Page 6 - Petroleum Sector

Indian refiners export diesel to China as Beijing recovers from Covid-19

China is seeing a demand recovery in infrastructure and manufacturing sectors. Countries, like South Korea and Japan, have also placed quotes for importing petroleum products from India amid lockdown

Move petroleum to GST: The time is now

The health crisis is a moment of reckoning and an opportune time to revisit GST policy-design

India plans to fill strategic oil storage by third week of next month

India is moving the oil to the SPR to help the country's refineries reduce their excess crude as the lockdown to contain the Covid-19 outbreak has dented transportation and industrial fuel consumption

Volatility in oil prices, uncertain petroleum demand impacting Indian OMCs

An output cut, at best, will put a floor to the falling crude prices, but it may not stabilise demand-supply dynamics.

Rise in petroleum production drives core sector output to 11-month high

Grows by 5.5% in Feb, driven by petroleum production, rise in electricity output

The other casualty of Covid-19

COVID-19 will cause no less a disruption to the economy than the goods and services tax has done

RIL tumbles nearly 13% to Rs 1,113.15 on weak petroleum demand outlook

Weaker crude indicates oversupply and could be supportive of margins; howeverm if the weakness is demand-related, it could have the opposite effect on margins

Exports shrink for 3rd straight month; down 1.1% in Oct; imports fall 16.3%

Merchandise trade deficit remained relatively low at $11 billion after the $10.86-billion deficit in September

India to invest $100 bn in refining, pipeline, gas terminals by 2024: PM

Prime Minister Narendra Modi is attending the Future Investment Initiative, dubbed 'Davos in the desert', in Saudi Arabia

BP profit declines by 40% in September quarter on oil price slide

The British oil company made its first net loss in more than three years in the quarter due to the one-off charge

Podcast: Cabinet's Diwali bonanza for PSU telcos, fuel retailers, others

Here's a quick look at key decisions taken by the Union Cabinet

Govt relaxes fuel retailing norms, private firms can set up petrol pumps

The government expects more private players, including foreign players, to invest in retail fuel marketing

Policy on petroleum and chemical zone likely to come in a new avatar

The four PCPIRs are expected to give employment to around 3.4 million people

Modi govt could've done a lot more when crude prices were favourable

In the first four years of this government, the sun was shining on India's petroleum economy