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No Cut In Petrol, Diesel Prices Despite Oil At 6-Month Low Because...
International oil prices have hit a six-month low, helping Indian fuel retailers breakeven on petrol but they continue to lose money on diesel - the most used fuel in the country, officials said.
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Refinery Margins To Offset Oil Companies' Losses On Holding Fuel Prices: Fitch
Oil companies may suffer marketing losses in January-March 2022 for holding petrol and diesel prices, however refining margins should mitigate losses
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Indian Oil Removes Russian Urals From Latest Tender: Report
Indian Oil Corp (IOC) has excluded several high-sulphur crude grades, including Russian Urals, from its latest tender
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India's IOC Buys 7 Million Barrels Of Crude Via Tenders - Report
Indian Oil Corp bought 4 million barrels of Murban crude and 3 million of West African Crude for May and June loading.
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Indian Oil Corp Agrees Fuels Deal For Crisis-Hit Sri Lanka
Indian Oil Corp (IOC) will supply gasoil, gasoline and jet fuel to Sri Lanka, as the island nation fights a crippling economic crisis that has caused an acute fuel shortage.
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India's IOC Buys First Russian Urals Crude In 2 Years After Prices Slump
Indian Oil Corp, the country's top refiner, has bought Russian Urals crude for the first time in two years, after spot differentials slumped, according to trade sources and Refinitiv data.
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Indian Oil To Set Up 10,000 E-Vehicle Charging Stations In 3 Years: Chairman
Indian Oil Corp (IOC) will set up 10,000 electric vehicle charging stations in the next three years and is drawing up plans to cut greenhouse gas emissions from its operations to aid the country's net zero carbon target by 2070, its chairman said.
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India May Need Additional 2 Million BPD Refining Capacity By 2030, Says Indian Oil Chairman
India needs to add 2 million barrels per day (bpd) of refining capacity by 2030 to help its economic expansion, even as it takes steps to move to cleaner fuels, said the chairman of Indian Oil Corp (IOC), the country's top refiner.
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State-Run Oil Refiners Plan To Invest $27 Billion To Boost Refining Capacity By 2025
Indian Oil Corp, in its latest annual report said it would boost its annual oil refining capacity to 87.55 million tonnes by 2024/25 from the current 70.05 million tonnes to meet growing demand for petroleum products.
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Indian Oil Corp Reports Three-Fold Surge In Quarterly Profit
Indian Oil Corp Ltd (IOC), the country's top refiner, on Friday reported a three-fold rise in net profit in the June quarter, helped by higher gross refining margins as prices of oil products surged.
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Indian Oil Corporation To Fuel Expansion With Green Power
IOC also plans to build a green hydrogen plant at its 160,000 bpd Mathura refinery in northern Uttar Pradesh state.
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Oil Refiners Process Less Crude In April As Pandemic Curbs Demand, Mobility
The country's biggest refiner, Indian Oil Corp has reduced crude processing to average at 84 per cent of overall capacity from 96 per cent in April.
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Oil Refiners Cut Output, Imports As COVID-19 Hits Demand
State-run Bharat Petroleum Corp has cut its crude imports by 1 million barrels in May and will reduce purchases by 2 million barrels in June
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Indian Oil Refiners Cut Output, Imports As Pandemic Hits Demand
Indian Oil Corp has reduced runs to an average of between 85% and 88% of processing capacity, adding runs could be cut further as its plants at Gujarat, Mathura and Panipat are facing problems storing bitumen and sulphur.
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Indian Oil Corporation Buys Its First Johan Sverdrup Crude Cargoes: Report
State-run refiner Indian Oil Corporation (IOC) has made its first purchase of Norway's Johan Sverdrup crude, buying four million barrels via a tender as it speeds up diversification of crude imports.
-
No Cut In Petrol, Diesel Prices Despite Oil At 6-Month Low Because...
International oil prices have hit a six-month low, helping Indian fuel retailers breakeven on petrol but they continue to lose money on diesel - the most used fuel in the country, officials said.
-
Refinery Margins To Offset Oil Companies' Losses On Holding Fuel Prices: Fitch
Oil companies may suffer marketing losses in January-March 2022 for holding petrol and diesel prices, however refining margins should mitigate losses
-
Indian Oil Removes Russian Urals From Latest Tender: Report
Indian Oil Corp (IOC) has excluded several high-sulphur crude grades, including Russian Urals, from its latest tender
-
India's IOC Buys 7 Million Barrels Of Crude Via Tenders - Report
Indian Oil Corp bought 4 million barrels of Murban crude and 3 million of West African Crude for May and June loading.
-
Indian Oil Corp Agrees Fuels Deal For Crisis-Hit Sri Lanka
Indian Oil Corp (IOC) will supply gasoil, gasoline and jet fuel to Sri Lanka, as the island nation fights a crippling economic crisis that has caused an acute fuel shortage.
-
India's IOC Buys First Russian Urals Crude In 2 Years After Prices Slump
Indian Oil Corp, the country's top refiner, has bought Russian Urals crude for the first time in two years, after spot differentials slumped, according to trade sources and Refinitiv data.
-
Indian Oil To Set Up 10,000 E-Vehicle Charging Stations In 3 Years: Chairman
Indian Oil Corp (IOC) will set up 10,000 electric vehicle charging stations in the next three years and is drawing up plans to cut greenhouse gas emissions from its operations to aid the country's net zero carbon target by 2070, its chairman said.
-
India May Need Additional 2 Million BPD Refining Capacity By 2030, Says Indian Oil Chairman
India needs to add 2 million barrels per day (bpd) of refining capacity by 2030 to help its economic expansion, even as it takes steps to move to cleaner fuels, said the chairman of Indian Oil Corp (IOC), the country's top refiner.
-
State-Run Oil Refiners Plan To Invest $27 Billion To Boost Refining Capacity By 2025
Indian Oil Corp, in its latest annual report said it would boost its annual oil refining capacity to 87.55 million tonnes by 2024/25 from the current 70.05 million tonnes to meet growing demand for petroleum products.
-
Indian Oil Corp Reports Three-Fold Surge In Quarterly Profit
Indian Oil Corp Ltd (IOC), the country's top refiner, on Friday reported a three-fold rise in net profit in the June quarter, helped by higher gross refining margins as prices of oil products surged.
-
Indian Oil Corporation To Fuel Expansion With Green Power
IOC also plans to build a green hydrogen plant at its 160,000 bpd Mathura refinery in northern Uttar Pradesh state.
-
Oil Refiners Process Less Crude In April As Pandemic Curbs Demand, Mobility
The country's biggest refiner, Indian Oil Corp has reduced crude processing to average at 84 per cent of overall capacity from 96 per cent in April.
-
Oil Refiners Cut Output, Imports As COVID-19 Hits Demand
State-run Bharat Petroleum Corp has cut its crude imports by 1 million barrels in May and will reduce purchases by 2 million barrels in June
-
Indian Oil Refiners Cut Output, Imports As Pandemic Hits Demand
Indian Oil Corp has reduced runs to an average of between 85% and 88% of processing capacity, adding runs could be cut further as its plants at Gujarat, Mathura and Panipat are facing problems storing bitumen and sulphur.
-
Indian Oil Corporation Buys Its First Johan Sverdrup Crude Cargoes: Report
State-run refiner Indian Oil Corporation (IOC) has made its first purchase of Norway's Johan Sverdrup crude, buying four million barrels via a tender as it speeds up diversification of crude imports.
