Middle East fighting disrupted oil shipments to India, forcing refiners like Bharat Petroleum and Indian Oil to secure costly alternative cargoes. Geopolitical tensions and Russian supply pressures co
Mauritius signed agreements with India to import oil products such as petrol, diesel, and aviation fuel under a long-term supply arrangement involving Indian Oil. This move aims to secure energy suppl
Pierre Andurand’s hedge fund fell 52% in early April as a ceasefire curbed oil price rallies, wiping out prior gains from the Iran conflict. The fund is now down nearly 37% for the year despite earlie
Trafigura secured a $1 billion prepayment agreement with Gabon for exclusive crude oil deliveries over seven years, providing upfront financing to the African state. The deal aims to optimize resource
Indian Oil has shut down its butyl acrylate unit as government directives redirect feedstock towards LPG production.
India's government mandate prioritizing propane and butane for domestic LPG has triggered severe raw material shortages for petrochemical firms. Major producers like HOCL have cut operations, causing
Indian Oil reported a widening operating loss in its petrochemical segment during fiscal Q3 ending December 31. Petchem sales declined by 3.6% year-over-year during this period.
OPEC's outlook indicates India will drive global oil demand growth through 2050, with petrochemicals serving as the key driver behind the surge.
ChemBrief