11 articles
Indian Oil Corporation reported its first quarterly loss in 15 quarters, posting a net loss of ₹26.61 billion as elevated crude oil prices and weak fuel demand squeezed margins. Competitors BPCL and H
Hindustan Petroleum Corp reported a $1.19 billion quarterly loss, its first since 2022, due to soaring crude prices and negative fuel margins. Peer BPCL also posted losses amid weakened fuel demand.
India naphtha spot premiums hit multi-month highs due to Middle East and Russian supply tightness linked to geopolitical tensions. Refiners BPCL and HPCL secured significantly higher bids, raising cos
BPCL plans to shut a 120,000 bpd crude unit at its Mumbai refinery for three to four weeks in September and October for routine maintenance, citing prior delays to meet local fuel demand.
Indian equities are expected to open lower amid rising oil prices and bond yields triggered by U.S.-Iran tensions. Key sector updates include Hindalco's aluminium subsidiary reporting higher profits a
India's state-run refiner BPCL is increasing spot crude purchases and recalibrating import strategies due to Middle East supply disruptions from the Iran conflict. The company reported a 42.6% rise in
Hindustan Organic Chemicals Ltd. (HOCL) resumed operations at its Kochi facility after BPCL restored LPG feedstock supply, ending a force majeure situation affecting phenol, cumene, and acetone produc
BPCL commissioned a compressed biogas plant in Kochi to process 150 tons of waste daily, yielding 5.6 tons of fuel and 28 tons of fertilizer. The facility supplies clean fuel directly to the local ref
Hindustan Organic Chemicals paused cumene plant operations after BPCL stopped LPG supplies. Hydrogen peroxide production at the Kochi complex remains unaffected.
Indian refiner BPCL plans to sign a $780 million crude oil supply deal with Brazil's Petrobras for 12 million barrels. This move supports India's strategy to diversify oil sources away from sanctioned
BPCL has awarded a contract to Technip Energies to expand its Bina petrochemicals facility, adding 550,000 metric tons per year of polypropylene capacity.
ChemBrief