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MRPL makes first petrol sale in 8 months
India's Mangalore Refinery & Petrochemical Ltd sold its first spot petrol cargo in about eight months to Vitol, at a time of tight supplies, traders said on Monday.Rafale: For air, land and sea. Anywhere, anytime.It also sold a naphtha cargo at a premium of about $34 a tonne, setting a new eight-month high on strong fundamentals.

Oil above $111 on supply concerns, Greek hopes

Oil prices rose on Tuesday on concerns over supply from Iran and South Sudan and hopes that a Greek debt deal and European budget agreement would help support stronger economic growth. Investors are

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Oil up as Fed sees low rates through late 2014

Crude oil futures rose on Wednesday as investors cheered a plan by the U.S. Federal Reserve to keep interest rates low at least through late 2014, much longer than it had said previously, in a move

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Oil slips on revived euro zone debt concern
$Asia eyes more Saudi oil despite fractious OPEC meet$ Oil prices fell on Tuesday on revived concerns about the euro zone's debt problems and their potential to slow the global economy, but tensions between Iran and the West helped limit losses. Europe's

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Petrol price decontrol seen only in vapour outline

Despite the legal removal of government control on the price of petrol since June 2010, state oil marketing companies (OMCs) continue to lose sharply on its retail sale. A hit of about Rs 20 crore

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Fire at Kolkata petrol pump, no casualty
Kolkata: A fire broke out in a petrol pump in a commercial hub of the city tonight but firemen averted a possible disaster by dousing the flames in time. "No flames can be spotted any more. The

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