Page 3 - Indian Oil Refiners

Sustained marketing margins, recovering demand aid profitability of OMCs

The agency expects above long-term average MMs from FY22, which should aid GRMs in the short term

Indian Oil board gives nod for subsidiary to set up Rs 29,000 cr refinery

The 9 MMTPA (Million Metric Tonne Per Annum) refinery will be built at Nagappattinam, with a Polypropylene unit to start with and facility to process crude oil

Oil refiners on the margin amid rising crude prices, muted demand

Indian majors have to balance between rising crude prices, muted demand and heavy central and state levies on retail prices

India's top refiner buys most crude since Covid-19 outbreak: Report

Indian Oil Corp is the country's largest state refiner

Indian refiners bet on petrochems to cater rising demand, avoid low margins

At present Indian refiners are geared up to maximise output of diesel, which makes up about two-fifths of refined fuel demand in Asia's third-largest economy

IOC mulls deferring expansion of projects to sync them with demand

In an interview, Vaidya said oil demand in India has not been destructed but only deferred and Indian Oil Corp (IOC) was also betting big on petrochemicals to hedge fuel shocks

Refiners likely to add only a fourth of targeted petrol pumps in India

This move, which came just before the polls, was pitched as a step to create over one million jobs.

Domestic refiners shut down for maintenance as fuel demand wanes

Some firms also cut down their throughput

Indian Oil cranks up refinery runs to over 80% as demand doubles in May

Firm says consumption of all petroleum products put together almost doubled in May over April levels

IOC aims to operate refineries at 90% capacity in June as demand recovers

Refiners in Asia are cranking up runs as the lifting of lockdown restrictions is pushing up fuel demand. India's fuel consumption in May increased significantly from April

State refiners fill up India's strategic reserves with spare crude oil

Buying more crude to fill strategic capacity will benefit India as international crude oil prices are falling

As coronavirus outbreak destroys fuel demand, global refiners consider cuts

Traders, all speaking on condition of anonymity, said it was extremely difficult for refiners to plan their run rates because the situation changes every day

HPCL most vulnerable to falling refining margins; RIL best placed

A higher diesel spread means refiners will see better GRMs as compared to the benchmark

India must expand fuel refining capacity by 80% despite EV push: Pradhan

The world's third-largest energy consumer would need a combination of cleaner diesel and petrol, compressed natural gas (CNG), biofuels and electric vehicles

Indian refiners turn to Opec, Mexico, US to make up for Iran oil loss

All four Indian state-owned refiners that buy Iranian oil are confident of securing additional barrels from other producers

India advises refiner to avoid US system for buying Venezuelan oil

India's Foreign Ministry said the country was monitoring the evolving situation in Venezuela

The story of India's failure to drill its own oil in 9 charts

These nine charts explain how a failed energy exploration policy has stalled expansion of India's domestic oil production

Indian oil refiners to use dirty fuel 'pet coke' for power generation

The oil ministry has also asked state refiners to consider setting up petcoke gasifiers, a government source said