Analysts said raising of bets by participants kept crude prices higher in futures trade here.
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On the Multi Commodity Exchange, crude oil for delivery in November dropped by Rs 16, or 0.42 per cent, to Rs 3,794 per barrel.
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IOC, HPCL and BPCL had earlier this month threatened to snap aviation turbine fuel (ATF) supplies to Air India at six major airports over payment delays.
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"Our discussions with Sitharaman were extremely candid and positive, building upon some extremely positive reforms that the government has undertaken in six months," said USISPF President Mukesh Aghi.
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Consumption of fuel, a proxy for oil demand, totalled 16.01 million tonnes - its lowest since July 2017 - down about 0.3 per cent compared with the same month last year.
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India’s coal demand to rise more than 21 per cent from current levels to 1.2 billion tonnes in 2023, says Joshi.
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The multi-million-dollar deal will focus on IT infrastructure and cloud services that will support Equinor in enabling an efficient workplace.
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The memorandum of understanding (MoU), signed late Monday, will be later signed as a definitive deal after Exxon studies the blocks of the company.
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