Iranian-backed drones attacked American oilfields in Iraq’s Kurdistan region. This prompted the United States to exert intense diplomatic pressure on Baghdad. The US threatened sanctions if a key oil export pipeline to Turkey was not reopened. Following this pressure, Iraq agreed to restart the pipeline. This event signals a shift in influence within Iraq, favoring…
Arun Singh’s tenure as ONGC chairman is extended by one year. His leadership has stabilized crude production and improved gas pricing. ONGC has seen healthy profits and a significant share price increase. The company is now focused on cost optimization to manage soft crude prices. This strategic move aims to protect margins and sustain investor…
Russian oil shipments to India surged in late November. This rebound shows Russian suppliers finding new ways to deliver oil. Indian refiners are regaining confidence in these imports. Despite US sanctions, India continues to buy Russian crude. Shipments are moving through indirect routes. This resilience highlights adaptive supply chains and trading patterns.
India’s Nayara Energy significantly boosted fuel exports in November. The refiner shipped double the previous month’s volume to new markets like the Bahamas and Taiwan. Nearly a third of these exports went through ship-to-ship transfer hubs, a common practice to obscure final destinations. This surge follows EU sanctions, with Nayara now relying heavily on Russian…
Numaligarh Refinery Limited (NRL) has been granted Navratna status, recognizing its strong performance and ambitious growth. This achievement is linked to its ongoing refinery expansion and the recently inaugurated bamboo-based bioethanol plant, driving energy security and green growth from Assam. The company is significantly increasing its capacity with a substantial investment.
India’s imports of Russian crude oil fell sharply after tougher US sanctions on major Russian exporters took effect on November 21, with post-deadline flows dropping to around 1.27 million bpd. Although November imports averaged 1.8 million bpd—a five-month high due to pre-sanction stockpiling—arrivals in December are expected to fall to around 1.0 million bpd, with…
Fuel demand trends shifted in November. Petrol sales growth decelerated compared to earlier months. Conversely, diesel consumption saw a significant acceleration. Aviation fuel demand also picked up pace. Liquefied petroleum gas, essential for cooking, continued its steady growth. These changes mark a reversal of the patterns observed throughout the year.
At Reliance Industries’ 48th AGM, Anant Ambani said global energy markets faced supply disruptions, trade shifts and petrochemical overcapacity, but Reliance delivered strong performance. He announced ₹75,000 crore investments in new projects, highlighted Hazira’s upcoming carbon fibre facility, and stressed E&P’s role in India’s energy security. Mukesh Ambani called India’s rise unstoppable, even as Reliance…
Indian refiners are increasing U.S. crude oil purchases this month due to competitive prices, potentially reducing the trade deficit amid U.S.-India trade tensions. Indian Oil Corp, Bharat Petroleum Corp, and Reliance Industries have collectively bought millions of barrels of U.S. West Texas Intermediate crude.
Reliance Industries faces scrutiny at its annual meeting as US tariffs loom over India’s Russian oil imports. Mukesh Ambani’s company, a major buyer of Russian crude, navigates a delicate balance between strategic deals and potential US sanctions. While Ambani will likely highlight digital and renewable energy ventures, the Russia issue will remain a key concern.