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India's Oil Supply Chain: Flexibility Amid Middle East Disruptions
New Delhi, April 4 India said on Saturday that there were no payment issues with Iran for crude imports, and that refiners continue to source oil from the country, as well as from a wide range of global suppliers.In a post on X, the Ministry of Petroleum and Natural Gas dismissed reports that... - H
Oil Trade Shift: Tanker Changes Destination Amid Payment Concerns
New Delhi, April 3 A tanker sanctioned by the US, carrying Iranian crude oil, has rerouted mid-voyage from its previously indicated destination of India – where it would have marked the first such shipment in nearly seven years – to China.The Aframax tanker Ping Shun, built in 2002 and... - H
Sri Lanka Explores Russian Oil Purchase as Fuel Shortages Persist
Colombo, March 26 Sri Lanka and Russia began talks here on Thursday aimed at purchasing Russian oil to strengthen bilateral energy cooperation, officials said.The talks were led by visiting Russian Deputy Energy Minister Roman Marshavin, the Russian Embassy said.Officials of the state oil... - H
Reliance Industries Refutes Oil Deal Claims
New Delhi, March 26 Reliance Industries Limited (RIL) on Thursday denied reports that it had purchased Iranian crude, calling these reports "baseless".Earlier reports claimed that RIL had purchased 5 million barrels of Iranian crude after the US administration temporarily lifted sanctions on... - H
Crude Oil Prices Decline Over 4% on Geopolitical Developments
Crude Oil Prices Decline Over 4% on Geopolitical Developments Crude Oil Futures Drop in Futures Trading New Delhi, March 25 – Crude oil prices experienced a significant decline on Wednesday, falling by more than 4 per cent to Rs 8,340 per barrel in futures trading on the Multi Commodity Exchange... - H
Oil Prices Rise Amid Iran Conflict – India's Potential Re-Entry
New Delhi, March 23 India will consider resuming the purchase of Iranian oil based on techno-commercial feasibility, a senior government official said after Washington temporarily lifted sanctions to ease pressure on prices following the US-Israeli war on Iran.Historically, India was a major... - K
Chevron, Shell Near First Major Oil Deals in Venezuela
Chevron and Shell Near Major Oil Production Deals in Venezuela After Oil Law Reform Chevron and Shell are reportedly close to securing the first major oil production agreements in Venezuela since the United States captured President Nicolas Maduro in January. According to five sources familiar...