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India's Freight Costs Surge as West Asia Oil Prices Hit $120 Per Barrel, Exporters Face Rising Pressure
India's Freight Costs Surge as West Asia Oil Prices Hit $120 Per Barrel, Exporters Face Rising Pressure
SEA and Colombia explore palm oil sourcing cooperation
Government Cuts Import Duty on Palm, Soybean and Sunflower Oils to Rein In Prices
India’s Crude Oil Import Bill Zooms 48.4% to $74.8 Billion in April-August as Global Prices Surge
IOC, BPCL and HPCL Reject E20 Petrol Contamination Claims, Say Nationwide Tests Found No Cause for Alarm
India's Oilseed Production Rises to 43.06 Million Tonnes as Government Pushes Self-Reliance in Edible Oils
Indian Refiners Enter ‘Golden Era’ as July Fuel Exports Surge to Five-Year High
The Finance Ministry has warned that prolonged high crude oil prices could put pressure on India’s fiscal deficit and current account balance. Rising tensions in the Gulf may also increase inflation, disrupt trade and trigger volatility in capital flows.
Indian refiners are exploring new crude oil suppliers as Red Sea tensions continue to disrupt global shipping.Companies are testing cargoes from Venezuela and Angola to ensure uninterrupted supplies and reduce dependence on traditional routes. Key Highlights Indian oil refiners are expanding their crude sourcing strategy by testing supplies from Venezuela...
India has started supplying gasoline to Russia through trader-mediated channels as damage to Russian refineries has created a domestic fuel shortage. The development highlights India’s growing role as a global refining hub while Russian crude imports continue to hit record highs. Key Highlights Reverse Oil Flow: Why India Is Supplying...
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