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India's petroleum product sales hit seven-month high in December

India's consumption of petroleum products rose to a seven-month high in December to about 20.05 mil…

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2 mins read

Katie Couric Repeated A Myth About US Petroleum Exports

The source of this error is that the U.S. is a net exporter of refined petroleum products, such as …

Calculated Risk   


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India's fuel demand drops 11 pc in March as Covid-19 hits aviation, transport sectors

"The airlines industry accounts for 6-8 per cent of total crude consumption. As more countries are…

PTI   


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2 mins read

Reliance cuts crude processing at Jamnagar SEZ refinery by 24 pc

In March 2020, the country's petroleum product consumption fell 17.79 per cent to 16.08 million to…

PTI   


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Hess Issues Important Statement Regarding Its Famous Toy Trucks

Hess CEO said the sale, "marks the culmination of our strategic transformation into a pure-play exp…

Myles Udland   


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Fuel demand gradually returning to pre-COVID levels: Govt

"Demand of industrial fuels such as sulphur, petcoke, and naphtha reached to levels of 89.3 per ce…

PTI   


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Bharat Petroleum reports 93% increase in its standalone net profit for April-June quarter

Bharat Petroleum Corporation Ltd (BPCL), the highlight among the host of state-run companies put on…

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1 min read

India's petroleum products demand to increase mid-single-digit percentage in 2023-24: Fitch

India's demand for petroleum products is likely to increase by a mid-single-digit percentage in the…

ANI   


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2 mins read

Digital payments firm AGS Transact Technologies to raise ₹800 crore via IPO

AGS Transact Technologies, a payments firm, is looking to raise ₹800 crore through its initial publ…

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2 mins read

Warren Buffett's $13 billion bet on Occidental Petroleum turns sour as oil prices hit a 3-year low

The $55 to $60 level has acted as a floor for Occidental Petroleum stock since Buffett started buyi…

Matthew Fox   


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3 mins read

IOC to decide on bidding for BPCL after govt lays out rules: Chairman

New Delhi, Jan 16 () Indian Oil Corp (IOC), the country's biggest oil firm, will decide on bidding …

PTI   


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1 min read

IOC declares force majeure on oil purchases from Saudi, UAE, Iraq, Kuwait

The company has reduced processing at its refineries by at least one-fourth as shutting down of bus…

PTI   


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3 mins read

The Energy Department Is Testing The Might Of The Strategic Petroleum Reserve Today

"By law, the Department of Energy is required to conduct continual evaluation of the Strategic Petr…

Rob Wile   


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2 mins read

Govt hikes windfall tax on domestic crude, reduces levy on export of diesel

As per the Gazette of India, the Ministry of Finance, Department of Revenue, issued two notificatio…

ANI   


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Saudi Arabia has big plans for India's energy sector

Indian Prime Minister Narendra Modi also sat down with the ministers and chief executives …