Petroleum: Latest News and Updates, Top Stories, Videos, Photos About Petroleum

India To Lease Out Space In Strategic Oil Storages: Executive

After dropping a Rs 5,000 crore plan to fill parts of strategic oil storages, the government will lease out space in the underground rock caverns to domestic and international firms to store oil, a top executive said on Tuesday. India Strategic ...

India's Petrol, Diesel Consumption Shoots Up To 7-Month High In December; Key Details Here

India's fuel consumption soared to a seven-month high in December 2023, reaching approximately 20.054 million metric tons, according to data released by the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry. This surge marked a 6.2% increase from November, ...

Adani Group Stock Hits 3rd Consecutive Upper Circuit, Rallies 116% In 2-Weeks

Large cap Adani Group Stock Adani Total Gas touched 10% upper circuit in trade today when the stock price soared to 1159.00 per share. Adani Total Gas shares also saw spurt in volume by more than 1.63 times. Current market price ...

India Slashes Windfall Tax On Petroleum Crude From Rs 4,100 Per Tonne To Zero

India has slashed the windfall tax on petroleum crude to zero from Rs 4,100 ($50.13) per tonne. The cut will be effective today onwards, a government notification stated, according to a report published in Business Standard. Earlier in May, the ...

1:3 Bonus Issue: Multibagger Gas & Petroleum Sector Stock Revises Record Date

Sarthak Industries Ltd revised record date for bonus share on December 6, 2022. The company fixed December 20, 2022 as the new record date for 1:3 bonus issue. It implies that shareholders will get 1 new bonus share for every 3 ...

Govt Looking At Mandating Blending Of, Jet Fuel With Sustainable Aviation Fuel: Official

The government is working on mandating blending of jet fuel with sustainable aviation fuel as the country works on ways to reduce emissions, Civil Aviation Secretary Rajiv Bansal said on Tuesday. "We are committed to reducing emissions by fossil fuels... the ...

Goyal Expresses Hope, For Early Conclusion Of Trade Pact With UK

With Liz Truss becoming new prime minister of the UK, Commerce and Industry Minister Piyush Goyal has expressed hope for early conclusion of talks with Britain for a free trade agreement, aimed at boosting bilateral economic ties. "A little bit of ...

Windfall Tax On Petroleum Products, Crude Not Ad Hoc; Being Charged, In Consultation With Industry:FM

Finance minister Nirmala Sitharaman on Monday said windfall tax on petroleum products, crude is not ad hoc, but being charged in regular consultation with the industry. Addressing an event organized online, the minister said it is unfair to call windfall tax ...

Buy This Mid Cap Gas Sector Stock For Rs 507 Target Price, Revenue Doubled With 155.7% YoY Growth

Geojit in its recent report has recommended 'buy' the stock of Indraprastha Gas Ltd. With a buy call, the brokerage has estimated Rs 507 target price for the stock. In Q1FY23, its standalone revenue doubled to Rs. 3,530cr (+155.7 YoY; +21.8% ...

Warren Buffett's Company, Has Bet Over $45B On The Oil Sector

Warren Buffett's company has bought up more than USD 11 billion worth of Occidental Petroleum stock this year, giving Berkshire Hathaway control of more than 20% of the oil producer. Occidental's stock jumped nearly 5% Tuesday to trade for USD 62.89 ...

Warren Buffett's Firm Buys More Occidental, Petroleum Shares

Warren Buffett's Berkshire Hathaway now controls nearly 20% of Occidental Petroleum's stock after picking up another $250 million worth of shares of the oil producer this week. Berkshire has been investing heavily in Occidental this year, including buying up more than ...

Us Treasury Sanctions Iranian Petrochemical Firms, Tied To Asia

The Treasury Department said Wednesday that it has sanctioned a group of front companies and individuals tied to the sale and shipment of Iranian petroleum and petrochemical products to East Asia. Treasury's Office of Foreign Assets Control imposed the sanctions on ...

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