Ethanol producers have raised concerns on the recent ethanol tender order for the 2025-2026 ethanol supply year that reportedly favours new entrants in deficit zones. The published allocations indicate that at least 350 distilleries are deprived of adequate procurement orders from Oil Marketing Companies (OMCs). Many of these units were set up with an understanding […]
Continue Reading
Image for representational purpose only. | Photo Credit: The Hindu The government has extended export curbs on petroleum products that compel oil refiners to sell a significant chunk of their export volumes in the domestic market, as per a notification issued on April 1 by the Directorate General of Foreign Trade (DGFT). These restrictions had […]
Continue Reading
Private refiners were also making windfall gains by sourcing Russian oil at discounted rates and re-exporting them to other markets. File | Photo Credit: The Hindu The government has extended export curbs on petroleum products that compel oil refiners to sell a significant chunk of their export volumes in the domestic market, as per a notification […]
Continue Reading
What is OPEC+? Why have they slashed oil output? What is its effect on India and global relations? What is OPEC+? Why have they slashed oil output? What is its effect on India and global relations? The story so far: On October 4, the Organization of Petroleum Exporting Countries (OPEC) and its allies, known as […]
Continue Reading
The OPEC+ alliance of oil-exporting countries has decided to sharply cut production to support sagging oil prices The OPEC+ alliance of oil-exporting countries has decided to sharply cut production to support sagging oil prices The OPEC+ alliance of oil-exporting countries decided on Wednesday to sharply cut production to support sagging oil prices, a move that […]
Continue Reading
LPG price increased only by 41.5% while Saudi Contract Price had increased by 207% from 2020 to 2022: Minister LPG price increased only by 41.5% while Saudi Contract Price had increased by 207% from 2020 to 2022: Minister The profits of oil marketing companies has increased manifold, according an answer tabled in Rajya Sabha by […]
Continue ReadingNot a large sum, confident of getting it after conflict ends, says OIL Director (Finance) Not a large sum, confident of getting it after conflict ends, says OIL Director (Finance) As much as 8 billion rubles (about ₹1,000 crore) of dividend income belonging to Indian oil firms is stuck in Russia after the Putin administration […]
Continue ReadingCopyright © 2022
Designed and Developed by Cpool Digital Learning
