Bharat Petroleum Corporation Ltd (BPCL.NS)
NEW DELHI/MUMBAI, Nov 27 A wave of shutdowns will hit Indian state-owned refineries next year as the country prepares for cleaner fuels from April 2020, company officials said, in moves that could temporarily dent oil demand and push up imports of refined fuels.
* Indian state-run oil firms are looking to expand their retail outlet network by 55,649 fuel stations ahead of general elections next year, Hindustan Petroleum Corp Ltd (HPCL) said in a statement
NEW DELHI, Oct 11 India's oil imports fell by 13.7 percent in September from a year earlier to 4.2 million barrels per day as Bharat Petroleum Corp skipped imports due to a maintenance turnaround at its central India refinery, according to data from shipping and industry sources. BPCL had shut its 120,000 barrels-per-day (bpd) joint venture Bina refinery from mid-August for 45 days for upgrades and maintenance, sources previously told Reuters. Nayara Energy, part owned by
NEW DELHI, Sept 20 India's Chennai Petroleum will stop processing Iranian crude oil from October to keep its insurance coverage once new sanctions by the United States against Iran go into effect, three sources familiar with the issue said.
NEW DELHI, Sept 14 Indian refiners are preparing to cut daily Iranian crude oil imports nearly in half in September and October compared with the daily imports for April-August, according to data gathered by Reuters from industry and trade sources. Even with the reductions for this month and next, India refiners will still import about 73 percent of their annual fixed term 2018/19 volumes before the United States reimposes sanctions on Tehran's oil sector in early November.
(Morning News Call - India edition will not be published on Thursday, September 13 as markets are closed for Ganesh Chaturthi) To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_09122018.pdf If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/ FACTORS TO WATCH 10:00 am: IBBI Chairperson M.S. Sahoo at the National Confer
NEW DELHI, July 26 Iran is offering to insure oil cargoes to India after some local insurers stopped providing the service in the face of impending U.S. sanctions, industry sources said, a move that would help Tehran continue supplying its second biggest oil client.
* Sellers cut offers for Mars crude for Oct delivery (Replaces graphic)
SINGAPORE, July 4 Sellers of U.S. sour crude oil have cut their offers for Asian buyers on concern that demand may fall as China threatens to impose tariffs on oil from the United States and Middle East supply may rise after major producers agreed to increase output, multiple trade sources said on Wednesday.
* SBI wants to protect U.S. operations - source (Adds comments from SBI source, BPCL)