Petroleum refiners in the country are awaiting the government to solve the insurance issue of crude oil imported from Iran. The sanction imposed by western countries prohibits any firm from insuring crude oil imports from the gulf nation
FlashNews:
Biofuels Earn Farmers $15 Billion Over 11 Years, Says Puri; Reaffirms Commitment to Shield Consumers from Fuel Price Volatility
Reacting to Trump tariffs, India, Brazil expand oil ties: S&P Global Commodity Insights
Jupiter Wagons Secures $25.8 Million Vande Bharat Wheelset Order, Plans Major Odisha Expansion
WABAG Wins $5.6 Million Water Management Contract for RenewSys Solar Cell Facility in Hyderabad
IHCL to redevelop historic Chotelal Ki Ghat in Kolkata under heritage-led riverfront initiative
India’s Airline Profitability to Dip Amid Airspace Disruptions and Safety Concerns: Crisil Ratings
Welspun One Expands South India Warehousing Portfolio with $258 Million Investment
India Post Launches $700 Million Digital Overhaul with Advanced Postal Technology Rollout
Suzlon Commits to 100% Renewable Energy Across All Manufacturing Units by 2030
Inox Wind Divests ₹1.75 Bn Stake in EPC Arm at ₹74 Bn Valuation
Air India and IndianOil Sign SAF Supply Pact to Advance Net-Zero Aviation Goals
New HAM Bidding Norms May Sideline 25% of Road Developers, Says Crisil Ratings
INOX Wind Posts Record Q1 Profit, Strengthens Growth Outlook
Genesys International Q1 Profit Surges 32% on Strong Mapping Demand
Asia-Pacific to Drive 33% of Global Regional Jet Demand by 2045: Embraer
India Achieves 100 GW Solar PV Milestone with ALMM-Driven Expansion
Air India Accelerates $400 Million Fleet Retrofit Programme Across Widebody and Narrowbody Aircraft
ONGC Q1 FY2026 Net Profit Rises 18.2% to ₹115.5 Billion on Strong Gas Realisations and Offshore Gains
Centre Defends Ethanol Blending Programme Amid Mileage Concerns; Highlights $16.5 Billion Forex Savings
Aegis Logistics setting up terminal at Pipavav Port
Aegis Logistics is developing the first liquid terminal at Pipavav Port where a new berth for liquid cargo has already been built by the port. Specifically, the port has secured the requisite approvals for setting up a Bulk Liquid and Gas Storage Ter
Aegis Logistics setting up terminal at Pipavav Port
Aegis Logistics is developing the first liquid terminal at Pipavav Port where a new berth for liquid cargo has already been built by the port. Specifically, the port has secured the requisite approvals for setting up a Bulk Liquid and Gas Storage Ter
Petrofed warns against shifting to export parity pricing
The Petroleum Federation of India (Petrofed), an apex body of entities in hydrocarbon sector, warned the union finance ministry against its proposed norm for calculation of under-recoveries of state-run oil marketing companies (OMCs). Recently, the finance ministry proposed that the export parity price should be considered for calculating under-recoveries of OMCs instead of the present trade parit
32 oil and gas blocks get conditional nod
Reports indicate that 32 oil and gas blocks received conditional clearance from the defence ministry. The defence ministry has sought a realignment for five of these blocks, which are part of the Krishna Godavari basin, as they overlap with existing notified IAF range areas
32 oil and gas blocks get conditional nod
Reports indicate that 32 oil and gas blocks received conditional clearance from the defence ministry. The defence ministry has sought a realignment for five of these blocks, which are part of the Krishna Godavari basin, as they overlap with existing notified IAF range areas
32 oil and gas blocks get conditional nod
Reports indicate that 32 oil and gas blocks received conditional clearance from the defence ministry. The defence ministry has sought a realignment for five of these blocks, which are part of the Krishna Godavari basin, as they overlap with existing notified IAF range areas
CMIE expects output from refineries to rise upto 7%
Centre for Monitoring Indian Economy (CMIE) expects output of petroleum refiners to rise between 3-7 percent in the remaining three months of 2012-13. In a recent report, the research body said the refiners may process around 18.5 million tonne of crude oil in each of the remaining months of fiscal 2012-13.
For t
Private firms eye bulk diesel sale market
Media reports suggest that private fuel retailers like Essar Oil, Reliance Industries (RIL) would attempt to grab the share of the bulk diesel customer market after the government de-regulated pricing in the segment. The government allowed oil marketing companies (OMCs) to charge market price for bulk customers of diesel, that include railways, industrial users and State Trans
Private refiners reduce export to cater to domestic demand
Reports suggest that private sector oil refining firms like Essar Oil have reduced export of diesel recently in order to cater to the rising demand in the domestic market. Diesel is used in the industrial, agricultural and transport sectors in the country. For example, Essar Oil has reportedly offered only one d