Page 2 - Indian Oil Refiners

Russia shifts to Dubai oil price benchmark in Indian oil deal: Report

The decision by the two state-controlled companies to abandon the Europe-dominated Brent benchmark is part of a shift of Russia's oil sales towards Asia after Europe shunned Russian oil

Top headlines: Feb fuel demand hits 24-yr high, NPOs face PMLA regulations

Business Standard brings you the top headlines at this hour

Indian refiners may buy Russian oil for domestic demand, export own: Report

With these imports, India can maintain a domestic inventory of refined products like petrol and diesel

Indian refiners' crude oil processing in December rises 4% y/y: Govt data

India's Bharat Petroleum Corp plans to shut its multiple refineries for maintenance in the coming months

Adani Ports acquires 49.38% stake in Indian Oiltanking for Rs 1,050 cr

Adani Ports and Special Economic Zone (APSEZ) said that it has acquired a 49.38 per cent stake in Indian Oiltanking, a developer and operator of liquid storage facilities

Indian oil refiners scout for term deals ahead of EU's ban on Russian crude

Indian state refiners plan to lock-in more of their crude supplies in term deals, worried that tighter Western sanctions on Russia, including from the EU

Indian refiners pay dollars for Russian oil after Dubai bank rejects dirham

Indian companies are still buying Russian oil using dollars after Dubai's Mashreq Bank declined to handle payments from at least two refiners in Emirati Dirhams

India plans to set up strategic gas reserve amid global energy crisis

Amid a deepening global energy crisis, India is planning to set up a strategic gas reserve on the lines of its strategic petroleum reserve (SPR)

Nuberg Engineering to build Rs 650 cr SRU project at IOCL's Koyali refinery

Last year IOC had signed an MoU with Gujarat for adding petrochemical and lube plants to its previously announced plans to expand crude oil processing capacity at the refinery

Refiners en route to seize most gains from war fallout

Companies across the value chain, especially crude refiners, have seen material gains in tandem with record-high prices of crude oil. Find out the companies that are likely to seize the most gains.

Reliance Industries in focus as benchmark refining margin inches up

Morgan Stanley said RIL's margins would be 50 per cent above its last peak season in mid-2008

Russia has no extra oil to sign deals with two Indian buyers: Report

A lack of new term supply deals with Rosneft may push Indian refiners to turn to the spot market for more expensive oil

Air Products to supply hydrogen, nitrogen units for IOCL's Barauni refinery

Air Products, a world leader in industrial gases, on Wednesday said it has signed a long term supply agreement with the state-owned Indian Oil Corporation Limited (IOCL).

Margin gains for oil refiners amid Ukraine war-led energy price spike

RIL, MRPL and Chennai Petro stocks are up; BPCL, HPCL and IOC are weighed down over marketing margin concerns

India's Russian revolution in oil: Why refiners are buying more Urals crude

Refiners have jumped on to the bandwagon of opportunistic buying of heavily discounted Urals crude, which could, ironically, make the country Europe's refining hub

Russia's Rosneft ramps up oil sales to Indian Oil in May: Traders

Russia's Rosneft sold 700,000 tonnes of Urals oil loading from Baltic ports of Primorsk and Ust-Luga in May to Indian Oil Corp (IOC), the country's top refiner

India's refinery throughput stays firm with strong recovery in sight

Crude oil throughput in January was however down 0.5% year-on-year to 5.13 mn barrels per day (21.71 mn tonnes), govt data showed.

Indian refiners' August crude processing lowest in 10 months

Refiners processed 4.36 million barrels per day (18.44 million tonnes) of crude oil last month, the lowest since October 2020 and about 4.8% lower than 4.58 million bpd processed in July.

Indian refiners process less crude in April as pandemic stalls activity

Refiners processed about 4.9 million barrels per day (bpd) or 19.89 million tonnes of oil last month, government data showed

India offers to lift regular Saudi oil volumes in June after May cuts

Indian state refiners on Thursday placed orders for regular supplies from Saudi Aramco for June, after reducing purchases this month, drawn by lower prices by the world's top oil exporter