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Shell just reaped an extra $1 billion from oil refining in 3 months as gas prices at the pump skyrocketed
Oil giant Shell was a major winner from the run-up in fuel prices, with refining margins almost tri…
Harry Robertson
US gas prices will surge even higher thanks to shrinking stockpiles and refinery bottlenecks, Rystad Energy says
Wholesale gas prices fell this week, but the drop is only temporary, Rystad said. It expects supply…
Harry Robertson
Bottlenecks at oil refineries have sent US gas prices soaring to top $5 a gallon and the crisis is unlikely to end soon
The surge in gas prices is hurting American drivers — and President Joe Biden. But analysts s…
Harry Robertson
India's core sector output rises by 7.4 per cent in December
The number stood at 5.4 per cent in November, 2022. "The production of coal, electricity, ste…
ANI
India to release 5 million barrels of crude oil from strategic reserves on US request
This is the first time ever that India, which stores 5.33 million tonnes or about 38 million bar…
PTI
A Bill Gates fund invested $50 million in a startup that's building a massive refinery to turn alcohol into jet fuel
LanzaJet, which makes jet fuel from ethanol, received the grant from the Gates-led Breakthrough Ene…
Stephen Jones
Core sector output increases 5.4% in November
The growth rate of eight infrastructure sectors -- coal, crude oil, natural gas, refinery produ…
PTI
Drivers could see gas prices surge to nearly $7 a gallon in some US states as refinery issues bite supply and Chinese demand bounces back, GasBuddy says
"2023 is not going to be a cakewalk for motorists. It could be expensive," said Patrick De Haan, he…
Zahra Tayeb
Your morning coffee is about to get more expensive
The US is running low on coffee due to a drought in Brazil and congested shipping ports. Say goodby…
Hillary Hoffower
Russia says it slashed oil production by 700,000 barrels a day in March, far more than originally planned
The cutback in March is a 40% larger reduction than the country pledged in February and could have …
Filip De Mott
Oil's worst turbulence since 'Black April' has passed, the IEA says, even as coronavirus cases surge and inventories grow
The oil market has made some headway since "Black April," when prices turned negative for the first…
Shalini Nagarajan
Oil refineries improve run rate; Reliance cuts crude processing for 3rd straight month
RIL refineries processed 5.312 million tonnes of crude oil in May, down 12.5 per cent over the…
PTI
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
IOC cuts refinery run-rate by one-fourth as fuel demand evaporates
"In the midst of a reduction in demand for major petro products, there has been an increase in dema…
PTI
COVID-19: IOC's Mathura Refinery organises health testing camp for contract workers
He said the refinery has also conducted extensive sanitisation of adjoining villages, including Dh…
PTI
Russian oil products are likely ending up in the US after being refined in India, report says
"It does look like there's a trade where Russian crude is refined in India and then some of it is s…
Phil Rosen
Vedanta expects output at Lanjigarh alumina refinery to increase to 1.8 MT in 2019-20
"The Lanjigarh alumina refinery is set for a record performance in 2019-20 with total production e…
PTI
Output of eight major industries across India slumps by 8.5% in August
The deceleration rate in the production of India's eight major industries continued in August, offi…
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Maria Del Russo
Tata Projects bags Rs 6,000-crore orders in oil, gas refinery sector
Mumbai, Jan 23 () Engineering firm Tata Projects on Thursday said it has bagged four contracts wort…