Indian Oil Refiners

Blended marketing margins rose to a 10-month high of about Rs 2.5 per litre in December, multiple analysts said

The decision by the two state-controlled companies to abandon the Europe-dominated Brent benchmark is part of a shift of Russia's oil sales towards Asia after Europe shunned Russian oil

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With these imports, India can maintain a domestic inventory of refined products like petrol and diesel

India's Bharat Petroleum Corp plans to shut its multiple refineries for maintenance in the coming months

Adani Ports and Special Economic Zone (APSEZ) said that it has acquired a 49.38 per cent stake in Indian Oiltanking, a developer and operator of liquid storage facilities

Indian state refiners plan to lock-in more of their crude supplies in term deals, worried that tighter Western sanctions on Russia, including from the EU

Indian companies are still buying Russian oil using dollars after Dubai's Mashreq Bank declined to handle payments from at least two refiners in Emirati Dirhams

Amid a deepening global energy crisis, India is planning to set up a strategic gas reserve on the lines of its strategic petroleum reserve (SPR)

Last year IOC had signed an MoU with Gujarat for adding petrochemical and lube plants to its previously announced plans to expand crude oil processing capacity at the refinery

Refiners en route to seize most gains from war fallout

Companies across the value chain, especially crude refiners, have seen material gains in tandem with record-high prices of crude oil. Find out the companies that are likely to seize the most gains.

Morgan Stanley said RIL's margins would be 50 per cent above its last peak season in mid-2008

A lack of new term supply deals with Rosneft may push Indian refiners to turn to the spot market for more expensive oil

Air Products, a world leader in industrial gases, on Wednesday said it has signed a long term supply agreement with the state-owned Indian Oil Corporation Limited (IOCL).

RIL, MRPL and Chennai Petro stocks are up; BPCL, HPCL and IOC are weighed down over marketing margin concerns

Refiners have jumped on to the bandwagon of opportunistic buying of heavily discounted Urals crude, which could, ironically, make the country Europe's refining hub

Russia's Rosneft sold 700,000 tonnes of Urals oil loading from Baltic ports of Primorsk and Ust-Luga in May to Indian Oil Corp (IOC), the country's top refiner

Crude oil throughput in January was however down 0.5% year-on-year to 5.13 mn barrels per day (21.71 mn tonnes), govt data showed.

Refiners processed 4.36 million barrels per day (18.44 million tonnes) of crude oil last month, the lowest since October 2020 and about 4.8% lower than 4.58 million bpd processed in July.

Refiners processed about 4.9 million barrels per day (bpd) or 19.89 million tonnes of oil last month, government data showed