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India scrambles to reduce oil bill inflated by sinking rupee

The oil minister is grasping at desperate measures to cut the country's oil costs by nearly $20 billion after the rupee's slide to record lows has left India facing an oil bill potentially 50......

Iran crude exports rise to highest since EU sanctions

Iran's crude oil exports in December leapt to their highest level since European Union sanctions took effect last July, analysts and shipping sources said, as strong Chinese demand and tanker fleet......
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Asia oil refining margins hit 2015 low, Mideast supply to drag

* Refining margins to drop 20-30 percent in Q3 -consultancies * Gasoline demand to remain firm, but supplies to weigh * New refining capacity... ...
Asia oil pricing change to raise trade volumes

* Traders will not have to name port when bidding or offering * Move expected to increase liquidity - traders * Traders reluctant to lease... ...
China's sagging diesel demand finds hope in e-commerce boom

* Diesel demand hit as China's heavy industry, coal mining slows * But peak consumption delayed on more e-commerce delivery trucks * China to... ...
European oil 'mini-major' challenges industry's old model

* Varo Energy's refining-storage-retail model mimics oil majors * Sees itself as more efficient 'mini-major' * Top oil companies are retreating... ...
Mideast oil powers Saudi Arabia, UAE to cut gasoline imports

* Saudis, UAE to cut gasoline imports as refining capacity grows * Shrinking OECD refining capacity to replace some import demand * Asian... ...

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Coming to India and making

Success in manufacturing is not just about being cheap - cheap labour, cheap land, cheap power...
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