Oil Refineries

India may curb fuel exports to secure domestic supply as West Asia conflict disrupts energy flows and triggers LPG shortages

Trump announced the opening of a new oil refinery in Texas, calling it the first new US refinery in 50 years and part of a $300 billion deal while thanking Reliance Industries for its investment

Saudi Arabia's Ras Tanura oil refinery came under attack on Monday from drones, the kingdom's defense ministry said, with authorities downing the incoming aircraft. A Saudi military spokesman made the announcement on the state-run Saudi Press Agency. Online videos from the site appeared to show thick black smoke rising after the attack. Even successfully intercepted drones cause debris that can spark fires and injure those on the ground. Ras Tanura, near Dammam, has a capacity over half a million barrels of crude oil a day.

The agreements represent a sales potential up to 60 million barrels, with a total value that may exceed $3.1 billion, Petrobras said

The state refiners have already informed their traditional suppliers of LPG in Saudi Arabia, United Arab Emirates, Kuwait and Qatar about the likely cut in LPG purchases

China's oil refiners need to stop producing so much transport fuel because the energy transition means the demand is no longer there

The government has no say in where the country's refiners source oil from because these are commercial transactions, the official reiterated

India's fuel demand in May rose to its highest in more than a year, while crude oil imports reached a record high of 23.32 million metric tonnes

The nations agreed last month to collaborate on the two plants, as the largest oil exporter seeks to tap a massive market that will help drive global demand growth

Trump raised the prospect of so-called secondary tariffs on buyers of Russian oil if President Vladimir Putin refused a ceasefire with Ukraine

Reliance Industries, Adani Group, and JSW Group may be among potential buyers of Rosneft's 49.13% stake in Nayara Energy

In 2021, Reliance, controlled by billionaire Mukesh Ambani, announced the opening of an office in UAE to trade oil and refined fuels including petrochemicals

A decline in idle oil refining capacity usually leads to less available crude oil and a resulting fall in exports as refineries consume more feedstock to produce fuel

With inflation easing and elections around the corner, speculation is growing that petrol could become cheaper by Rs 10 per litre and diesel by Rs 6-8 per litre

Nayara Energy and Reliance Industries have already signed term deals for Russian oil imports

About 30 European refineries have already shut down since 2009, data from industry body Concawe shows, with nearly 90 still in operation

Rashmi Govil has taken charge as Director (Human Resources) at Indian Oil Corporation Limited (IndianOil), the Fortune-500 energy major said on Friday. "She joined IndianOil in 1994 and brings with her nearly three decades of rich experience in various facets of the human resources function," the company said in a statement. Govil is a seasoned professional with an MBA specialising in HR and a Postgraduate Diploma in Finance. Prior to her appointment as Director (HR), she was serving as Executive Director (HRD & Employee Relations) at the company's corporate office. With this elevation, IndianOil now has two women functional directors on its Board. Sukla Mistry, Director (Refineries), is other director on the board that has a total of seven functional directors. "Govil has also worked at IndianOil's refineries headquarters," it said. "Her rich and varied experience has laid the foundation for her deep understanding on the nuances of the function including compensation and ...

State-run Bharat Petroleum Corp and Hindustan Petroleum Corp aim to end net carbon emissions from their operations by 2040, and Indian Oil Corp has set a target for 2046

The Indian imports from Russia increased due to a lower demand from China leaving more oil to be supplied to the Indian markets, an industry expert said

While oil futures are rocketing - on Friday they were just below $95 a barrel in London - the rally pales in comparison with the surge in diesel