Imports at 4.39 million bbd; diesel buying at five-year high India sustained crude oil imports at a record and purchased more diesel than it has in the previous three years Continue Reading
Oil and Natural Gas Corp’s (ONGC) wells are pictured in an oil field on the outskirts of the western city of Ahmedabad, India, March 16, 2016. “India is taking over Continue Reading
Tanker India Iraq has now overtaken Saudi Arabia in crude oil exports to India, shipping some 960,700 barrels per day (bpd) to India in April, against Saudi Arabia’s 787,700 bpd Continue Reading
India’s oil product sales grew 10 percent in April, the slowest since December as growth in diesel demand decelerated. Total fuel consumption increased to 16.2 million metric tons in the Continue Reading
A raft of government initiatives has propelled India’s insatiable appetite for LPG to record highs, leading analysts to believe that growth is expected to hover close to double digit levels Continue Reading
The global oil surplus in the first half of this year will probably be smaller than previously estimated because of robust demand in India and other emerging nations, the International Continue Reading
The worst drought in decades is leaving an oil refinery in southern India parched. Mangalore Refinery & Petrochemicals Ltd. shut a crude-processing unit at its facility on Thursday because of Continue Reading
Pakistan and Iran have signed a deal under which the former will import 75,000 tons of liquefied petroleum gas within a year, months after a similar agreement was inked with Continue Reading
Much of India is reeling from a heat wave and severe drought conditions that have decimated crops, killed livestock and left at least 330 million Indians without enough water for Continue Reading
Indian energy conglomerate Reliance Industries reported a nearly flat profit of 55.11 billion rupees ($895 million) for the December quarter but beat analyst… Reliance Industries Ltd, India’s biggest oil refiner, Continue Reading
