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Rapid EV Adoption in India Fanning Expectations That Fuel Demand Could Peak Early
Electric vehicle adoption in India is growing rapidly, prompting a major rethink about demand for fuel, while refiners in the third-largest economy on the continent are moving away from producing fuel. Despite new momentum in India, the question for the country is whether it will be enough to ultimately shake its fossil fuel dependency. State refin...
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Essar Seeks $350 Million From Russia-Backed Nayara In Brand Pact: Report
Essar Group has asked Nayara Energy to pay about $350 million upfront for a brand licensing deal struck 5 years ago when Essar Oil was sold to the Russian-led group, instead of staggering the payment.
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Major Traders, Banks Cut Business Ties With Russia-Backed Refiner: Report
Many global oil traders and banks have stopped dealing withrefiner Nayara Energy, a Rosneft affiliate, as they are worried about Western sanctions over Russia's invasion of Ukraine, two people with knowledge of the matter told Reuters.
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Russia-Backed Refiner Nayara Energy Posts Record Profit Of Rs 35.64 Billion
Nayara Energy, part owned by Russian oil major RosneftMM>, posted a record quarterly profit in April-June as its margins improved due to higher intake of discounted Russian oil and fuel exports.
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Selling Diesel At Rs 20-25 Per Litre loss, Petrol At Rs 14-18: Retailers
Selling diesel at Rs 20-25 a litre below cost and petrol at Rs 14-18 per litre below cost, as a result of a price freeze despite soaring crude rates is unsustainable, an industry body representing private fuel retailers like Jio-bp and Nayara Energy has told the Oil Ministry and has sought its intervention to create a viable investment environment.
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Fuel Retailers Staring At Under-Recoveries, Says Petroleum Minister
With fuel prices remaining unchanged for almost two months despite a rise in cost, oil companies have started detailing under-recoveries or losses
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India Bullish On Russian Crude, But Exports Face Sanctions Risk: Report
Imports of Russian crude by India hit a record high in May, and will likely rise again in June
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Private Refiners Rake In Profits From Cheap Russian Crude Purchase
Indian private refiners such as Reliance and Nayara have been among the biggest buyers this year of discounted Russian supplies
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Post Fuel Excise Duty Cut Reliance-BP Joint Venture Says Operations Unsustainable
RBML - the joint venture of Reliance Industries Ltd and BP - has told Government that fuel retailing for private sector has become unsustainable
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India's Russian Crude Buy Since Ukraine Conflict Double Than 2021 Purchase
India has bought more than twice as much crude oil from Russia in the two months since its invasion of Ukraine as it did in the whole of 2021
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Some Banks Stop Credit For Oil Imports By Rosneft-Owned India Refiner Nayara - Report
HDFC Bank and some foreign banks have stopped offering trade credit for oil imports to Nayara Energy, a Russian-backed refiner, and some suppliers are seeking payment upfront to avoid potential problems resulting from western sanctions against Moscow
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Some Lenders Stop Credit For Oil Imports By Russian-Backed Refiner Nayara: Report
India's HDFC Bank and some foreign banks have stopped offering trade credit for oil imports to Nayara Energy, a Russian-backed refiner.
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India's Nayara Energy Buys Russian Urals Crude After A Year: Report
Indian private refiner Nayara Energy, part-owned by Russia's Rosneft, has purchased Russian oil after a gap of a year, buying about 1.8 million barrels of Urals from trader Trafigura, two trade sources said and Refinitiv data shows.
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Russia-Linked Nayara Energy Put Under Credit Watch: CARE Ratings
CARE Ratings on Monday said it has placed the long-term ratings of Indian refiner Nayara Energy, part owned by Russia's Rosneft, on credit watch
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India's Nayara Energy Hopes To Operate Refinery At 100% In 2021
India's fuel demand is likely to rise by 9%-11% as the economy in India is "steered towards higher growth" after the easing of the second wave of COVID-19, Chief Executive Alois Virag said.
-
Rapid EV Adoption in India Fanning Expectations That Fuel Demand Could Peak Early
Electric vehicle adoption in India is growing rapidly, prompting a major rethink about demand for fuel, while refiners in the third-largest economy on the continent are moving away from producing fuel. Despite new momentum in India, the question for the country is whether it will be enough to ultimately shake its fossil fuel dependency. State refin...
-
Essar Seeks $350 Million From Russia-Backed Nayara In Brand Pact: Report
Essar Group has asked Nayara Energy to pay about $350 million upfront for a brand licensing deal struck 5 years ago when Essar Oil was sold to the Russian-led group, instead of staggering the payment.
-
Major Traders, Banks Cut Business Ties With Russia-Backed Refiner: Report
Many global oil traders and banks have stopped dealing withrefiner Nayara Energy, a Rosneft affiliate, as they are worried about Western sanctions over Russia's invasion of Ukraine, two people with knowledge of the matter told Reuters.
-
Russia-Backed Refiner Nayara Energy Posts Record Profit Of Rs 35.64 Billion
Nayara Energy, part owned by Russian oil major RosneftMM>, posted a record quarterly profit in April-June as its margins improved due to higher intake of discounted Russian oil and fuel exports.
-
Selling Diesel At Rs 20-25 Per Litre loss, Petrol At Rs 14-18: Retailers
Selling diesel at Rs 20-25 a litre below cost and petrol at Rs 14-18 per litre below cost, as a result of a price freeze despite soaring crude rates is unsustainable, an industry body representing private fuel retailers like Jio-bp and Nayara Energy has told the Oil Ministry and has sought its intervention to create a viable investment environment.
-
Fuel Retailers Staring At Under-Recoveries, Says Petroleum Minister
With fuel prices remaining unchanged for almost two months despite a rise in cost, oil companies have started detailing under-recoveries or losses
-
India Bullish On Russian Crude, But Exports Face Sanctions Risk: Report
Imports of Russian crude by India hit a record high in May, and will likely rise again in June
-
Private Refiners Rake In Profits From Cheap Russian Crude Purchase
Indian private refiners such as Reliance and Nayara have been among the biggest buyers this year of discounted Russian supplies
-
Post Fuel Excise Duty Cut Reliance-BP Joint Venture Says Operations Unsustainable
RBML - the joint venture of Reliance Industries Ltd and BP - has told Government that fuel retailing for private sector has become unsustainable
-
India's Russian Crude Buy Since Ukraine Conflict Double Than 2021 Purchase
India has bought more than twice as much crude oil from Russia in the two months since its invasion of Ukraine as it did in the whole of 2021
-
Some Banks Stop Credit For Oil Imports By Rosneft-Owned India Refiner Nayara - Report
HDFC Bank and some foreign banks have stopped offering trade credit for oil imports to Nayara Energy, a Russian-backed refiner, and some suppliers are seeking payment upfront to avoid potential problems resulting from western sanctions against Moscow
-
Some Lenders Stop Credit For Oil Imports By Russian-Backed Refiner Nayara: Report
India's HDFC Bank and some foreign banks have stopped offering trade credit for oil imports to Nayara Energy, a Russian-backed refiner.
-
India's Nayara Energy Buys Russian Urals Crude After A Year: Report
Indian private refiner Nayara Energy, part-owned by Russia's Rosneft, has purchased Russian oil after a gap of a year, buying about 1.8 million barrels of Urals from trader Trafigura, two trade sources said and Refinitiv data shows.
-
Russia-Linked Nayara Energy Put Under Credit Watch: CARE Ratings
CARE Ratings on Monday said it has placed the long-term ratings of Indian refiner Nayara Energy, part owned by Russia's Rosneft, on credit watch
-
India's Nayara Energy Hopes To Operate Refinery At 100% In 2021
India's fuel demand is likely to rise by 9%-11% as the economy in India is "steered towards higher growth" after the easing of the second wave of COVID-19, Chief Executive Alois Virag said.
