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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…
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
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
Extreme heat melts diesel demand, sales drop 4% in June
India's diesel demand slumped in June as extreme heat conditions in parts of the country curtailed …
PTI
IOC Q2 net profit jumps to Rs 12,967 cr; half yr profit tops best-ever full-year earning
State-owned Indian Oil Corporation (IOC) on Tuesday reported a return to profitability with a net p…
PTI
US imposes sanctions on Indian company over alleged Iran oil deal
On Thursday, the Department said that the company "purchased millions of dollars worth" petroche…
IIT Madras researchers devise method to detect petroleum
The Indian Institute of Technology (IIT) Madras researchers have developed a statistical approach t…
ANI
ONGC to invest ₹1 lakh cr in energy transition, targets net-zero by 2038
Net-zero for a company means achieving a balance between the quantum of greenhouse gases it pla…
PTI
Crude oil prices may hit $100/bbl after OPEC+ decision, say analysts
Crude oil prices are expected to rise after the oil cartel OPEC+ announced their decision to extend…
GAIL reports 16.5% growth in its net profit to ₹1,239 crore for the second quarter
The net profit, however, recovered by a wider margin compared to the previous quarter (Q1 of FY2…
Two-wheeler sales in India could contract by 16-18% in FY2021, says ICRA
Two-wheeler industry unit sales are now likely to decline between 16 and 18 per cent to around 17 m…
India may have to sell BPCL shares for less than the best price as the government needs money
The government needs money to stimulate the economy and tax collections are likely to be down.…
Politically created crude oil surplus is already ending says Goldman Sachs
Fundamentals for crude oil weakened in April-May with modest declines in the Russian exports, recor…
Amazon, Flipkart and Myntra sales – all unaffected by low consumer sentiment
India’s e-commerce titans — Amazon, Flipkart and Myntra — are all hosting their mid-year sales at t…
Russia revives oil exports to North Korea as US sounds alarm on more arms sales for Ukraine war
Since December 2022, Russia has exported 67,000 barrels of oil products to North Korea, a UN report…
Filip De Mott
Tata Consumer sees growth on the back of Starbucks, tea and salt
In FY22, its revenue grew 77% because of record store openings and entry in seven cities. In Ind…
Here’s why Hindustan Petroleum shares rallied over 7% today
The shares of Hindustan Petroleum (HPCL) gained over 7% after the oil refining and the marketing gi…
JSPL reports strong Q3 steel production, sales data
New Delhi, Jan 2 () Jindal Steel and Power Ltd (JSPL) on Thursday said its domestic production of c…
PTI
Crude oil, petroleum products may be covered under GST
If brought under the GST regime, it will reduce the inflationary impact of the tax. The GST council…
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…