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INDIA OIL REFINERS
Oil firms face Rs 530 crore daily fuel losses as crude surges: ICRAState-run oil marketing companies IOC, BPCL and HPCL are facing losses of about Rs 8 a litre on petrol and Rs 9 on diesel as crude prices s...- Engineers India lands $450-million Dangote deal for mega Kenya refineryThe contract underscores India's growing role as an engineering and technical-services exporter to Africa's energy sector, deepening commer...
- India’s Russian oil imports fall 16.5% in August as Middle East supplies riseIndia’s Russian oil imports fell 16.5% month-on-month to about 2.1 million bpd in August, while purchases from Iraq rose sharply and Saudi ...
- Hindustan Copper shares gain 3% as company plans Rs 7,000 crore capital investment in next 5 yearsHindustan Copper shares rose after the company announced a Rs 7,000 crore investment over the next 5-6 years and signed MoUs with major PSU...
- India’s oil buyers may cut Russia cargoes as US risk risesIndian refiners may reduce Russian crude imports amid new US sanctions. This move comes as the US legislation allows tariffs on countries b...
- HC asks SAP India to restore services to Nayara EnergyThe Delhi High Court has ordered SAP India to restore full software services to Nayara Energy. SAP India had suspended services due to EU s...
- Oil’s sea lanes get tougher to navigate; India must press Iran to ease Hormuz blockadeSea lane disruptions in the Red Sea and Persian Gulf impact India's oil imports significantly. India faces challenges securing oil from Wes...
- India studying details of US tariffs on Russian oil buyers: Piyush GoyalIndia is examining details of potential US tariffs on Russian oil buyers, Piyush Goyal says. Washington is increasing pressure on nations s...
- Rupee ends marginally higher in subdued trade, forward premiums easeAsian currencies were mostly range-bound, while regional equities advanced after oil prices fell 2%, as investors hoped for diplomatic prog...
- India needs multi-route energy strategy as West Asia tensions threaten supplies: ExpertsGrowing West Asian tensions expose India's energy supply vulnerabilities. Experts urge a multi-route strategy and diversified crude and gas...
- Aramco to up oil exports to 60 mn barrels in September, OctoberThe rebound in state oil company Saudi Aramco's exports from inside the Gulf to 1 million to 1.5 million barrels per day on average, simila...
- New US sanctions bill on Russia puts Modi in a bindIndia faces a difficult energy policy choice regarding Russian oil imports. Potential US tariffs threaten Indian exports and bilateral trad...
- Replacing Russian crude near impossible for Indian refiners as US sanctions bill threatens 100% tariff, say executivesIndian refiners face challenges replacing Russian crude imports due to new US legislation. Many key suppliers are already cut off, complica...
- OIL CMD Ranjit Rath outlines the company's growth prioritiesOIL is eyeing higher domestic oil and gas production, accelerated exploration including deep and ultra-deepwater opportunities, strengtheni...
- Russian oil uncertainty hangs over India’s largest buyersIndian state-owned refiners are facing rising crude supply uncertainty as Middle East disruptions coincide with the risk of tougher US rest...
- Oil India explores route to bring back $300 million stuck in RussiaOil India aims to repatriate a $300 million dividend from Russian oil assets. These funds are currently stranded in Moscow due to Western s...
- Aramco closes supply tap for Indian refiners, new oil barrels to cost moreSaudi Arabia has sold some spot cargoes to traders expected to deliver small volumes to Indian refiners through Hormuz. The risk-taking tra...
- Russia squeezed, Saudi route hit, China circles: Why India's oil bill could get heavierIndia is encountering soaring costs for crude oil imports due to ongoing global supply chain issues. Disruptions in Saudi oil export infras...
- The world wishes it had a 'diesel printer' as two wars push fuel to the brinkThe world is facing a severe diesel shortage as the US-Iran and Russia-Ukraine wars disrupt crude supplies, refinery operations and global ...
- Crude pool drying up as Middle East conflict drags on, refiners waryIndian refiners are using inventories to manage immediate oil supply disruptions. They worry about prolonged closures and widening conflict...
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