Oil News in India

ONGC Inks Crude Oil Pact with MRPL
9/27/2023 - India’s Largest National oil explorer, Oil & Natural Gas Corporation Ltd (ONGC) has inked the Crude Oil Sales Agreement (COSA) with Mangalore Refinery and Petrochemicals Limited (MRPL) which is the la...
ONGC Inks Contract in Marketing Freedom Regime with BPCL for Sale of Crude Oil
8/3/2023 - In a significant development, Oil and Natural Gas Corporation Limited (ONGC) has entered into a term contract with Bharat Petroleum Corporation Limited (BPCL) for the sale of crude oil from the Mumbai...
Rosneft Oil & Indian Oil Co. Signed an Agreement to Increase Oil Supplies to India
3/29/2023 - Igor Sechin, Chief Executive Officer of Rosneft Oil Company, made a working trip to India, during which he met with officials from the Indian government, as well as with the heads of some of the count...
Rosneft Signed Contract for Supplying up to 2 mln Tons of Crude Oil to India
12/6/2021 - Rosneft and Indian Oil Corporation Limited (IOCL) signed a contract for supplying up to 2 mln tons of oil to India via the port of Novorossiysk by the end of 2022.

The s...
OLCV with Macquarie, Deliver World’s First Shipment of Carbon-Neutral Oil
1/28/2021 - Oxy Low Carbon Ventures (OLCV), a division of Occidental announced the delivery of two million barrels of carbon-neutral oil1 to Reliance Industries in India. This transaction, which was arranged in c...
Rosneft Signs Contract with Indian Oil for Oil Supply
Rosneft Signs Contract with Indian Oil for Oil Supply 2/5/2020 - Rosneft Oil Company and Indian Oil Corporation Limited (IOCL) signed a contract to supply up to 2 million tonnes of oil to India via the port of Novorossiysk by the end of 2020. ...
India to Receive Millions of Barrels of Iranian Oil within a Month
5/11/2019 - Indian refiners are about to get two very large crude carriers carrying 4 million barrels of Iranian oil this month - one each at Paradip in the east and Kochi in the west, Reuters reported. ...
India Oil Trade - November 2017
India Oil Trade - November 2017 11/20/2017 - In September, India’s crude imports dropped from a month earlier by a slight 22 tb/d, to average 4.3 mb/d. Y-o-y, crude imports reflect a drop of 57 tb/d, or 2%. India’s refining throughput remained f...
India Oil Trade - October 2017
India Oil Trade - October 2017 10/19/2017 - India’s crude oil imports rose in August by 188 tb/d, or 5%, from the previous month to average 4.3 mb/d, while falling 164 tb/d, or 4% from a year earlier. Monthly imports rose along with higher thro...
India Oil Trade - September 2017
India Oil Trade - September 2017 9/14/2017 - In July, India’s crude imports averaged 4.1 mb/d, which is 222 tb/d, or 5%, lower than the level in previous month. India’s refinery throughput went down slightly from one month before. On an annual b...
India’s Oil Imports from Iran Surge to Record High
4/13/2017 - India’s oil imports from Iran hit a record high above half-a-million barrels per day (bpd) in 2016/17 as the two countries stepped up trade after the lifting of sanctions on Tehran. ...
India Oil Trade - November 2016
India Oil Trade - November 2016 12/7/2016 - In September, India’s crude imports dropped from the previous month by 142 tb/d, to average 4.3 mb/d. Nevertheless, crude imports reflected an annual gain of 448 tb/d, or 12%. ...
India Oil Trade - October 2016
India Oil Trade - October 2016 11/6/2016 - In August, India’s crude imports went up by 377 tb/d, or 9%, from the previous month to average 4.4 mb/d, while y-o-y, they also increased, rising by 372 tb/d or 9%. ...
India Oil Trade - August 2016
India Oil Trade - August 2016 9/5/2016 - In June, India’s crude imports increased by 172 tb/d, or 4%, from the previous month to average 4.3 mb/d, while y-o-y, they increased by 500 tb/d or 13%. Product imports in June dropped by 119 tb/d fr...
India Oil Trade - July 2016
India Oil Trade - July 2016 8/3/2016 - In April, India’s crude imports stayed at high levels as they averaged 4.4 mb/d despite the country approaching peak maintenance season in May. India’s crude imports in April remained almost stable fr...
India Oil Trade - June 2016
India Oil Trade - June 2016 7/2/2016 - In April, India’s crude imports stayed at high levels as they averaged 4.4 mb/d despite the country approaching peak maintenance season in May. India’s crude imports in April remained almost stable fr...
Asia Oil Demand - May 2016
Asia Oil Demand - May 2016 6/4/2016 - Oil demand in India continued to exhibit substantial positive performance in 1Q16, with March data illustrating solid growth yet again. Record levels were registered during the month, rising by around...
India Oil Trade - May 2016
India Oil Trade - May 2016 5/24/2016 - India’s crude oil imports dropped in March from the previous month by 48 tb/d, or 1%, while on a y-o-y comparison, they increased by 320 tb/d, or 8%, to average 4.2 mb/d. India’s product imports were ...
India Oil Trade - April 2016
India Oil Trade - April 2016 4/25/2016 - In February, India’s crude imports averaged 4.3 mb/d, slightly up from a month ago and the highest since February 2014. Imports have also increased by 865 tb/d or 26% from a year ago. Refinery runs sh...
Asia Oil Demand - March 2016
Asia Oil Demand - March 2016 4/4/2016 - Indian oil consumption started 2016 on a solid note. Oil demand in January showed massive growth of more than 0.50 mb/d, which is roughly around 13% y-o-y, with total consumption remaining around 4.54...

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