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GULF OIL
Gulf Oil eyes market leadership in India, global expansion to drive next growth phaseGulf Oil aims to surpass its rival and achieve the market leader status in India's lubricants sector. The company plans to invest approxima...- India weighs new oil manoeuvre as old routes get jammedThe West Asia war has forced India to look at energy security through a new, different lens. The oil issue, for India, has now gone from be...
- Saudi Aramco Q3 profit jumps 34.5% to $36.25 billion despite ongoing US-Iran conflictSaudi Aramco reported a 34.5% year-on-year rise in third-quarter net profit to $36.25 billion, beating analyst estimates. Higher oil prices...
- IndiGo, Indian Oil and other crude-sensitive stocks rally up to 4% as oil dips below $105/bbl. Where are prices headed?Crude-sensitive stocks such as IndiGo, BPCL, HPCL and Indian Oil rallied up to 4% as oil prices declined for a second consecutive session a...
- Oil Price Today (November 3): Crude oil rebounds to $105 as fresh attacks outweigh peace talks. What are experts saying?Crude oil price : Oil prices experienced a slight increase following reports of a US strike on Iran's Qeshm Island. Concerns have risen reg...
- Abu Dhabi's ADNOC, G42 sign deal with OpenAI as Sam Altman travels to UAEADNOC has officially partnered with OpenAI, marking a groundbreaking step for the energy sector as it becomes the first to leverage OpenAI'...
- Goldman Sachs raises oil price forecasts, warns Brent could hit $140 in 2027Goldman Sachs raised its oil price forecasts amid mounting geopolitical risks and potential Gulf supply disruptions. The bank warned Brent ...
- 2 tankers explode after allegedly hitting naval mines in Strait of Hormuz, Iran claimsIran's Islamic Revolutionary Guard Corps reported that two oil tankers exploded in the Strait of Hormuz after striking naval mines. Both ve...
- Hinduja's Gulf Oil scouts acquisitions in Asia, South America ahead of global listingHinduja Group-owned Gulf Oil Lubricants plans to re-enter Mexico and the US in 2027 as it accelerates overseas expansion and scouts acquisi...
- Government scraps export duty on petrol, raises levies on diesel and ATFThe Indian government has abolished the special additional excise duty on petrol exports as of now. Diesel export levies have been raised t...
- US oil companies aim to squeeze more out of refineries as war supply crunch weighsUS oil companies are enhancing refinery capacities and reopening closed plants due to global supply disruptions. ExxonMobil and Chevron rep...
- Reliance looks to Latin America, North America and the Mediterranean as Middle East oil disruptions put supply chains under pressureIn response to global energy market turmoil, Reliance Industries revamped its crude oil sourcing strategy for the July-September quarter. T...
- Adnoc tells clients new Hormuz bypass pipe to start early 2027Abu Dhabi National Oil Co. has informed Asian refiners about future crude supply via a new pipeline. The pipeline aims to circumvent the st...
- High freight rates narrow Indian refiners’ crude oil choices, squeeze marginsWith freight rates reaching unprecedented levels, Indian refiners are facing escalating crude oil expenses that are eroding their margins. ...
- 22 Indians, including 14 seafarers, killed in West Asia conflict, MEA saysAmidst the turmoil in West Asia, the loss of twenty-two Indian nationals, including 14 seafarers, has come to light, with three fatalities ...
- Houthis attack Saudi Arabia’s Ras Tanura refinery amid $1 billion ceasefire offer reportsYemen's Iran-aligned Houthis claimed responsibility for an attack on Saudi Arabia's Ras Tanura oil refinery. A fire occurred near the facil...
- Egypt approves military support for Saudi Arabia after Houthi attacks escalateEgypt's parliament has approved military support for Saudi Arabia as conflicts with the Houthis escalate. This decision follows President A...
- BPCL expects Russian crude purchases to fall in NovemberBharat Petroleum Corp Ltd forecasts a decline in Russian crude oil imports for November due to increased freight costs. The company noted t...
- Iran claims Strait of Hormuz control, warns US warships against entering Persian Gulf amid fresh strike threatIran has declared full control over the strategic Strait of Hormuz and warned against US military entry. Meanwhile, US officials hinted at ...
- India turns back to Gulf oil as Russian crude loses its price edgeIndia’s crude oil imports from the Middle East returned to pre-war levels in September, rising to 2.8 million barrels per day as shipments ...
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