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Indian Refineries In A Fix: Rising Oil Prices, Narrowing Discounts Push Up Crude Cost
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Will The US Sanction Exports Of Gasoline To Russia?
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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
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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?
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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
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ONGC, Transocean Sign LoA For Dhirubhai Drill-Ship In India
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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
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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 3, 2026: India's LNG imports accounted for 59% of total gas consumption in July. India has begun diversifying its LNG import sources. Which are the world’s top ten LNG exporting countries? Click column Gas Scene for details.
September 2, 2026: The Indian natural gas spot price for physical delivery is the immediate cash price paid for an actual, physical transfer of natural gas at a designated domestic delivery hub, such as Dahej in Gujarat, traded through platforms like the Indian Gas Exchange (IGX). Click column Gas Scene 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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Oil shipments to India face delivery hurdles on Mideast snarls
September 3, 2026: Oil shipments to India have been disrupted by a resurgence of fighting in the Middle East, with at least two refiners forced to arrange more costly, alternative cargoes after planned deliveries didn’t arrive on time.
State-run Bharat Petroleum Corp. had four Persian Gulf cargoes that more..
India cuts diesel export levy to Rs 1/litre from Rs 3, windfall tax to Rs 19
September 3, 2026: The Centre has revised the duty structure on exports of petroleum products with effect from September 1, according to a government order
The export levy on diesel has been cut to Rs 1 per litre from Rs 3 per litre, while the windfall tax on diesel exports has been reduced to Rs 19 per litre more..
Two reasons why India bought 26% less Russian oil in August. One was China
September 3, 2026: India’s oil imports from Russia in August declined 26% from their historic highs in the previous month amid tighter Russian export availability as well as stronger competition from Chinese refiners, according to provisional tanker data. Maintenance shutdowns at a few Indian refineries also likely more..
Venezuela Crude Returns To India’s Oil Basket
September 3, 2026: Five supertankers carrying roughly 10 million barrels of Venezuelan crude are heading towards India, as imports from the South American producer surge while Russian supplies retreat from recent highs.
India’s Venezuelan crude imports climbed to about 358,000 barrels per day in August, more..
BPCL and CSE Sign MoU to Advance Biofuels, Biomass Utilisation and Circular Economy
September 3, 2026: Bharat Petroleum Corporation Limited (BPCL) and the Centre for Science & Environment (CSE) have signed a Memorandum of Understanding (MoU) to strengthen collaboration in biofuels, biomass resource utilisation, waste-to-resource solutions and circular economy initiatives.
The partnership more..
BPCL Extends Director (Finance) V.R.K. Gupta’s Tenure Till June 30, 2031
September 3, 2026: Bharat Petroleum Corporation Limited (BPCL) has announced the extension of the tenure of Vetsa Ramakrishna Gupta, Director (Finance) and Chief Financial Officer (CFO), following communication from the Ministry of Petroleum and Natural Gas.
The ministry, through a letter dated September 1, more..
Supreme Court allows Oil India to file plea on rejection of drilling proposal at Assam’s Dibru-Saikhowa National Park
September 3, 2026: The Supreme Court on Wednesday (September 2, 2026) permitted Oil India to withdraw an interlocutory application and file a fresh plea seeking to overturn the rejection of its proposal by the Centre for Extended Reach Drilling (ERD) linked to hydrocarbon extraction beneath Assam’s Dibru-Saikhowa more..
Director (Refineries), Indian Oil Corporation Limited Visits RGIPT; Discussions Focus on Strengthening Academia–Industry Collaboration
September 3, 2026: Arvind Kumar, Director (Refineries), Indian Oil Corporation Limited (IOCL), visited Rajiv Gandhi Institute of Petroleum Technology (RGIPT), Jais, on 27 August 2026. During the visit, he interacted with the Director, RGIPT, Prof. Harish Hirani and faculty members, reviewed key research and training 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
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Alliance That Could Break With A Corrupt Past
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Hormuz Becomes A Theatre Of War
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Competitive Pricing Of Oil And Gas luding Indian Consumers
more...
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Blackrock’s Vena Energy India acquired by Inox Clean Energy
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IndianOil Mauritius Begins USD 25 Million Bunkering Facility Expansion
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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?
more...
Where Does India Figure Globally In LNG Imports?
more...
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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Sector-Wise Consumption Of Natural Gas In India
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CGD Sector’s Increasing Share In India’s Natural Gas Consumption
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Domestic Natural Gas Scene In May 2026
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A Total Picture of India’s Domestic Natural Gas Scene
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Coal Bed Methane Development in India
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Domestic Natural Gas Scene In April 2026
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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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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
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Fluctuating Levels Of India’s Petroleum Products Surpluses
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Indian Crude Basket Price Down In July M-o-M, Up Y-o-Y
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What Pushed Up Crude Processing In FY ’26?
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Distillate yield of PSU refineries in the last two years
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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
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India’s Crude Oil Imports Continue With The Declining Trend
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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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