Preliminary data revealed a surge in petrol consumption by 10% in early May, driven by increased summer travel, reaching 1.5 million tonnes. Diesel sales saw a...
In April, US crude oil supply to India nearly doubled year-over-year, surpassing the UAE to become India’s fourth-largest supplier. Increased US exports to India are attributed...
OPEC projects India’s oil demand to surge, outpacing China’s growth in 2025 and 2026, driven by a robust economy and government support. While the US remains...
Mukesh Ambani-led Reliance Industries has secured a $2.9 billion-equivalent dual-currency loan, marking the largest offshore loan by an Indian firm in over a year, Bloomberg reported....
GAIL (India) has received five proposals from US companies for equity stakes in their LNG projects, each tied to long-term LNG supply contracts. This initiative aims...
Kolkata experienced a slight increase in petrol and diesel prices due to an adjustment in the basic fuel price by oil marketing companies, raising petrol to...
India’s oil ministry is framing new exploration rules. Future contracts will require Indian oil firms to resolve disputes in India through arbitration. Foreign companies can opt...
The Indian government will possess pre-emption rights over all domestically produced oil and natural gas during national emergencies, ensuring resource control for public welfare. Draft rules...
Amid escalating tensions between India and Pakistan, Indian Oil Corporation Limited (IOCL) and Bharat Petroleum Corporation Limited (BPCL) have urged citizens to avoid panic buying of...
India showcased its offshore energy sector at OTC 2025, emphasizing rich geoscientific data and favorable regulations to attract international investment. Pallavi Jain Govil highlighted energy reforms,...