Category : Search result: petroleum refining


Sinopec Profits Drop 33% on Oil Slump, Weak Fuel Sales

China Petroleum & Chemical Corporation (Sinopec) reports staggering 33% profit drop in first nine months of 2023 as lower crude prices and sluggish fuel sales impact earnings. Detailed analysis inside.

India's Oil Consumption to Reach 6 Million Barrels Daily

India's crude oil consumption is set to reach 6 million barrels per day as economic growth accelerates. Union Minister Hardeep Singh Puri reveals ambitious energy targets and strategic plans to meet rising demand.

BPCL Kicks Off Vigilance Awareness Week 2025

Bharat Petroleum launches Vigilance Awareness Week 2025 with theme 'Integrity: The Foundation of Good Governance,' featuring employee pledges, workshops, and integrity campaigns across all locations.

India's US Oil Imports Hit 3-Year High at 540K BPD

India dramatically increases US crude oil imports to 540,000 barrels per day, hitting a 3-year peak as global energy dynamics shift. Discover how changing economics and geopolitical factors are transforming India's oil import strategy.

Oil India & BPCL Partner for Andhra Refinery Project

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.

CPCL Posts ₹732Cr Q2 Profit in Major Turnaround

Chennai Petroleum Corporation Limited (CPCL) makes a stunning recovery in Q2 FY24, swinging from a ₹1,293 crore loss to a massive ₹732 crore profit. Revenue surges 21% as refinery operations hit peak efficiency.

India's US Oil Imports Surge Amid Trade Thaw

India's crude oil imports from the United States surge to highest levels since 2022 as trade tensions ease and New Delhi strategically reduces dependence on Russian supplies.

IOC Q2 Profit Surges 85% as Refining Margins Shine

Indian Oil Corporation reports stellar Q2 FY2025 results with 85% YoY profit jump to ₹10,558 crore. Discover how refining margins and strategic operations fueled this impressive growth.

India-US Strengthen Energy Trade Partnership

India and United States hold high-level talks to boost energy trade, focusing on petroleum, LNG, and critical minerals. Strategic partnership aims to enhance energy security and climate goals.

Reliance shifts oil strategy away from Russian crude

India's corporate giant Reliance Industries is strategically recalibrating its crude oil sourcing mix, reducing Russian oil purchases in response to tightening Western sanctions. This major shift could impact global energy markets and India's refining lan

India to slash Russian oil imports by 40%

India plans to dramatically reduce Russian crude purchases by up to 40% by year-end, marking a significant pivot in energy strategy as US political pressure mounts and global dynamics shift.

BPCL Interim Dividend & Q2 Results Date Announced

Maharatna PSU BPCL announces crucial dates for interim dividend declaration and Q2 FY2025 results. Discover what investors can expect from this oil marketing giant's financial performance.

Megha Engineering wins $226M Kuwait Oil contract

Indian infrastructure major Megha Engineering & Infrastructures Ltd secures massive $226 million contract from Kuwait Oil Company for advanced gas sweetening and sulfur recovery facility in Kuwait.

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