Indian Oil News - Latest Updates & Headlines
India buys crude from clean entities, no embargo on Russian oil, says IOCL Chairman
New Delhi, February 12: India continues to purchase crude oil from various global suppliers while ensuring compliance with international sanctions, according to A S Sawhney, Chairman of Indian Oil Corporation Ltd (IOCL).
Global oil prices likely to stay in $75 to $80 per barrel range over next 6 months: CareEdge
New Delhi, Feb 6: Crude oil prices are expected to remain range bound at an average of $75-$80 a barrel over the next 6 months, essentially on the back of higher overall global crude oil production aided by increase in crude oil production by the US while demand growth is expected to remain relatively subdued in the backdrop of a slowdown in major global economies, according to a CareEdge Ratings report released on Thursday.
29,000 robotic kits distributed in state-run Kerala Schools
Thiruvananthapuram, Feb 4: Kerala Infrastructure and Technology for Education (KITE), the technology wing of the Kerala General Education Department, has now distributed 29,000 robotic kits to high schools across Kerala, introducing students to emerging technologies like Artificial Intelligence, Robotics, and the Internet of Things (IoT).
Lower Brent prices to support margins for Indian fuel refiners: Fitch
New Delhi, January 31: Indian oil marketing companies' EBITDA will rise in the next financial year - 2025-26 -- as demand growth remains steady and Brent crude oil prices fall -- to USD 70 a barrel in 2025 and USD65 a barrel in 2026, said Fitch Ratings.
Nitin Gadkari to discuss with oil companies to make ethanol rates reasonable
New Delhi, January 30: Nitin Gadkari, Union minister for roadways, Thursday said he would hold a meeting with oil marketing companies after the Delhi elections, where they will discuss ways and means to make retail ethanol prices reasonable.
Indian Oil's net profit crosses Rs 2,873 crore in Oct-Dec quarter
New Delhi, Jan 27: Indian Oil Corporation (IOC) on Monday announced a net profit of Rs 2,873.53 crore for the October-December quarter of the current financial year, which represents a sharp recovery from the mere Rs 180 crore net profit recorded by the company in the preceding quarter.
Adani Total Gas' operational revenue up 12 pc in Q3, connects over 9 lakh homes with PNG
Ahmedabad, Jan 27: Adani Total Gas Ltd (ATGL) on Monday reported a 12 per cent increase in revenue from operations in the third quarter of FY25 at Rs 1,397 crore.
Uttarakhand gears up to host 38th National Games, IOC to sponsor event
Dehradun, January 25: The Uttarakhand government is gearing up to host the 38th National Games, with the support of the Indian Oil Corporation (IOC). The administration has officially received the information of preliminary consent; after which it has made IOC the bronze sponsor of the National Games.
Fuel prices in India to remain stable amid fluctuating crude rates says Indian Oil, Chairman
Davos, January 23: Indian Oil Corporation (IOC) Chairman Arvinder Singh Sahney has reaffirmed the company's commitment to maintaining stable fuel prices despite fluctuating crude oil rates.
Indian Oil's green hydrogen plant in Panipat will be commissioned within 2 years says Chairman, IOC
Davos, January 23: In a significant step towards sustainability, Indian Oil Corporation (IOC) is set to commission its green hydrogen plant in Panipat, Haryana, within two years.