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Total 590 results found. Search for [ refiners ]

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May 12, 2020
State refiners, which together own about 60 percent of India's 5 million barrel per day (bpd) refining capacity, had to reduce the amount of crude they process as storage facilities filled up with unsold products due to a slump in demand

May 4, 2020
The nationwide lockdown, among the world's strictest, is being relaxed in some areas with fewer infections, although it will stay until May 17, the government said last week

New Delhi, April 23, 2020
The refiners processed about 21.20 million tonnes of oil last month which is 8.59 per cent lower than the target for the month

April 23, 2020
\"The big tanks where you pull a ship in and empty the whole thing, that's all gone. What you have is pots and pans,\" said Ernie Barsamian, chief executive of The Tank Tiger, a U.S. terminal storage clearinghouse

Nevin John
New Delhi, April 22, 2020
For India, which is the third largest consumer in the world, the whole SPR storage capacity comes to just 39 MB. So the country has the limitations when it comes to stocking up cheap crude for future

PB Jayakumar
April 21, 2020
Retail fuel prices in India have remained unchanged for weeks, as the demand is almost a fraction and the government is not able to realise the benefits from price fall

Manoj Sharma
New Delhi, April 21, 2020
Ongoing coronavirus lockdown in India means there is no economic activity and no significant demand for oil from industries. Indian refiners already have existing stock

April 20, 2020
Forecasts from the Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency on the outlook for oil consumption have reinforced the bearishness.

April 20, 2020
Forecasts from the Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency on the outlook for oil consumption have reinforced the bearishness

April 19, 2020
Diesel sales by state retailers in the first 15 days of April dropped by 61% from a year earlier while gasoline and jet fuel sales declined by 64% and 94%

Ranjana Roy Gawai
April 17, 2020
It is common for force majeure clauses to specify the impact that the event or circumstances in question must have, in order for the clause to be triggered

April 14, 2020
ISPRL wants to receive the cargoes before India's monsoon begins in May as the single point mooring system that can unload very large crude carriers (VLCC) at the port of Mangalore, which will feed two SPR sites, is shut during the three-month rainy season

April 14, 2020
The Saudi energy minister downplayed the move in oil prices on Monday, saying anticipation of the cuts was the reason for a rally in oil prices before the meeting. Since dipping below $22 a barrel two weeks ago, Brent has rebounded by roughly 48%.

April 2, 2020
Trump said at a news conference oil industry had been \"ravaged\", with oil prices having plummeted to 18-year lows amid a battle for market share between Saudi Arabia and Russia and fuel demand being slammed by coronavirus pandemic

March 30, 2020
Indians, known for their penchant for calorie-laden curry and deep-fried food, consume about 1.9 million tonnes of edible oil a month, with restaurants mainly using palm oil

Nevin John
March 16, 2020
BPCL's market value has tumbled about 24 per cent in the last one month to Rs 79,000 crore because of the coronavirus-induced crash in Indian stock market and dip in crude oil prices

Rupa Burman Roy
March 9, 2020
Saudi Arabia reportedly prepares to increase its crude production above 10 million barrels per day (bpd) in April, after the current deal to curb production expires at the end of March

February 28, 2020
Indian oil firms are planning to wind down the purchase of Venezuelan Oil fearing sanction by the US

New Delhi, February 28, 2020
Move comes as US President Donald Trump warned in New Delhi this week of an increase in sanctions in a bid to oust Venezuela's President Nicolas Maduro, whose 2018 re-election was considered a sham by most Western countries

February 4, 2020
Oil Ministry latest news: The Oil Ministry has moved a cabinet note seeking approval for hiving off state-owned gas utility GAIL (India) Ltd's pipeline business into a separate entity for a possible sale to a strategic investor at a later date. Here's what this exactly means

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