U.S. crude oil producers appear to have found an alternative buyer for cargoes no longer heading to China, with India on track to import record volumes in August. India has Continue Reading
Highlights US crude shipments to India surge in May, June Insurance concerns give refiners sleepless nights Eyes on incremental heavy barrels from Latin America Singapore — A question mark on Continue Reading
Ahead of the return of the U.S. sanctions on Iran, India’s state refiners boosted their Iranian oil purchases, pushing up Indian oil imports from Iran by 30 percent from June, Continue Reading
Indian state-owned upstream company Oil & Natural Gas Corp. said Thursday that its crude production during the April-June quarter registered a 3.5% year on year fall to 6.2 million mt Continue Reading
India’s cabinet approved on Wednesday a policy to allow companies to explore and exploit unconventional oil and gas resources such as shale oil and gas and coalbed methane under the Continue Reading
Highlights CIL’s July output rises to 40.56 million mt Subsidiaries SECL, MCL major contiributors Monthly offtake rises 9% on year New Delhi — State-owned Coal India Limited increased its production Continue Reading
As U.S. sanctions on Iran are about to kick in later this year, Indian oil refiners reduced their orders for Iranian crude oil in June by 12 percent compared to Continue Reading
Hindustan Petroleum has cancelled a crude oil shipment from Iran after its insurer refused to provide coverage for the cargo on concern about U.S. sanctions, Reuters reports , citing three Continue Reading
Last week, Chinese President Xi Jinping reportedly offered Sri Lanka a new grant of 2 billion yuan ($295 million). According to media reports, Sri Lankan President Maithripala Sirisena made the Continue Reading
Iran has overtaken Saudi Arabia as India’s number two oil supplier in the April-June quarter, India’s oil minister said on Monday. Iraq remains India’s number-one supplier of crude. While Iran Continue Reading
