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CRUDE OIL SOURCING
Middle East war helps lift Reliance’s oil-to-chemicals earnings to an all-time highReliance Industries' oil-to-chemicals sector reported record earnings due to soaring global fuel prices. The firm credited this success to ...- 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...
- Indonesia looks to India & China for fuel suppliesIndonesia is exploring gasoline imports from India and China to combat rising global crude oil prices. The country's energy minister Bahlil...
- 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 ...
- Oil Price Today (October 28): Crude oil at $116 as Saudi Arabian refinery comes under attack $120 in sight?Crude oil price : Oil prices have risen due to an attack on Saudi Arabia's largest oil refinery by Yemen's Houthis. Concerns regarding supp...
- Russian oil refineries boost output as drone attacks halt after US-brokered deal, sources sayRussian oil refineries have increased crude processing by 25% in the second half of October. This increase followed the cessation of persis...
- No pressure from US to cut Russian oil imports, Oil minister Hardeep Singh Puri saysOil Minister Hardeep Singh Puri said India has faced no US pressure to reduce Russian crude imports. US President Donald Trump waived fresh...
- Oil Price Today (October 27): Crude oil below $115 amid peace talk hopes but attacks continue. What are experts saying?Crude oil price : Oil prices have experienced a decline as diplomatic discussions aimed at easing tensions have taken place. Brent crude fu...
- Oil eases on Middle East diplomacy hopes, Saudi attacks keep supply worries aliveOil prices took a slight dip as Saudi Arabia, Turkey, Pakistan, and Iran engage in diplomatic discussions aimed at quelling tensions. Howev...
- Oil eases on Middle East diplomacy hopes, Saudi attacks keep supply worries aliveOil prices edged lower on Tuesday as diplomatic efforts to ease the US-Israeli war on Iran raised hopes of a resolution and eased supply co...
- 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...
- US courting Reliance's refining muscle to keep oil flowing, not curb Russian crude, analyst saysMarco Rubio's recent visit to Jamnagar emphasizes strengthening energy ties between the US and Reliance Industries. With a capacity of 1.4 ...
- 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 ...
- Marco Rubio tours Jamnagar as Washington courts Reliance's refining muscleRubio arrived in Jamnagar a day after calling India a crude-refining "superpower" and urging more processing of Venezuelan crude there. The...
- Rupee rises 46 paise to 94.45 on India-US trade deal hopes; oil prices cap gainsThe rupee gained 46 paise to 94.45 against the dollar on optimism over a potential India-US trade deal and RBI measures. However, elevated ...
- From Venezuela to Texas to Jamnagar: Marco Rubio’s dash for energyUS Secretary of State Marco Rubio is encouraging Reliance Industries to process more Venezuelan crude. His visit includes discussions with ...
- Rubio calls India a refining superpower, says US to discuss Venezuela oil with RelianceDuring his visit to India, Marco Rubio emphasized the country's refining capabilities for heavy crude oil. He noted that Indian companies h...
- Marco Rubio meets Adani, Tata chiefs before heading to Jamnagar for Reliance refinery visitUS Secretary of State Marco Rubio met Adani Group chairman Gautam Adani and Tata Sons chairman N Chandrasekaran in Mumbai before travelling...
- Indian Oil to trim Middle East oil imports under annual deals amid Iran warIndian Oil Corporation plans to reduce its crude oil imports from Middle Eastern sources in the next fiscal year due to the ongoing war in ...
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