Indian Oil Corp sourced 84% of its crude via the spot market in Q2 amid Middle East disruptions, raising Russian reliance to 54%. The refiner plans to expand capacity and invest in petrochemicals whil
Indian Oil Corp raised spot oil purchases to nearly 84% to offset Middle East supply disruptions, diversifying sources to West Africa and Latin America while maintaining Russian crude reliance. The re
Indian Oil Corp is seeking a 50% stake in Very Large Gas Carriers to facilitate increased liquefied petroleum gas imports from the United States starting in 2027. This strategic move aims to mitigate
Indian Oil Corp chartered a VLCC to load 2 million barrels of Iraqi crude for delivery to eastern India ports following the partial reopening of the Strait of Hormuz. The shipment resumes supply chain
Indian Oil Corp issued tenders to charter vessels for lifting LPG and crude oil from Gulf ports, marking its first move since the U.S.-Iran interim agreement. The refiner seeks carriers for deliveries
Indian Oil Corp acquired 5 million barrels of crude from West Africa and the Middle East via tender. The cargoes, including Angolan and Nigerian grades, are scheduled for delivery to its Paradip, Vadi
Indian Oil Corp maintained domestic jet fuel prices while raising international rates due to Middle East war disruptions. The refiner also held diesel and gasoline prices steady after the government r
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