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INDIAN OIL REFINERS
Reliance Industries books supertanker at record $23-25 million freight to lift Iraqi crudeReliance Industries paid a record sum to charter a supertanker for Iraqi crude oil. This reflects a limited vessel pool and soaring voyage ...- Vessel traffic through Hormuz dwindles this week as markets watch Iran-Oman talksShipping traffic through the Strait of Hormuz has significantly decreased this week. Markets are closely watching Iran and Oman talks for w...
- Billionaire Anil Agarwal’s Vedanta unit seeks mega $1.4 billion loan after business splitVedanta Aluminium Metal Ltd. is raising 135 billion rupees from three major banks. Axis Bank, HDFC Bank, and ICICI Bank are providing the s...
- India may charge gas users to fund planned $42 billion fuel reserves, sources sayIndia is considering levies on cooking gas and natural gas consumers to fund a proposed $42 billion multi-fuel strategic reserve programme ...
- Indian Oil reassesses ₹33,000 crore Tamil Nadu refinery, eyes petrochemicals complexIndian Oil Corp is reassessing its Tamil Nadu refinery project due to economic viability concerns. The company is now exploring a standalon...
- Indian refiners buy Middle East and West African crude, sources sayIndian refiners have stepped up crude oil purchases, with Mangalore Refinery and Petrochemicals buying 1 million barrels of Oman crude thro...
- Projectile sinks Indian ship near Yemeni waters but all seafarers safe, Union minister Sonowal saysAn Indian-flagged vessel sank in the Red Sea after a projectile strike, but all fourteen crew members were rescued. The Yemeni Coast Guard ...
- Russia's western oil exports to rise 4% in August on refinery disruptionsRussian oil shipments from western ports are set to increase by four percent in August. This rise is driven by domestic refinery attacks an...
- ONGC to reserve half of new oil storage for strategic reservesIndia's Oil and Natural Gas Corp will reserve half of its planned oil storage. This new facility will meet the country's strategic petroleu...
- The ethanol story is changing. Is investing in the ecosystem the better way? 15 stocks across different market cap segmentsThe ethanol story started simply enough: Cut India's dependence on imported crude oil. It would save foreign exchange. Give farmers a new a...
- IOC slips into loss in Q1 on holding fuel prices despite rise in costIndian Oil Corporation reported losses for the June quarter that were lower than analysts expected. This was largely due to efficiency impr...
- Indian Oil raises $500 mn under RBI's concessional forex swap window, eyes moreIndian Oil Corporation secured five hundred million dollars through a special Reserve Bank of India swap facility. This concessional forex ...
- Indian Oil to hire dedicated vessel to ferry LPG cylinders from Sri Vijaya Puram to all islandsIndian Oil Corporation Limited plans a dedicated vessel for LPG supply. This initiative aims to ensure uninterrupted cylinder delivery acro...
- IndianOil set for board revamp as govt proposes four MD positionsThe government plans to restructure Indian Oil Corporation's board. Four managing director positions will replace the current structure. Fu...
- Discounts narrow on Russian Urals crude in IndiaDiscounts on Russian Urals crude oil delivered to India have dropped significantly this week. Stronger demand from Indian refiners is linke...
- Aramco mulls new Asia pricing on deliveries from Egypt portState-run Aramco has been asking Asian customers to take oil deliveries from the Egyptian port, near the Suez Canal exit from the Red Sea, ...
- India's top refiner IOCL scouts stakes in gas carriers as it plans higher US importsIndian Oil Corporation is seeking to acquire a fifty percent stake in very large gas carriers. This move prepares the company for increased...
- MRPL seeks crude via tender avoiding Red Sea and Hormuz, document showsMangalore Refinery and Petrochemicals Ltd is seeking oil imports via a spot tender. The company has asked suppliers to avoid the Red Sea an...
- Russia crude prices swing wildly amid Iran warThe landscape of Russian crude prices for Indian refiners has seen considerable volatility influenced by the Iran war. Initially, discounts...
- India loses Russia oil discount as Red Sea, Hormuz risks upend crude marketsRussia's crude oil discounts for India have disappeared as Middle East supply disruptions and Red Sea shipping risks boost demand for alter...
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