Bharat Petroleum Corp Ltd plans to start a trading office in Singapore in the near future to procure crude for its refineries and trade oil products, its head of refineries, R. Ramachandran, said late on Wednesday. “We will open office in the near future,” he said, without specifying a timeline. However, a company source, who […]
Day: April 19, 2018
Entities with sufficient funds, ability to run Air India can bid: Finance Ministry
Any entity having adequate finances and ability to run Air India can bid for 76 per cent stake in the national carrier, DIPAM (Department of Investment and Public Asset Management) secretary Neeraj Gupta said today. The government had last month floated a preliminary information memorandum inviting bidders to buy 76 per cent stake in loss-making […]
Oil soars to 3-yr high as Saudi withholds supply, seeking $80-100 a barrel
Oil prices on Thursday remained close to late 2014-highs reached in the previous session as US crude inventories declined and as top exporter Saudi Arabia pushes for prices of $80 to $100 per barrel by continuing to withhold supplies. Brent crude oil futures were at $73.82 per barrel at 0325 GMT, up 34 cents, or […]