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LATEST

FG rules out electricity tariff hike as power generation steadies at 5,000MW●Let’s elect candidates who will make the wealthy pay taxes●The 4% retirement rule may leave retirees vulnerable●Ukraine Strikes Lukoil's Volgograd Refinery as Drone Attacks Resume●Tether earns $1.5B in Q2 as US Treasury holdings fuel profits●Trinidad Refinery Restart Gains US Backing at Pointe-a-Pierre●ExxonMobil Guyana Drives Record Q2 Output as Profit Slips●Guyana Gas-to-Energy Project Gets US$91.5M to Speed Completion●FG rules out electricity tariff hike as power generation steadies at 5,000MW●Let’s elect candidates who will make the wealthy pay taxes●The 4% retirement rule may leave retirees vulnerable●Ukraine Strikes Lukoil's Volgograd Refinery as Drone Attacks Resume●Tether earns $1.5B in Q2 as US Treasury holdings fuel profits●Trinidad Refinery Restart Gains US Backing at Pointe-a-Pierre●ExxonMobil Guyana Drives Record Q2 Output as Profit Slips●Guyana Gas-to-Energy Project Gets US$91.5M to Speed Completion●

Asia

IOC slips into loss in Q1 on holding fuel prices despite rise in cost

Markets-Economic Times · 55m ago · 🇮🇳 India

IOC slips into loss in Q1 on holding fuel prices despite rise in cost

Indian Oil Corporation reported losses for the June quarter that were lower than analysts expected. This was largely due to efficiency improvements and higher margins from refining. The company celebrated record highs in crude throughput and a drop in fuel losses, with petrol and diesel sales reaching impressive quarterly figures. Moreover, IOC successfully secured crude oil from multiple global sources, mitigating any supply disruptions.

Read the full story at Markets-Economic Times →

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