19 articles
Indian Oil Corp finalized a 2027 LPG import deal with Algeria's Sonatrach to reduce reliance on Middle Eastern supplies following regional tensions. Monthly shipments of propane and butane will be lif
Indian refiners MRPL and Indian Oil Corp secured 5 million barrels of crude oil from Middle Eastern and West African suppliers through recent tenders. Purchases included Oman crude from Mitsui and Ang
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 Corporation reported its first quarterly loss in 15 quarters, posting a net loss of ₹26.61 billion as elevated crude oil prices and weak fuel demand squeezed margins. Competitors BPCL and H
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 and MRPL cancelled Iraqi oil lifts due to security risks in the Strait of Hormuz. India advised against deploying seafarers as geopolitical tensions disrupt global energy transit route
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 and HPCL purchased approximately 7 million barrels of crude oil via tenders last week, with deliveries scheduled between August and September. The cargoes include specific grades from
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
PetroChina and Indian Oil Corp failed to secure tankers for Iraqi crude due to soaring freight rates and geopolitical risks. Indian Oil declared force majeure as shipping costs nearly tripled amid reg
Indian Oil Corporation raised domestic LPG prices in Delhi by ₹29 per 14.2-kg cylinder to ₹942, effective June 7. State-run fuel retailers typically align their pricing in tandem.
Indian Oil Corporation increased the price of 19 kg commercial LPG cylinders for industrial clients by 42 rupees to 3,113.50 rupees. State fuel retailers typically align their pricing in tandem.
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 reported a widening LPG revenue loss of 617 rupees per cylinder in May due to Middle East supply disruptions. The company is diversifying sourcing and expanding refinery capacities to
An India-linked supertanker carrying 45,000 tons of LPG attempts to transit the Strait of Hormuz amid India's energy crisis, marking a rare passage since recent tensions. Indian Oil Corp purchased the
Indian Oil Corporation increased industrial LPG prices by 47.8% and international jet fuel rates by $76.55 per kilolitre following a global oil surge past $100 per barrel. Domestic household LPG and a
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
Indian Oil Corporation has executed its first purchase of Colombian crude oil to reduce reliance on Russian supplies amid sanctions. The 2 million barrel shipment is scheduled for late February under
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