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You Searched For "petroleum" and got 20 results


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1 min read

India slashes windfall tax on crude petroleum

The central government has reduced windfall tax on crude petroleum, according to a government notif…

ANI   


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1 min read

BPCL shares rally 5% after earnings announcement

On the NSE, it climbed 5 per cent to Rs 621.95. BPCL on Thursday reported a 30 per cent fa…

PTI   


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Govt hikes windfall tax on crude petroleum, cuts levy on diesel

The government has hiked windfall tax on domestically produced crude oil to Rs 4,600 per tonne from…

PTI   


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1 min read

India's petroleum product sales hit seven-month high in December

India's consumption of petroleum products rose to a seven-month high in December to about 20.05 mi…

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1 min read

India's petroleum products demand to increase mid-single-digit percentage in 2023-24: Fitch

India's demand for petroleum products is likely to increase by a mid-single-digit percentage in the…

ANI   


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2 mins read

IOC Q2 net profit jumps to Rs 12,967 cr; half yr profit tops best-ever full-year earning

State-owned Indian Oil Corporation (IOC) on Tuesday reported a return to profitability with a net p…

PTI   


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3 mins read

Warren Buffett may help Occidental Petroleum pay for a potential $10 billion takeover. Here's what's fueling the speculation.

Buffett-backed Occidental is reportedly among the top bidders for CrownRock, raising the prospect i…

Theron Mohamed   


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Govt cuts windfall tax on domestic crude, export of diesel, ATF

The government on Tuesday cut special additional excise duty (SAED) on crude petroleum to Rs 9,050/…

PTI   


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1 min read

The fire at a Marathon Petroleum factory in Garyville, Louisiana, can be seen from space

Marathon Petroleum said it's doing everything it can to put out the fire in Garyville, Louisiana, a…

Grace Eliza Goodwin   


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2 mins read

The Strategic Petroleum Reserve 'would be harder to use,' and the only buffer for oil markets is Middle East production, energy expert says

The Strategic Petroleum Reserve currently sits at 40-year lows at 351 million barrels, according to…

Aruni Soni   


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4 mins read

BPCL swings to profit of ₹10,644 cr in Q1 aided by freeze on retail selling prices

The consolidated net profit of ₹ 10,644.30 crore in April-June (first quarter of current 2023-24 f…

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1 min read

OPEC Plus will continue oil output cuts as prices remain unchanged

OPEC described the move as aiming to "achieve and sustain a stable oil market, and to provide long-…

ANI   


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2 mins read

ONGC to invest ₹1 lakh cr in energy transition, targets net-zero by 2038

Net-zero for a company means achieving a balance between the quantum of greenhouse gases it pla…

PTI   


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3 mins read

IIT Madras researchers devise method to detect petroleum

The Indian Institute of Technology (IIT) Madras researchers have developed a statistical approach t…

ANI   


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2 mins read

Undergrad enrollment in petroleum engineering has dropped 75% over the past 10 years — even though they make 40% more than computer science grads

Petroleum engineers averaged six-figure salaries in 2021, per US Bureau of Labor Statistics data. B…

Gabriel Rivera   


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1 min read

Warren Buffett's Berkshire Hathaway snaps up another $123 million in Occidental Petroleum stock, now owns 25% of the oil company

Warren Buffett's conglomerate now owns over 25% of Occidental Petroleum, with 224 million shares wo…

Jennifer Sor   


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1 min read

Petrol export by OMCs rose 142% between 2020-21 and 2021-22

The export of petrol by Indian oil marketing companies (OMCs) rose 142% in a year between 2020-21 a…

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1 min read

Warren Buffett's Berkshire Hathaway buys $275 million more Occidental Petroleum stock amid ongoing slide in oil prices

Buffett probably isn't done building his stake in Occidental, as Berkshire Hathaway received approv…

Matthew Fox   


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2 mins read

Warren Buffett just plowed around $130 million into Occidental Petroleum after dumping a bunch of stocks last quarter

Warren Buffett's Berkshire Hathaway has boosted its stake in Occidental Petroleum again, after sell…

Theron Mohamed   


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2 mins read

Warren Buffett shakes off recession fears as he piles another $216 million into Occidental Petroleum stock

Warren Buffett's Berkshire Hathaway ramped up its bet on Occidental Petroleum, securing a 23.6% sta…

Theron Mohamed