Indian Oil Corporation

UBS downgrades HPCL, BPCL, IOC stocks as crude prices breach $100/barrel

UBS' Global Oil team has also raised their near-term oil price forecasts, Q1-26E to $71/bbl (around $80/bbl for March), and the average for 2026 to $72/bbl

Indian Oil books crude cargoes loading from Red Sea port of Yanbu: Report

The US-Israel war with Iran has disrupted oil and natural gas exports from the Middle East, while top oil exporter Saudi Arabia is increasing shipments from the Red Sea as an alternative

Sentiment shift: Earnings upgrade to downgrade ratio improved after Q3

There are hopes of a turnaround in overall corporate earnings after six quarters of single digit growth

Russia remains India's top crude oil supplier despite Trump pressure

India's crude oil purchases from Russia remain strong at 1.1 million barrels per day (bpd) in February, showed data from maritime intelligence firm Kpler

UP govt, IOCL sign MoU for Gorakhpur's international cricket stadium

The stadium will have a 30,000-seat capacity and feature modern facilities like pitches, practice areas, floodlights, and high-end sports infrastructure

IOC, HPCL buy Venezuelan oil in second deal since imports resumed

State-owned Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation Ltd (HPCL) have jointly bought 2 million barrels of Venezuelan crude oil - the second deal that Indian refiners have struck since oil restarted flowing into international markets. The two firms have bought 2 million barrels of Merey crude from Trafigura for delivery in the second half of April, sources said. 1.5 million barrels of oil will be delivered to IOC's Paradip refinery in Odisha and rest 500,000 barrels to HPCL's Visakhapatnam unit in Andhra Pradesh. This is the second deal for Venezuelan crude after Reliance Industries bought 2 million barrels of Venezuelan oil for April delivery from Vitol. The world's third-largest oil consumer halted Venezuelan crude purchases after US sanctions were reimposed. It has resumed imports after the US granted Vitol and Trafigura a licence to sell Venezuelan oil after President Nicolas Maduro was seized in a military operation and Washington asserted control over the

Oil theft detected from IOC pipeline in Rajasthan's Beawar: Officials

A case of oil theft has come to light in Rajasthan's Beawar district, where miscreants allegedly punctured an Indian Oil Corporation (IOC) pipeline and siphoned off fuel by laying an illegal parallel line, officials said on Saturday. The incident was detected near Lalpura Ghata in the Sendra area after IOC's technical monitoring system flagged irregularities, Beawar SP Ratan Singh said. Police have registered a case, and a search for the accused is underway, he said. Subsequently, the inspection found an unauthorised valve fitted on the pipeline along with a parallel line of about 120 metres laid to steal oil over a prolonged period, he said. According to officials, the method used for the theft appeared to be well planned, raising suspicion about the involvement of an organised gang. After the detection, the IOC's technical team reached the site and began repair work by securing the punctured section of the pipeline with clamps, they said. Senior IOC officials, including the chi

Indian Oil eyeing Africa and Europe for petrochemical exports: CMD

Indian Oil aims to increase refining capacity to 98.4 MTPA by 2028

OMCs set for strong quarter on buoyant margins, says Antique

Antique Stock Broking reiterated 'Buy' on Hindustan Petroleum Corp., Bharat Petroleum Corp., and Indian Oil Corp, with HPCL as the top pick

3M India, IOC, Titan, JK Tyre: Stocks at 52-week high; buy or sell?

3M India, Indian Oil, JK Tyre and Titan zoomed up to 19% in Tuesday's trade. Technical charts suggest these 4 stocks can rally to fresh life-time highs and rally up to 25% from here.

Indian Oil resumes Russian oil purchases from non-sanctioned entities

IOC's head of finance, Anuj Jain, has said his company will continue to buy Russian oil if the barrels are in compliance with sanctions

IOCL seeks up to 24 million oil barrels from Americas amid Russia curbs

The state-backed refiner, India's largest, is seeking grades from the US, Canada, Brazil and Latin America

Indian Oil Corporation soars 5%; ONGC hits 4-month high; here's why

Oil & Gas stocks rally on D-Street: At 12:38 PM; BSE Oil & Gas was up 2.5 per cent, as compared to 0.42 rise in the BSE Sensex.

Indian Oil Corporation reports healthy Q2 results; should you buy or sell?

In Q2, IOCL's consolidated net profit stood at ₹7,817.55 crore, as compared to a net loss of ₹169.58 crore a year ago

India boosts US oil purchases on competitive prices, narrows trade deficit

The country's top refiner, Indian Oil Corp, has bought 5 million barrels of US West Texas Intermediate crude for delivery in October and November via a tender

IOCL shares trade volatile as Q1 misses estimates; Should you sell?

IOCL share price: Indian Oil Corp shares were volatile as June-quarter profit nearly doubles but misses estimates

Indian Oil Q1 profit doubles to ₹5,689 cr on stronger refining margins

Indian Oil's Q1 FY26 profit rose to ₹5,689 cr from ₹2,643 cr on higher refining and marketing margins, despite inventory losses, with revenue up 1.2% to ₹2.19 trillion

IOC, BPCL said to buy 22 million barrels of crude for Sept-Oct delivery

In its latest tender, IOC bought 2 million barrels of US Mars crude, 2 million barrels of Brazilian grades and another 1 million barrels of Libyan crude

India's IOC buys 7 mn barrels US, Abu Dhabi crude amid Russian oil decline

India's top refiner IOC buys 7 million barrels of crude from US, Canada and Abu Dhabi via tender, as Russian oil imports pause due to narrowing discounts and rising sanctions

Indian refiners stop buying Russian crude amid Trump threat, low discounts

Indian Oil Corporation, Bharat Petroleum Corporation, Hindustan Petroleum Corporation, and Mangalore Refinery and Petrochemicals Ltd have not placed new orders for Russian crude