US slaps sanctions on Chinese refinery for buying Iranian crude oil worth over USD 1 bn

Apr 16, 2025

The US imposed sanctions on Wednesday on Shandong Shengxing Chemical Co., Ltd, a Chinese refinery, for buying over USD 1 billion worth of Iranian...

Maiden voyage of Naphtha from India Oil Refinery to Bangladesh kicks off

Jul 03, 2022

Midnapore (West Bengal) [India], July 3 : The maiden voyage of Naphtha, the by-product of crude from an Indian oil refinery has started a...

Centre approves deregulation of the sale of domestically produced crude oil

Jun 29, 2022

New Delhi [India], June 29 : With an aim to further spur economic activities, and incentivize making investments in the upstream oil and gas...

India is now Europe's largest supplier of refined fuels

Apr 30, 2023

Europe's reliance on Indian crude oil products has grown since the ban on Russian oil. Europe's refined fuel imports from India are set to...

Oil prices to remain stable amid various crude supply options: Union Minister Hardeep Puri

Nov 05, 2024

Oil prices in India are expected to remain stable amid the rising geopolitical tensions as the country have several options to buy crude oil...

Lower Brent prices to support margins for Indian fuel refiners: Fitch

Jan 31, 2025

Indian oil marketing companies' EBITDA will rise in the next financial year - 2025-26 -- as demand growth remains steady and Brent crude oil...