Price increase must for oil PSUs to be profitable: PM
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THE HAGUE, NOV 7: Prime Minister Manmohan Singh on Sunday made a fervent appeal to Left parties to understand the compulsions that necessitated the hike in oil prices.
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Increased demand in India and China is affecting oil prices, but &quot;non-fundamental&quot; factors make it hard to forecast which side of the $45 per barrel mark they will head, OPECâs President said on Tuesday.
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OPEC&#39;s president says the organisation&#39;s production levels are increasing to meet escalating demand, but he believes over-inflated prices can be brought down only by resolving global conflicts.
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Indian Prime Minister Manmohan Singh urged the country's software industry to raise its level of performance despite achieving an average annual growth rate of more than 30 percent since 2002.
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Profit margins should continue to expand at Oil-Dri.
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Alistair Darling has asked to meet with Ofgem to discuss gas and electricity price rises, a report says.
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Electricity bills must go up so the government can meet its renewable energy target, a report finds.
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Business & money: Opec under pressure to increase production after warning that prices could peak by end of year.
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OPEC President Purnomo Yusgiantoro said on Thursday that OPEC should continue to produce above its official ceiling rather than tighten output to support prices.
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Rising oil prices are expected to hit China's growth rate this year.
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Opec, the oil producers&#39; cartel, is poised to raise its target price range for a barrel of crude this week - delivering a harsh message to oil-guzzling economies to get used to a $30 floor under prices.
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OPEC responded to recent high oil prices yesterday by raising its output quotas by 1 million barrels per day (bpd) of crude, effective from 1 November, a move analysts said was largely cosmetic in light of its current overproduction.
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Npower raises electricity prices by 12.7% and gas bills by 17.2%, blaming higher wholesale costs.
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Oil prices rise above $63 a barrel after the president of the Opec producers cartel says he favoured another cut in output.
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OPEC President Purnomo Yusgiantoro said  on Friday he was concerned with the continuing rise in global  oil prices, but the cartel had not yet seen a cost-driven  increase in inflation.
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The world's top finance officials on  Friday asked oil-producing nations to step up output and agreed  it was crucial to work out exactly why prices have soared to  levels that threaten global growth.
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New Delhi, Oct 30 (UNI) Petroleum Minister Mani Shankar Aiyar today met Prime Minister Manmohan Singh over the issue of petroleum prices and said decision on the price revision would be taken tomorrow.