to the Mumbai ATS, the duo have applied for passports and wanted to flee to Pakistan. “But before fleeing they wanted to orchestra a big strike. They have in fact identified three places in the city – ONGC establishments, Mangla Market, and the Thakkar Mall,” an ATS officer said.

y nashik



Full Story: Mumbai ATS nabs 2 for plotting to blow up ONGC oil tanks - Zee News

Upstream oil and gas companies in the public sector are likely to take an additional hit of Rs 16,000 crore in the current financial year as the government has made no fresh Budgetary provision for meeting the oil subsidy burden and the state-controlled oil marketing companies have no financial cushion to absorb the impact of their under-recoveries.

LIC Insurance plans here LIC Insurance Plans

The upstream companies, such as, Oil and Natural Gas Corporation (ONGC), Oil India Limited (OIL) and GAIL, have already been asked to bail out the oil marketing companies by sharing their under-recoveries of about Rs 14,500 crore on account of petrol and diesel sales. The additional burden of Rs 16,000 crore on the upstream companies is proposed to take care of the oil marketing companies’ under-recoveries on sales of kerosene and liquefied petroleum gas (LPG).

LIC Unit Plans and more information about LIC : LIC Unit Plans

The total burden of under-recoveries (the gap between the government-fixed retail fuel prices and refining, marketing and other costs) on upstream oil and gas PSUs therefore will go up to Rs 30,500 crore in the current financial year. For the upstream oil and gas companies, however, this burden will not be more than last year, when they had compensated the oil marketing companies’ under-recoveries to the tune of Rs 32,943 crore. Even after taking the additional hit, these companies will remain profitable.

LIC Pension Plans and more information about LIC : LIC Pension Plans



Full Story: Govt may shift subsidy burden to ONGC, OIL, GAIL - Business Standard


Excuse me, I can't roll back oil hike: Pranab Mukherjee
Economic Times
NEW DELHI: Finance minister Pranab Mukherjee on Friday rejected opposition members demand to roll back the increase in duties on crude oil and automotive ...

and more »


Great Pension Plans for seniors and youngsters.  |  Take care of your family Life insurance Nashik even after you are gone.  |  It is necessary to get Insurance Nashik. Click to find out more.

Full Story: Excuse me, I can't roll back oil hike: Pranab Mukherjee - Economic Times

From time to time, we will send you e-mail announcements on new features and special offers from The Wall Street Journal Online.

Best of the Unit Plans Nashik found here.

NEW YORK (Dow Jones)--Crude futures dropped Friday as conflicting signals about the U.S. economic recovery undermined the oil market's latest try for a new 2010 high.

Corporates usually go for Group Scheme Nashik.

Light, sweet crude for April delivery settled 87 cents, or 1.1%, lower at $81.24 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange settled 89 cents, or 1.1%, lower at $79.39 a barrel.

Friendly and nice Life Insurance Agent Nashik.



Full Story: OIL FUTURES: Crude Off Recent Highs On Doubts About Economy - Wall Street Journal

From time to time, we will send you e-mail announcements on new features and special offers from The Wall Street Journal Online.

I know I can count on my LIC policy for life :)

NEW YORK (Dow Jones)--Crude futures hit a two-month high Friday after an unexpected improvement in U.S. retail sales signaled that the economic recovery continues to gain momentum.

In Nashik, These guys provide Insurance Plans Nashik\

Light, sweet crude for April delivery recently traded 96 cents, or 1.2%, higher at $83.07 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange traded 91 cents, or 1.1%, higher at $81.19 a barrel.



Full Story: OIL FUTURES: Nymex Crude Hits $83/Bbl On Retail Sales Gains - Wall Street Journal

SINGAPORE (Reuters) - Oil was steady above $82 on Friday, poised for a second consecutive weekly increase, on views that energy demand will continue to grow despite any efforts by China to tighten monetary policy further on rising inflation.

For LIC Policy in nashik and sorrounding areas see : LIC Polic\

Chinese crude imports soared to their second-highest daily average on record in February, customs data showed on Wednesday, a day before the government said consumer inflation soared to a 16-month high.

y nashik

"By tightening they are lowering the probability that the economy overheats, and that gives you a more stable outlook for energy demand over coming years," said Ben Westmore, a commodities analyst at the National Australia Bank.

These are the best Nashik LIC Agents.



Full Story: Oil steady above $82, set for 2nd weekly gain - Reuters

CALGARY, Alberta, March 11 (Reuters) - The government ofAlberta said on Thursday it will cut its royalty rates onconventional oil and natural gas production as it looks toboost investment in the its oil and gas reserves.

LIC Unit Plans and more information about LIC : LIC Unit Plans

The province, under fire from the oil and gas industrysince raising its take from producers at the start of 2009,will lower its maximum royalty on gas production to 36 percentfrom 50 percent and on conventional oil to 40 percent from 50percent at the beginning of next year.Royalties from oil and gas production underpin Alberta'spublic finances. Increasing the province's take was a key andpopular plank in Premier Ed Stelmach's 2008 election campaign,which brought him the largest majority in the province'shistory in the middle of a commodity-price boom that enrichedthe industry, sparked labor shortages and boosted inflation.

Full Story: Alberta to cut royalties on oil, natural gas - Reuters

Global oil demand will rise more quickly than expected in 2010, OPEC said on Wednesday, increasing the need for crude from the 12-member group which meets to set policy next week.

Take care of your family Life insurance Nashik even after you are gone.

The monthly report from OPEC said world demand will rise by 880,000 barrels per day (bpd) in 2010, up from 810,000 bpd previously forecast. It also pointed to a further rise in production from its members in defiance of agreed output limits."Current OPEC production is likely to exceed market needs," OPEC said in the report in a commentary on the second quarter, a period of the year when demand typically declines for seasonal reasons.

Full Story: OPEC sees higher 2010 oil demand growth - Moneycontrol.com

Oil slips from $82 - Reuters

| | Comments (0) | TrackBacks (0)
SINGAPORE (Reuters) - Oil fell to below $82 on Thursday on expectations for OPEC to keep pumping above quotas in the second quarter, pulling prices down from eight-week highs reached a day earlier.

Corporates usually go for Group Scheme Nashik.

Falling fuel inventories in the United States and the first few weekly gains in total demand in one-and-a-half years have bolstered the view that the market will absorb ample supplies from OPEC as Chinese imports soar.Ministers from the Organization of the Petroleum Exporting Countries meet in Vienna on March 17 to discuss production policy. Officials from member countries including Algeria, Kuwait, and Angola have said this week they do not expect a change in quotas because prices are within their desired range.

Full Story: Oil slips from $82 - Reuters

From time to time, we will send you e-mail announcements on new features and special offers from The Wall Street Journal Online.

Pension is necessary,specially in Nashik, contact Pension Plans Nashik for more information.

NEW DELHI -- India's government isn't planning to sell a stake in state-run Oil & Natural Gas Corp. and Indian Oil Corp., the federal oil secretary said Wednesday."This is not the correct market time (to sell a stake) anyway. There is no serious consideration at this juncture," S. Sundareshan told reporters on the sidelines of an industry conference.

Full Story: India Not to Divest Stake in ONGC, Indian Oil - Wall Street Journal


Rediff

Sensex ends in green; realty, oil & gas lead
Economic Times
MUMBAI: Equities ended lackluster session on a positive note in the absence of cues from global peers. Realty oil&gas and FMCG moved higher while IT and ...
Sensex moves higher; auto, oil & gas gainNDTV.com
Sensex up 40.37 pts; Oil & Gas, CD gainMyiris.com
Markets off day's highsBusiness Standard
Economic Times -Myiris.com -NDTV.com
all 307 news articles »


These are the best Nashik LIC Agents.  |  I know I can count on my LIC policy for life :)  |  In Nashik, These guys provide Insurance Plans Nashik\

Full Story:
Sensex ends in green; realty, oil & gas lead - Economic Times

NDTV Correspondent and Agencies, March 10, 2010 Mumbai) The key equity benchmark indices were trading firm on Wednesday on fresh capital inflows from foreign funds amid firming Asian markets.

Diesel Tanks India

The Bombay Stock Exchange's Sensitive Index, Sensex, moved higher by 0.64 per cent while the wide-based Nifty gained 0.53 per cent at 5128, above the psychologically important 5100 mark. Amongst the sectoral indices, BSE Auto Index was the top gainer up 1.15 per cent, BSE Oil and Gas Index advanced 1.10 per cent and BSE Consumer Durables Index moved 0.80 per cent higher. BSE IT Index (down 0.10 per cent) and BSE Banking Index (0.09 per cent) were trading in the negative zone.

Full Story: Sensex moves higher; auto, oil & gas gain - NDTV.com


Upstream Online

ONGC to invest $5.8 bn in FY11: Oil minister
Economic Times
NEW DELHI: India's state-run Oil and Natural Gas Corp (ONGC) plans to invest 265.23 billion rupees ($5.8 billion) in the 2010/11 financial year in ...
`Govt not planning to go for FPOs in ONGC, IOC now'Hindu Business Line
ONGC's crude production to marginally rise in 2011-12domain-B
ONGC Plans to Increase Spending 7.3% on Exploration, UpgradingBusinessWeek
Press Information Bureau (press release) -plastemart.com
all 25 news articles »


LIC Unit Plans and more information about LIC : LIC Unit Plans

Full Story: ONGC to invest $5.8 bn in FY11: Oil minister - Economic Times

State-owned refiner Indian Oil Corp (IOC) has tendered to buy one or more cargoes of crude oil for loading in May, a tender document showed on Monday.

Diesel Tanks India

The tender, issued on Friday, specified up to 88 crudes or combinations of crudes to be offered into the tender, which will close on March 10 and March 11 with validity until March 12. Traders said they expected news of the award on Friday. Most of the specified crude oil grades were Nigerian or Angolan. In the past IOC has tended to buy large volumes of West African crudes.

Full Story: IOC tenders to buy more crude oil for May - Moneycontrol.com

LONDON (Reuters) - State-owned refiner Indian Oil Corp (IOC) has tendered to buy one or more cargoes of crude oil for loading in May, a tender document showed on Monday.

Take care of your family Life insurance Nashik even after you are gone.

The tender, issued on Friday, specified up to 88 crudes or combinations of crudes to be offered into the tender, which will close on March 10 and March 11 with validity until March 12. Traders said they expected news of the award on Friday. Most of the specified crude oil grades were Nigerian or Angolan. In the past IOC has tended to buy large volumes of West African crudes.

Full Story: IOC tenders to buy more crude oil for May - Reuters India

On BSE, 26.39 lakh shares were traded in the counter as against an average daily volume of 10.38 lakh shares in the past two weeks.

Oil Tanks India manufacturing facility.

The stock hit a high of Rs 147.55 and a low of Rs 141.60 so far during the day. The stock had hit a 52-week high of Rs 194 on 5 June 2009 and a 52-week low of Rs 60.10 on 6 March 2009. The sale would help expansion plans at Essar, with $15 billion of revenues, controlled by brothers Shashi and Ravi Ruia. Essar has interests in telecoms - including a joint venture with Vodafone of the UK, as well as steel, power, oil refining and outsourcing, in countries from the US to Kenya and parts of Asia.

Full Story: Essar Oil spurts as group plans London listing - BloombergUTV

A pusher tug, a small barge that propels a bigger vessel, drowned in the Hooghly near Prinsep Ghat on Friday night, releasing oil into the river.

Attempts to salvage barge Bhagadutta , owned by the Assam government, might start from Monday, Calcutta Port Trust officials said. “The barge drowned near Prinsep Ghat and the Man o’ War jetty, upstream to Vidyasagar Setu. We have located the exact point of the wreck, which is away from the navigation channel,” said a port trust official.

Full Story: Oil spills as barge drowns - Calcutta Telegraph


Higher oil prices no reason for inflation
Economic Times
Even when oil hit a record $ 148/barrel in July 2008, US inflation (excluding energy and food) was just 2.5%, although fuel oil was up 61% and petrol 37.9%. ...

and more »


Manufacturer of Oil Tanks India.

Full Story: Higher oil prices no reason for inflation - Economic Times


FIASWI seeks relief in excise, customs duties on crude oil, filament yarn
Times of India
Industry experts said the basic customs duty of five per cent on the crude oil and 10 per cent excise duty on filament yarn will create a direct impact on ...

and more »


For LIC Policy in nashik and sorrounding areas see : LIC Polic\

Full Story:
FIASWI seeks relief in excise, customs duties on crude oil, filament yarn - Times of India

KUALA LUMPUR: Jemaah Islamiyah is believed to be the terrorist group planning the attacks on oil tankers along the Straits of Malacca.

Oil Tanks manufacturing facility, India.

An intelligence source here said it was most likely that the attacks would come from terrorists operating along Sumatra's coastline. "They will probably be using small boats or fishing vessels," said the source, adding that JI was still active in Southeast Asia despite several successful operations against them.

Full Story: On high alert for possible JI attacks on oil tankers - AsiaOne

From time to time, we will send you e-mail announcements on new features and special offers from The Wall Street Journal Online.

LIC Insurance plans here LIC Insurance Plans

NEW YORK (Dow Jones)--Crude oil rose to its highest level in seven weeks Friday as the U.S. reported fewer job losses than expected, offering encouragement in the economic recovery. Investors moved into oil on the expectation that fuel consumption will rise as economic growth picks up pace.

Full Story: OIL FUTURES: Oil At 7-Week High On US Employment Report - Wall Street Journal

ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), has made two significant oil discoveries in a block in north eastern Syria.

auto fuel tanks

OVL and its partner IPR Mediterranean Exploration Ltd discovered Rashid and Abu Khashab oilfields in Block-24, the company said in a statement here. Rashid-1 well, drilled up to 1,739 meters, tested oil at the rate of 1,343 barrels per day (bpd). The second discovery well Abu Khashab-1 penetrated Jeribe formation of Miocene age at 950 meters and tested oil with a rate of 900 bpd.

Full Story: OVL finds oil in Syria - The Hindu

New Delhi: State-owned oil firms will invest over Rs 77,500 crore for adding 44.2 million tonne of refining capacity by 2012, petroleum minister Murli Deora said in Lok Sabha on Thursday.

Corporates usually go for Group Scheme Nashik.

In a written reply, Deora said Indian Oil Corporation (IOC) is investing Rs 29,777 crore for building a new refinery at Paradip in Orissa with an annual production capacity of 15 million tonne. Bharat Petroleum Corporation’s joint venture is investing Rs 11,397 crore in a 6-million tonne unit at Bina in Madhya Pradesh, while Hindustan Petroleum Corporation is spending Rs 18,919 crore in building a nine-million tonne refinery at Bhatinda in Punjab. Besides, Mangalore Refinery is investing Rs 12,412 crore in expanding its 11.82-million tonne refinery to 15 million tonne. These and other capacity additions would raise India’s oil refining capacity to 153.832 million tonne by the end of the Eleventh Five Year plan ending in 2012 from 109.586 million tonne now, he said. Other capacity addition projects include Rs 2,869 crore expansion of IOC’s Haldia refinery by 1.5 million tonne to 7.5 million tonne and Panipat unit expansion to 15 million tonnes (from 12 million tonnes) at Rs 1,008 crore.

Full Story: PSU oil cos to invest Rs 77500 cr - Financial Express


PSU oil cos to invest over Rs 77500 cr on expansion: Deora
Economic Times
4 Mar 2010, 1747 hrs IST, PTI NEW DELHI: State-owned oil firms will invest over Rs 77500 crore in adding 44.2 million tonnes of refining capacity by 2012, ...
India offers partnership in Aramco refinery projectSteelGuru

all 6 news articles »


India auto diesel tanks manufacturer

Full Story: PSU oil cos to invest over Rs 77500 cr on expansion: Deora - Economic Times

NEW YORK: Crude oil traded near $81 a barrel after rising as a US government report showed that refinery operating rates climbed to the highest level since October, bolstering demand.

I know I can count on my LIC policy for life :)

  Oil rose to a seven-week high yesterday after the Energy Department report showed refinery utilization increased 0.7%age point to 81.9% in the week ended Feb. 26. Analysts surveyed by Bloomberg News forecast that there would be no change. Inventories of crude oil climbed 4.03 million barrels, more than three times what was estimated. Crude oil for April delivery traded at $80.94 a barrel, up 7 cents, in electronic trading on the New York Mercantile Exchange at 10:10 a.m. Sydney time. Yesterday, the contract increased $1.19, or 1.5%, to $80.87, the highest settlement since Jan. 11.

Full Story: Oil trades near $81 a barrel - BloombergUTV

NEW YORK, March 3 (Reuters) - U.S. crude oil stockpiles rose more thanforecast last week as imports were still rising while distillate fuelinventories fell, U.S. Energy Information Administration data showed onWednesday.

Manufacturer of Diesel Tanks India.

Commercial crude oil stockpiles in the United States increased by 4.1million barrels to 341.6 million barrels in the week ended Feb. 26, EIAreported. Industry group data on Tuesday also showed a larger-than-forecastrise. Analysts polled by Reuters earlier this week had projected crude oilinventories would show a build of 1.4 million barrels.

Full Story: U.S. crude oil stocks jump; distillates down - EIA - Reuters India

Press Trust of India, March 03, 2010 (Singapore) Oil fell in Asian trade on Wednesday as sentiment was dampened by a private report showing weaker US energy demand, analysts said.

For insurance agents in nasik LIC Agents Nashik.

New York's main contract, light sweet crude for April delivery was seven cents lower at USD 79.61 a barrel. The American Petroleum Institute (API), an industry group, said late Tuesday crude stocks in the country rose by 2.67 million barrels in the past week while gasoline reserves increased 909,000 barrels.

Full Story: Oil trades lower on weak US demand - NDTV.com

NEW YORK (CNNMoney.com) -- Oil climbed above $80 a barrel Tuesday as investor optimism about the economic recovery boosted fuel demand.

Oil Tanks India manufacturing facility.

What prices are doing: Light, sweet crude oil for April delivery gained $2.03, or 2.6%, to $80.73 a barrel. What's driving prices: Oil prices followed stocks higher Tuesday amid expectations that a rescue package for Greece is near.

Full Story: Oil rises amid a weaker dollar - CNNMoney.com

Agence France Presse, March 2, 2010 (Singapore) Oil prices bounced back in Asian trade on Tuesday but gains were limited as demand uncertainties and economic woes in the eurozone weighed on investors.

Take care of your family Life insurance Nashik even after you are gone.

New York's benchmark futures contract, light sweet crude for April delivery, added 10 cents to $78.80 a barrel. It had hit an intra-day high of $80.62 on Monday, the highest level since mid-January. "The market is looking for some guidance on fundamentals and we should be getting some data towards the end of the week, both in terms of economic growth and inventories," said Jason Feer, analyst with energy consultancy Argus Media.

Full Story: Oil stays above $78 in Asian trade - NDTV.com

PTI Although UPA constituents have also voiced a demand for a reversal of the oil price hike, the Prime Minister has stood firm.

Manufacturer of Diesel Tanks India.

Prime Minister Manmohan Singh on Monday ruled out rollback of petrol and diesel prices, saying the economy has the capacity to absorb the increase without triggering inflationary pressure. “Any increase in prices does hurt some people, but we have to take a long-term view,” he told reporters accompanying him on his way back home from Saudi Arabia.

Full Story: No rollback in oil prices: Manmohan - The Hindu


Budget winners: Oil & gas, banking and consumers
Economic Times
The budget indicates the government's intention to pay the oil subsidy only in cash and not in bonds, as was the practice till last year. ...
Budget to push up cost of offshore oil explorationBusiness Standard
Fiscal discipline plan could go awry if crude flares upFinancial Express
Aam admi cries, so do oil cosTimes of India
Hindustan Times -Reuters UK -Reuters India
all 42 news articles »




Full Story: Budget winners: Oil & gas, banking and consumers - Economic Times


Running empty, oil ministry may opt for partial freeing of prices
Economic Times
NEW DELHI: The hard line taken by the finance ministry against continuing fuel subsidy may force the oil ministry to implement the recommendations of the ...
Fiscal discipline plan could go awry if crude flares upFinancial Express
Aam admi cries, so do oil cosTimes of India
Deora welcomes union budget, justifies fuel price hikeHindustan Times
Reuters UK -Reuters India -Wall Street Journal
all 37 news articles »


Oil Tanks India manufacturing facility.

Full Story: Running empty, oil ministry may opt for partial freeing of prices - Economic Times