Petrol, diesel price hike impact: HPCL, BPCL & IOC shares jump 2% each. What lies ahead for the OMCs?Oil marketing companies like HPCL, BPCL, and IOC saw a 2% share increase following a second petrol and diesel price hike in under a week, w...
Should petrol, diesel prices go up by Rs 25 per litre? Oil companies are staring at Rs 1,380 crore daily lossIndian fuel retailers are facing steep under-recoveries despite a recent Rs 3 hike, with analysts estimating losses of Rs 25/litre and dail...
India’s Russian oil imports cool 20% in April after March spikeIndia’s imports of Russian crude fell 20% month-on-month in April to 1.57 million barrels per day, cooling after a March surge driven by fl...
India denies RTI on Russia oil import data, cites strategic and commercial confidentialityInformation on Russian oil imports to India is being withheld. The Petroleum Planning and Analysis Cell cited commercial and confidential r...
BPCL, HPCL, IOC shares jump up to 5% as oil's skyrocketing rally cools down on fresh Iran-US peace talk hopesOMC stocks surged as easing oil prices, driven by renewed hopes of US-Iran peace talks, lifted sentiment. Crude remained below the key $100...
Fuel price freeze: Rs 18/litre loss on petrol, Rs 35 on dieselState-owned fuel retailers IOC, BPCL and HPCL face widening losses of Rs 18 per litre on petrol and Rs 35 on diesel as prices remain frozen...
HPCL, BPCL, IOC shares surge up to 4% as oil falls below $100 amid hopes for Iran-US war cooling offOil marketing company shares saw a significant jump on Wednesday. This rise followed a drop in oil prices below the $100 per barrel mark. I...
India should look for geographical diversification for gas, says former IOCL Executive DirectorIndia should definitely look for a geographical diversification for gas to mitigate the risks posed by ongoing geopolitical tensions in the...
BPCL buys Upper Zakum crude for December to replace Russian oil, sources sayBharat Petroleum Corporation has secured two million barrels of crude oil from Abu Dhabi. This purchase aims to replace oil previously sour...
BPCL says no payments pending for Russian oil importsBPCL operates a 240,000 barrel-per-day (bpd) refinery in Mumbai, western India; a 310,000-bpd refinery in Kochi, southern India; and a 156,...
OIL looks at ways to bring home $150 mln payout from RussiaState-run Oil India is seeking ways to repatriate its $150 million dividends from Russia through legal and diplomatic channels. Indian Oil ...
Oil India is exploring channels to repatriate its dividends worth $150 million from RussiaOil India, Indian Oil Corporation, BPCL and ONGC have participating interests in multiple oil and gas projects in Russia from which they ea...
ONGC Videsh sells Russia's Sokol oil to HPCL, BPCL: SourcesIndian companies are snapping up Russian oil as it is available at a deep discounts after some companies and countries shunned purchases fr...
Sanctions on Russia may result in impairment losses for ONGC, others: Moody's"Import bans and international sanctions on Russia may constrain the future cash flow generating capacity of these assets and lead to impai...
No need to panic. Oil prices could drop to $100 a barrel in two weeks: Arun Kumar Singh Chairman & MD, BPCLCrude oil prices soared to $139 per barrel on Monday after US Secretary of State Antony Blinken said the US and European allies are conside...
BPCL seeks extra Gulf oil, fearing Russian supply hit: SourceBPCL, India second-biggest state refiner, on an average buys two million barrels of Russian Urals every month on a delivered basis, where t...
Russia's Rosneft keen to bid for BPCLRussia's largest oil producer Rosneft is keen to bid for acquisition of BPCL, sources said.