Nov 21: 8India's imports of African crude oil in October plunged to their lowest in over four years, with the world's No.3 oil consumer increasingly turning to cheaper supplies from the United States and heavier Middle Eastern grades, ship tracking data showed. U.S. crude production has soared more than 14 percent since mid-2016 to 9.65 million barrels per day (bpd), altering trade routes as its relatively cheap and light grades become a viable import option for Asian refiners. Click on Report for more.
8In the light of tightening global oil supplies, as well as market jitters following the arrest of 11 Saudi princes and other key officials in early November, a key business intelligence agency has raised the forecast for the price of dated Brent Blend to US$59/barrel in 2018 (US$54/b previously), from an estimated US$54.9/b in 2017 (US$53/b previously). Click on Report for more.
8Get the latest update from the government on what is happening with OVL and OIL and their investments in Venezuela. Click on Report for more.
8Find out more on why GAIL's petrochemical segment may end up with a loss despite very high capacity utilization levels. Click on Report for more.
8An Indian company is a market leader in steam turbines up to a range of 100 MW. Find out more about how it has reached that position. But orders are down 15% from what they were last year. What does that point to? Click on Report for more.

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