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India's HPCL aims to restart fire-hit gasoline unit by Sat NEW DELHI: India's Hindustan Petroleum Corp aims to restart a catalytic reformer (CCR) gasoline-making unit by Saturday following a minor fire caused by a leak, its head of refineries B.K. Namdeo told Reuters. HPCL's 166,000 barrels-per-day (bpd) Vizag refinery in southern India has one CCR and an isomerisation unit.The plant also has two naphtha hydrotreaters (NHT), each attached to the gasoline-making units of fluid catalytic cracker (FCC) and the CCR."There was a minor fire in one of the vessels of the CCR due to a flange leak. We had shut the CCR and attached NHT. The other units FCC-NHT and isomerisation were operational," Namdeo said. He said the company has already re-started the NHT that had been shut down. "Testing is now going on for the CCR, hopefully it would be started by tomorrow," he said, adding that there would be no impact on supplies.Namdeo said the fire was contained ...

Oil prices rebound in Asia SINGAPORE: Oil prices climbed in Asia Friday as news of a deal to end a strike at US refineries helped reverse losses that had been fuelled by another leap in US inventories.US benchmark West Texas Intermediate (WTI) rose 13 cents to $47.18 and Brent climbed 16 cents to $57.24 in afternoon trade.WTI sank $1.12 in New York and Brent tumbled 46 cents in London on Thursday after a government report showed surging US stockpiles, adding ...
Chinese, US power firms top inefficient coal plants list OSLO: Chinese and US firms generate the most electricity from inefficient coal-fired power plants that pump out more greenhouse gases and use more water than newer power stations, a study said on Friday. "There is a strong case for investors to evaluate the risk of companies exposed to the least efficient coal plants," said Ben Caldecott, lead author of the report and director of the Stranded Assets Programme at Oxford University.Chinese and US companies dominate ...
Brent holds above $57 on bargain hunting, weaker dollar SINGAPORE: Brent crude steadied above $57 a barrel on Friday on bargain hunting by investors, but gains were capped by a steadying dollar after its fall from multi-year highs on weaker US retail sales.Asian investors were also mulling the impact from a tentative deal that would end a strike by US refinery workers.Brent for April delivery was trading up 5 cents at $57.13 by 0318 GMT after ending the previous session down 46 cents. The ...
Oil prices higher in Asian trade SINGAPORE: Oil prices inched higher in Asia Thursday but gains were capped as dealers fretted over an over-supplied global market after US crude reserves once again swelled to a record high.US benchmark West Texas Intermediate rose 15 cents to $48.32 while Brent crude rose 56 cents to $58.10 in afternoon trade.The US Department of Energy said Wednesday crude oil inventories surged by 4.5 million barrels in the week to March 6 to 448.9 million, the ...
Middle East Crude: Shell's purchases support Dubai SINGAPORE: The Middle East crude market stayed firm on Tuesday, supported by Shell's purchases on the window.The oil major was the sole buyer of the 20 Dubai partials traded. Sellers include Vitol, Gunvor, Trafigura, Unipec and Chinaoil. Shell will take delivery of two Upper Zakum cargoes from Chinaoil.Cash Oman also strengthened after Vitol purchased two partials from Shell.Sri Lanka's Ceylon Petroleum Corp (Ceypetco) is seeking Das Blend crude for the first time as it tries ...
Oil prices mixed in Asian trade SINGAPORE: Oil prices were mixed in Asia Tuesday as dealers weighed a strengthening US dollar with ongoing geopolitical tensions in the crude-rich Middle East, analysts said.US benchmark West Texas Intermediate gained one cent to $50.01 while Brent eased eight cents to $58.45. Singapore's United Overseas Bank said oil remained under pressure as a stronger US dollar was "offsetting geopolitical tensions and the threat of output cuts in Libya and Iraq". The greenback has soared after ...


Index Closing Chg%
Arrow DJIA 17,698.18 0.44
Arrow Nasdaq 4,880.23 0.42
Arrow S&P 2,059.69 0.40
Arrow FTSE 6,809.50 0.54
Arrow DAX 12,001.38 0.2
Arrow CAC-40 5,062.22 0.57
Arrow Nikkei 19,034.84 0.90
Arrow H.Seng 25,082.75 0.73
Arrow Sensex 28,260.14 1.08

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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 20, 2015
Reserves $16.132 bln