New York TimesUS Graft Inquiries Turn to Venezuelan Oil IndustryNew York TimesHigh-ranking Venezuelan government officials, including some at the oil giant, used shell companies, fake contracts and import scams to camouflage the illicit movement of more th …

CNBCOil marketing companies' stocks wilt on failure to pass on higher crude oil pricesEconomic TimesThe spectre of under-recovery appears to be haunting state-run oil marketing companies again, with their stocks taking a hit after these firms refrained …

Oil PSUs start process to procure biodieselEconomic TimesNEW DELHI: State-run fuel retailers have begun the process of their maiden purchase of biodiesel for blending it with diesel. Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petrol …

NDTVShares of oil companies surge on drop in crude oil pricesEconomic TimesNEW DELHI: Shares of oil companies such as Essar Oil, Hindustan Petroleum Corporation (HPCL), Bharat Petroleum (BPCL) and Indian Oil (IOCL) rose up to 14 per cent in intra-day trade …

FirstpostOil retailers rise after US crude oil prices tumbleEconomic TimesShares of Oil retailers gained in intraday trade on Thursday after the US crude oil proces tumbled. Indian Oil Corp advanced 2.3 per cent 4.77 per cent in intraday trade. Hindustan P …

Oil firms will decide on price revision: Petroleum Minister Dharmendra PradhanEconomic TimesThe crude oil that is being processed currently in refineries is one that was bought about 6-8 weeks back when rates were higher than present prices. By the time it …

NDTVOil firms face Rs 10000 crore inventory loss, depreciating rupeeEconomic TimesWhile the slump in international crude oil prices had resulted in successive cuts in petrol and diesel prices, for oil companies they had meant inventory losses as they would …