News

Business as usual: India ramps up Russian oil buys to 2 million bpd in August

Russian barrels accounted for 38% of India’s estimated 5.2 million bpd imports in early August, according to analytics firm ...

India’s State Refiners Buy Oil Elsewhere After Russia Pause

India’s state-owned oil refiners are pulling back from purchases of Russian crude for now, according to people with direct ...

India BPCL buys 10 million barrels of US oil via five-month tender, sources say

India's state-run Bharat Petroleum Corp has awarded a five-month tender for 10 million barrels of U.S. oil to European trader ...

ONGC beat Oil India in Q1, but the tables could turn soon

Despite better profitability, ONGC has struggled to raise production, with the KG basin ramp-up delayed by an early monsoon.

Key Oil Marker Highlights Import Shifts as US Pressures India

A closely-monitored oil market metric that tracks the strength of Middle Eastern crude versus global benchmark Brent ...

India's Reliance makes rare fuel oil purchase from HPCL, sources say

Reliance Industries , India's biggest buyer of Russian oil, has in recent weeks made rare fuel oil purchases from state-run ...

India’s exposure to Russian oil disruption limited to $5 billion; global economy faces major risk: Report

A Bank of Baroda report indicates India's limited exposure to Russian oil export disruptions, estimating an additional $5 ...

State-Owned Oil India Reports 1.5% Marginal Increase In Net Profit At ₹2,046.5 Crore

On Tuesday, state-owned Oil India, for the first quarter of FY26, reported a marginal increase of 1.5% in its consolidated net profit at Rs 2,046.5 crore against 2,016.3 crore in Q1FY25. The net ...