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Latest Articles in indian oil

OPEC's Share Of Indian Oil Imports In October Hits Lowest Since 2011

India, which usually imports about 80 per cent of its needs from members of the Organization of the Petroleum Exporting Countries (OPEC).

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Indian Oil's Second Quarter Net Profit Down By 83% To Rs 563 Crore

Its refinery throughput declined marginally to 17.53 million tonnes in Q2 FY20 as compared to 17.81 million tonnes in Q2 FY19.

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Equity Indices In The Green, Indian Oil Jumps Over 2%

Asian indices opened in the green led by the Japanese Nikkei which rose by over 1.5 per cent in early trade.

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Indian Oil Sells More Naphtha For August: Sources

IOC sold the 35,000-tonne naphtha cargo for Aug. 28-30 loading from Chennai to commodity trader Trafigura at a premium of about $17 a tonne to its own price formula on a free-on-board (FOB) basis after extending the validity of the sales tender by a day, the sources said.

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Indian Oil Corp Third-Quarter Profit Plunges About 91 Percent

Indian Oil Corp Ltd (IOC) reported nearly 91 percent slump in quarterly profit on Wednesday, as a plunge in global crude prices took a toll on margins of oil refiners and marketing companies

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Indian Oil Says Iran May Still Invest In Chennai Petroleum Expansion

Iran's participation has been questioned after India cut back its Iranian crude oil imports following U.S. sanctions

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Indian Oil Shuts 40,000-bpd Crude Unit At Haldia Plant After Small Fire

The crude unit has been isolated and is expected to resume operation from Saturday, the source said, adding that the remaining units at the plant were operating normally

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IOC, BPCL May Buy 26% Stake Each In GAIL

The government has so far not taken any view on the proposals made by IOC and BPCL

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IOC Third-quarter Profit Nearly Doubles, Beats Estimates

Net profit surged 97 percent to 78.83 billion rupees ($1.24 billion) in the quarter ended Dec. 31, from 39.95 billion rupees a year earlier

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IndianOil To Start Production Of Biomass-based Ethanol

Indian Oil Corporation (IndianOil) would initiate production of second generation ethanol by utilising crop residues and other biomass as feedstock at village Baoli in Panipat district of Haryana.

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Indian Oil To Double Refinery Capacity By 2030

India's public sector transnational, Indian Oil Corporation, plans to source at least six per cent of its crude oil requirements from its own exploration and production (E&P) ventures

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Government Favours Petcoke Import Ban, US Would Be Biggest Loser

The Supreme Court, which in October banned the use of petroleum coke in and around New Delhi in a bid to clean the air in one of the world's most polluted cities, is scheduled to hear a case on its use across the country later on Monday

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Indian Oil Refiners Issue Tanker Tenders Aimed At Boosting Domestic Shipping

According to the tender documents sent out by Bharat Petroleum Corp, they are only seeking bids from Indian-flagged Suezmax tankers capable of carrying up to 1 million barrels of oil for a five-year period

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Oil Up On Ongoing Supply Cuts, But Analysts Warn OPEC Must Stay The Course

The bullish market sentiment has been fuelled this year by the Organization of the Petroleum Exporting Countries (OPEC) and other producers, including Russia, to hold back 1.8 million barrels per day (bpd) in oil production to tighten markets

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ONGC May Sell IOC Stake To LIC To Fund HPCL Acquisition

The acquisition of 51.11 per cent government stake in HPCL will be funded through a combination of market borrowing and selling some stake in IOC and GAIL

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