BPRL had in August 2008 bought a 10 per cent stake in Area-1 Offshore of the Rovuma Block from the US energy major Anadarko Petroleum Corp for USD 75 million.
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Brent crude settled at $42.43 a barrel, up 51 cents, or 1.22%. U.S. West Texas Intermediate settled at $40.60 a barrel, rising 35 cents, or 0.87%.
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Brent crude fell 32 cents, or 0.7%, to $41.60 a barrel by 0915 GMT. U.S. West Texas Intermediate was at $39.89 a barrel, down 36 cents or 0.8%.
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Brent crude was down 4 cents at $41.90 a barrel by 0635 GMT, while U.S. West Texas Intermediate (WTI) crude dropped 8 cents to $40.23.
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India went on a buying spree in 2019 as refineries upgraded to produce cleaner fuels, causing the country's monthly gasoline imports to hit an all-time high of about 410,000 tonnes in September last year
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India's economy contracting by a record 23.9% in the June quarter due to COVID-19, a delayed sale of BPCL could hinder the government's ability to generate funds for stimulus efforts aimed at restoring growth.
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Brent crude futures fell 21 cents, or 0.5%, to $41.56 a barrel by 0922 GMT, while U.S. West Texas Intermediate (WTI) crude futures dropped 26 cents, or 0.7%, to $39.67 a barrel.
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Of the 52 new plants being built globally at least 33 are behind schedule, while not a single new project came online in the first half of 2020, the report said.
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Authorities in the United States and Brazil are investigating improper payments to officials at Petrobras, Brazil's state-run oil company, as part of Brazil's far-reaching corruption probe, known as Car Wash.
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Brent crude fell 1 cent to $41.71 a barrel by 0818 GMT, paring an earlier 1.2% drop. U.S. West Texas Intermediate crude was unchanged at $39.80.
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