Global Crude oil price of Indian Basket was US$ 55.33 per bbl on 01.03.2017
Global Crude oil price of Indian Basket was US$ 55.33 per bbl on 01.03.2017
The
international crude oil price of Indian Basket as computed/published today by
Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and
Natural Gas was US$ 55.33 per barrel (bbl) on 01.03.2017. This was higher than
the price of US$ 54.85 per bbl on previous publishing day of 28.02.2017.
In rupee terms, the price of Indian Basket increased to Rs. 3698.40
per bbl on 01.03.2017 as compared to Rs. 3660.78 per bbl on 28.02.2017. Rupee closed weaker at Rs. 66.85 per
US$ on 01.03.2017 as compared to Rs. 66.74 per
US$ on 28.02.2017. The table below gives details in this
regard:
|
Particulars
|
Unit
|
Price
on March 01, 2017 (Previous trading day i.e. 28.02.2017)
|
Pricing
Fortnight for 01.03.2017
(Feb
14, 2017 to Feb 24, 2017)
|
|
Crude
Oil (Indian Basket)
|
($/bbl)
|
55.33
(54.85)
|
54.93
|
|
3698.40
(3660.78)
|
3677.56
|
||
|
Exchange
Rate
|
66.85
(66.74)
|
66.95
|
***********************
Visit of Petroleum Minister to USA
Shri Pradhan to deliver keynote
speech at MIT Energy Conference on “Balance of Power – Changing Energy
Paradigm” in Boston
Minister to participate in annual
CERA Week; To have b/l meetings with visiting Petroleum Ministers
To showcase India’s Hydrocarbon
sector and policy reforms at the World’s largest Hydrocarbon Conference (CERA
Week)
Minister of State (I/C) for Petroleum
and Natural Gas, Shri Dharmendra Pradhan will be visiting Boston and
Houston, USA from 3-7 March 2017 along with a delegation comprising
CEOs of Public Sector Oil and Gas companies.
During his visit to Boston
from 3-4 March, Shri Pradhan will deliver a keynote speech
at the Massachusetts Institute of Technology (MIT) Energy Conference on the
theme Balance of Power-the Changing Energy Paradigm. He will address to
students at Harvard Kennedy School on the subject India’s Petroleum and Natural
Gas Policy. At Fletcher Energy and Environment Club of Tufts
University, Shri Pradhan will interact with students on
Challenges in Petroleum and Natural Gas sector in the context of Paris
Agreement and India's commitment on climate change. He will also be meeting the
Mayor of City of Boston and interact with Indian community.
The Minister will also participate in
the annual CERA Week – International Conference on Oil and Gas from 5-7
March. At the Conference he will be speaking at the Ministerial Plenary
and in several other platforms. Shri Pradhan is scheduled to
have several bilateral meeting with visiting Petroleum Ministers, including
from Canada, UAE, Israel, USA, Nigeria, Saudi Arabia, Russia and also Secretary
General of International Energy Agency (IEA). He will also be meeting and
exchanging views with renowned experts from hydrocarbon sector, including Dr
Daniel Yergin and Mr Bob Dudley, Group Chief Executive of BP. During
his stay in Houston he will interact with Indian origin scientists and CEOs
working in the oil and gas sector and Indian community members.
Petroleum Minister will showcase India’s
hydrocarbon sector and the recent policy reforms under leadership of Prime
Minister Narendra Modi at CERA Week, which is world’s largest hydrocarbon
conference. He will interact with Ministers, policy makers, technologists,
scientists, planners and management experts, entrepreneurs, service providers
and vendors in order to attract investment into India’s growing oil and gas
sector.
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