India Launches Its Biggest-Ever Oil Tender
India has issued a tender for 75 oil and gas blocks, the largest such tender in the country's history. According to the Indian Directorate General of Hydrocarbons, the tender is...
Read More 
India Seeks $1.5B to Expand its Oil Caves
India is looking for $1.5 billion in investments from global oil producers and traders to help it develop additional emergency crude stockpiles that will operate as a hedge against price...
Read More 
OPEC Discusses Impact of COVID-19 Surge in India in latest MOMR; 2021 Demand Forecast Unchanged
In the latest edition of the Organisation of Petroleum Exporting Countries’ Monthly Oil Market Report (MOMR), the Group did not change its projected global oil demand forecast for 2021 due...
Read More 
Indian Oil Imports from OPEC Member Countries Drops to Two-Decade Low
The Organisation of Petroleum Exporting Countries's share of the world's third-biggest oil importer’s import fell to the lowest in at least two decades in the year-to-end of March as the...
Read More 
Africa has ‘Central Role’ to Play in India’s Oil Supply Diversification – Dharmendra Pradhan
Speaking to an industry summit, the Indian Minister for Petroleum & Natural Gas and Steel, Dharmendra Pradhan, said African countries could be key to India's bid to diversify its primary...
Read More 
India Calls on OPEC+ to ‘Stabilise’ Oil Prices as Demand Rises
The Petroleum Minister of India, Dharmendra Pradhan, has called on the Organisation of Petroleum Exporting Countries and its Allies, known as OPEC+, to "stabilise" oil prices, after prolonged output cuts....
Read More 
Sudan Owes $3 billion Oil debt to China, India and Malaysia
The Deputy Minister of Energy and Mines, Sudan, Hamid Suleiman, disclosed that Sudan is owing to China, India and Malaysia, a combined sum of $3 billion. The debt to China...
Read More 
India not Rethinking Size or Partners of the Ratnagiri Refinery – Petroleum Minister
The Indian Petroleum Ministry said that it is not changing the initially agreed size and scope of the soon-to-be-constructed refining complex on the western coast of India. The Abu Dhabi...
Read More 
African Countries Exported Highest Bopd for 10 months to India in August
The world's third biggest oil-importer, India, shipped in about 3.95 million barrels per day (bpd) of oil in August, jumping to the country's highest in 10 months. Recent shipping data...
Read More 
ONGC Terminates EPSA; Exits from Sudan due to Unsettled debts by the Sudanese Government
According to reports, the overseas investment arm of the state-owned firm, India's Oil and Natural Gas Corp, ONGC Videsh Limited (OVL), China National Petroleum Corporation (CNPC) and Malaysia's Petronas have...
Read More