Petroleum

Weight Watching

Sept 24, 2008 (LBO) - Sri Lanka's cooking gas retailers will have to weigh gas cylinders on a certified on-site weighing machine in the presence of customers …

Liquidity Shock

SINGAPORE, September 23, 2008 (AFP) - Crude oil traded mixed in Asia on Tuesday after the benchmark New York futures contract soared more than 16 dollars for …

Credit Shuffle

Sept 15, 2008 (LBO) - Sri Lanka's state-run petroleum utility Ceylon Petroleum Corporation (CPC) is covering overdue government accounts with an Iranian …

Pricing Politics

Sept 14, 2008 (LBO) - Sri Lankan fuel users are suffering from the lack of a transparent price formula and severe politicization of pricing that had sometimes …

Exploration Spend

Sep 11, 2008 (LBO) - Cairn India said its Sri Lanka unit had signed a deal with Sri Lanka's investment promotion office to cover a 110 million US dollar oil …

Bunker Deadline

Sept 08, 2008 (LBO) - Sri Lanka's Supreme Court has given the bunkering unit of John Keells Holdings (JKH) till September 12 to vacate a tank farm, and the …

Tactical Release

SINGAPORE, September 3, 2008 (AFP) - Oil prices fell in Asian trade Wednesday as the US government announced the release of oil from its strategic reserve to …

Loss Assessment

Aug 22, 2008 (LBO) - Sri Lanka's John Keells Holdings (JKH) said a write-down at its bunkering unit could amount to 1. online pharmacy buy diflucan with best …

No Crisis?

PARIS, August 12, 2008 (AFP) - Oil demand is slowing sharply in advanced economies as people ease up on driving, supplies are rising and the market is set to …

Gas Dates

Aug 12, 2008 (LBO) - Sri Lanka's state-run Ceylon Petroleum Corporation's (CPC) entry into liquid petroleum gas (LPG) retailing has been pushed to December due …

Bubble Deflating?

SINGAPORE, August 5, 2008 (AFP) - World oil prices fell in Asian trade Tuesday as fears about slowing US demand outweighed the increasing likelihood of …

Local Lube

July 18, 2008 (LBO) – Sri Lanka's diversified Laugfs Holdings has introduced lubricants to the local market, working capture 30 percent share in two …

Fuel Row

June 26, 2008 (LBO) – Indian Oil Corporation's Sri Lanka unit has decided to drop its diesel retail price to match that of the dominant state-owned …

Oil Row

June 19, 2008 (LBO) – Sri Lanka has ordered a local unit of Indian Oil Corporation to sell diesel on par with state-run Ceylon Petroleum Corporation or …

Arbitrage

June 10, 2008 (LBO) - Laugfs Auto Gas, a Sri Lankan gas distributor that started conversion of vehicles to run on auto gas, said that it was timely for owners …

Sliding Up

June 06, 2008 (LBO) – Chevron Lubricants Lanka has raised prices of its products following sharp increases in the prices of crude and base oil, a senior …

Oil Block

June 5, 2008 (LBO) – Cairn India Limited, a unit of Cairn Energy plc of the UK, has won an offshore exploration block in Sri Lanka's Mannar basin beating …

Well Well

SINGAPORE, June 3, 2008 (AFP) - Oil prices eased in Asian trade Tuesday on continuing concerns over global energy demand, dealers said. buy fluoxetine online …

State Fat

June 01, 2008 (LBO) – Sri Lanka needs to market price energy and consumers are now not only paying for the rise in international prices, but also for the …

Burst Bubble?

May 30, 2008 (LBO) - World oil prices held steady in Asian trade on Friday after sharp falls on concerns over falling demand in the United States and other …