Analysts feel that the gross refining margin (GRM) of Essar Oil would continue to match that of Reliance Industries (RIL) as the former has increased the complexity of its refining units. Essar Oil raised its refinery capacity to 405,000 barrels per day from 300,000 previously and its com
Tag: market
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Essar Oil may maintain GRM on par with RIL
Analysts feel that the gross refining margin (GRM) of Essar Oil would continue to match that of Reliance Industries (RIL) as the former has increased the complexity of its refining units. Essar Oil raised its refinery capacity to 405,000 barrels per day from 300,000 previously and its com
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OMCs post losses during Apr-Dec 2012 period
Even though state-run oil marketing companies (OMCs) announced profit during the quarter ending December 31, 2012, they posted losses on a nine-month period between Apr-Dec 2012. This is because the government did not make timely payment of subsidy amount to these firms (in the Apr-Jun 201
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OMCs post losses during Apr-Dec 2012 period
Even though state-run oil marketing companies (OMCs) announced profit during the quarter ending December 31, 2012, they posted losses on a nine-month period between Apr-Dec 2012. This is because the government did not make timely payment of subsidy amount to these firms (in the Apr-Jun 201
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Dual-pricing in diesel market creates leakages
Media reports suggest that the government's move to create dual-pricing system in the diesel market has created leakages with bulk buyers turning to retailers for taking advantage of lower prices. While oil marketing companies (OMCs) are allowed to charge market-determined price for bulk diesel buyers, they must charge a subsidised
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Dual-pricing in diesel market creates leakages
Media reports suggest that the government's move to create dual-pricing system in the diesel market has created leakages with bulk buyers turning to retailers for taking advantage of lower prices. While oil marketing companies (OMCs) are allowed to charge market-determined price for bulk diesel buyers, they must charge a subsidised
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Bond issues may rise in coming days
Media reports suggest that the number of manufacturing companies issuing bonds in the local market may rise in the coming days. Industry sources feel that companies are waiting for yields on corporate
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Crude oil price rises on strong economic data
International crude oil price rose marginally in recent trading sessions on the back of positive economic data from the US and the Europe. Recent data from the US shows rebound in its serv
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Morgan Stanley upgrades ratings on oil firms
Following the centre's move towards deregulating diesel prices, financial services firm Morgan Stanley upgraded the ratings on Oil and Natural Gas Corporation (ONGC) and Hindustan Petroleum (HPCL) to 'overweight' from 'equalweight'. On January 17, the central government allowed state-owned oil firms to raise prices in small measures every mon
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NMDC decides not to hike iron ore price for Feb
Anticipating decline in demand, National Mineral Development Corp (NMDC) decided not to raise price of iron ore and maintain it at Rs 5,060 ($95.01) per tonne for lumps, and Rs 2,610 per tonne for fines for February. It may be recalled that the country's biggest iron ore producer reduced prices by up to 6 per cent last month. It is lea