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Latest Articles in Oil and Gas

Crude Oil Futures Rise On Spot Demand

Crude oil for April delivery traded higher by Rs 7, or 0.15 per cent, at Rs 4,749 per barrel in 3,266 lots.

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Crude Oil Futures Rise On Spot Demand

On the Multi Commodity Exchange, crude oil for April delivery traded higher by Rs 9, or 0.19 per cent, at Rs 4,761 per barrel in 5,520 lots.

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India's Palm Oil Imports Rise 56.50 Pc In March

The country's total vegetable oil imports rose marginally to 9,80,243 tonne in March 2021, compared to 9,55,422 tonne in the year-ago period.

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OIL Says Its Acquisition Of NRL Shares Will Ensure Energy Security Of India

OIL produces around 7-8 million metric standard cubic meters per day (MMSCMD) of natural gas (NG) in the North East region and supplies one MMSCMD of it to NRL

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In The Big League

HPCL continued its operations without any disruption to ensure availability of LPG, petrol, diesel and other products to the people while safeguarding its stakeholders and the workforce

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A Refined Behemoth

The central government on 20th November 2019 had accorded in-principle approval for strategic disinvestment of the government’s shareholding in BPCL excluding BPCL’s shareholding in Numaligarh Refinery (NRL).

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High Pressure Performance

Operational revenues for FY20 stood at Rs 96,213.6 crore while profit after tax (PAT) was Rs 13,444.5 crore. ONGC realised $58.61/bbl for domestic crude in FY’20 compared to $68.19/bbl in FY19.

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Fuelling Growth

Indian Oil maintained its leadership in aviation fuel during the year with a market share of 63.8 per cent among PSUs and 60.5 per cent across industry.

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Setting New Benchmarks

The retail business continued to scale new heights achieving important milestones in FY20 achieving a turnover of Rs 1,62,936 crore and a store count of 11,784.

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Bharat Petroleum Partners Accenture For Digital Transformation Of Sales, Distribution Network

This platform will integrate real-time data from across BPCL's countrywide network to provide a consolidated view of its extensive operations

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Crude Oil Futures Dip On Weak Spot Demand

Crude oil for April delivery dropped by Rs 5, or 0.11 per cent, to Rs 4,429 per barrel with a business volume of 5,445 lots.

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India's Fuel Consumption Contracts 9.1 Pc In FY21; First Since 1998-99

The GDP is estimated to have contracted by 7-8 per cent in 2020-21 after economic activity showed signs of recovery in last quarter of 2020.

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Rising Demand Lifts Refined Soya Oil Futures

Refined soya oil contracts for May delivery rose by Rs 9.1, or 0.7 per cent, to Rs 1,308.5 per 10 kg in 30,110 lots.

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India To Resume Buying Oil From Iran Once US Sanctions Ease

Iraq was India's biggest oil supplier, followed by Saudi Arabia and the UAE. Nigeria was fourth-largest supplier and the US was the fifth.

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Crude Oil Futures Rise On Spot Demand

On the Multi Commodity Exchange, crude oil for April delivery traded higher by Rs 63, or 1.44 per cent, at Rs 4,430 per barrel in 5,051 lots.

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