Crude Oil
Econ panel: No need to raise local fuel prices
International crude prices will remain in the range of $70 to $75 a barrel, the government does not need to raise fuel prices.
However, the global crude oil prices is expected to be around $70 to $75 per barrel but if prices increase beyond that consistently, then the numbers will have to change.
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Oil falls below $67 on weak US consumption
In the midst of slow global economic revival, oil prices slipped below $67 a barrel in Asia on investor concerns that crude demand will remain less. However, by midday in Singapore in electronic trading on the New York Mercantile Exchange, the standard crude for September delivery was down 59 cents to $66.92 a barrel whereas [...]
Cairn to start oil production from Rajasthan in August
Helping the energy-deficit nation cut imports, Cairn India will commence crude oil production from its Rajasthan desert field of Mangala in August. Therefore, more than six decades after India gained independence from the British raj, a unit of UK’’s Cairn is helping the one billion nations boost its oil production of around 680,000 barrels per [...]
