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WEST AFRICAN CRUDE
India may charge gas users to fund planned $42 billion fuel reserves, sources sayIndia is considering levies on cooking gas and natural gas consumers to fund a proposed $42 billion multi-fuel strategic reserve programme ...- Indian refiners buy Middle East and West African crude, sources sayIndian refiners have stepped up crude oil purchases, with Mangalore Refinery and Petrochemicals buying 1 million barrels of Oman crude thro...
- Saudi oil can still get out — but it won’t be cheap or easySaudi Arabia faces a challenge rerouting oil exports due to Houthi attacks. An existing pipeline bypasses the Strait of Hormuz, but a new d...
- India's crude imports remain resilient despite Strait of Hormuz tensionsIndia's crude oil imports are insulated from Hormuz Strait tensions currently. Refiners have successfully diversified their import portfoli...
- India eyes oil exploration expansion after Middle East war shortagesIn response to a critical energy supply crisis, India is ramping up its efforts in domestic crude exploration. The country, known for its r...
- Hormuz shipping activity shows signs of recovery; Indian refiners shine amid disruption: S&P GlobalShipping through the crucial Strait of Hormuz is showing signs of recovery, with daily transits increasing significantly, though still far ...
- Discovery of 16 human bones changed the course of history. How they survived 40,000 years ago and did climate change made them extinct?A remarkable discovery of 16 bones in Germany's Neander Valley in 1856 challenged prevailing scientific beliefs about human origins. Initia...
- Peace in West Asia expected to boost order book of Indian exporters: Industry body FIEOThe Federation of Indian Export Organisations (FIEO) said that the conflict in West Asia suppressed India's trade volume, with exports to t...
- Higher prices for gas, groceries and flights will outlast the Iran war, experts sayA tentative deal to end the Iran war offers hope but immediate price drops for consumers are unlikely. Experts suggest it will take time fo...
- Gold hits over 6-month low on rate-hike concerns amid Mideast conflictGold prices dropped to a six-month low as U.S. strikes on Iran fueled oil prices and inflation concerns. This, coupled with strong U.S. con...
- Indian Oil Corp buys 5 million barrels of crude from West Africa, Middle East, sources sayIndian Oil Corporation has secured a significant crude oil purchase. The state refiner bought five million barrels from West Africa and the...
- Oil cos keep bleeding, on slippery slope with Rs 600-cr loss per day despite multiple petrol, diesel price hikesPetrol, diesel price hike: Despite the latest round of increases, officials acknowledged that current retail prices are still insufficient ...
- India set to scale back Russian oil imports if US waiver lapsesIran war oil impact: Amidst the ongoing geopolitical turmoil, Indian oil refiners face a critical moment as the expiration of a US waiver l...
- Indian Oil skips US crude, buys Nigerian, Mideast oil via tender, say sourcesIndian Oil Corp bypassed U.S. oil in its recent tender, opting for 2 million barrels of West African crude and 1 million barrels of Middle ...
- Russia tightens grip on India's oil market in February; Africa's share lowestIndia's refiners are buying discounted Russian oil to replace African oil, as the latter is becoming more available and cheaper. This is da...
- India's unwavering appetite for Russian crude lifts Jan inflows to record highIndia, the world's third-largest crude importer after China and the United States, has been snapping Russian oil that was available at a di...
- How the Ukraine conflict is reshaping global oil marketsThe reroutings mark the biggest supply-side shakeup of the global oil trade since the U.S. shale revolution altered the shape of the market...
- India's IOC buys 4 mln barrels of crude via tenders: SourcesThe refiner bought 2 million barrels of Murban crude and another 2 million of West African crude, they added. It was not immediately clear ...
- Indian refiners get rare oil cheap as Coronavirus chokes demand in ChinaBPCL will receive a million barrels each of Brazil's Sapinhoa and Mediterranean CPC blend in April.
- HPCL, BPCL seek Oct crude in tender: TradersState-run refiners Hindustan Petroleum Corp (HPCL) and Bharat Petroleum Corp Ltd have issued separate tenders to import crude oil for Octob...
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