Indian Oil

Sri Lanka will receive two ships containing petrol and diesel this month and another in August, the Chairman of Lanka IOC, the subsidiary of Indian Oil Corporation, said on Saturday as it will give relief to the people facing fuel shortages.

Indian equity benchmarks on Friday extended their fall to the third straight session, dragged by heavy losses in index heavyweight Reliance Industries and other energy stocks after the government imposed export duties on oil products.

The price of cooking gas was cut by Rs 198 per cylinder in Delhi on Friday, according to Indian Oil Corporation.

India is in talks with Russia over a deal to buy oil at discounted rates, the chairman of India's state-run Hindustan Petroleum Corp. said.

Shell on Friday agreed to acquire India-based renewable power platform Sprng Energy for $1.55 billion, boosting the energy company's low-carbon output as it shifts away from oil and gas.

Russian importers are reaching out to small Indian businesses to secure fresh produce, auto parts, medical devices and other key goods that are growing scarce due to international sanctions, people familiar with the matter in both Russia and India said.

Diesel supply has become a global concern since sanctions against Russia reshaped fuel trade and sent international inventories to historic lows.

Rosneft sold 700,000 tonnes of Urals oil loading from Baltic ports of Primorsk and Ust-Luga in May to Indian Oil Corp.

Watch out Iraq and Saudi Arabia, Russia is making huge inroads into the Indian oil market and has quite possibly become the largest supplier to the giant Asian buyer.

The domestic stock indices are likely to trade cautiously on Thursday, taking cues from their global peers.

India's Oil Minister Hardeep Singh Puri told the World Economic Forum in Davos on Tuesday that a crude oil price of $110 a barrel was not sustainable

European countries and the United States have imposed heavy sanctions on Russia since Moscow sent troops into Ukraine on Feb. 24, but India has not explicitly condemned the action.

Sandeep Kumar Gupta, Director (Finance) at Indian Oil Corporation, has been picked to head India's largest gas utility GAIL (India) Ltd

An Indian Oil finance executive said on Friday he expects oil prices to hold above $100 per barrel for the rest of 2022 amid the Ukraine crisis.

Government can meet the fiscal deficit target of 6.4 per cent for 2022-23 if there are no excise duty cuts to lower high oil prices

Sri Lanka will receive two ships containing petrol and diesel this month and another in August, the Chairman of Lanka IOC, the subsidiary of Indian Oil Corporation, said on Saturday as it will give relief to the people facing fuel shortages.

Indian equity benchmarks on Friday extended their fall to the third straight session, dragged by heavy losses in index heavyweight Reliance Industries and other energy stocks after the government imposed export duties on oil products.

The price of cooking gas was cut by Rs 198 per cylinder in Delhi on Friday, according to Indian Oil Corporation.

India is in talks with Russia over a deal to buy oil at discounted rates, the chairman of India's state-run Hindustan Petroleum Corp. said.

Shell on Friday agreed to acquire India-based renewable power platform Sprng Energy for $1.55 billion, boosting the energy company's low-carbon output as it shifts away from oil and gas.

Russian importers are reaching out to small Indian businesses to secure fresh produce, auto parts, medical devices and other key goods that are growing scarce due to international sanctions, people familiar with the matter in both Russia and India said.

Diesel supply has become a global concern since sanctions against Russia reshaped fuel trade and sent international inventories to historic lows.

Rosneft sold 700,000 tonnes of Urals oil loading from Baltic ports of Primorsk and Ust-Luga in May to Indian Oil Corp.

Watch out Iraq and Saudi Arabia, Russia is making huge inroads into the Indian oil market and has quite possibly become the largest supplier to the giant Asian buyer.

The domestic stock indices are likely to trade cautiously on Thursday, taking cues from their global peers.

India's Oil Minister Hardeep Singh Puri told the World Economic Forum in Davos on Tuesday that a crude oil price of $110 a barrel was not sustainable

European countries and the United States have imposed heavy sanctions on Russia since Moscow sent troops into Ukraine on Feb. 24, but India has not explicitly condemned the action.

Sandeep Kumar Gupta, Director (Finance) at Indian Oil Corporation, has been picked to head India's largest gas utility GAIL (India) Ltd

An Indian Oil finance executive said on Friday he expects oil prices to hold above $100 per barrel for the rest of 2022 amid the Ukraine crisis.

Government can meet the fiscal deficit target of 6.4 per cent for 2022-23 if there are no excise duty cuts to lower high oil prices