The company's Jamnagar refineries in Gujarat initially produced 100 tonnes of medical-grade oxygen, which has quickly been ramped up to over 700 tonnes, people aware of the matter said

Shipments from Saudi Arabia were 7.84 million tonnes, equivalent to 1.85 million barrels per day (bpd), data issued by China's General Administration of Customs showed on Tuesday

The gross refining margins have fallen during the pandemic and are slightly recovering at present; Essar Oil UK said the repeated lockdowns have resulted in all refiners experiencing low demand

About 20 people were injured, including refinery workers and several villagers who suffered burns while passing through the area, the local disaster mitigation agency said

OIL bought 54.16 per cent stake to raise its shareholding in the refinery to 80.16 per cent. Engineers India Ltd bought 4.4 per cent stake, and the balance 3.2 per cent was acquired by Government of Assam

Adani Wilmar IPO: The FMCG firm has hired legal advisers, and investment banks JP Morgan and Kotak Mahindra Capital to manage the listing

State refiners, which control about 60% of India's 5 million barrels per day (bpd) refining capacity, together import an average 14.7-14.8 million barrels of Saudi oil in a month, the sources said

The largest companies by size saw their sales shrink by 1.5 per cent in the December 2020 quarter, which was the lowest decline, CMIE said.

The Board of BPCL on Monday approved the sale of the company's 61.65 per cent stake in Numaligarh Refinery Ltd (NRL) to a consortium of state-owned Oil India, consultancy firm Engineers India Ltd (EIL) and Government of Assam for Rs 9,875.96 crore

The sale of Numaligarh Refinery Ltd clears the way for privatisation of India's second-largest fuel retailer

Expansion of the refinery would raise production of petrochemicals and value-added specialty products to improve its margins and help \"de-risk the conventional fuel business of the company\", says Indian Oil Corp

RIL stock has gained 6.84% or Rs 137.45 since February 22 when it closed at Rs 2,007.40 on BSE

RIL has said independent growth of company will enable focused approach towards opportunities across the O2C value chain. It will enhance efficiencies through self-sustaining capital structure and a dedicated management team

After demerger, holding company RIL will have upstream exploration and production business, financial services, treasury and textile business, while RIL O2C Ltd will have an oil-to-chemical business comprising refining and petrochemicals, fuel retail, and control over global subsidiaries of RIL

Crude oil throughput in January rose 0.6% year on year to 5.16 million barrels per day (21.81 million tonnes), the highest since November 2019, according to provisional government data

The $9-billion US-based Air Products, the world's leading industrial gases company, has extensive operations in India. Industrial gases are an integral raw material in energy, hydrocarbons and chemicals

While avoiding a direct reference to the constantly increasing fuel prices, PM Modi said that India imported more than 85 per cent of its oil requirements and 53 per cent of its gas needs in FY20

Brent has now risen for nine sessions in a row, its longest sustained period of gains since December 2018 to January 2019. It is the eighth daily rise for US crude

BPCL stock opened with a gain of 2.41% at Rs 430 against previous close of Rs 419.90 on BSE. The stock touched an intraday high of Rs 438.75, rising 4.49%

Stock Market News Updates Today: Sensex hit a record high of 51,753 and the Nifty hit a record high of 51,753 in early trade today. Both benchmark indices have gained over 11% in seven straight sessions