Unstable Policy
Nov 08, 2008 (LBO) – Sri Lanka has defended state manipulation of fuel prices which has de-stabilized the economy, brought high inflation and endangered …
Fuel Costs
Nov 06, 2008 (LBO) - Sri Lankan president Mahinda Rajapaksa said Wednesday the government had slashed retail fuel prices with immediate effect in an effort to …
Nut Cracker
Oct 31, 2008 (LBO) – Profits of Lanka IOC, a unit of India's IOC fell 83 percent in the September quarter to 109 million rupees amidst high taxes and …
Air Raid
Oct 28, 2008 (LBO) – A fire broke out in a key power station in Sri Lanka's capital Colombo soon after lights were doused on warnings of a Tamil Tiger …
Time Travel
EW YORK, October 22, 2008 (AFP) - Crude oil prices careened lower Wednesday after surging US energy reserves highlighted falling demand in a cooling global …
Lubricant Lease
Oct 23, 2008 (LBO) - Chevron Lubricants Lanka said Thursday it was seeking to extend the lease on the land on which it has its lubricant plant which runs out …
Burst Bubble
LONDON, October 16, 2008 (AFP) - Oil prices slumped further on Thursday, with Brent crude sliding below 68 dollars a barrel to the lowest level for more than …
Hissing Noise
LONDON, October 15, 2008 (AFP) - The price of oil slumped below 72 dollars on Wednesday, its lowest level for more than 13 months, as recession fears raised …
Lube Trends
Sept 28, 2008 (LBO) – The Sri Lanka unit of Indian Oil Corporation has temporarily cut prices on its lubricants, aiming to capture a bigger share of the …
Bunker Business
Sept 24, 2008 (LBO) - Ceylon Shipping Corporation (CSC) is considering acquiring its own ship fuel supply vessel to sell bunkers in Colombo port through its …
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 …