Oil Firm

TotalEnergies Q2 earnings drop 6% on 'normalising' refining margins

Q2 adjusted net income $4.7 bn vs forecast $4.96 bn

Rupee stable; oil firms' dollar buys, 'nervous' equities cap upside

Traders expect the central bank's interventions will keep sharp declines in the rupee at bay

In the Lok Sabha poll year, oil companies get marketing Budget boost

Overall capex in the oil sector up by 18.6 per cent to Rs 1.33 trillion

Oil firms on OPEC+ output cut bets to stem sinking prices amid weak growth

Oil prices climbed on Friday on bets that OPEC+ will discuss output cuts at a meeting on Sept. 5, but the benchmarks were still on track to post their worst weekly drop

IOC raises Rs 1,500 cr via bonds at interest rate lower than sovereign

IOC priced its five-year rupee bonds at a coupon rate of 6.14 per cent tighter than a similar maturing government bond that is trading at an annualised yield of 6.29 per cent

IOC to invest Rs 7,000 cr in city gas after it secures 33% market areas

Indian Oil Corporation on Sunday said it will invest over Rs 7,000 crore in setting up city gas distribution networks in the cities for which it has secured a licence in the latest bidding round.

Crude oil prices extend gains to multi-year highs on tight supply

Brent crude futures rose by 64 cents, or 0.8%, to $86.17 a barrel by 1105 GMT, following on from last Friday's 1.1% gain.

IOC to build India's first green hydrogen plant at Mathura refinery

IOC will build the nation's first 'green hydrogen' plant at its Mathura refinery, as it aims to prepare for a future catering to the growing demand for both oil and cleaner forms of energy.

Discovered small fields: Govt may extend bank guarantee relaxation

Officials in the know say this re­laxation was given during the first wave of the Covid-19 pandemic

Oil firm responsible for defective cylinder

A company needs to conclusively show that the consumer was negligent to refute any claim