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Govt planning stake sale in BPCL

Last Updated: Friday, July 24, 2015, 17:22

The Government on Friday said it is planning to sell stake in Bharat Petroleum Corp Ltd (BPCL) and will take a final view after completion of inter-ministerial consultation.

Oil prices resume decline on supply glut concerns

Last Updated: Wednesday, July 22, 2015, 21:38

Oil prices resumed their decline Wednesday following a US report showing that stockpiles surged last week, with analysts warning of further weakness ahead.

IOC to invest Rs 1,000 cr to raise stake in CPCL

Last Updated: Monday, July 20, 2015, 22:06

State-owned Indian Oil Corp will invest Rs 1,000 crore for raising stake in Chennai Petroleum Corporation Ltd by subscribing to preferential issue.

FinMin mulling transferring stake in divestment-bound oil PSUs

Last Updated: Monday, July 20, 2015, 21:31

Ahead of government's plans to sell stake in oil companies, the Finance Ministry is considering to transfer some stake in disinvestment-bound PSUs to a separate company to insulate it from market volatility.

Oil Ministry reverts back to promoters selecting CEO of Petronet

Last Updated: Tuesday, July 14, 2015, 13:54

The Oil Ministry has reverted back to the mechanism of promoters selecting CEO of Petronet LNG after it scrapped an ad-hoc search committee formed under the previous Petroleum Secretary.

BPCL to go ahead with Bina expansion sans Oman Oil Company

Last Updated: Sunday, June 21, 2015, 20:31

With Oman Oil Company reluctant to put more money, Bharat Petroleum Corp Ltd has decided to fund the Rs 18,000-20,000 crore expansion of the Bina refinery in Madhya Pradesh on its own.

Govt plans selling 3% stake in BPCL to raise Rs 1,800 cr

Last Updated: Tuesday, June 16, 2015, 15:59

Finance Ministry has moved a Cabinet note for inter-ministerial consultations for selling 2.16 crore shares in BPCL through a public offer, official sources said.

OPEC heads towards holding output; oil slips under $60

Last Updated: Thursday, June 4, 2015, 17:00

OPEC headed Thursday towards holding crude output levels on the eve of its production meeting, as oil prices slid back under $60 a barrel on concerns that the expected decision would further fuel oversupply.

India asks OPEC to stop charging premium from Asian buyers

Last Updated: Wednesday, June 3, 2015, 22:03

Reiterating New Delhi's decade-old demand, Oil Minister Dharmendra Pradhan said the OPEC is not justified in asking Asian buyers to pay more so that transportation cost to distant consumers particularly in the West can be subsidised.

OPEC to continue pumping oil at current rate

Last Updated: Wednesday, June 3, 2015, 20:47

OPEC is set to carry on pumping oil nearly flat-out for months more, content that last year`s shock market therapy has revived demand and knocked back growing competition.

Crude oil futures surges by Rs 65 on Asian cues

Last Updated: Friday, May 29, 2015, 12:20

Crude oil for delivery in June was trading notably higher by Rs 65, or 1.77 percent to Rs 3,733 per barrel, with a business turnover of 4,545 lots in futures trading at the Multi Commodity Exchange.

HPCL Q4 net profit surges 58% to Rs 2,162 crore

Last Updated: Thursday, May 28, 2015, 23:32

State-owned Hindustan Petroleum Corp Ltd (HPCL) Thursday reported a 58 percent jump in its March quarter net profit on back of higher refining margin.