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OIL REFINERS
Sankaran Naren favours banks, power as oil risks loomSankaran Naren, CIO of ICICI Prudential Asset Management, remains bullish on banks, power utilities, oil refiners and pharmaceuticals, citi...- 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...
- America is making the most fuel since pre-covid. It’s not enoughAmerican refineries are processing crude oil at their highest rates since before the pandemic. Global fuel supplies remain critically low d...
- 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...
- Indian corporates to clock 9% aggregate revenue in FY27: FitchFitch Ratings forecasts Indian corporate revenue to grow nine percent in the current fiscal year. This growth is expected to keep credit me...
- Global Market: Warning signals flash red as oil, AI concerns and debt risks rattle investorsSeveral key market warning indicators are approaching crisis levels now. Elevated oil prices and geopolitical uncertainty fuel inflation co...
- ONGC approves guarantee to MRPL to import crude oil from Saudi AramcoONGC approved a $500 million parent company guarantee for its subsidiary MRPL. This guarantee facilitates crude oil imports from Saudi Aram...
- 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...
- Global Market: European shares steady, set for weekly loss as oil surge, earnings keep investors cautiousEuropean shares remained flat as investors assessed rising oil prices. Escalating Middle East tensions and corporate earnings influenced ma...
- 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...
- Cutting off Red Sea oil route may be one crisis too manyThe Red Sea conflict has disrupted oil flows, impacting global energy markets. This escalation is now forcing oil tankers to reroute, incre...
- Indian refiners halt Iraq oil loadings on rising Hormuz riskDue to heightened security worries, Indian refiners have paused crude oil loadings from Iraq, with major players like Indian Oil Corp. and ...
- Indian refiners come to the rescue of Russia’s oil exportersIndia has emerged as a key buyer of Russian crude, with imports from Moscow reaching record levels as refiners take advantage of cheaper oi...
- Indian Oil Corp cancels Iraq oil lifting amid Hormuz attacks, sources sayIndian Oil Corp cancelled lifting Iraqi oil from Basrah Oil Terminal. Increased risks and attacks in the Strait of Hormuz prompted this dec...
- RIL sees better global refining margins despite oilfield attacksReliance Industries anticipates stronger global refining margins in upcoming quarters. Structural capacity losses in Russia and the Middle ...
- India’s edible oil industry flags 17-fold surge in Nepal imports, seeks policy reviewIn a pressing appeal, the Indian Vegetable Oil Producers' Association urges a swift revision of India's edible oil import regulations. Rece...
- Relieved that crude has finally fallen? The real warning signs just began flashing elsewhereAs the Iran crisis enters its fifth month, traders have become increasingly convinced that Trump will do almost anything to avoid a politic...
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