Search For "oil market"
Worst may be behind for Indian oil marketing companies: Fitch
Updated : 3 years, 4 months ago IST
Retail losses from auto fuel prices that have been frozen for around six months amid elevated crude oil prices kept their profitability under pressure in the second quarter.
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Cabinet approves mechanism for ethanol procurement by Oil PSUs
Updated : 3 years, 4 months ago IST
The CCEA has approved higher ethanol price derived from different sugarcane-based raw materials under the EBP programme for the forthcoming sugar season 2022-23 during ESY 2022-23 from December 1, 2022, to October 31, 2023.
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Biden to release 15 million barrels from oil reserve, more possible
Updated : 3 years, 4 months ago IST
Washington [US], October 19 (ANI): President Joe Biden will announce the release of 15 million barrels of oil from the US strategic reserve on Wednesday as part of a response to recent production cuts announced by the Organization of the Petroleum Exporting Countries (OPEC+) nations.
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Telangana: KTR demands Centre to provide financial package or subsidy for
Updated : 3 years, 5 months ago IST
Hyderabad (Telangana) [India], October 14 (ANI): Reacting sharply to the Rs 22,000 crore one-time grant approved by the Union Cabinet to three oil marketing companies (OMC), Telangana Rashtra Samithi (TRS) working President and State Industries & Commerce Minister KT Rama Rao on Friday d
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Cabinet okays Rs22k-cr one-time grant to 3 state-run oil marketing firms f
Updated : 3 years, 5 months ago IST
New Delhi [India], October 12 (ANI): The Cabinet on Wednesday approved the proposal of the ministry of petroleum & natural gas to give one-time grant of Rs22,000 crore to three state-run oil marketing companies (OMCs) for the losses incurred in domestic LPG business.
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Hardeep Puri meets Tellurian company's CEO during his visit to US
Updated : 3 years, 5 months ago IST
Washington [US], October 12 (ANI): Union Minister for Petroleum and Natural Gas Hardeep Singh Puri met Octavio Simoes, President and Chief Executive Officer of Tellurian, a natural gas company, and exchanged notes on the opportunities for Indian Oil Marketing Companies to invest in Tellurian
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Prices of commercial cylinder slashed by Rs 91.5
Updated : 3 years, 6 months ago IST
New Delhi [India], September 1 (ANI): Oil marketing companies have reduced the price of per unit commercial LPG cylinder by Rs 91.50 with immediate effect.
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Government's Ethanol Blending Programme to be a game changer for India
Updated : 3 years, 7 months ago IST
Mumbai (Maharashtra) [India], August 9 (ANI/NewsVoir): Bharat Petroleum, the second largest Indian Oil Marketing Company and one of the premier integrated energy companies in India, has reiterated the strategic importance of biofuels in India, on the occasion of World Biofuel Day.
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Pakistan registers sharp decline in oil sales and consumption
Updated : 3 years, 7 months ago IST
Islamabad [Pakistan], August 2 (ANI): In line with Shehbaz Sharif-led Pakistan government's efforts to reduce oil import bills, Pakistan has registered a sharp decline in the sales by oil marketing companies during July showed data released on Monday by Oil Companies Advisory Council (OCAC).
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COVID management, economic growth to support crude demand in 2023: OPEC
Updated : 3 years, 8 months ago IST
New Delhi [India], July 13 (ANI): Better-than-expected containment of COVID-19 and expected firm economic growth are projected to support global demand for crude oil in 2023, the Organization of the Petroleum Exporting Countries (OPEC) said in its latest oil market report.
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Pakistan refineries facing imminent shutdown
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], June 22 (ANI): Amid an acute shortage of petroleum products, refineries in Pakistan have urged the federal government to take urgent steps to resolve this issue as a trade credit crisis would completely engulf oil marketing companies too after refineries.
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Alphalogic Techsys receives environment clearance nod for its ethanol proj
Updated : 3 years, 8 months ago IST
New Delhi [India], June 22 (ANI/ATK): Pune based Alphalogic Techsys has received the Environment Clearance from Ministry of Environment, Forest and Climate Change (MOEFCC) for its grain based bio-ethanol plant in Chandrapur district of Maharashtra.
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