IOC Crude Oil

Indian Oil Corp will restart crude processing at its 300,000 barrel per day Paradip refinery in eastern Odisha state from mid-September after a 45-day maintenance turnaround

Power cuts lasting over 13 hours came to be in place on Thursday, the longest cut since 1996 when a strike by the state power entity employees caused a 72-hour black out

The plummeting demand for energy across the board is causing a major headache for the sector will be how to balance its limited storage capacity

The company will buy more crude from the US if the market conditions remain favourable