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Tag Archives: (HPCL)

Asian oil refinery margins jump on outages in Mideast, Asia

Several refineries in the Middle East and Asia have shut down in the past week due to fires and other technical problems, leading to a jump in profit margins for facilities still operating. The higher Asian refining margins have beat back concerns that profits would fall as crude oil prices gained as the Organization of the Petroleum Exporting Countries (OPEC) ...

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India to import 11m mt of crude oil from Nigeria by 2017

Indian state-run oil refiners have indicated interest to increase total crude oil consumption volume next year with additional 2 million metric tonne (mt) of crude oil import from Nigeria in 2017. The Nigerian crude oil term contracts involve the export of around 1.17 million barrels per day (b/d) of Nigerian crude, out of the 2.2 million b/d the country can ...

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