Search For "petroleum"
Oil marketing companies' FY24 combined profit rose over 25 times YoY
Updated : 1 year, 10 months ago IST
According to the Ministry of Petroleum and Natural Gas, the combined profit of OMCs for FY 2023-24 stood at Rs 86,000 crore, over 25 times higher than the extraordinarily difficult previous fiscal year.
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Sharjah Petroleum Council announces discovery of new reserves at Al Hadiba
Updated : 1 year, 10 months ago IST
The Sharjah Petroleum Council (SPC), a Government of Sharjah undertaking, has announced the discovery of new gas reserves in Al Hadiba field, located north of the Al Sajaa Industrial Area in Sharjah, in promising economically viable quantities.
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Evexia's move of acquiring Revin labs, Robust growth forecasted!
Updated : 1 year, 10 months ago IST
New Delhi [India], May 2: In the world of industrial applications, Evexia Lifecare limited stands out as a manufacturer of a range of petrochemical downstream products. These include specialized oils, chemicals, petroleum sulphates, and solvents crucial for industries such as rubber, leather
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Tripura govt imposes fuel rationing amid supply disruptions
Updated : 1 year, 11 months ago IST
Retail outlets (R/Os) of Indian Oil Corporation Ltd (IOCL), Hindustan Petroleum Corporation Ltd (HPCL), and Bharat Petroleum Corporation Ltd (BPCL) will enforce the daily fuel allocation, like Rs 200 per day for two-wheelers and three-wheelers, Rs 500 per day for four-wheelers.
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India slashes windfall tax on petroleum crude
Updated : 1 year, 11 months ago IST
The central government has reduced windfall tax on crude petroleum, according to a government notification. The special additional excise duty (SAED) on crude petroleum has been slashed from Rs 9,600 per tonne to Rs 8,400 per tonne.
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Combined Index of eight core industries increases by 5.2 pc in March
Updated : 1 year, 11 months ago IST
The combined Index of Eight Core Industries (ICI) increased by 5.2 per cent (provisional) in March, 2024 as compared to the Index in March, 2023
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UAE participates in World Energy Congress
Updated : 1 year, 11 months ago IST
The high-level delegation included Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs at the Ministry of Energy and Infrastructure, and representatives of Abu Dhabi Department of Energy, Etihad Water and Electricity, and Abu Dhabi National Oil Company (ADNOC), and BEEAH Group.
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Exhicon Acquires 89.99 Percent of United Helicharters
Updated : 1 year, 11 months ago IST
Doha [Qatar], April 25: Exhicon Events Media Solutions Ltd. (an Exhicon Group Company), listed on the BSE, has acquired 89.99 percent of the equity shares of United Helicharters Private Limited from Gulf Helicopters Company Q.S.C, a unit of Qatar General Petroleum Corporation, based in Doha
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Pakistan: Petroleum dealers warn of strike amid prices deregulation plan
Updated : 1 year, 11 months ago IST
Petroleum dealers in Pakistan have allegedly threatened to close their doors due to government efforts to loosen price regulations on fuel goods, ARY News reported on Monday.
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Hardeep Puri holds talks with OPEC Secy-General; discusses volatility in g
Updated : 1 year, 11 months ago IST
As one of the world's fastest-growing economies, India is committed to supporting efforts to achieve balance in global energy markets, said Hardeep Puri during the conversation, the Ministry of Petroleum and natural Gas said in a press release.
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Oil demand will grow 2.25 million bpd: OPEC
Updated : 1 year, 11 months ago IST
In its monthly report, OPEC predicted robust fuel use in the summer months and stuck to its forecast for relatively strong growth in global oil demand in 2024
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Crude oil prices can hit USD 100 a barrel in 2024 if OPEC maintains cuts:
Updated : 1 year, 11 months ago IST
According to S&P Global Commodity Insights, Russell Hardy, the CEO of Vitol, delivered this forecast, indicating that spot crude prices could surge to USD 100/b later this year if Organization of the Petroleum Exporting Countries (OPEC+) continues its production discipline and persists i
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