5.32 pm | 09 Feb 2012 |  Source: Reuters

HPCL will import three million tonnes of crude oil from Iran in 2012/13, half a million tonnes less than it purchased from the Islamic Republic for th...

12.46 pm | 06 Feb 2012 |  Source: Reuters

The government has asked upstream oil companies to compensate state-run oil refiners for 37.91% of revenue losses on fuel sales during April to Decemb...

5.02 pm | 02 Feb 2012 |  Source: PTI

State-owned oil companies today snapped supplies of jet fuel (ATF) to Air India after the national carrier failed to honour payments even after 90-day...

7.50 pm | 31 Jan 2012 |  Source: Reuters

Hindustan Petroleum Corp plans to shut a 60,000 barrels per day (bpd) crude unit and fluid catalytic cracker at its Vizag refinery for maintenance in ...

1.18 pm | 20 Jan 2012 |  Source: Moneycontrol.com

Oil marketing companies (OMCs) are in no mood to cheer a rise of Rs 3 against the dollar in last 20 days, which generally should have made them happy....

9.56 am | 13 Jan 2012 |  Source: Moneycontrol.com

Morgan Stanley has downgraded Reliance Industries to 'underweight' from 'equalweight', saying it expects the energy major's gross refining margins, ex...

8.31 am | 02 Jan 2012 |  Source: IBNLive.com

Oil companies will meet on Monday to revise rates of petrol because of the weakening rupee. But any hike will need a political clearance given that As...