OIL REFINERIES
Goldman Sachs sees minimal oil price impact from Texas freeze
Oil prices slid by up to 2 per cent on Friday, on worries that refineries will take time to resume operations after the big freeze in the U...
BPCL to buyout Oman Oil stake in Bina refinery for Rs 2,400 cr
BPCL holds a 63.68 per cent stake in Bharat Oman Refineries Ltd (BORL), which built and operates a 7.8 million tonne oil refinery at Bina i...
Refineries now functioning at above 100% capacity: MK Surana, HPCL
MK Surana, CMD, HPCL, says gradual recovery has been witnessed across segments and pipelines are operating at high efficiencies.Refineries ...
After pandemic, oil firms even less willing to cover $3.9 billion cost of South Africa's clean fuel plan
New rules requiring oil refineries in South Africa to cut diesel sulphur levels to 10 parts per million (ppm) had been due to come into eff...
Govt plans to stop allocating local crude to oil refineries
The Cabinet is likely to shortly consider the oil ministry’s proposal for freeing up the sale of domestic crude oil. The proposal has come ...
BPCL board approves buying out Oman Oil's stake in Bina refinery
The BPCL board at its meeting on Thursday also approved merging Bharat Gas Resources Ltd (BGRL) with itself, the company said in a filing t...
Bharat Petroleum Corporation to consider buying out Oman Oil's stake in Bina refinery
BPCL holds 63.68 per cent stake in Bharat Oman Refineries Ltd (BORL), which built and operates a 7.8 million tonne oil refinery at Bina in ...
Capacity utilisation at Indian Oil refineries reach 100% in November
The average utilisation was 88% of the nameplate capacity in October and 99% in November of last year. Indian oil is the nation's largest r...
US oil refineries see profit in turning kitchen oil into diesel
Companies that refine crude oil into fuel are increasingly using such putrid scraps to make a renewable version of diesel that can signific...
China set to eclipse America as world’s biggest oil refiner
The Covid crisis has hastened a seismic shift in the global refining industry as demand for plastics and fuels grows in China and the rest ...
Oman's Duqm petrochemical complex project postponed
The Duqm Refinery and Petrochemicals Industries Company (DRPIC) said construction on the Duqm refinery is proceeding according to schedule ...
BP to close Australian oil refinery, losses seen outlasting pandemic
BP is the first of Australia's four refiners to pull the plug on its plant in the wake of this year's slump in demand, triggered by the cor...
Oil falls 3%, heads for weekly drop on demand concerns
Brent crude, the international benchmark, dropped $1.08, or 2.5%, to $42.99 a barrel, by 10:53 a.m. EDT (1453 GMT). US West Texas Intermedi...
Saudi Aramco suspends $10 billion China oil refinery venture
Saudi Arabian Oil Co., or Aramco, decided to stop investing in the facility in China’s Northeastern province of Liaoning after negotiations...
OPEC+ hits the refinery wall: John Kemp
Futures for US gasoline delivered in September fell yesterday to less than $8 per barrel over Brent for delivery in the same month, down fr...
Indian Oil Corporation's Paradip refinery to be shut for 22 days for maintenance work
Commissioned in 2016 and considered as the energy gateway to eastern India, the refinery has a capacity of 15 million tonnes per annum.
India's Essar group places bid for Petrobras' Bahia refinery: Report
If Essar's bid is successful, it would mark the group's debut in Brazil. Essar has invested roughly $28 billion in assets in energy, infras...
Oil refineries improve run rate; Reliance cuts crude processing for 3rd straight month
Refineries, which had in April cut down operating rate to as low as 30-40 per cent as lockdown took most vehicles off road, processed 16.34...
View: Covid-19 will hasten the demise of many oil refineries
When consumption of transport fuels collapsed this year because of coronavirus, much of the industry moved into survival mode, cutting proc...
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