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JUNE CRUDE THROUGHPUT
China's June oil throughput hits lowest level since pandemic on Iran war woesChina's crude oil processing in June reached its lowest point since the pandemic began. This decline occurred as global supply tightened an...- China state refiners considering resuming Iran oil imports, sources sayChina's major state-owned refiners, Sinopec and PetroChina, are exploring a return to purchasing Iranian oil after a U.S. waiver, marking a...
- Brent climbs to $79.43 as traders weigh durability of US-Iran peace dealOil prices edged higher as investors assessed the implications of a potential U.S.-Iran peace deal and the reopening of the Strait of Hormu...
- Why oil’s not at $200 after the biggest supply shock in historyGlobal oil prices are defying expectations, staying below $100 a barrel even after the Strait of Hormuz was effectively blocked. Record US ...
- Why Asia's oil lifeline can't survive on US crude aloneAsian nations are receiving more crude oil from the United States. However, these increased shipments cannot fully replace oil lost due to ...
- Indian refiners' September crude processing hits 19-month lowIndian refiners processed less crude oil in September, reaching the lowest point since February. This decline follows a dip in fuel consump...
- Saudi Arabia crude exports hit three-month high in MaySaudi Arabia's crude oil exports reached a three-month high in May, climbing to 6.191 million barrels per day, according to JODI data. This...
- HPCL Q1 Results: Standalone net profit plunges 94% YoY to Rs 356 crore, revenue up 1%The state-owned fuel retailer had reported a net profit of Rs 6,203.9 crore in the corresponding quarter of the last financial year. Sequen...
- Oil prices inch down on weaker US consumer demand ahead of China dataOil prices slipped on weaker U.S. consumer demand. China's economic data indicated deflation, impacting markets in Singapore and other coun...
- India refiners' June crude processing bridled by virus curbsCrude oil imports also fell to a 9-month low in June as refiners curtailed purchases amid higher fuel inventories due to low consumption an...
- India’s oil consumption jump marginally in October indicating mild economic recoveryIndia’s domestic consumption of petroleum products increased 1.8% year on year to 4.2 million barrels per day in October 2020, the research...
- Saudi Arabia's total oil exports rise to 7.09 million bpd in September, JODI saysMonthly export figures are provided by Riyadh and other members of the Organization of the Petroleum Exporting Countries (OPEC) to the Join...
- Indian refiners cuts crude processing as fuel demand dips, margins fadeFuel demand in Asia's third largest economy had been rising since May from historic lows in April, when a nation-wide lockdown to stem the ...
- Add IOC, target price Rs 98: ICICI SecuritiesNet marketing margin has recovered sharply due to steep price hikes after being briefly in the red and the outlook for FY21 appears promisi...
- HPCL drops 53% on lower refiner margins, inventory lossesNet profit slipped to Rs 811 crore in April-June as compared to Rs 1,719 crore a year back.
- IOC Q1 profit jumps 50% to Rs 6,831 crore on inventory gainsRevenues rose to Rs 1,49,747 crore in Q1 FY 2018-19 from Rs 1,28,183 crore last year.
- Earnings growth of RIL may take a hit on the back of falling global refining marginsThe refining segment for RIL contributes more than two-thirds of its revenue and operating profit. Hence, any change in the refining margin...
- Hindustan Petroleum Corp Ltd posts a net profit of Rs 46 crore in June quarter"Despite not receiving full under-recovery compensation and lower throughput, it has been a good quarter for us," HPCL Chairman and MD said.
- MRPL posts Rs 1,521 cr loss for Apr-JunMRPL today reported a net loss of Rs 1,521 crore in the April-June quarter as refinery had to shutdown for sometime on stoppage of water su...
- Essar Oil posts Q1 loss of Rs 70 cr due to poor marginsRuias-owned Essar Oil reported a net loss of Rs 70 crore for the quarter ended June 30 on account of a contraction in oil refining margins.
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