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Official numbers from the US Energy Information Administration EIA are due out later on Wednesday.Russia’s average daily oil output has nonetheless dropped to a three year-low after contaminated crude clogged its main export route.S.Brent futures were down 27 cents, or 0.1 per cent on Tuesday after a near 13 per cent fall in the previous four sessions. The US benchmark closed 0.“It was a very bearish number and if confirmed by the EIA it will hammer prices,” said Stephen Innes, managing partner at SPI Asset Management in Bangkok.To prevent oversupply and prop up the market, the China foaming barrel screws Suppliers Organization of the Petroleum Exporting Countries OPEC, together with allies including Russia, has been withholding production since the start of the year.

But on Tuesday, the head of oil giant Rosneft, Igor Sechin, said Russia should pump at will and he would seek compensation from the government if cuts were extended.The group plans to decide later this month or in early July whether to continue the supply curbs.US West Texas Intermediate WTI crude was down by 32 cents, or 0. Tokyo: Oil prices resumed their slide on Wednesday, dragged down by a surpise gain in US inventories and comments from the head of Russian state oil producer Rosneft questioning the point of a deal with OPEC to withhold supplies.

Average gross refining margins improved to .Analysts on average expected March-quarter net profit of 37.06 billion rupees a year earlier. Indian Oil Corp said on Thursday net profit rose 85 per cent in the fourth quarter, in line with analysts&China wheel unit bearings Manufacturers39; expectations, as revenue from operations grew.95 billion rupees, Thomson Reuters data showed.22 trillion rupees.

NSEI that was 1.21 billion rupees (6..India's top refiner # said profit came in at 37.06 per barrel in the 2015-16 period.2 per cent as of 0926 GMT, in a broader market.3 per cent higher.Revenue from operations jumped 24 per cent to 1.India's top refiner said profit came in at 37.IOC shares were were up 0.22 trillion rupees.21 billion rupees (6. Revenue from operations jumped 24 per cent to 1.45 million) in the quarter ended March 31, compared with 20.45 million) in the quarter ended March 31.77 per barrel in the financial year ended March, compared with.