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Bharat Petroleum Corporation Limited (BPCL) is an Indian public sector oil and gas company, headquartered in Mumbai. It is India's second-largest government-owned downstream oil producer , whose operations are overseen by the Ministry of Petroleum and Natural Gas .
Today Kochi Refinery is a frontline entity as the unit of the Fortune 500 company, BPCL. With a turnover of around US$2500 million, the refinery aims to strengthen its presence in refining and marketing of petroleum products and further grow into the energy and petrochemical sectors.
In August 1977, the company was given its permanent name, viz. Bharat Petroleum Corporation Limited (BPCL). The installed capacity of 5.25 million tonnes per year was increased to 6 million tonnes per year in 1985. The present refining capacity of the refinery is 6.9 million tonnes per year.
Jobless claims from last week fell by more than expected to 216,000, a 12,000 drop from the week prior. Economists had expected claims to come in at 230,000. Here's where US indexes stood shortly ...
The 1980s oil glut was a significant surplus of crude oil caused by falling demand following the 1970s energy crisis.The world price of oil had peaked in 1980 at over US$35 per barrel (equivalent to $129 per barrel in 2023 dollars, when adjusted for inflation); it fell in 1986 from $27 to below $10 ($75 to $28 in 2023 dollars).
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One of the main objectives of the projected single EU energy market is a common pricing structure for gas products. A recent study suggests that the expansion of shale gas production in the U.S. has caused prices to drop relative to other countries, especially Europe and Asia, leaving natural gas in the U.S. cheaper by a factor of three. [26]