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You Searched For "petroleum products" and got 20 results


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5 mins read

BPCL planning Rs 1.7 lakh crore spend to expand core business, new energy foray over next five years

The firm is now implementing the first phase of a multi-decade aspirational journey in the form of …

PTI   


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2 mins read

India's exports to Kuwait surged by 34.78% Y-o-Y to USD 2.1 bn

India's trade with Kuwait has surged remarkably, with Indian exports to the Gulf nation reaching an…

ANI   


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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

EVs are not the only options for alternative fuel — make way for hydrogen and bio-fuel

Electric vehicles are gaining popularity worldwide due to consumer acceptance, policy backing, and …

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1 min read

Sugar stocks soar as govt permits use of sugar in ethanol production; Triveni Engineering, Dhampur Sugar rally over 7%

In December 2023, the government prohibited the use of sugarcane juice or sugar syrup for ethanol p…

PTI   


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1 min read

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 mi…

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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

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   


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2 mins read

The Strategic Petroleum Reserve 'would be harder to use,' and the only buffer for oil markets is Middle East production, energy expert says

The Strategic Petroleum Reserve currently sits at 40-year lows at 351 million barrels, according to…

Aruni Soni   


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2 mins read

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…

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1 min read

Putin backs OPEC production cuts but warns of losing oil-market share to the US

Putin backed the production cuts, but said the output is dropping "while it grows in other countrie…

Yuheng Zhan   


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1 min read

Russia will reportedly ban gasoline exports for 6 months to offset 'excessive' demand for crude products

The ban is meant to address rising domestic demand, and comes ahead of the March presidential elect…

Yuheng Zhan   


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2 mins read

India's exports dip 2.83% to $33.9 bn in Nov; trade deficit narrows to $20.58 bn: Govt data

India's merchandise exports slipped by 2.83 per cent to USD 33.90 billion in November while the tra…

PTI   


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2 mins read

Russia could face 2 new price caps for refined petroleum products as another EU embargo looms, report says

The two new measures would be aimed at Russian exports that trade both above the price of crude and…

Phil Rosen   


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4 mins read

ONGC starts oil production from delayed $5 billion deep-water project

State-owned Oil and Natural Gas Corporation (ONGC) on Monday said it has started oil production fro…

PTI   


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2 mins read

Oil prices are crashing. Blame uncertain demand and booming US production.

US crude prices plunged below $70 a barrel on Wednesday, while brent dropped to $74 as the global d…

Phil Rosen   


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1 min read

OPEC Plus will continue oil output cuts as prices remain unchanged

OPEC described the move as aiming to "achieve and sustain a stable oil market, and to provide long-…

ANI   


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2 mins read

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   


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3 mins read

IIT Madras researchers devise method to detect petroleum

The Indian Institute of Technology (IIT) Madras researchers have developed a statistical approach t…

ANI   


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2 mins read

Here's why OPEC's production cuts haven't boosted the price of oil

Oil demand is uncertain at a time when supply is rising both from countries within OPEC+ and from p…

Phil Rosen