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Reuters
August 13, 2019
Indian Oil Corp sold a naphtha cargo last Thursday, bringing its total August exports to 97,000 tonnes, the highest monthly volume from the port of Chennai since 2015, three industry sources said on Tuesday.


BusinessToday.In
August 7, 2019
If the Modi government goes ahead with the proposal, you may soon be able to buy petrol, diesel from supermarket. The move will also open the gates for multi-brand retail majors such as Future Group and Reliance Retail as well as global players such as Saudi Aramco, Total and Trafigura to enter the booming business.


PTI
January 7, 2019



PTI
October 5, 2018



Nevin John
October 3, 2018
The Indian oil refiners buy Iranian crude at $3-5 a barrel discount to the other crude grades in the Middle East. The benefits include the $2-4 discount for a barrel of crude; $1 a barrel freight subsidies; and the extended payment facilities.


Aseem Thapliyal
October 3, 2018
With volatility in the market taking a toll on indices and individual stocks this year, the Indian rupee came under severe pressure and hit its all-time low of 73.41 against the US dollar today.


BusinessToday.In
New Delhi, October 3, 2018
The Indian currency fell 47 paise against the dollar to 73.38 level intra day. The currency which closed at 72.91 on Monday opened on a weak note at 73.26 and fell further to 73.34  against the US dollar.


BusinessToday.In
September 25, 2018
The Indian currency started 26 paise lower at 72.89 per dollar on negative global cues.  On Monday, the rupee rose marginally higher against the US dollar but pared gains in late trade to close 43 paise lower at 72.63 level.


BusinessToday.In
New Delhi, September 24, 2018
The refinery officials' plan to cut imports illustrates that rising crude prices and emerging market currency weakness may start causing oil demand to decline in a number of markets that have so far seen healthy crude consumption.


BusinessToday.In
September 24, 2018
While the Sensex closed 536 points or 1.46% lower to 36,305, the Nifty lost 175 points or 1.58% to trade at 10,967 level. This is the weakest closing since July 11 when it settled at 36,265.93. The Sensex has lost 1,249.04 points in the previous four sessions.


BusinessToday.In
September 24, 2018
Brent crude, the international oil benchmark, jumped 2.6 per cent on Monday, its highest since 2014, after Saudi Arabia-led OPEC and Russia stopped short of pledging to boost crude output ahead of US sanctions on Iran.


BusinessToday.In
September 24, 2018
While the SpiceJet stock fell up to 4.15% to 73.85 level  in afternoon trade,  the InterGlobe Aviation stock was down up to 6.011% to 851 level on the BSE.  


BusinessToday.In
New Delhi, April 26, 2018
The new company has been planning to expand the capacity of its refinery in Vadinar, Gujarat, which is India's second largest single site refinery. It has a capacity of 20 million tonnes a year. Also, it aims to increase the company presence by expanding the petrol pump network from 4,473 to 6,000 outlets.


PTI
October 1, 2017
India will tomorrow receive its first ever shipment of US crude oil when a very large crude carrier (VLCC) docks at Paradip port in Odisha.


BT Online
New Delhi, August 21, 2017
The bigget foreign acquisition seen in India came in the form of Essar-Rosneft deal today. Here's what it mean to various stakeholders party to the deal, directly or indirectly.


Reuters
August 21, 2017
Essar Group on Monday announced closure of $12.9 billion deal to sell its refining arm Essar Oil to a consortium led by Russian oil major Rosneft, boosting ties between the world's top oil producer and the fastest growing fuel consumer.


Reuters
New Delhi, August 21, 2017
A consortium led by Russian oil major Rosneft(ROSN.MM) will announce on Monday completion of a $12.9 billion deal to acquire Indian private refiner Essar Oil, strengthening ties between the world's largest oil producer and the fastest growing fuel consumer.


BT Online
New Delhi, June 23, 2017
The objection over the deal comes from the fact that this deal will put Rosneft in control of the Vadinar port in Gujarat.


Nevin John
New Delhi, June 10, 2017
The Essar group plans to reduce debt by $10 billion with the sale of its oil refinery, related assets and BPO business.


Nevin John
New Delhi, June 15, 2017
As debt hits Rs 1.38 lakh crore, the Ruias are looking to recast the group once again.


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