Page 2 - Oil Refineries

World's oil refiners are struggling to make enough diesel: Here's why

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

India working on enhancing oil refining capability: Oil Minister Puri

India maintained "affordability" of petroleum products notwithstanding disruptions in the global energy markets and the hike in prices of petrol and diesel in the last two years has been marginal compared to several large economies and neighbouring nations, Oil Minister Hardeep Singh Puri said on Friday. In an interaction with a group of reporters, he also slammed the opposition for attacking the government on oil prices saying the states ruled by it are selling petrol and diesel at higher rates compared to those governed by the BJP which significantly cut the VAT on petroleum products to bring down the rates. The oil minister also said that India is in the process of expanding its oil refining capabilities. India is already the world's fourth largest refining hub and we are going to end up as the second largest refining place, Puri said while highlighting the Modi government's success in areas of trade and foreign policy. "PM Modi's governance is transforming our foreign policy, .

Centre mulls building several refineries, not one UAE-Saudi plant

"The role of Maharashtra government is crucial in acquiring the land," the source said

India pushes oil refiners to diversify imports after surprise OPEC+ cuts

As the world's third largest consumer and importer of oil, India buys about 85% of its needs from overseas, while its energy demands are set to rise to power its economic expansion

Fears of fuel shortage grow in France amid strikes over wages at refineries

Strikes in France's major refineries continued, leading fears over fuel shortage across the country

Explained: Amid price hike, why is there a worldwide oil-refining crunch?

Prices were already elevated before Russia invaded Ukraine on Feb. 24. But since mid-March, fuel costs have surged while crude prices are up only modestly

Australian refiners cease purchase of Russian crude oil to support Ukraine

Viva Energy joins a spate of companies limiting, putting on hold, or exiting business activities in Russia.

Panama Petrochem surges 25% in two days as Ramesh Damani buys 1% stake

In the past two trading days, the stock of the refineries/petro products company has surged 25 per cent, after investor Ramesh Damani bought over 1 per cent stake in the company.

India refiners' November crude processing at near 2-year high

Refiners processed 5.25 million barrels per day (21.48 million tonnes) last month, up 5.9% from 4.96 million bpd in October

Kuwait extends oil supply deal for Indian refiners to March: Report

NEW DELHI/SINGAPORE (Reuters) - Kuwait has extended oil supply contracts for Indian refiners by three months to March 2022 due to a delay in the commissioning of its 615,000 barrel-per-day Al-Zour refinery, according to people with knowledge of the matter.

ExxonMobil and ONGC to extend partnership to Andaman offshore

Private refiners such as Reliance and Nayara Energy command over a third of India's total crude oil refining capacity

Indian Oil's refineries running at 90% capacity utilisation: Chairman

The firm is India's largest fuel refiner and retailer

As fuel prices spike, India plans refiners' joint deals to cut import bill

With gasoline and gasoil prices rising to a record high amid India's worst power crisis in years, the nation wants to redouble its efforts to buy wisely

Oil prices fall as US refiners shut down by damage from Hurricane Ida

Oil prices fell on Tuesday on concerns that power outages and flooding in Louisiana after Hurricane Ida will cut crude demand from refineries at the same time global producers plan to raise output

Fresh travel curbs amid Covid-19 surge mars outlook for Asian refiners

Fresh travel restrictions due to a resurgence in Covid-19 infections have dashed hopes for a recovery in Asian jet fuel demand this year and worsened the outlook for the entire refining sector

Mukesh Ambani-backed company helps refineries keep running in pandemic

Detect Technologies' has a real-time pipeline monitoring system that tracks leaks and corrosion using sensors.

Third round of discovered small field auctions begins

Production from DSF-1 Elao field in Cambay basin expected to being in a weeks

Production from blocks awarded in first round auctions expected in a week

Third round of discovered small field auctions begins

DSF-III likely to see more oil and gas discoveries, fewer new players

It is expected that the third round of DSF auctions will have 32 contract areas on offer for bids spread across 75 fields

US pipeline outage spurs refiners to book tankers to store gasoline

The tankers, booked by Marathon Petroleum, Valero Energy, Phillips 66 and PBF Energy, can hold around 350,000 tonnes of fuel