Omcs Oil
Oil firms float finished fuel products on Arabian Sea as demand slumps
They're running out of storage space on land and their refineries are running only at 50% of capacity; US Oil futures touch an unprecedented negative pricing
 "Oil firms float finished fuel products on Arabian Sea as demand slumps")
Bharat Petroleum divestment process begins amid coronavirus lockdown
Assam gives NOC for sale of 61.65% stake in Numaligarh Refinery, a BPCL subsidiary
 "Bharat Petroleum divestment process begins amid coronavirus lockdown")
Covid-19 lockdown: Fuel demand likely to slip 40% in April, says report
India is the world's third-largest energy consumer but the Covid-19 lockdown has shut businesses, suspended flights, stopped trains and brought almost the entire vehicular movement to a halt
 "Covid-19 lockdown: Fuel demand likely to slip 40% in April, says report")
BPCL, HPCL slip up to 5% as Cabinet relaxes fuel retailing norms
With this, new players in the fuel-marketing space like Total, Adani, and Saudi Aramco -- and even super markets -- can open outlets for selling automobile fuel.
 "BPCL, HPCL slip up to 5% as Cabinet relaxes fuel retailing norms")
HPCL, BPCL, IOC and aviation stocks tumble as global crude oil price surges
While paints and adhesive players too will see some margin pressure, upstream companies like ONGC, OIL India and GAIL are seen as beneficiaries
 "HPCL, BPCL, IOC and aviation stocks tumble as global crude oil price surges")
After talks, PSU OMCs begin jet fuel supply to Air India at 6 airports
Supplies to Air India resumed from Saturday evening, said an official spokesperson
 "After talks, PSU OMCs begin jet fuel supply to Air India at 6 airports")
