Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
India's state-owned oil refiner Bharat Petroleum Corp has signed a contract with BP to purchase one million barrels of West Texas Intermediate (WTI) oil per month from the United States for a period of four months.
BPCL would start taking delivery of the oil from June, they said. The Indian refiner has also separately bought 2 million barrels of WTI crude for loading in April via a spot tender, the sources said. BPCL often buys US oil for its three refineries, which have a combined capacity to process 706,000 bpd of crude.
WTI will meet BPCL's low-sulphur crude requirement, one of the sources said, adding the economics and quality of the US crude is better than oil from West Africa and the Mediterranean.
BPCL is expected to process more crude in the next fiscal year starting in April compared with the current year, when it had shut its 156,000 bpd Bina refinery in central India for a month for maintenance. It had also shut units at its 120,000 bpd Mumbai refinery for maintenance.
Also Read : NMDC to ramp up gold mining in Australia, pre-feasibility studies soon for lithium reserves Steel Strips Wheels signs alloy wheel supply agreement with a PV OEM
China Steel Futures Prices 2025: Iron Ore & Raw Materials Market Analysis China's steel a...
China 11-Jul-2025
China's coal consumption will fall by just one-third by 2040, according to a report by a European co...
Energy 23-Apr-2024
Mission Tibetan Hydropower : Baogang ensures steel supply for the project. Baogang Group, one of Ch...
China 29-Jul-2025
Tata Steel, an Indian multinational steel-making company, has announced a consolidated net profit of...
Large Corporate 24-Jan-2024
The government's Goods and Services Tax (GST) collections rose to ₹1.72 lakh crore in January, accor...
Taxation 31-Jan-2024
JSW Steel Emerges as Macquarie’s Top Pick Amid Indian Steel Sector Growth India&rsquo...
Large Corporate 23-Jun-2025