5 articles
Indian Oil Corp chairman forecasts gasoline demand will peak by 2035 amid rising EV adoption and ethanol blending, while diesel and jet fuel consumption will grow. The refiner is also evaluating small
Indian Oil Corp chairman urges expanded shipping and storage capabilities to capitalize on discounted crude oil, highlighting that high freight rates currently erode price advantages.
Indian Oil Corp plans to reduce crude term contracts with Middle Eastern producers next year, shifting toward flexible spot purchases amid regional conflict risks. The refiner has also delayed vessel
Indian Oil Corp plans to cut Middle Eastern crude purchases under annual deals for 2027/28 due to supply uncertainties from the Iran war. Asian refiners are shifting to spot purchases and Russian oil
Indian oil refiners are hiring tankers to cross the Strait of Hormuz directly, shifting tactics to cut costs and secure supply chains. Major firms like Reliance and Indian Oil Corp. are securing disco
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