You Searched For "petroleum sales" and got 20 results
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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
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 mil…
1 min read
India slashes windfall tax on crude petroleum
The central government has reduced windfall tax on crude petroleum, according to a government notif…
ANI
2 mins read
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
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
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…
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
4 mins read
BPCL swings to profit of ₹10,644 cr in Q1 aided by freeze on retail selling prices
The consolidated net profit of ₹ 10,644.30 crore in April-June (first quarter of current 2023-24 fi…
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
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
2 mins read
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…
1 min read
The US made $4 billion selling oil this year on President Biden's unprecedented releases from the Strategic Petroleum Reserve
Sales from the Strategic Petroleum Reserve total 180 million barrels at an average of $96.25 per ba…
Phil Rosen
1 min read
BPCL shares plunge 5% as major energy companies including RIL, Saudi Aramco and BP skip the race for stake sale
Shares of BPCL on the BSE plunged 4.9 per cent to touch an intra-day low of Rs 392.35 per shar…
3 mins read
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…
4 mins read
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.…
1 min read
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…
3 mins read
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…
2 mins read
Warren Buffett's Berkshire Hathaway could invest $33 billion in under 18 months thanks to its flurry of stock purchases and deals
The famed investor's company has snapped up Occidental Petroleum and HP stock in recent weeks, and …
Theron Mohamed
1 min read
Billionaire investor Carl Icahn exits Occidental Petroleum stock as Warren Buffett reveals $5 billion stake in the energy giant
The activist investor slammed Occidental's financing deal with Buffett's Berkshire Hathaway in 2019…
Theron Mohamed
1 min read
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…