Page 4 - Indian Oil Corp

Vaccine roll-out points to more certain recovery in 2021, says IOC chairman

The crude prices are rising, but refining margins are influenced by product cracks

Indian Oil cancels LNG import tender due to higher prices: Report

Indian Oil Corp has cancelled its tender to import liquefied natural gas (LNG) for delivery in mid February due to higher prices, two trade sources familiar with the matter said.

Top headlines: SC puts farm laws on hold; WhatsApp explains policy change

After nearly two months of lock-out, Toyota Kirloskar Motor has resumed operations at its Bidadi plant, First consignment of Covishield vaccines left Serum Institute of India for rollout

Rise in fuel sales in 2020 shows signs of economic recovery: Indian Oil

IOC chairman S M Vaidya said 2020 was a year of digitalisation at the state-run oil marketing company, which had helped it achieve seamless business continuity

Things India must do to be a functioning social democracy

If even a modest but growing social welfare package is to be affordable, the public sector has to perform or be disbanded so that the govt can shut down one of the two cash burners, writes T N Ninan

India's top refiner buys most crude since Covid-19 outbreak: Report

Indian Oil Corp is the country's largest state refiner

Mukesh Ambani among world leaders to discuss post-Covid economic recovery

Reliance head Mukesh Ambani and Indian Oil Corp Chairman Shrikant Vaidya will join over 30 world leaders from oil, gas and petrochemical industries to discuss post-Covid-19 economic recovery

Petrol, diesel prices on freeze: IOC says international trend range-bound

State-owned Indian Oil Corp (IOC) on Friday said international oil prices have been range-bound in the last few weeks, warranting no revision in retail petrol and diesel rates.

Expecting demand bump in festive season, oil companies ramp up refining

Indian Oil Corp., the nation's top processor, is currently operating its refineries at an average rate of 86% of capacity, compared with 66.7% in August

OMC stocks come under pressure over muted demand, weak refining margins

Rising Covid-19 cases in India and talks of a second wave of the pandemic globally are adding to concerns on demand for petroleum products moving forward

With fuel demand falling, Indian Oil bets on plastics to cushion the blow

While there is consumer and govt pressure across the world to reduce the use of plastics, processors in Asia are building or planning petrochemical plants with demand for transport fuels set to ease

Chennai Petroleum to invest Rs 1,850 cr in BS VI auto fuel quality upgrade

CPCL has undertaken a project to use natural gas as an internal fuel, replacing the existing liquid material such as fuel oil and naphtha, at an estimated cost of Rs 421 cr

India state-owned refiners halt oil imports from Chinese companies: Report

Refiners stop sending crude import tenders to Chinese trading firm like CNOOC, Unipec and PetroChina, among others

Indian Oil Corp to fully restart Odisha's Paradip refinery by Saturday

The refinery's maintenance shutdown has been extended by a few days due to shortage of laborers amid the Covid-19 pandemic

Indian Oil Corp nears first deal to export fuels to Mauritius: Report

IOC mostly stays away from participating in term tenders for fuel exports as the refiner sells most of its fuel in the local market, besides supplying its retail outlets in Nepal and Bhutan

Decline in order inflow at L&T does not augur well for capital goods sector

Even though it was better than what analysts had expected, it still paints a bleak picture.

Trading strategies by Religare Broking: Buy Indian Oil Corporation, Titan

TITAN has been trading within 940-1030 zone for almost one and a half months, taking a pause after a sharp rebound

India may remain invested in Farzad-B without development rights: Report

Farzad-B, which was discovered by OVL in the Farsi block about 10 years ago, had in-place gas reserve of 21.7 trillion cubic feet, of which 12.5 Tcf is believed to be recoverable

India's petrol, diesel demand falls again due to high prices, lockdown

India on Friday became the third country in the world to record more than one million cases of the new coronavirus, behind only the United States and Brazil

India's fuel sales in June at 88% of pre-Covid levels, says govt

At 11.8 million tonnes of consumption, fuel demand in June was 88 per cent of 13.4 million tonnes consumption in June 2019.