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Oil and Gas

SECTOR | 01 May 2025

ATF Price Slashed By 4.4% In Second Major Cut This Month, Commercial LPG Rates Reduced

NDTV Profit

Oil firms also reduced the price of commercial LPG by Rs 14.50 per 19-kg cylinder.

Commercial LPG price slashed by 14.50, ATF prices cut by 4.4%

Business Line | 01 May 2025 1 more

Oil and Gas

SECTOR | 30 Apr 2025

LPG user recoveries, weak margins may impact Indian Oil's performance in Q4FY25

Business Line

While retail volumes and margin recovery offer support for the country's largest oil marketing company, higher input costs and global softness in refining may drag its profitability.

BPCL Q4 Results Review: Refining Margins, Inventory Gains A Positive, But LPG Woes Persist, Say Analysts

NDTV Profit | 30 Apr 2025 1 more

Oil and Gas

SECTOR | 26 Apr 2025

Palm oil farming, a transformative economic force for India

Business Line

The country's palm oil mission is more than agricultural reformit's a blueprint for inclusive growth, economic resilience, and sustainability

Oil and Gas

SECTOR | 25 Apr 2025

SEA Urges Government To Hike Import Duty On Refined Palm Oil To 40%

NDTV Profit

"This import of finished goods is contrary to our national interests and is seriously affecting the capacity utilisation of our palm refining industry," Asthana said, adding that the refined palmolein is cheaper by $50 per tonne currently.

Oil and Gas

SECTOR | 25 Apr 2025

Beginning of a tariff thaw? Goldman sees big signal coming from China on key raw materials

Economic Times

China, a major plastics producer, might waive tariffs on US petrochemical feedstocks like ethane and LPG if trade talks progress favourably, according to Goldman Sachs. These materials previously had waivers in 2018. The US-China trade conflict has hit China's plastics industry, which relies on US supplies. Trade flows have shifted, with US LPG cargoes being rerouted.

Oil and Gas

SECTOR | 24 Apr 2025

World's biggest companies have caused $28 trillion in climate damage: Study

Business Standard

The world's biggest corporations have caused USD 28 trillion in climate damage, a new study estimates as part of an effort to make it easier for people and governments to hold companies financially accountable, like the tobacco giants have been. A Dartmouth College research team came up with the estimated pollution caused by 111 companies, with more than half of the total dollar figure coming from 10 fossil fuel providers: Saudi Aramco, Gazprom, Chevron, ExxonMobil, BP, Shell, National Iranian Oil Co., Pemex, Coal India and the British Coal Corporation. For comparison, USD 28 trillion is a shade less than the sum of all goods and services produced in the United States last year. At the top of the list, Saudi Aramco and Gazprom have each caused a bit more than USD 2 trillion in heat damage over the decades, the team calculated in a study published in Wednesday's journal Nature. The researchers figured that every 1 per cent of greenhouse gas put into the atmosphere since 1990 has cau

Oil and Gas

SECTOR | 23 Apr 2025

Saudi to invest in 2 refineries in India; strengthen crude oil, LPG supply

Business Standard

Both nations to collaborate on India's Strategic Petroleum Reserve, expand talks on green hydrogen

Oil and Gas

SECTOR | 22 Apr 2025

Gandhar Oil jumps 7% after signing MoU with Jawaharlal Nehru Port Authority

Business Standard

Gandhar Oil Refinery's stock rose as much as 6.9 per cent during the day to 161.9 per share, the highest level since early February this year

Oil and Gas

SECTOR | 22 Apr 2025

Oil & Gas Sector Update LPG distributors demand...

Oil and Gas

Prabhudas Lilladhar

LPG distributors are demanding a sharp increase in commission to Rs150/cyl, nearly double the current Rs73.08/cyl. With OMCs already estimated to face under-recoveries of ~Rs400bn in FY25 due to constrained pricing flexibility, any further increase in distributor marginsif not passed throughcould worsen the financial stress. Given the stretched valuations that the companies are trading at currently and expectations of a bounce back in crude prices to USD70-80/bbl in the near term amid inability to pass on increase in fuel cost to customers, we maintain our cautious view on OMCs. We downgrade rating on...

Oil and Gas

SECTOR | 20 Apr 2025

LPG distributors threaten strike if demands not met in 3 months; seek higher commission

Business Line

This decision was taken at the national convention of the association in Bhopal on Saturday

LPG distributors threaten strike if demands not met, seek higher commission

Business Standard | 20 Apr 2025