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HEAVY CRUDE REFINING IN INDIA
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...- India has made substantial progress in diversifying oil imports, Rubio saysMarco Rubio highlighted India's advancements in energy diversification, particularly reducing dependence on Russian oil. During his Mumbai ...
- Rubio says US to discuss Venezuelan oil production with Ambani's Reliance IndustriesUS Secretary of State Marco Rubio is currently in Mumbai to discuss cooperation with India in various sectors. Topics will include trade, e...
- Oil Price Today (October 20): Crude oil nears $110 again as fresh attacks outweigh easing Russian sanctions. What are experts saying?Brent crude futures gained 21 cents, or 0.20, to $109.76 a barrel, while US West Texas Intermediate (WTI) crude futures for November delive...
- India's Russian crude binge to continue after Trump waives new sanctions lawWith a fresh sanctions waiver from the US, India is poised to sustain its current levels of Russian crude imports, having now surpassed Chi...
- Oil Price Today (October 19): Crude oil dips 2% to $108 after hitting its highest levels since May. Here’s whyBrent crude futures dropped $1.80, or 1.64%, to $108.06 a barrel after settling at their highest level since May 19 on Friday. US West Texa...
- Indian refiners' fuel exports to the West jump 43% as they keep processing Russian crudeIn September, Indian and other refineries exported 1 billion euros' worth of oil products made from Russian crude. This marked a 43 percent...
- US tariff waiver on Russian crude a comforting relief, but trade uncertainties persist: CareEdge Chief Economist Rajani SinhaCareEdge Chief Economist Raj Sinha said the US decision to waive sanctions provisions that could have led to tariffs of up to 100% on India...
- Trump's waiver of Graham law curbs comes as a relief to India, other Russian energy buyersTrump’s waiver of Graham bill provisions could leave US navigating competing priorities: sustaining pressure on Moscow, containing domestic...
- India's edible oil imports dip 7 pc to 15.44 lakh ton in Sep: SEAIndia's edible oil imports fell by 7 percent in September, totaling 15.44 lakh tonnes. The decline was attributed to a sharp decrease in cr...
- Edible oil refiners set to clock 10-12% revenue growth in FY27 despite duty cut: ReportEdible oil refiners are projected to achieve a revenue growth of 10-12% this financial year. The recent cut in import duties on crude edibl...
- Rubio’s India visit to focus on business, include Reliance meeting in Jamnagar: US envoy Sergio GorUS Secretary of State Marco Rubio is set to visit India from October 17 to 22. He will engage with Indian government officials in Mumbai an...
- Record oil tanker rates put pressure on Asian refiners, IEA saysAsian oil refiners are facing increased shipping costs that are significantly affecting their profit margins. The cost of transporting oil ...
- Reliance could earn up to Rs 12,600 crore EBITDA from cheap Venezuelan crude. What investors should knowReliance Industries could benefit from renewed access to discounted Venezuelan crude, which may boost refining margins at its Jamnagar comp...
- Devil's in the diesel, get E-truckin'To wean India off its crude oil addiction or make any structural dent to air pollution, electrifying our freight fleets are a no-brainer. N...
- RBI to meet daily dollar needs of 3 state-run oil firms to ease rupee pressureThe Reserve Bank of India has stepped in to support three prominent oil firms: Indian Oil, Bharat Petroleum, and Hindustan Petroleum, as th...
- Brent commands a war premium as Middle East supply risks keep oil on edgeBrent crude is trading above $100 a barrel as geopolitical tensions and supply risks in the Middle East sustain its premium over WTI. For I...
- India shuns costly Russian oil as Middle East flows recoverIndian refiners have decreased their purchases of Russian crude oil for November delivery as prices rise. Competition from China is further...
- Ambani's Reliance drives India’s Venezuela oil imports to seven-year highIndia is expecting to significantly increase its imports of Venezuelan oil this month due to appealing discounts. Venezuelan crude deliveri...
- Chinese independent refiners turn to Iraq, Qatar as Iranian crude supplies dwindleChinese independent refiners have turned to buying Iraqi and Qatari crude as Iranian supplies dwindle. The traders report purchases totalin...
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