Posts Tagged “Crude Oil”

China consumer inflation quickens

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China consumer inflation quickens

China’s consumer inflation quickened in January due to holiday effects, while prices at factory gates rose faster than expected following soaring oil and gas prices, official data showed Tuesday. The consumer price index , a main gauge of inflation, grew 2.5 percent year on year last month, fractionally above market expectation of 2.4 percent, the…

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Shell sells North Sea old fields to rival group

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Shell sells North Sea old fields to rival group

Ten Shell-owned oil fields in the North Sea will go to smaller rival group Chrysaor under the deal, reducing the anglo-dutch energy giant’s output by over half. Some 400 employees are expected to transfer to Chrysaor. The transaction, which is still subject to regulators’ approval, is slated for completion in the second half of 2017….

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Chevron says to give CEO fewer stock options

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Chevron says to give CEO fewer stock options

REUTERS: Oil and natural gas producer Chevron Corp said it would give its top executive fewer stock options after shareholders expressed concern about executive pay.Oil companies have been restructuring pay packages of their top management after a two-year-long slump in oil prices eroded profitability.Chevron said on Monday the average support from shareholders for the company’s…

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Oil PSUs to invest over Rs 1.4 tn in Andhra by FY22: Pradhan

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Oil PSUs to invest over Rs 1.4 tn in Andhra by FY22: Pradhan

Visakhapatnam, Jan 27 Major oil public sector units are planning to invest over Rs 1.43 lakh crore in Andhra Pradesh in coming years which would create jobs for thousands of people in the state, Oil Minister Dharmendra Pradhan said today. He said that the investment will start from 2017-18 and all the investment will be…

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Easing demand drags down refined soya oil futures by 1.59%

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Easing demand drags down refined soya oil futures by 1.59%

New Delhi, Jan 27 Refined soya oil prices dropped by 1.59 per cent to Rs 701.50 per 10 kg in futures trade today as participants reduced their positions, driven by easing demand at the domestic spot market against ample stocks position. At the National Commodity and Derivatives Exchange, refined soya oil for delivery in March…

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Japan reports 1st trade surplus in 6 years on cheaper oil

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Japan reports 1st trade surplus in 6 years on cheaper oil

Tokyo, Jan 25 Japan reports that it posted a trade surplus in 2016, the first in six years, as lower oil prices pulled imports lower. The 4.1 trillion yen surplus compared with a 2.8 trillion yen deficit in 2015. Exports fell 7.4 per cent from a year earlier while imports dropped 16 per cent. Japan’s…

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Crude palm oil futures up 0.92% on spot demand

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Crude palm oil futures up 0.92% on spot demand

New Delhi, Jan 24 Crude palm oil prices were up by 0.92 per cent at Rs 595 per 10 kg in futures trade today as traders created fresh positions supported by pick up in demand at the spot market amid firm global cues. Further, restricted supplies from the producing belts also supported the uptrend in…

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Mentha oil up 0.33 pc in futures trade on pick-up in demand

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Mentha oil up 0.33 pc in futures trade on pick-up in demand

New Delhi, Jan 24 Mentha oil prices were up 0.33 per cent to Rs 1,012.60 per kg in futures market today as participants raised their holdings on the back of pick-up in spot demand from consuming industries. Besides, tight stocks position following restricted arrivals from major producing belts of Chandausi in Uttar Pradesh also provided…

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Big Oil back on the acquisition trail as outlook brightens

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Big Oil back on the acquisition trail as outlook brightens

LONDON: The world’s top oil companies are back in acquisition mode, targeting smaller exploration and development firms to boost oil and gas reserves rather than the mega-mergers that followed previous slumps in crude prices.Since late November, major oil companies have announced 11 deals worth more than US$500 million each with a combined value of US$31…

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Big Oil back on the acquisition trail as outlook brightens

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Big Oil back on the acquisition trail as outlook brightens

LONDON: The world’s top oil companies are back in acquisition mode, targeting smaller exploration and development firms to boost oil and gas reserves rather than the mega-mergers that followed previous slumps in crude prices.Since late November, major oil companies have announced 11 deals worth more than US$500 million each with a combined value of US$31…

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