Extreme crude price volatility and supply chain challenges led to significant under-recoveries and inventory losses, but new refinery capacity and retail initiatives are expected to drive a turnaround as assets stabilize and CapEx remains tightly managed.Based on Hindustan Petroleum Corporation Lim…
The quarter was marked by extreme crude price volatility, high inventory losses, and significant under-recoveries, but operational resilience was maintained. New assets like the Rajasthan refinery and digital initiatives are expected to drive recovery from Q3, with tight CapEx and debt management i…
Indian state refiners Indian Oil Corp NSE:IOC and Hindustan Petroleum Corp NSE:HINDPETRO have together purchased about 8 million barrels of crude oil through tenders last week, trade sources said on Monday.Prices for the deals were not immediately available.IOC bought about 1 million barrels of Ang…
