Global strategic oil inventory totaled 2.5 billion barrels at end of 2025, EIA saysGlobal strategic oil reserves reached 2.5 billion barrels by year-end. China, the United States, and Japan hold the largest stockpiles. The...
20 Apr, 2026, 11.16 PM IST
Reliance, Essar top bidders for coal-based methane gas exploration blocksThe bidding frenzy for coal-bed methane blocks heats up as Reliance Industries and the Essar Group step into the ring. The Directorate Gene...
20 Apr, 2026, 03.55 PM IST
Mega Essar-Rosneft deal cheers lenders, boosts companyThe conglomerate has been grappling with debt after an $18-billion spending spree to build power and steel plants and an oil refinery over ...
22 Aug, 2017, 12.32 AM IST
Essar nears sale of $6.5bn refinery arm to RosneftThe board of Rosneft, which signed a non-binding pact on the potential purchase in July 2015, plans to meet on October 13 to approve the tr...
08 Oct, 2016, 04.49 PM IST
Ruias to give up control of Essar Oil, to sell up to 74% stakeThe Ruias are planning to sell up to a 74% stake in Essar Oil in a multi-stage transaction, as they seek to reduce the debt burden of the g...
01 Jul, 2016, 02.48 PM IST
Essar Oil looks to double petrol pumps to 4,300 in 18 monthsNetwork was expanded to 1,400 outlets before the expansion was frozen in 2008-09 in view of private retailers being unable to compete with ...
01 Jul, 2016, 01.29 PM IST
Essar Oil looks to double petrol pumps to 4,300 in 18 monthsEssar Oil was the first private company to enter petro product retailing in India at a time when the govt was experimenting with the idea o...
19 Jun, 2016, 12.39 PM IST
Rosneft to buy $2.4 billion Essar Oil stakeRosneft is offering around $2.4 billion for a 49% stake in Essar Oil, India's second largest refiner, sources directly familiar with the ma...
25 Nov, 2015, 12.39 PM IST
Essar Oil posts record Rs 1,063-cr Q1 Net as margins improvedThe company posted a net profit of Rs 1,063 crore in April-June compared with Rs 691 crore in the same period of the previous fiscal, Essar...
29 Jul, 2015, 10.10 PM IST
Essar Oil ends 6% up; stock may get delisted post Rosneft dealBillionaire brothers Shashi and Ravi Ruia have agreed to sell a 49 per cent stake in Essar Oil to Russian energy major OAO Rosneft.
10 Jul, 2015, 04.12 PM IST
Rosneft deal to help Ruias delist Essar companies$35-billion Essar Group is working on a plan to take group firms private following the deal to sell 49 per cent stake in Essar Oil to Rosne...
10 Jul, 2015, 08.41 AM IST
Essar Oil Q4 profit rises fivefold on margins, forex gainsEssar Oil, India's second-largest private refiner, reported a five-fold jump in fourth-quarter net profit on higher refining margins and fo...
20 May, 2014, 05.49 PM IST
Essar Oil Q4 profit rises fivefold on margins, forex gainsEssar Oil, India's second-largest private refiner, today reported a five-fold jump in fourth-quarter net profit on higher refining margins ...
20 May, 2014, 05.17 PM IST
Essar Oil narrows Q1 loss to Rs 863 croreEssar Oil today reported narrowing of net loss to Rs 863 crore during the April-June quarter on account of higher refining margin.
14 Aug, 2013, 06.36 PM IST
- Goldman Sachs initiates 'Buy' Rating on Essar Oil
Goldman Sachs expects strong operating cashflows to strengthen Essar's balance sheet, helping reduce its net debt:equity ratio to 1.1X by e...
09 May, 2012, 05.48 PM IST
- Essar to acquire African oil & gas assets
Company identifies blocks in Nigeria, Libya & Madagascar; aims to secure crude supplies for refineries in India, Kenya.
21 Oct, 2010, 03.32 AM IST
- Essar Oil plans to increase petrol pumps to 2,000 soon
Essar Oil, India’s largest private fuel retailer, plans to increase its number of petrol pumps to 2,000 in the next few months from 1,450 c...
05 Feb, 2010, 12.47 AM IST