Asia
Monday, 15 April 2013 16:29
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NEW DELHI: Indian GAIL wants to boost its liquefied natural gas (LNG) portfolio to 20 million tonnes a year in the next seven years through acquisitions and supply deals so that it can beef up trading of the super-cooled gas, Chairman B.C. Tripathi said.Tripathi's comments to Reuters in an interview late last week mark the first time GAIL (India) Ltd has detailed its long-term LNG goals and show how the state-run pipeline monopoly is diversifying its business mix to gain from a surge in demand for the cleaner fuel at home and overseas.The first Indian firm planning to carve a niche in LNG trading, GAIL has already tied up supplies for nearly 15 million tonnes a year. But supply agreements on some of that capacity is set to expire in the next few years, meaning it will have to strike fresh deals to replace that."Overall (in its) portfolio, GAIL will ...
SINGAPORE: Brent futures fell more than $1 towards $101 a barrel on Monday, staying close to a nine-month low hit earlier in the day, after bleak Chinese and US data stoked worries of a slowdown in economic growth in the world's top oil consumers.China's economic recovery unexpectedly stumbled in the first three months of 2013, with the annual rate of growth easing to 7.7 percent from 7.9 percent in the final quarter of last year. ...
SINGAPORE: Oil prices fell sharply in Asian trade Monday after China's first-quarter economic growth came in below forecasts, with sentiment also weighed by forecasts of weaker global demand.New York's main contract, light sweet crude for delivery in May dropped $2.55 to $88.74 a barrel and Brent North Sea crude for May shed $2.04 to $101.07 in afternoon trade."China's GDP that came in slightly below expectations is having a negative impact on oil prices," Jason Hughes, ...
SINGAPORE: Oil prices fell sharply in Asian trade Monday after China's first quarter economic growth came in below expectations, with sentiment also weighed by forecasts of weaker global demand.New York's main contract, light sweet crude for delivery in May dropped $1.63 to $89.66 a barrel and Brent North Sea crude for May shed $1.39 to $101.72 in mid-morning trade."China's GDP that came in slightly below expectations is having a negative impact on oil prices," Jason ...
DUBAI: Iran wants oil prices to stay above $100 a barrel, its oil minister said on Sunday after crude touched nine-month lows near $101 on Friday and ahead of OPEC's next meeting on May 31. "An oil price below $100 is not reasonable for anyone," Rostam Qasemi said. A broad sell-off in commodities saw Brent crude contracts fall from around $106 a barrel on Wednesday to a close of $103.11 on Friday.Fellow OPEC member Saudi ...
TOKYO: The dollar was lingering just below the 100 yen level in Asian trade on Thursday as the Japanese unit resisted further losses following last week's huge stimulus from the Bank of Japan.The dollar was quoted at 99.56 yen in Tokyo afternoon trade against 99.76 yen in New York Wednesday afternoon. The euro slipped to 130.07 yen against 130.26 yen while edging down to $1.3061 from $1.3068.The greenback temporarily climbed to 99.87 yen in early ...
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