Last Updated: Sunday, April 26, 2015, 22:15
Output from the $5.2 billion Paradip refinery will compete with rising supplies of fuels from new and expanded plants in the Middle East and China, putting pressure on the profit margins of Asian refiners.
Last Updated: Wednesday, April 15, 2015, 20:37
Petrol price was Wednesday cut by 80 paise per litre and diesel by Rs 1.30 a litre on global cues, the second reduction in rates this month.
Last Updated: Monday, April 13, 2015, 20:13
International ratings agency Fitch on Monday affirmed its 'BBB-' rating on country's largest oil marketer Indian Oil Corporation and also retained the 'stable' outlook on company's long-term foreign currency rating and unsecured debt.
Last Updated: Wednesday, April 1, 2015, 22:07
Indian Oil Corp, the nation's largest oil refiner, plans to process 55 million tons of crude oil into fuel in the 2015-16 fiscal, IOC Director (Refineries) Sanjiv Singh said today.
Last Updated: Wednesday, April 1, 2015, 13:26
After two consecutive hikes, petrol prices were Wednesday cut by 49 paise per litre and diesel by Rs 1.21 a litre on softening international oil rates.
Last Updated: Tuesday, March 31, 2015, 19:35
Indian oil and gas major Reliance Industries said on Tuesday it had signed an agreement with Myanmar for a production sharing contract for two offshore blocks.
Last Updated: Tuesday, March 10, 2015, 17:10
Reliance Industries Ltd is the country's largest corporate with assets worth Rs 3.68 lakh crore, followed by state-owned Indian Oil Corp and mortgage lender HDFC.
Last Updated: Monday, March 2, 2015, 18:36
State-owned Indian Oil Corp's (IOC) director (R&D)-designate Debangshu Ray has been suspended for allegedly leaking confidential information to a private company.
Last Updated: Tuesday, February 24, 2015, 17:33
Oil regulator PNGRB has invited bids for issuing licences for retailing CNG and piped cooking gas in 20 cities like Haridwar and Aligarh.
Last Updated: Monday, February 16, 2015, 19:36
Indian Oil Corp (IOC), the nation's largest oil firm, today said it will invest Rs 7,812 crore in fuel quality upgradation projects at two key refineries as well as other expansion projects.
Last Updated: Friday, February 13, 2015, 18:04
The company had reported a net loss of Rs 961.45 crore in October-December 2013.
Last Updated: Thursday, February 12, 2015, 16:18
India slashed imports of Iranian oil in January as New Delhi scrambled to bring its purchases from the OPEC member in line with 2013 levels, according to data obtained from trade sources and ship tracking data on the Thomson Reuters terminal.
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