Asian refiners craft contingency plans amid Red Sea crisis: S&P GCI

Jan 19, 2024

While immediate impacts on near-term oil supplies appear limited, the situation has refiners contemplating alternative routes to ensure uninterrupted feedstock supply, potentially leading to...

German rail strikes disrupt oil product supply; inventories cushion price impact

Jan 12, 2024

According to S&P Global Commodity Insights, the strikes have complicated the delivery of oil products, leading to deferred deliveries, weak demand, and logistical challenges...

India denies reports of Russia seeking payments for oil in Dirhams

Jul 19, 2022

New Delhi [India], July 19 : India has denied media reports that Russia is seeking payments in United Arab Emirates Dirhams for oil exports...

China's independent refiners secretly buying Russian oil at steep discount

May 04, 2022

Beijing [China], May 4 : At a time when Western countries are mulling an embargo on Russian oil amid its military operations in Ukraine,...

Indian refiners prioritize petrochemicals expansion with focus on sustainability: S&P GCI

Feb 14, 2024

According to S&P Global Commodity Insights (GCI), entities including BPCL, ONGC, HPCL, Reliance Industries, and Nayara Energy have committed substantial investments in petrochemical ventures,...

HPCL to double Vizag refinery's operating capacity by June-end

Jan 22, 2023

India, the world's third-biggest oil importer buys over 85 per cent of its oil needs from overseas. Indian refiners are investing billions of dollars...