Page 12 - Petroleum Sector

Oil at highest since March on lower US inventories, recovering demand

Crude prices have slumped in 2020, with Brent hitting a 21-year low below $16 a barrel in April as demand collapsed

Fiscal math of the imponderables

Growth holds the key to the government's fiscal deficit slippage

Rethinking gas

India must rebalance its energy expectations away from coal

With gradual demand recovery, IOC rolls back refinery production cuts

The company on Monday said it has raised utilisation to 60 per cent, and plans to scale it up further by Month end

Covid-19: India's fuel consumption falls 46% in April, may rebound in May

Fuel consumption during March, when travel restrictions began to be imposed to curb the spread of coronavirus, stood at 16.08 million tonnes

UP hikes tax on liquor, petrol; eyes additional mop up of Rs 4,420 cr

Since petrol and diesel do not fall under GST, states enjoy considerable leverage in imposing such taxes at the local level

Trading opportunity in energy sector

Traders can benefit from price volatility in the months to come

Indian refiners export diesel to China as Beijing recovers from Covid-19

China is seeing a demand recovery in infrastructure and manufacturing sectors. Countries, like South Korea and Japan, have also placed quotes for importing petroleum products from India amid lockdown

Move petroleum to GST: The time is now

The health crisis is a moment of reckoning and an opportune time to revisit GST policy-design

India plans to fill strategic oil storage by third week of next month

India is moving the oil to the SPR to help the country's refineries reduce their excess crude as the lockdown to contain the Covid-19 outbreak has dented transportation and industrial fuel consumption

Volatility in oil prices, uncertain petroleum demand impacting Indian OMCs

An output cut, at best, will put a floor to the falling crude prices, but it may not stabilise demand-supply dynamics.

Rise in petroleum production drives core sector output to 11-month high

Grows by 5.5% in Feb, driven by petroleum production, rise in electricity output

The other casualty of Covid-19

COVID-19 will cause no less a disruption to the economy than the goods and services tax has done

RIL tumbles nearly 13% to Rs 1,113.15 on weak petroleum demand outlook

Weaker crude indicates oversupply and could be supportive of margins; howeverm if the weakness is demand-related, it could have the opposite effect on margins

Exports shrink for 3rd straight month; down 1.1% in Oct; imports fall 16.3%

Merchandise trade deficit remained relatively low at $11 billion after the $10.86-billion deficit in September

India to invest $100 bn in refining, pipeline, gas terminals by 2024: PM

Prime Minister Narendra Modi is attending the Future Investment Initiative, dubbed 'Davos in the desert', in Saudi Arabia

BP profit declines by 40% in September quarter on oil price slide

The British oil company made its first net loss in more than three years in the quarter due to the one-off charge

Podcast: Cabinet's Diwali bonanza for PSU telcos, fuel retailers, others

Here's a quick look at key decisions taken by the Union Cabinet

Govt relaxes fuel retailing norms, private firms can set up petrol pumps

The government expects more private players, including foreign players, to invest in retail fuel marketing

Policy on petroleum and chemical zone likely to come in a new avatar

The four PCPIRs are expected to give employment to around 3.4 million people