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US oil briefly breaks below $40 a barrel

19-11-2015| Source:CNBC

Earlier, oil prices rose slightly, with some investors keen to buy at what they perceive to be bargain levels, but persistent gluts of crude and refined fuel kept gains slight.

Ajanta Soya standalone Sep '15 sales at Rs 150.39 crore


Ajanta Soya has reported a standalone total income from operations of Rs 150.39 crore and a net loss of Rs 0.39 crore for the quarter ended Sep '15

Sagar Soya Products: Outcome of board meeting


Sagar Soya Products has informed that the Board of Directors of the Company at its meeting held on November 06, 2015, has Mr. Chandrakant Patel resigned from the post of Independent Director w

Guj govt okays IOC's proposal to acquire land for expansion

04-11-2015| Source:PTI

The expansion plans are for raising its crude refining process to 18 MMT per year from the existing 13.7 MMT per year, IOC Gujarat Refinery Executive Director S K Dhar Gupta said.

IOC posts Q2 loss Rs 329 cr, April-Sep GRM at $5.76/bbl  


The company says average gross refining margin for April-September period was USD 5.76 a barrel against USD 0.09 a barrel in corresponding period of last fiscal.

Ruchi Soya Q2 profit jumps 37% despite 20% fall in revenue


Oils business dropped 8.6 percent year-on-year to Rs 4,210.7 crore with EBIT (earnings before interest and tax) rising 11-fold to Rs 175.6 crore and margin expansion of 387 basis points.

IOC Q2 profit may tank 72%, GRM likely to be at $2.5/bbl  

02-11-2015| Source:CNBC-TV18

Analysts expect weak gross refining margin (GRM) at USD 2.5 a barrel during the quarter against USD 10.8 a barrel in previous quarter. Inventory losses are likely due to sharp decline in crude price

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Feb 20, 2014 at 05:27 | Source: The Hindu BusinessLine
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Aug 11, 2013 at 14:42 | Source: Economic Times
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