wood mackenzie

 

U.S. oil reserve release will not guarantee lower pump prices: Analysts

Aug 10 2018

American drivers are unlikely to see prices at the pump fall if the Trump administration releases crude from the Strategic Petroleum Reserve (SPR) because U.S. oil production already is sky high, analysts said.

Global solar forecasts lowered as China cuts support policies

Jun 07 2018

China’s unexpected move to slash incentives for solar power has sent stocks into a free fall and prompted analysts to lower forecasts for global installations this year.

Inpex may drop second bid for Iran's Azadegan oil project

May 10 2018

Japan’s biggest energy explorer, Inpex Corp said it may drop its second attempt to join in developing Iran’s South Azadegan oilfield after Trump said he will re-impose sanctions on Tehran.

Asia's 2018 refined oil product demand to rise 2 pc: Woodmac

Jan 30 2018

Asia’s fuel demand will grow by 2 percent in 2018 as the region’s economies expand at a healthy level, forcing refiners to upgrade and install new capacity.

Canada oil producers exhaust options as pipelines, railroads fill

Dec 18 2017

Canadian oil producers are running out of options to get crude to market and rail capacity fills up, driving prices to four-year lows and increasing the risk of firms.

GST lifted oil demand on higher vehicle sales, says report

Nov 16 2017

The introduction of GST has lifted oil demand in India this year on higher sales of conventional passenger cars and utility vehicles, Wood Mackenzie said.

Norway remains among world's top 10 places to discover oil

Oct 12 2017

Norway remains among the top 10 places to find oil worlwide, with Arctic region still having much potential despite recent disappointing exploration results.

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Global Markets

 

Stocks In News

 

BHARTI AIRTEL

Aircel moves SC to make Airtel clear dues

Alleges that the co withholding Rs453 Cr of bank guarantees paid on its behalf

Bank guarantees have lapsed and Aircel wants Airtel to pay the money

Alleged that Airtel is trying to usurp the sum

Aircel says without the money it may get liquidated

ET reports

MAX INDIA

Bain joins KKR in race for Max Healthcare stake

PE firms look to buy 47% stake from Life Healthcare for $450-540 Mn

ET reports

NAVNEET EDUCATION

To decide on buy back of shares on Aug. 20

JET AIRWAYS CLARIFIES

Co planning $400 Mn stake sale is speculative in nature

Jet Auditor BSR may quit if issues are not resolved is factually incorrect

Have been pro-actively working on multiple revenue enhancements

Evaluating various funding options to meet liquidity requirements on priority

Relationship with Etihad Airways very strong

No delays in discharging any loan obligations to any of the lenders

Default status in tabular statement only due to technical errors, rectified now

Clarifies that reports of stake sale are purely speculative

Also Clarifies that rumors of auditor quitting if issues not solved are factually incorrect

Seeks lenders help in bid to avoid default

Airline wants waiver of loan covenant on existing debt facility of $185mn

Co has to repay or refinance at least $500mn of existing debt to avoid default

Told lenders it won’t be able to meet min $50mn profit condition for FY19

Consortium of lenders yet to decide on Jet’s request

Airline’s total debt was Rs 9430 Cr as on 31st March 18

Mint reports

NSE TO JET AIRWAYS

Have noticed a difference in your responses dated August 9 & 10

Clarify whether mgmt extension from audit committee as per Aug 10 response

Or did Audit Committee not recommend results to board as per Aug 9 response?

In Aug 10 response, details of "Certain Matters Not Closed" not provided

Provide exact reasons for which audit committee has not approved results

Again ask you to give us date when board meet to consider results will be held

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