Indian state-run refiners IOC and BPCL have resumed limited purchases of discounted Russian crude for January delivery, securing cargoes at about $5 per barrel below Brent from non-sanctioned sellers. India’s

Continue readingIndia picks up non-sanctioned Russian oil as discounts widen

IndianOil Total Pvt Ltd (ITPL) has inaugurated a new greenfield Bitumen Derivatives Plant in Gummidipoondi, near Chennai. This facility will produce various forms of bitumen, including Polymer Modified Bitumen and

Continue readingITPL opens greenfield bitumen derivatives plant near Chennai

Commercial LPG cylinder prices saw a ₹10 per unit reduction, bringing the 19-kg cylinder to ₹1,580.50 in Delhi. This follows a previous decrease, offering relief to the hospitality sector. However,

Continue readingCommercial LPG prices cut by ₹10; ATF rates hiked for third month in a row

Indian refiners are sourcing crude oil from Guyana. Two supertankers are on a long voyage to India. This move comes as India seeks alternatives to Russian oil. US sanctions have

Continue readingGuyanese oil: India’s 11,000-mile run for oil as US tightens Russia rules