Amman - The Iraqi government has agreed to raise the discount offered to Jordan on crude oil from Kirkuk to 22 dollars per barrel, Energy Minister Khaldoun Qteishat said Tuesday.
Under a deal signed between the two countries two years ago, Iraq agreed to sell Jordan crude oil at a preferential price of 18 dollars lower than the world market price.
Iraqi oil supplies to Jordan were high on the agenda of King Abdullah II's whirlwind visit to Baghdad on Monday, when he became the first Arab head of state to visit Iraq since the downfall of the former Iraqi regime of Saddam Hussein five years ago.
In order to bring the raising fuel prices at par with the production cost, the BK Chaturvedi panel has suggested that there should be monthly revision of prices at the rate of Rs 2.50 for petrol and 75 paise for diesel.
At present the major oil marketing companies - Indian Oil, Bharat Petroleum and Hindustan Petroleum - are selling petrol and diesel at a loss of Rs.11.60 a litre and Rs.23.23 a litre respectively. The recommendations of this report are yet to be made public.
Vienna - As the price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) dropped 2.35 dollars Friday, the cartel's oil price fell by
Stock market analysts have maintained ‘buy’ rating on Essar Oil stock with an intraday target of Rs 238.
According to them, interested traders can purchase the stock above Rs 234 with a strict stop loss of Rs 230. If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 244.
Shares of the company, on Friday (Aug 08), closed at Rs 233.75 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 3350978. The share price has seen a 52-week high of Rs 360 and a low of Rs 48 on BSE.
Chaturvedi panel has suggested that there should be monthly revision of prices at the rate of Rs 2.50 for petrol and 75 paise for diesel. 
intraday target of Rs 238. 
- The price for crude oil produced by the Organization of the
