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Latest Articles in indian oil corp

IOC Anticipates 100% Refinery Run Within 3 Months As Fuel Demand Returns

India's energy demand had halved after a nationwide lockdown was imposed in late March last year. But with gradual easing of restrictions, economic activity has rebounded.

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India's Daily Gasoline Sales In February Rise 1.5% Y/Y, Diesel Sales Fall 5.3% - Prelim Data

Gasoline and gasoil prices in India have risen to record highs, mirroring global markets. Taxes account for about 61% of retail gasoline prices and about 56% of diesel prices.

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India's December 1-15 Diesel Sales Down 5.2% Y/Y - Prelim Data

Diesel consumption, a key parameter linked to economic growth and which accounts for about 40% of overall refined fuel sales in India, fell to 2.8 million tonnes in the first half of the month.

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Indian Oil Corp's Crude Processing Rebounds To 100% Capacity In Nov

Local fuel demand - a proxy of oil consumption, in India has almost reached pre-Covid levels

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India's IOC Awards US Crude Purchase Tenders To Trafigura

IOC had sought up to 24 million barrels of U.S. crude for delivery between October 2020 and March 2021

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IOC Aims To Operate Refineries At 90% Capacity In June

The company said it was on track to spend the approved capital expenditure of 261.43 billion rupees ($3.46 billion) for 2020-21.

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BPCL To Invest Rs 1,500-1,700 Crore In Floating LNG Terminal In AP

The company will hold 74 per cent interest in the project while the remaining 26 per cent will be with Petronet LNG.

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Indian Oil Corp Says To Buy 180,000 BPD Iranian Oil In 2018/19

The company has a deal to buy 180,000 barrels per day (bpd)Iranian oil this fiscal year

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RBI Allows Oil Cos To Borrow Long-Term Working Capital From Overseas

Indian Oil Corp, Bharat Petroleum Corp Ltd, and Hindustan Petroleum Corp Ltd will be allowed to raise overseas funds with a minimum average maturity period of 3 or 5 years under the automatic route

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Indian Oil Corp Studies Renewed Venezuelan Crude Purchases

Venezuela's national oil company PDVSA has missed debt payments to ONGC Videsh, the foreign investment arm of Indian explorer Oil and Natural Gas Corp, for six months and wants to settle $449 million dues using existing and new Indian clients

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IOC Posts Nearly 18% Jump In Q2 Profit, But Misses Estimates

Net profit of the country's top refiner rose to Rs 36.96 billion ($568.35 million) in the three months through September 30, from 31.22 billion rupees a year earlier

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IOC Buys New US Crude Grades For December Delivery: Sources

IOC bought 1 million barrels each of US Southern Green Canyon (SGC) and WTI Midland crude likely from a Chinese trader, the people said, speaking on condition of anonymity

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Reliance Industries Enters Top Three Global Energy Companies

State-owned Indian Oil Corp (IOC) broke into the top 10 club, climbing to 7th position in the 2017 ranking, up from 14th rank in 2016

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Crude Oil Opens New Vistas In India-US Relationship

With this India, the world's third-largest oil importer, joins Asian countries like South Korea, Japan and China to buy American crude

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IOC Buys More US Crude; First To Purchase Eagle Ford Shale Oil

IOC bought 950,000 barrels of light sweet Eagle Ford shale oil and 950,000 barrels of heavy sour Mars crude for end-October delivery from trading firm Trafigura

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