Global Crude oil price of Indian Basket was US$ 46.75 per bbl on 14.06.2016
Global Crude oil price of Indian Basket was US$ 46.75 per bbl on
14.06.2016
The international crude oil price of Indian Basket as computed/published
today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of
Petroleum and Natural Gas was US$ 46.75 per barrel (bbl) on 14.06.2016. This
was lower than the price of US$ 47.46 per bbl on previous publishing day of
13.06.2016.
In rupee terms, the price of Indian Basket decreased to Rs. 3139.67 per
bbl on 14.06.2016 as compared to Rs. 3183.17 per bbl on 13.06.2016. Rupee
closed weaker at Rs. 67.15
per US$ on 14.06.2016 as against Rs 67.07 per US$ on 13.06.2016. The table
below gives details in this regard:
|
Particulars
|
Unit
|
Price
on June 14,2016
And
Previous day price
|
Pricing
Fortnight for 01.06.2016
(12 May, 2016
to May 27, 2016)
|
|
Crude Oil (Indian Basket)
|
($/bbl)
|
46.75 (47.46)
|
46.17
|
|
3139.67
(3183.17)
|
3098.47
|
||
|
Exchange Rate
|
67.15 (67.07)
|
67.11
|
Daily Crude Oil
Price- 15.06.2016
****************
Global Crude oil price of Indian Basket was US$ 47.46 per
bbl on 13.06.2016
The international crude oil price
of Indian Basket as computed/published today by Petroleum Planning and Analysis
Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 47.46 per
barrel (bbl) on 13.06.2016. This was lower than the price of US$ 48.41 per bbl
on previous publishing day of 10.06.2016.
In rupee terms, the price of Indian
Basket decreased to Rs. 3183.17 per bbl on 13.06.2016 as compared to Rs.
3233.64 per bbl on 10.06.2016. Rupee closed weaker at Rs 67.07 per US$ on 13.06.2016 as against
Rs 66.79 per US$ on 10.06.2016. The table below gives details in this regard:
|
Particulars
|
Unit
|
Price
on June 14,2016
And
Previous day price
|
Pricing
Fortnight for 01.06.2016
(12 May, 2016
to May 27, 2016)
|
|
Crude Oil (Indian Basket)
|
($/bbl)
|
47.46 (48.41)
|
46.17
|
|
3183.17
(3233.64)
|
3098.47
|
||
|
Exchange Rate
|
67.07 (67.79)
|
67.11
|
Rk Daily Crude Oil Price- 14.06.2016
************
Petroleum Minister Shri Dharmendra Pradhan to visit St Petersburg to represent India at the St Petersburg International Economic Forum
The Minister of State (I/C) for Petroleum and Natural Gas Shri Dharmendra Pradhan will be visiting St Petersburg, Russia from 16-17 June 2016 to represent India at the St Petersburg International Economic Forum (SPIEF). SPIEF is an annual international conference dedicated to economic and business issues. It attracts over thousands of participants, including political and business leaders, leading scientists, public figures, and members of the media from all over the world. The Forum mainly discusses the most pressing issues facing Russia and the world.
During his visit to St Petersburg, Sh Pradhan will be meeting his Russian counterpart Mr Alexander Novak and CEOs of Rosneft, Gazprom, Gazpromneft, Lukoil and Novatek. He will also participate in a panel discussion on the subject ‘New Global Petroleum Market Realities’. The visit will provide an opportunity to discuss bilateral relations particularly in the field of hydrocarbon sector between India and Russia.
Both countries enjoy a Special Privileged Strategic Partnership and cooperation in the field of hydrocarbon sector which is one of the key areas of this time tested partnership. During the visit of Hon’ble Prime Minister to Moscow in December 2015, both countries had agreed to further enhance cooperation in the oil and gas sector. As a result of this, ONGC Videsh Ltd (OVL) and Rosneft completed all formalities for acquisition of 15% stake by OVL in Vankorneft, which is a subsidiary of Rosneft. The deal is another effort in augmenting oil security for the country.
During his visit to St Petersburg, Sh Pradhan will be meeting his Russian counterpart Mr Alexander Novak and CEOs of Rosneft, Gazprom, Gazpromneft, Lukoil and Novatek. He will also participate in a panel discussion on the subject ‘New Global Petroleum Market Realities’. The visit will provide an opportunity to discuss bilateral relations particularly in the field of hydrocarbon sector between India and Russia.
Both countries enjoy a Special Privileged Strategic Partnership and cooperation in the field of hydrocarbon sector which is one of the key areas of this time tested partnership. During the visit of Hon’ble Prime Minister to Moscow in December 2015, both countries had agreed to further enhance cooperation in the oil and gas sector. As a result of this, ONGC Videsh Ltd (OVL) and Rosneft completed all formalities for acquisition of 15% stake by OVL in Vankorneft, which is a subsidiary of Rosneft. The deal is another effort in augmenting oil security for the country.
Sh Pradhan will be accompanied by senior officials from his Ministry and CMDs of Central Public Sector Oil and Gas companies. Delegations from DIPP and leaders of Indian business community will also be participating at SPIEF.
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