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NEW DELHI: The availability of crude, LPG and LNG in India has improved considerably compared to a month ago when the West Asia conflict broke out, a petroleum ministry official said Monday.Officials said India has diversified sourcing of crude and gas to plug gaps caused by disruptions in the Strait of Hormuz, while prioritising LPG…
NEW DELHI: India’s weekly LPG imports fell to 265,000 tonnes in the week to March 19, from 322,000 tonnes on March 5. West Asia inflows declined to just 89,000 tonnes in the week to March 19, the lowest share since Jan 2026, according to S&P Commodities At Sea (CAS).The report, however, added that alternative regional…
As the Middle East conflict continues to escalate, India is rerouting its crude supply chains to secure uninterrupted fuel imports. Indian refiners are securing additional crude oil from the United States, Russia, and West Africa to maintain adequate supplies if the Middle East conflict stretches on for long, industry officials and analysts said. Refineries that…
Indian Oil Corporation (IOC), the country’s largest refiner, has purchased around 7 million barrels of crude oil for March loading, including supplies from Brazil’s Petrobras, as refiners continue to scale down dependence on Russian oil and diversify sourcing toward other regions, Reuters reported citing trade sources.The purchases come amid a broader recalibration by refiners to…
