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India’s Oil Demand To Accelerate In2026 And 2027, Says OPEC
more...
Gas Oil And Petrol Cracks At All Time High
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Crude Prices Continue To Fluctuate, Brent Down To $ 101Per Barrel
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Shutting Down Of East West Pipeline Increases India’s Cost Of Securing Crude
more...
Amidst Rising Global Price India Seeks Alternate Suppliers Of Crude
more...
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India Hit By Spike In Oil Tanker Shipping Costs
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Indian Refineries’ Consistently High Capacity Utilisation
more...
OMCs Launch Technology-Led LPG Service Initiatives
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India Scaling Up Energy Storage System
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Coal’s Increasing Role In India’s Energy Scene
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EIL Bags Contract To Execute A Mega Refinery In Kenya
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IOC Approves Rs.24.48 Billion For Kochi-Thoothukudi Gas Pipeline
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Petronet LNG To Invest Rs.12 Billion In 10 CBG Plants
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BPCL Signs And Exchange Master SPA With Eni S.P.A
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Gruner Renewable Energy
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EPIC Bags Rs. 20 Billion Steel Pipe Order FromSaudi Aramco
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ONGC Strikes Gas In Mahanadi Deepwater
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- BPCL and IIT Kanpur Host MC²+ Ignite Outreach Event to Accelerate India’s Energy Innovation Ecosystem
- BPCL and Akasa Air Successfully Operate Commercial Flight Using Sustainable Aviation Fuel (SAF)
- Tata Power Solaroof Surpasses 5 Lakh Rooftop Solar Installations; Facilitates Over ₹85 Billion in Solar Financing
- ABB and Rolls-Royce SMR sign MoU on nuclear small modular reactor collaboration
- 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 24, 2026 | Concerns Over Rising LNG Prices Deepen: The Gulf crisis has played havoc with India’s natural gas sector, affecting both demand and consumption. The country’s natural gas import dependency crossed a key threshold when it touched 50.7 per cent in FY2026 with overall imports totalling around 34.88 billion cubic metres (BCM). LNG imports rose 5% year-on-year by volume and 25% by value to $5.6 billion during April-July, oil ministry data shows. August imports rose 5% over July. India’s problems are accentuated by the fact that it buys approximately 35% to 40% of its liquefied natural gas (LNG) imports from the spot market. This means that it is at the mercy of market intermediaries who rake in the big bucks at the first sign of a crisis. Currently, spot market LNG deliveries are priced at over $23 per million British thermal units (mmBtu). Click Free Access column Petro Intelligence to read an insightful piece.
In column Policy:
- India’s Oil Demand To Accelerate In 2026 And 2027, Says OPEC
- Gas Oil And Petrol Cracks At All Time High
- Crude Prices Continue To Fluctuate, Brent Down To $ 101 Per Barrel
- Shutting Down Of East West Pipeline Increases India's Crude Securing Cost
- Amidst Rising Global Price India Seeks Alternate Suppliers Of Crude
In Column Regulation:
- India Hit By Spike In Oil Tanker Shipping Costs
- Indian Refineries’ Consistently High Capacity Utilisation
- OMCs Launch Technology-Led LPG Service Initiatives
- India Scaling Up Energy Storage System
There are exclusive reports in other columns as well.
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India, OPEC discuss energy security, oil market stability at 7th high-level dialogue
September 24, 2026: India and the Organization of the Petroleum Exporting Countries (OPEC) discussed oil market stability, energy security and the need for adequate and timely investment across the oil industry at the seventh High-Level Meeting of the OPEC-India Energy Dialogue held in New Delhi on September 22, according to more..
Brent Falls Below $99, Will India’s Oil Bill Finally Ease
September 24, 2026: Brent crude slipped below USD 99 a barrel on Wednesday, extending its decline to a sixth session as diplomatic signals from the United States and Iran coincided with the restart of a Saudi oil route.
The benchmark was quoted around USD 98.71 a barrel, down 8.71 percent over the past week. more..
Russia’s economy depends on India’: Zelenskyy says oil trade must stop to end Ukraine war
September 24, 2026: Ukrainian President Volodymyr Zelenskyy has called on major buyers of Russia crude, including India, China and Turkey, to stop trading with Moscow, arguing that cutting off this revenue could put pressure on Russia to end its war in Ukraine.
Speaking to the Wall Street Journal on the more..
UPI MDR Could Squeeze Petrol Pump Margins Across India
September 24, 2026: The debate over UPI MDR at petrol pumps is exposing a structural problem in India’s digital payment economy: fuel dealers operate businesses where prices and commissions are largely determined outside their control, yet any new transaction cost would be absorbed at the point of sale. The United more..
Explained - Why Oil india’s ‘large’ valuation premium over ONGC appears ‘indefensible’ to Kotak
September 24, 2026: Shares of state-run oil and gas companies Oil India and Oil and Natural Gas Corporation (ONGC) have taken sharply different paths this year, with ONGC significantly underperforming Oil India despite both companies benefiting from higher global crude and gas prices.
In a September 21 report, more..
Don’t end up punishing India: JP Morgan CEO urges Trump on punitive tariffs on Russian crude
September 24, 2026: Washington should not slap punitive tariffs against Indian for buying Russian crude, Jamie Dimon, CEO and chairman of JPMorgan Chase, the world’s largest bank by market cap has said and urged the Donald Trump administration to consider how Indian refiners use the crude oil imported from that country. more..
OMCs face Rs 5.30 billion daily fuel losses amid surging crude prices: ICRA Report
September 24, 2026: State-owned oil marketing companies (OMCs) are facing increasing pressure on their fuel marketing margins as a sharp rise in crude oil prices has not been matched by revisions in domestic petrol and diesel prices, according to rating agency Icra.
Indian Oil Corporation (IOC), Bharat more..
India targets up to 8 GW wind capacity addition by FY27 on track: official
September 24, 2026: India is on track to add 7.5-8 GW of wind energy capacity in the current fiscal year as the country accelerates renewable energy deployment to meet its 2030 targets, a senior government official said on Tuesday.
Addressing the EU-India Wind Energy Business Summit 2026 at WindEnergy Hamburg, 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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Bhaskar Chowdary Nettem joins ONGC board as Director
Oil and Natural Gas Corporation (ONGC) has appointed Bhaskar Chowdary Nettem as Director (Production) on its Board. He has subsequently assumed charge of the post. Nettem will hold the position until his superannuation on September 30, 2029, or until further orders, whichever is earlier. Nettem is a Mechanical Engineer with more...
OPal appoints B. H. Vasudev Prasad as MD
ONGC Petro additions Limited (OPaL) has appointed Shri B.H. Vasudev Prasad as its new Managing Director. He took charge on 6 September 2026. Prior to joining OPaL, Prasad served as Executive Director (Projects) at Mangalore Refinery &Petrochemicals Limited. Prasad is a Mechanical Engineering graduate with an M.Tech in more...
Manoj Kumar Sharma Is Director (Projects) of GAIL
Manoj Kumar Sharma has assumed the charge as Director (Projects) of GAIL (India) Limited. Prior to assuming charge as Director (Projects) of GAIL, Sharma was serving as Executive Director and Regional Head (Eastern Region Pipelines) of Indian Oil Corporation Limited (IOCL). At his previous role in Indian Oil, Sharma was more...
Deepak Group appoints Gurinder Singh as President of New Business
Deepak Group has appointed Gurinder Singh as the President of New Business within the Chairman’s Office. He will be leading strategic new business developments, growth initiatives, and scaling diversification portfolios directly under the guidance of the promoter/chairman's office. Prior to this placement, he served 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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Concerns Over Rising LNG Prices Deepen
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LPG: Need To Find Ways To Avoid Future Shocks
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India Must Face Down Trump’s Tariff Threats
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Alliance That Could Break With A Corrupt Past
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AMPIN Energy Transition Secures Up To $100 Million From Norfund For India Expansion
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Welspun Corp Subsidiary To Set Up New Steel Pipe Factory In Jordan
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Domestic Natural Gas Scene In July 2026
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Who Owns How Much Share In India’s Natural Gas Pipelines
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India Diversifying LNG Import Sources
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Indian Natural Gas Spot Price for Physical Delivery
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Domestic Natural Gas Production Exceeding Targets?
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Where Does India Figure Globally In LNG Imports?
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A Graphic Presentation Of Domestic Natural Gas Scene in June ’26
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Global Natural Gas Price Trends
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India’s City Gas Distribution (CGD) sector is expanding rapidly
more...
Updated Graphic Presentation of India’s Natural Gas Consumption and Import Dependency
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Dismal Domestic Natural Gas Scene In June 2026
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India’s Rising LNG import, Rusting Capacity Of Many LNG terminals
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Domestic Natural Gas Scene In May 2026
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CGD Sector’s Increasing Share In India’s Natural Gas Consumption
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Feedstock-wise Ethanol Production In India
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BPCL’s Three Major Refinery Projects In Progress
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Share Of Various Products In Overall Petroleum Products Consumption In FY 26’
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Specific Energy Consumption In India’s State-Owned Refineries
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India’s Growing Petroleum Marketing Infrastructure
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Petroleum Products: Decline In Imports, Surge In Exports In July 2026
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India’s Refinery Expansion Pace Has Slowed Down
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Domination of state-owned Companies (PSUS) in Petroleum retail outlets Continue Undiminished
more...
Analysis Of Crude Processed In Indian Refineries In July 2026
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India’s Crude Imports Jumps In July, Import From OPEC Down
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A Graphic Presentation Of India’s Petroleum Products Consumption
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Factors Behind Numaligarh Refinery Making Highest GRM Among Indian Refineries
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Why India’s Share of High Sulphur Crude Consistently Rising In Processing?
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Trend In Petroleum Products Consumption So Far During FY 2026-27
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Distillate Yield In India’s State-Owned Refineries
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