Hindustan Petroleum Corporation Ltd. declared a net profit of Rs 5,104.04 crore in the fourth quarter of 2008-09 on the back of good refining margin and the government issuing large oil bonds to cover for fuel losses. For full story, click here
Continue reading "Hindustan Petroleum Q4 net zooms 13-fold on good refining margin"
Monday, April 6, 2009
Oil prices vaulted 9 per cent in NY Thursday, in tandem with a powerful stocks rally, as investors cheered G20 agreements to combat the global downturn and an easing of US accounting rules. On Friday, oil prices settled above $52 a barrel, slightly lower on the day after a report that US unemployment in March soared to a 25-year high. But optimism that the economy will soon turn around curtailed losses.
Continue reading "Oil Price Peaks And Slides"
Thursday, November 13, 2008
State-run Indian Oil Corporation wants the Forward Markets Commission (FMC) to permit the company to hedge its refinery margins and end products such as petrol and diesel. S V Narasimhan, director (finance), IOC, said: The market has been very unstable in the past few months and thus we are not very aggressive on hedging. We are waiting for [...]
Continue reading "IOC wants FMC nod for hedging margins & products"
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Tuesday, June 2, 2009