Latest News for: Refinery market

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‘Saudi Arabia to invest in integrated refinery with products buyback assurance’

The News International 10 May 2024
This photo on April 1, 2023, shows a view of installations of an oil refinery.—AFP ... He said that the new integrated refinery would be set up with the “Buy Back” option so it will export the surplus products to sell in the global market.
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B Sudarshan appointed as Executive Director (Refinery) of MRPL

Business Line 10 May 2024
B Sudarshan has been appointed as the Executive Director (Refinery) of Mangalore Refinery and Petrochemicals Ltd (MRPL).
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Ukraine strikes Russian oil facilities, including one far over border

The Spokesman-Review 10 May 2024
The United States government has publicly urged Ukraine to stop its attacks on Russian oil refineries out of concern that they could affect global oil markets ... The refinery hit Thursday is also one of ...
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Unravelling the Scams that Plunged Nigeria Into Debt Trap

This Day 10 May 2024
Furthermore, in the past couple of weeks, we have seen Dangote Refinery, which has come on stream and is now supplying Automotive Gas Oil (AGO) into the Nigerian market, crash the price of the ...
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BPCL to spend up to ₹36,000 crore on capex till FY26

Business Line 10 May 2024
... (capex) in the two financial years ending FY26, with major spends focussed on refineries, marketing and petrochemicals.
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PETER BRUCE: Any more obfuscation and we’ll never know why Shell left

Business Day 09 May 2024
They’re doing this in other markets too ... SA remains an attractive market.”. Well, OK, but what, exactly, are Shell’s upstream businesses in SA now that its refinery is shut down? The attractive ones it’s sticking with? The answer is none. Zero ... .
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ARL unit back online

The News International 08 May 2024
... the company said on Wednesday.The refinery had shut down its main unit last month due to a drop in demand for HSD, which had been supplanted in the market by a large supply of smuggled Iranian diesel.
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Govt to deregulate fuel prices in phases: OGRA chief

The News International 07 May 2024
The deregulation proposal received opposition from the refineries and petroleum dealers.The deregulation proposal seeks to empower oil marketing companies to determine fuel prices on the basis of various market forces.
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Top Gainers and Losers today on 7 May, 2024: Hindustan Unilever, Tech Mahindra, Bajaj Auto, Power Grid Corporation Of India among most active stocks; Check full list here

Live Mint 07 May 2024
Rainbow Childrens Medicare (down 7.72%), SRF (down 6.60%), Just Dial (down 6.44%), Mangalore Refinery & Petrochemicals (down 6.27%), and Sobha (down 6.20%).These are the latest updates on the stock market performance for the day.
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Stocks end flat as profit-taking offsets gains

The News International 07 May 2024
Market capital narrowed to Rs9.850 trillion against Rs9.886 trillion ... "At the aforesaid level, profit taking was seen in market which compelled benchmark index to shed earlier gains and ultimately settled the day on a flat note.".
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Stocks jump 1.2pc to record high on IMF, Saudi investment hopes

The News International 06 May 2024
Market capital expanded to Rs9.886 trillion against Rs9.797 trillion ... "Cement and Pharma stocks continue to represent high probability alpha plays in the current market environment." ... In Future Market, ...
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OPEC+ Likely To Extend Production Cuts In June

The Liberty Beacon 06 May 2024
... conceding more market share ... crude inventories are held at coastal refineries and tank farms along the Gulf of Mexico, which is also the region most closely integrated with the global sea-borne market.
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Stocks to Watch: Kotak Mahindra Bank, DMart, Mahindra Finance, Britannia, Titan, Inox Wind

Live Mint 06 May 2024
The pharmaceutical company launched doxycycline capsules, 40 mg in the US market, a therapeutic generic equivalent of ORACEA (doxycycline, USP) capsules.Mangalore Refinery and Petrochemicals.
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Diesel demand rebounds as crackdown cuts smuggled Iranian fuel

The News International 04 May 2024
The smuggled petroleum products dented their sales from the formal sector, as the refineries complained about the low offtake of diesel and its sale by oil marketing companies (OMCs).
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