Feb 16, 2017 12:28 PM IST
The decision of the OPEC countries to cut output in an effort to reduce global glut has created ripples in the oil market. But, HPCL's Chief, MK Surana believes prices will not rise substantially.
- Jan 31, 2017 11:09 AM IST
Analysts polled by CNBC-TV18 feel inventory gains could spring a surprise in the company's December quarter earnings. GRMs could be better in the third quarter after being lower in Q2 due to weak diesel spreads and inventory losses.
- Sep 09, 2016 09:35 AM IST
In an interview with CNBC-TV18, MK Surana, CMD of HPCL said that it will bring in better operational efficiency to improve its gross refining margins (GRMs) going ahead and will maintain GRMs if there is an upward stability in crude.
- Sep 06, 2016 10:24 AM IST
The gross refining margins (GRMs) stood at USD 10.01 per barrel compared to USD 6.62 per barrel same quarter last fiscal.
- Aug 31, 2016 04:42 PM IST
BPCL's marketing and refining segments saw a healthy growth, said P Balasubramanian, Director Finance of the company.
- Jul 18, 2016 09:19 AM IST
In an interview with CNBC-TV18, he said that operational performance of refining segment was much better and refining; petrochemical could see better times ahead.
- Jul 15, 2016 10:21 AM IST
The next trigger for the stock would be launch of Reliance Jio and the commentary on its expected performance, said Sudeep Anand of IDBI Capital Markets Services.
- May 24, 2016 07:14 PM IST
Gross refining margins (GRMs) of public-sector oil marketing companies may recover on account of strong demand and higher marketing margins, says a report
- Aug 11, 2015 10:12 PM IST
With fall in global crude prices, the gross refining margins improved by more than USD 6 to come in at over USD 8.50 barrel for HPCL.
- Aug 10, 2015 04:47 PM IST
In an interview with CNBC-TV18, B Ashok, Chairman of Indian Oil Group Companies says the capital raised will be used to repay Chennai Petro's debts and will be invested in future projects.
- Apr 20, 2015 12:03 PM IST
Tarun Lakhotia of Kotak Securities say the fair value estimate based on FY17 numbers is Rs 1,040 per share, which is valuing refining and petrochemical segments at 6 times EV/EBITDA.
- Apr 13, 2015 09:48 AM IST
Krishna Kumar Karwa, MD, Emkay Global Financial Services believes it is possible to see the market take out new highs before the first half of FY15. But for it to sustain, it has to be supported by earnings growth, he cautions.
- Jul 31, 2013 12:39 PM IST
CPCL's gross refining margin (GRM) for Q1 stood at USD 4.30 per barrel. Basu hopes to maintain it at current level if crude prices continue to remain stable.
- Jul 22, 2013 11:18 AM IST
Gas price hike, as suggested by the Rangarajan Committee will not only improve realizations but will also accelerate upstream activities for Reliance Industries.
- Jul 19, 2013 08:30 PM IST
Mehul Thanawala, VP-research JM Financial says, in an analysis of RIL earnings on CNBC-TV18, that while the earning are in line with expectations the high levels of gross refining margins (GRM) are not sustainable in the long run.
- Jul 19, 2013 07:24 PM IST
Aishwarya Deepak, Analyst - Oil & Gas, HDFC Securities believes that although from a long term perspective things are in favour refinery major Reliance Industries, in the intrim period- (from now to 2015) volatility in gross refining margins could be a concern.
- May 31, 2013 09:03 AM IST
State-owned Indian Oil Corporation improved gross-refining margins to USD 2.39 per barrel amidst falling global crude prices to quadruple profit to Rs 14,512 crore.
- Mar 14, 2013 04:58 PM IST
State-run Hindustan Petroleum has signed an agreement with Rajasthan government to build 9 million tones per annum refinery-cum petrochemical complex for Rs 37,230 crore.
- Jan 15, 2013 04:24 PM IST
Essar Oil has posted a net profit of Rs 32 crore for the December quarter when compared with a loss of Rs 362 crore, year-on-year mainly on improved margins.
- Dec 31, 2012 04:27 PM IST
Oil marketing companies (OMCs) continue to take a hit on sale of petroleum products due to delay in government subsidy.
- Aug 17, 2012 03:37 PM IST
MD and CEO of Essar Oil, LK Gupta, tells CNBC-TV18 that the profitability of the company was hurt by falling crude prices and the sharp rupee depreciation during the quarter.
- Jul 20, 2012 06:29 PM IST
Reliance Industries' (RIL's) net profit for the June quarter fell 21% to Rs 4470 crore on dwindling margins in its refining and petrochemicals businesses.
- Jul 20, 2012 08:10 AM IST
Reliance Industries Ltd (RIL) is expected to post a Year-on-Year (y-o-y) decline in profit for the third consecutive quarter (April-June) as margins in its core businesses of refining and petrochemicals continue to be under pressure.
- Feb 17, 2012 05:50 PM IST
Essar Oil (EOL) has reported a net loss of Rs 3,968 crore for the December quarter compared to a net profit of Rs 273 crore in the year-ago period, mainly due to an exceptional debit of Rs 4,015 crore ---which the company will have to keep aside to pay taxes to Gujarat Government.
- Jan 23, 2012 11:51 AM IST
Prayesh Jain of IIFL gave his take on Reliance’s results on CNBC-TV18. He says that the stock is likely to underperform in the near-term, given its earnings estimates have high leverage to gross refining margins (GRM) and GRMs may not recover as fast as expected.