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Indian Refineries In A Fix: Rising Oil Prices, Narrowing Discounts Push Up Crude Cost
more...
Will The US Sanction Exports Of Gasoline To Russia?
more...
ONGC To Resume Full Operations: India May Expand Oil Business With Venezuela
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India Sets Targets For Oil Companies To Boost LPG Production
more...
India Becomes A Key Market For LNG
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Striving To Raise Share Of Natural Gas In India’s Energy Mix
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Why India Prefers Underground Rock Caverns For SPR Storage?
more...
Four Oil Refineries Awarded 30 KTPA Green Hydrogen Production Capacity
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Gas Major GAIL To Enter Urea Production Through JVs
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Renewable Power Producers Pay To Keep Grid Connectivity
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GAIL Gets Nod for Rs 70 billion LPG Pipeline Expansion
more...
ONGC, Transocean Sign LoA For Dhirubhai Drill-Ship In India
more...
ExxonMobil Awards $1.1 Billion In Contracts for Mozambique’s Rovuma LNG
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BPCL Takes Bharatgas Lite ZIP To 100 Cities
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Inox Clean Energy
more...
Oil India Keeps Dolphin Drilling’s Rig On Offshore Assignment
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HOEC Operational Update
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- Blue Planet releases first Annual Sustainability Report 2026 reporting 8.92 Million tonnes of waste processed and 1.24 Million tCO₂e in Estimated avoided emission
- Bharatgas Lite ZIP Marks 100-City Milestone, Expanding BPCL’s LPG Reach
- BPCL Flags Off First Extreme Weather Grade (XWG) Diesel Rake from Bina Refinery to Power Indian Army’s High-Altitude Operations
- Oil Marketing Companies (OMCs) test for Moisture & Chloride presence in E20 Petrol: Claims of 500 ppm Chloride and presence of moisture not validated
- GAIL Inks Pact with KABIL to Strengthen Collaboration in Critical Minerals
- AkzoNobel CEO Greg Poux-Guillaume is the 2026 ICIS CEO of the Year
- BPCL Reinforces Fuel Quality Assurance Across Its Retail Outlet Network
- Siemens Energy begins preparations for the launch of an independent brand
- Belding India Unveils Hybrid BESS to Accelerate India's Transition Towards Smarter, Cleaner and Reliable Power Solutions
- AmpereHour Energy Launches Intelligent Energy Storage Manufacturing Platform, Bringing Digital-First BESS Integration to India
- Shri S.K. Sinha assumes charge as Director (Finance) of GAIL (India) Limited
- BPCL partners with Shell and Tiki Tar to expand value-added bitumen portfolio
- Juniper Green Energy deploys India’s Largest Wind Turbine with Envision Energy India
- ONGC and bp sign Technical Services Contract to enhance production from fields in the Western Offshore Basin
- Oil India and Kellton Advance Intelligent Oilfield Operations with the Successful Launch of Large-Scale Digital Wellhead Monitoring System
- GAIL reports PAT of ₹69.68 billion for FY 2025-26; profitability moderated amid global headwinds, operations remain resilient
- EemsGas project receives commitment for €150 million operating subsidy for green gas production
- Demand Surge, System Response”: How HPCL is Managing Unprecedented LPG Demand with Precision and Scale
- THINK Gas Launches GIS Platform for Instant PNG Availability Check, Faster Connections
- HPCL Ensures LPG Supply Continuity, Enforces Zero-Tolerance Discipline Across Network
- Mahanagar Gas Limited assures uninterrupted PNG and CNG supply; ntroduces customer focused PNG initiatives and benefits
- BPCL and Sembcorp JV (NeuEn Green Energy) secures 10KTPA Green Hydrogen Contract from Numaligarh Refinery
- ICIS introduces Iberian and Italian flake pricing to reflect regional divergence in rPET market
- Ground-breaking ceremony of GAIL’s upcoming R&D centre
- BPCL Accelerates Greenification of Natural Gas Ecosystem at GAIL Saksham Meet in Varanasi
- BPCL Launches ‘Bharatgas Lite’, Naye Bharat Ka Naya Cylinder for Goan households
- BPCL Strengthens Aviation Fuel Infrastructure with Dedicated ATF Pipeline for Hyderabad Airport
- BPCL Reports 62% Surge in Profit After Tax – Delivers Stellar All-Round Performance in Q3 FY26
- Oswal Energies Inks MoU with ATS, Abu Dhabi; Announces $1 Billion Expansion Plans in the Middle East
- ICIS and ICE Introduce Base Oils Futures
- Dangote appoints Engineers India Limited (EIL) as PMC and EPCM for expansion of the Fertilizer Complex in the Lekki Free Trade Zone
- Engineers India Limited (EIL) sings an MoU with Dangote Group for the Second Train of Africa’s Biggest Refinery
- Introducing Ida 2.0 – The World’s most capable AI Drilling Engineering Agent to date
- BPCL Reports 169% Surge in Profit After Tax – Delivers Stellar All-Round Performance in Q2 FY'26
- ICIS and Plan Grow Do announce exclusive training programme to drive sales evolution in a changing petrochemical landscape
- Global Energy & Geoscience Leaders to Converge in Jaipur for SPG 2025
- MRPL PRESS RELEASE :Q2 Financial Result
- Mahanagar Gas Limited signs MoU with Oil India Limited to collaborate across the LNG value chain
- Mahanagar Gas Limited Puts Customers First with Salesforce Adoption, a First in India’s CGD Sector
- Kazam and HPCL Partner to Expand EV Charging Access Across India
- Union Minister Hardeep Singh Puri Inaugurates IGL Genesis Technologies Ltd.’s World-Class Smart Gas Meter Manufacturing Facility
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September 1, 2026: Factors Behind Numaligarh Refinery Making Highest GRM Among Indian Refineries. Click Special Database for details.
August 31, 2026: Why India’s Share of High Sulphur Crude Consistently Rising In Processing? Click column Special Database for details.
August 28, 2026: www.indianoilandgas.com had already uploaded product-wise consumption of petroleum products in the month of July 26. India’s FY starts in April. What has been the trend in consumption during the current FY so far. Click column Special Database for details.
August 25, 2026 | India
Must Face Down Trump's Tariff Threats: When US President Donald Trump
started to weaponize tariffs as part of a grand design to reignite the engines
of American growth, there were many who questioned the need for the tariff
tantrum. Trumpian tariff threats break from past US history by shifting from
narrow economic or revenue tools into blunt, universal instruments of
geopolitical coercion. Is India's import of Russian crude the real issue or is
Trump using it as a weapon to hobble India's fast-growing economy? Russia
supplies nearly half of India's total crude imports. Trump and his advisers
know that it will not be easy for India to prune price-discounted Russian
crude. India need not get excited over Trump's reported unpopularity. Nor
should it bother about the claim that Prime Minister Narendra Modi and Trump
are good friends. Personal warmth cannot override Washington's broader
strategic sanctions goals. Click Free Access
column Petro Intelligence to read an
insightful piece.
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India buys record 2.6 mbd Russian crude oil, refines some of it and now sends it back as petrol: why one of world’s biggest oil suppliers Russia has been forced to import 1 million barrels in 2 months from India
September 1, 2026: There is a strange irony to the situation. Russia, known to be one of the world’s biggest oil exports and a country among the top 10 with highest crude reserves, is being forced to import petrol. What’s even more interesting is that the gap is being filled by India, among the biggest importers more..
IndianOil ramps up LPG output 30% as Hormuz disruption tests India’s energy security
September 1, 2026: Indian Oil Corporation (IOC) increased liquefied petroleum gas (LPG) production by nearly 30% and kept its refineries running above full capacity as disruptions to maritime trade through the Strait of Hormuz put India's energy supplies under pressure, chairman Arvinder Singh Sahney said on Monday more..
SC dismisses plea seeking mandatory ethanol content disclosure at petrol pumps
September 1, 2026: The Supreme Court on Monday refused to entertain a plea seeking mandatory disclosure of the exact ethanol content in petrol at fuel stations and on fuel purchase receipts.
A bench of Justices MM Sundresh and PB Varale dismissed the plea filed by advocate Narendra Goswami, while granting him more..
Bitumen deficit bridged, but price problem persists
September 1, 2026: India’s bitumen supply situation has improved after a sharp squeeze during the peak of the West Asia crisis, but prices remain substantially above pre-conflict levels, raising concerns over the cost of road and highway projects, The Times of India reported on August 31.
The availability more..
EIL Backs New Energy Startup Push: MC²+ Ignite Launched at IIT Madras
September 1, 2026: Engineers India Limited has joined a major new initiative aimed at giving deep-tech startups a stronger foothold in India’s energy sector.
The programme, called MC²+ Ignite, was formally launched at IIT Madras. It is designed to support startups working on advanced technologies for more..
IndianOil aiming to increase natural gas sales 1.5-times by 2030: Chairman
September 1, 2026: Indian Oil is eyeing to increase their natural gas sales by one-and-half times by 2030, Arvinder Singh Sahney, Chairman of the state-owned oil-marketing company stated in his address at the annual general meeting of shareholders Monday.
Further underlining plans for expanding their refining more..
HPCL bids farewell to Subodh Batra, Executive Director-Supplies, Operations & Distribution
September 1, 2026: State-run Hindustan Petroleum Corporation Ltd. (HPCL) bids farewell to Subodh Batra, Executive Director – Supplies, Operations & Distribution, after he completes around four decades in service.
Mr. Batra has served as an executive director of supply, operations & more..
India’s LNG Demand Stays Firm Despite High Prices, Margin Pressure Seen
September 1, 2026: India's Liquefied Natural Gas (LNG) demand remains firm despite high spot prices, but rising gas costs could squeeze margins for downstream players; the country may see higher LNG prices from September, according to a report by Equirus. India's LNG imports accounted for 59 per cent of total gas more..
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Lessons for Indian Oil Sector from Iran-US/Israel war
by Dr Bhamy Shenoy
 August 26, 2026: Soon after the West Asia war started, many
oil pandits (including me) forecasted oil prices jumping to $200 per barrel
from more...
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Time To Review Crude Sourcing Strategy
By R. Sasankan
The petroleum
industry is in a state of ferment. As the geopolitical crisis escalates and the
world economy starts to slow down, the demand-supply equation in crude oil has
been thrown out of kilter.
Crude oil prices have started to more...
India should establish an autonomous Energy Institute
by
Bhamy V. Shenoy*
Soon after the start of Israel-US
versus Iran war on February 28 and the blocking of strait of Hormuz, global oil
supply was reduced at least by over ten million barrels per day based on IEA
report. Magnitude of the supply loss was far worse than during the more...
Time To Rework Crude Import Strategy
By R. Sasankan
The war in Iran has dragged on for more than
six weeks - longer than President Donald Trump had anticipated. A brittle
two-week ceasefire has settled over the conflict zone as negotiators from both
sides prepare to resume peace talks with the outcome uncertain more...
India Should Prepare For $200/Barrel Oil Crisis On War Footing
By Bhamy V.
Shenoy
The oil shock
from the US-Israel war against Iran affecting every country excepting Russia is
the worst one by any standard. Still, international oil market has managed
reasonably well so far in terms of oil prices. After a month, oil prices have
gone up only more...
No Need To Expand Oil Caverns
By R. Sasankan
The war in Iran has entered the third week,
triggering a massive disruption in oil and gas supplies through the Strait of
Hormuz. Over a quarter of the world's oil supplies flow through the critical
chokepoint in the Persian Gulf. There is no indication when the more...
The Bells Toll For India’s Downstream Sector. Is Anyone Listening?
By R. Sasankan
The alarm bells have gone off in India's petroleum industry after a
recent report prepared by Integrated Global Services (IGS) claimed that
the country's downstream oil and gas industry is close to breaking point
because of its ageing energy infrastructure more...
Trump’s War Against Climate Change: Is It Worse Than Attack On Ukraine And Gaza?
by Bhamy V Shenoy
In what way the above title has
any relevance to readers who are interested in oil and gas sector or energy
sector in general? This is an obvious question. I should be able to convince
the doubters easily.
I asked AI a question: What more...
Andaman Basin: Time to Dial the Russians
By R. Sasankan
India's upstream
companies are swarming all over the Andaman Basinto find oil and natural gas
reserves in what promises to become the country's new energy frontier. The buzz
around the Andamans basin - which lies in the junction between the Indian more...
Why Fuel Prices Won’t Fall When Crude Rates Sink
by R. Sasankan
There
is an unexplained Paradox in India's petroleum sector: when global crude oil
prices tumble, consumers are robbed of their legitimate benefits at the pump.
Oil refiners coolly pocket the resulting profits, and the government actively
supports that more...
Natural Gas: Little Glimpse Of The Dream
By R. Sasankan
Greek mythological figure Sisyphus was condemned by the gods to
an eternal punishment where he must push a large boulder up a mountain,
only for it to roll back down to the bottom just as it nears the top.
The plight of India's energy planners more...
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ICIS Highlights US LNG Dominance and Shifting Power Price Dynamics
18th February, 2026: ICIS analysis presented last week at E-World (10-12 February, 2026) shows that Europe’s energy transition is entering a more volatile and politically sensitive phase, spanning LNG and gas supply, power market dynamics and short-term trading behaviour. Click more...
Third Lovraj Kumar Memorial Lecture by Dr Vijay Kelkar
September 19, 2024: Dr Vijay Kelkar’s single biggest contribution is acknowledged to be India’s Goods and Services Tax (GST). He has also made significant contribution to the oil and gas sector. He served as secretary in the Ministry of Petroleum and Natural Gas. The Third Lovraj Kumar Memorial Lecture delivered more...
The Failing Climate Negotiations – And the Need for India’s Leadership in Representing the Global South
 May 16, 2024: Dr Surya P.Sethi, eminent energy expert, wirtes on the Failing Climate Negotiations – And the Need for India’s Leadership in Representing the Global South.
Click more...
Qatar pauses Red Sea LNG traffic: ICIS analyst view
January 18, 2024: Click HERE to read article by Alex Froley, LNG Market Analyst at ICIS, examines the possible effects of ongoing disruptions in the Red Sea on global LNG trade.
more...
Can LNG replace Russian gas in Europe?
European LNG imports reached a record high in January 2022 and could go a little higher if Russian pipeline gas supply falls, or even stops completely. But the best-connected European LNG terminals are already running at high rates, and limits to cross-border pipeline gas capacity would restrict the wider benefit of higher imports into some... more...
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Speech of Former Petroleum Secretary, T.S. Vijayaraghavan, on Indias Petroleum Sector
Demand & Growth:
India's Crude
Oil demand has risen from 0.65 Million Barrels a day in 1980 to 3.7 Million
barrels and will reach 4 Million by 2016. Internal production is now less than 0.8
Million Barrels a day. It more...
The KG basin price hike socialises costs and privatises profits
Why the Rangarajan Committee's complex pricing formula will inflict heavy burdens on the power and fertiliser sectors and give a private gas producer windfall profits?
The ministry of petroleum and natural gas has proposed to increase the price of natural gas from the Krishna Godavari (KG) more...
Fire From Ice: A Promising New Energy Source
Massive imports of oil and natural gas have exacerbated India’s big trade deficit, which is a hurdle to the acceleration of economic growth. Light at the end of the tunnel comes from a technological breakthrough last week by JOGMEC (Japan Oil Gas and Metals National Corporation). It succeeded in extracting natural gas more...
The Diesel Subsidy Hole
Under-recovery on diesel as per the Indian petroleum ministry website was . 10.94 a litre in February 2012 when the procurement price was . 37.80 per litre ($122.06 a barrel). The diesel under-recoveries are expected to exceed . 750 billion at average price of $95.66 a barrel while total annual shortfall due to fuel subsidies more...
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Chacko Mazhuvanchery Jose Recommended For Director Refineries, BPCL
 The Public Enterprises Selection Board (PESB) has recommended the name of Chacko Mazhuvanchery Jose for the post of Director (Refineries), Bharat Petroleum Corporation Limited (BPCL). A total 12 more...
GAIL Appoints Dr. Banwari Lal As Independent Director
GAIL (India) Limited appointed Dr. Banwari Lal as an independent director on August 20, 2026. The Maharatna company disclosed the appointment to the National Stock Exchange of India Limited and BSE Limited, confirming compliance with regulatory norms. Dr. Lal holds a Ph.D. in Agronomy and an LL.B. degree. He brings more than more...
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On April 10, 2021 www.indianoilandgas.com entered the 28th year of service to the Indian and international oil and gas industry. When the hardcopy version with its masthead, Indian Oil & Gas, came out 28 years ago, India’s petroleum industry was almost totally controlled by the government. India was not rated high either as a producer or consumer of crude and petroleum products. Today, India is the world’s third largest importer of crude and second largest importer of LPG and Asia’s largest exporter of petroleum products. Without violating the government norms regarding dissemination of information, www.indianoilandgas.com has been consistently helping the industry with authentic articles and data on all areas of oil and gas industry.
To download this full article in PDF, click here |
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India Must Face Down Trump’s Tariff Threats
more...
Alliance That Could Break With A Corrupt Past
more...
Hormuz Becomes A Theatre Of War
more...
Competitive Pricing Of Oil And Gas luding Indian Consumers
more...
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Blackrock’s Vena Energy India acquired by Inox Clean Energy
more...
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IndianOil Mauritius Begins USD 25 Million Bunkering Facility Expansion
more...
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Domestic Natural Gas Production Exceeding Targets?
more...
Where Does India Figure Globally In LNG Imports?
more...
A Graphic Presentation Of Domestic Natural Gas Scene in June ’26
more...
Global Natural Gas Price Trends
more...
India’s City Gas Distribution (CGD) sector is expanding rapidly
more...
Updated Graphic Presentation of India’s Natural Gas Consumption and Import Dependency
more...
Dismal Domestic Natural Gas Scene In June 2026
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India’s Rising LNG import, Rusting Capacity Of Many LNG terminals
more...
Domestic Natural Gas Scene In May 2026
more...
Sector-Wise Consumption Of Natural Gas In India
more...
CGD Sector’s Increasing Share In India’s Natural Gas Consumption
more...
Domestic Natural Gas Scene In May 2026
more...
A Total Picture of India’s Domestic Natural Gas Scene
more...
Coal Bed Methane Development in India
more...
Domestic Natural Gas Scene In April 2026
more...
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Factors Behind Numaligarh Refinery Making Highest GRM Among Indian Refineries
more...
Why India’s Share of High Sulphur Crude Consistently Rising In Processing?
more...
Trend In Petroleum Products Consumption So Far During FY 2026-27
more...
Distillate Yield In India’s State-Owned Refineries
more...
Moderate Consumption Growth In Petroleum Products In July 2026
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Sharp Fall In India’s LPG Consumption During April-July 2026
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Fuel & Loss In Indian Refineries In FY’26
more...
Fluctuating Levels Of India’s Petroleum Products Surpluses
more...
Indian Crude Basket Price Down In July M-o-M, Up Y-o-Y
more...
What Pushed Up Crude Processing In FY ’26?
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Distillate yield of PSU refineries in the last two years
more...
What Precisely is The Share of Imported Crude In Processed By Indian refineries?
more...
Import, Export Of Petroleum Products Decline In June 2026
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Barrel Of Crude Processed In FY ‘26: Products Yield and Their Uses
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Analysis Of The Type Of Crude Oil Processed By Indian Refineries In June 2026
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World Oil Demand Picture Looks Positive
more...
India’s Crude Oil Imports Continue With The Declining Trend
more...
Indian Crude Basket Price Down & Up In June 2026
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India’s Exploration Round NELP Launched In 1999 Has 32 Parties Still Operating
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