Oil companies to post biggest losses as sales shrink Companies make inventory losses in a falling market as the cost of the inventory in the form of crude and products […]
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Transport woes for IOCL’s Paradip Refinery as trucks stay off roads
Transport woes for IOCL’s Paradip Refinery as trucks stay off roads Sources said there has been no effect of the lockdown on production in Paradip Refinery as petroleum products are considered […]
IOC ties up additional LPG imports; money transferred to beneficiaries for free LPG
IOC ties up additional LPG imports; money transferred to beneficiaries for free LPG In a statement, IOC said it has tied up additional import “to the tune of about 50 […]
Oil refiners may have to shut a few units
Oil refiners may have to shut a few units A deep demand destruction due to lockdown has left most refineries with run rates of barely 50-60% and little tank space […]
Oil companies to report big losses as lockdown shrinks sales
Oil companies to report big losses as lockdown shrinks sales New Delhi, April 9 (IANS) State-owned oil marketing companies (OMCs) including Indian Oil, BPCL, HPCL may see significant erosion in […]