July 23, 2019: During the refining process, the yields are broadly classified as distillates and residue. The more the distillates, the higher the refining margins. Crude Oils which yield higher distillates are priced high. Also, refineries with increased severity and complex secondary processing units will have higher distillates yield. Click column Special Database for the distillate yield of PSU refineries. 

July 22, 2019: Strait of Hormuz which lies between Oman and Iran is strategically an important point for the oil trade between the oil rich Gulf nations and their buyers from rest of the world. The rising tensions in the regions pose a serious supply threat to the countries such as India, China, Japan, South Korea and other Asian nations. These countries account for more than 80% of the crude trade shipped through the Strait. Click column Special Database for details.

July 19, 2019: Before India went in for competitive bidding for awarding exploration acreages, it had a system of awarding blocks on nomination basis. These blocks were given essentially to PSU oil companies. These nomination blocks are still being operated. ONGC is operating 9 PEL and 334 PML blocks covering an area of about 94,358 sq. Km. Oil India Ltd is operating 3 PEL and 22 PML under nomination regime covering an area of 5,158 square Kilometres. Click column Special Database for basin-wise details of PEL/PML operated by ONGC and OIL.

July 10, 2019 | Modi Govt Gets Ready To Step On The Gas: Indian Prime Minister Narendra Modi is not known to be a believer in the institution of Committees. He opts for it only when he is serious about getting the advice of experts on issues he is keen to act. LPG is top on his agenda, not LPG coverage as such but affordable price. His government is keen to raise competition in LPG. Middle East is the cheapest producer of LPG. Middle East majors such as Aramco and Adnoc have a great strategy for the Indian market. Their preference too is for LPG. The Committee appointed by Modi will advise on liberalising the government policies for private participation in LPG marketing. RIL is already getting ready to enter LPG marketing. Indian oil PSUs must be having anxious days. Click Free Access column Petro Intelligence for a comprehensive story.