India to seek reasonable price for crude oil from Saudi Arabia: Pradhan

Aramco for more stakes in refineries

Pradhan said India has been asking the Organisation of the Petroleum Exporting Countries (Opec) to stop charging a premium from its Asian buyers. The minister also offered Saudi Arabia stake in the second phase of India's strategic petroleum reserve expansion programme, news agency Reuters reported. "But we don't know when and we don't know how", he said. We also discussed storage facility. State-run Indian Oil, Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) are partners in the 60 million tonnes and adjacent petrochem complex.

Of the two refineries under question, the first is the proposed Rs 1.8 lakh crore refinery complex in Maharashtra - which when finished will be the largest in the country.

Asia has become the biggest and most important buyer of crude oil from Saudi Aramco and the oil company wants to secure Asian markets for the long term as it faces competition from suppliers such as Russian Federation and the United States.

India is building a six-million-ton strategic oil reserve.

Urban Outfitters (URBN) Stock Rating Reaffirmed by SunTrust Banks
British Columbia Investment has invested 0.05% in Fastenal Company (NASDAQ:FAST). (NASDAQ:URBN) or 103,071 shares. (NASDAQ:URBN). The apparel retailer reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.08.

PyeongChang Olympics Medal Count: Dominant Norway On the Brink of History
Meyers Taylor and Kaillie Humphries of Canada are also the only women in the world who have won three Olympic bobsled medals. Germany was in front until the final leg when Simon Schempp missed four of eight shots and had to do a penalty lap.

Selway Asset Management Lowers Stake in American Express (AXP)
In related news, insider James Peter Bush sold 12,789 shares of the firm's stock in a transaction dated Tuesday, January 2nd. The shares price showing change of -1.97% so far this year and performed with flow of 21.90% during recent year.

It had previously been interested in sett9ing up new greenfield refineries in India but none of the interests materialised. The Indian Oil Corp (IOC) set up the refinery on its own thereafter.

Saudi Arabia's Minister of Energy, Industry & Mineral Resources, H.E. Khalid Al Falih, was presented with the "International Oil Diplomacy Person of the Year 2017" Award at the Energy Institute's International Petroleum (IP) Week on February 22nd in London.

The prestigious Award, which is presented annually by the U.K.'s Energy Institute and Gulf Intelligence, is also in recognition of the leadership displayed by H.E. Al-Falih in guiding some 20 producing countries from around the world to find common objective in cooperation to reach over 100% compliance with cuts and extend the oil supply pact for a second year through to the end of 2018. Also 25 per cent of LPG also comes from the Gulf nation.


  • 22 soldiers killed as Taliban hit Afghan Army camp

    22 soldiers killed as Taliban hit Afghan Army camp

    The bombing took place in an area near an Afghan spy agency facility as well as the U.S. Earlier reports said 1 has been killed and 6 others were wounded in the attack .

    Madison Investment Holdings Inc. Lowers Stake in JM Smucker Co (SJM)

    Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America. Following the sale, the senior vice president now directly owns 23,452 shares of the company's stock, valued at $2,916,490.72.
    Bank with Colorado branches, Enterprise Rent-A-Car discontinue promotions for NRA members

    Bank with Colorado branches, Enterprise Rent-A-Car discontinue promotions for NRA members

    Both have in the past offered discounts to NRA members, and both took to social media this week to deny they do so anymore. But the Washington Post reports that a spokesman with the state pension fund said that is unlikely to happen anytime soon.
  • Russian Bobsledder Disqualified For Doping, Court Says

    Russian Bobsledder Disqualified For Doping, Court Says

    Time and again the International Olympic Committee has followed due process in cases involving the doping of athletes. As of Friday, and as OAR, Russians have won 14 medals: one gold ( figure skating ), five silver and eight bronze.
    Second body found in burned Ironwood building

    Second body found in burned Ironwood building

    Two buildings in downtown Ironwood were badly damaged or destroyed early Wednesday, including one with apartments on two floors. The names of the three individuals who died in a fire on Wednesday have been released by the Ironwood Public Safety Department.

    Acadia Realty Trust Reveals Advance In Q4 Profit

    ValuEngine raised First Industrial Realty Trust from a "hold" rating to a "buy" rating in a report on Wednesday, November 15th. AKR traded at an unexpectedly high level on 02/22/2018 when the stock experienced a 3.41% gain to a closing price of $23.37.
  • Q3 2018 EPS Estimates for Schlumberger Limited. Increased by Analyst (SLB)

    Finally, National Asset Management Inc. increased its holdings in shares of Schlumberger by 5.8% during the 2nd quarter. Roundview Capital Limited Liability Corporation has invested 0.2% of its portfolio in Schlumberger Limited (NYSE:SLB).
    Today at PyeongChang 2018

    Today at PyeongChang 2018

    One of the medallists was cross-country skier Dario Cologna, who led the Swiss team into the stadium at the opening of the PyeongChang Games.

    Olympic 2018 Medal Count: Updated Country Tally After Friday Morning

    At this point, the question of who will lead the medal count in PyeongChang hasn't just been answered; it's practically pointless. David Wise , after falling twice, produced a clutch final run to win the freestyle skiing halfpipe .
  • Preview and Prediction: Michigan Basketball vs Penn State

    The Wolverines will need to counter a few body blows from the Nittany Lions early. The loss means Wisconsin can not get a home-ice spot in the playoffs.
    Two people shot dead near Zurich bank

    Two people shot dead near Zurich bank

    A Reuters reporter saw two small tents erected at the blocked-off crime scene, close to offices used by Swiss bank UBS. The shooting took place shortly before 14:30 local time (13:30 GMT) on Lagerstrasse in the Europaallee area.
    Hoax shooting threat rattles BHS students

    Hoax shooting threat rattles BHS students

    This week a 16-year-old sophomore was arrested and charged in Belen, New Mexico for online threats to Belen High School (BHS). He reportedly posted the message to see what kind of response he would get from the school and law enforcement.


Latest news

Parkland students deliver lineups, plea for change at Mets' opener
One concern Hitchcock raised is that if she was carrying a gun, she could be overpowered and the attacker could snatch the weapon. However, Trump said Thursday the NRA would back his plan to raise the age to buy a semi-automatic weapon to 21.

Several Bombs Set Off Around Rakhine State, 1 hurt
About 700,000 Rohingya have fled northern Rakhine towns and villages since last August to escape a military crackdown. A township administrator was later found slain in his auto by the side of the road.

Finally Ankit Tiwari gets hitched with this handsome girl
The duo met on the recommendation of Ankit's grandmother who first saw Pallavi on a train journey from Kanpur to Delhi. The alliance is an arranged one and it was his grandmother who found the flawless bride for her always busy grandson.

Banco Bradesco SA (BBD), CVS Health Corporation (CVS) — Trending Stocks Analysis
The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. Citigroup upgraded Banco Bradesco from a "neutral" rating to a "buy" rating in a report on Thursday, January 18th.

Stock Traders Purchase High Volume of PTC Therapeutics Put Options (PTCT)
The technology company reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.01. It is positive, as 52 investors sold OKE shares while 103 reduced holdings. 78 funds opened positions while 358 raised stakes.

How to Watch Real Madrid vs. Alaves
Marco Asensio reportedly emerges as a doubt for Real Madrid's La Liga clash with Alaves on Saturday afternoon due to toothache. "But I am interested in the squad, not just one or two players".

Theis' career night helps push Celtics past Pistons
Boston's most promising defensive stretch came at the end of the third quarter, leading into the middle of the fourth frame. The Pistons, meanwhile, hit 4 of 6 triples to start the game but then required 27 more attempts to hit another half-dozen.

Arista Networks Inc (ANET) Director Ann Mather Sells 433 Shares
Arista Networks, Inc . supplies cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Following the completion of the sale, the insider now directly owns 73,102 shares in the company, valued at $17,684,835.84.

Jeld-Wen (JELD) Downgraded to Market Perform at Wells Fargo & Co
Sales in the fourth quarter of 2017 grew a bare 0.3% to just $976 million - short of the $1 billion Wall Street expected. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock.

Aperio Group LLC Raises Stake in TD Ameritrade Holding Corp. (AMTD)
Pub Employees Retirement Association Of Colorado has invested 0% of its portfolio in CONMED Corporation (NASDAQ:CNMD). Schwab Charles Inv Management has invested 0.02% of its portfolio in TD Ameritrade Holding Corporation (NASDAQ:AMTD).

When/how can I watch the Olympics Closing Ceremony?
Red Gerard , who already won gold in slopestyle, will be looking to bring home his second medal of the games. The closing ceremony will take place at the Pyeongchang Olympic Stadium, which can hold about 35,000 fans.

Lloyds Banking Group (NYSE:LYG) Downgraded to Neutral at Davy Research
By taking a look at the stock's current statistics it can gauged that the stock candle is BEARISH with HIGH volatility. The stock was acquired at an average price of GBX 67 ($0.93) per share, with a total value of £3,180.49 ($4,394.16).

Olympics: Oda beats hero Davis, Nuis wins men's speed skating 1000
Skating in the final heat, Nuis shook off a false start to go 0.15 seconds faster than the Norwegian over the first 200 metres. Norway's Havard Lorentzen, the 500 victor , took the silver with 1:07.99, and South Korea's Kim Tae Yun won bronze in 1:08.22.

Ares Management (NYSE:ARES) Downgraded by Wells Fargo & Co
Royal Bank of Canada set a $26.00 price objective on Ares Management (NYSE:ARES) in a report published on Thursday, February 15th. The stock has "Overweight" rating by Barclays Capital on Thursday, February 25. (NYSE:ED) on Monday, May 8 with "Sell" rating.

Nike Inc (NKE) Shares Bought by Vontobel Asset Management Inc
Fire Group Incorporated has invested 0.21% of its portfolio in NIKE, Inc. (NYSE:NKE). 29,180 were reported by Bridges Mgmt. Following the sale, the insider now directly owns 165,591 shares of the company's stock, valued at $10,448,792.10.

Other news