India witnessed a dramatic 21% drop in fuel exports during October as domestic demand surged unexpectedly. Major refiners HPCL and Nayara Energy faced significant operational disruptions, reshaping the country's energy export landscape.
In a dramatic escalation of hostilities, Russia launched a massive 150-missile assault on Sumy while Ukraine retaliated with precision strikes on Russian oil infrastructure, marking one of the most intense exchanges in recent weeks.
A dramatic explosion rocked an oil refinery in Artesia, New Mexico, creating a massive plume of thick black smoke visible for miles. Emergency crews are responding to the industrial incident.
In a welcome relief for restaurants and businesses, oil marketing companies have announced significant price cuts for commercial LPG cylinders in all major metro cities. Check the new rates here.
India's leading refiners Indian Oil and MRPL are actively diversifying oil sources, turning to international spot markets as Russian supplies face payment and shipping challenges. Industry sources reveal strategic moves to secure alternative crude.
HPCL-Mittal Energy Ltd halts Russian crude imports due to payment complications, joining other Indian refiners facing similar challenges with Russian oil deals.
In a significant strategic shift, Nayara Energy, part-owned by steel magnate Lakshmi Mittal, has stopped purchasing Russian crude oil. This move comes as Western sanctions tighten and payment complications escalate.
Hindustan Petroleum Corporation Limited reports stellar Q2 performance with refining margins climbing to $8.80 per barrel, driving massive profit growth and robust operational performance.
HPCL-Mittal Energy Ltd suspends Russian oil imports after US sanctions target key shipping vessels, marking significant shift in India's energy procurement strategy.
HPCL-Mittal Energy Ltd, the joint venture between steel tycoon Lakshmi Mittal and Hindustan Petroleum, suspends all Russian crude purchases citing US sanctions. The move signals growing compliance challenges for Indian refiners.
Indian stock market witnessed dramatic movements on October 29 with Adani Green Energy leading gains while Reliance Power faced significant pressure. Discover which stocks dominated trading sessions.
Major Indian companies including L&T, HPCL, RailTel, and Coal India set to announce Q2 FY2025 earnings today. Get insights on market expectations and sector performance in this comprehensive earnings analysis.
Indian stock market eyes key developments: L&T's major orders, HPCL's expansion plans, Adani Green's renewable push, and BEML's strategic moves among today's top market movers.
Oil India Limited and Bharat Petroleum Corporation Limited join forces to establish a groundbreaking greenfield refinery in Andhra Pradesh, marking a significant expansion in India's petroleum infrastructure.
Chennai Petroleum Corporation Limited adapts to sanctions by optimizing crude procurement and leveraging refinery flexibility to maintain operations and profitability.
Multiple Russian oil facilities erupt in flames amid suspected Ukrainian strikes. Putin rages as energy infrastructure burns while Zelensky faces internal criticism. Hungary and Romania also report explosions in developing international crisis.
India's eight core industries show robust 6.7% growth in December 2023, with steel production soaring 12.3% and electricity generation rising 8.4%. Discover how this momentum signals strong economic recovery.
Nigerian business magnate Aliko Dangote creates financial history by becoming the first African-born billionaire to reach a staggering $30.3 billion net worth, driven by Dangote Refinery success.
Exclusive analysis reveals how Reliance Industries is balancing Russian oil imports against US sanctions, impacting GRM margins and global energy strategy.
Reliance Industries responds to Western sanctions on Russian crude, pledging full compliance while strategically adjusting refinery operations to maintain global market position.
Hindustan Petroleum Corporation Limited (HPCL) has scheduled its board meeting for October 25, 2024, to approve Q2 FY2025 financial results and potentially declare an interim dividend for shareholders.
Exclusive analysis reveals how Ukraine's systematic drone attacks on Russian oil refineries are crippling Moscow's war economy, slashing fuel exports and creating domestic shortages.
India's crude oil imports are poised for significant growth as major refineries complete maintenance. Discover how GST cuts and global market dynamics are shaping the energy sector.