Ukraine War: Mukesh Ambani's RIL supplying diesel to Europe from Jamnagar refinery
Mukesh Ambani-led Reliance Industries is sending shipments of diesel to Europe amid a global energy crunch spurred by Russia’s invasion of Ukraine, media reports said.
Russia-Ukraine crisis: Brent crude reaches 13-year high of $139, drops later, says report
Oil prices levels since 2008 on Monday amid fears of market supply disruptions as the United States and European allies are considering a ban on Russian oil imports and hopes of the return of Iranian crude diminished, media reports said.
Indian Oil to invest Rs 9,028 cr to construct new crude oil pipeline between Panipat and Mundra
New Delhi/IBNS: State-run refiner, Indian Oil will invest Rs 9,028 crore to construct a new crude oil pipeline between Mundra in Gujarat and Panipat in Haryana, the company said in a statement.
India, China, Japan, US to release crude oil together to control prices
New Delhi/IBNS: India has agreed to release 5 million barrels of crude oil from its Strategic Petroleum Reserves (SPR) in parallel and in consultation with other major global energy consumers including the USA, China, Japan, and South Korea in order to curb the steep rise in petrol prices.
India's crude oil imports to drop in May as lockdown restrictions hit oil demand: Report
New Delhi/IBNS: Indian refiners are likely to reduce crude imports in May amid the second wave of coronavirus infection in contrast to April when refiners met all their import commitments but the the full impact of the crisis will get reflected only in May numbers, according to S&P Global Platts Analytics.
Indian state-owned refiners stop import from China-linked companies: Report
New Delhi/IBNS: Indian state-owned refiners have stopped importing crude oil from China-linked companies, a Reuters report said, adding that the development is linked to the restrictions imposed by New Delhi on imports from countries it shares common borders.
India to store crude oil in US strategic reserve
New Delhi/IBNS: India is set to stockpile crude oil in American strategic reserves to shield itself from supply disruptions arising out of geopolitical reasons and enable purchase of crude in large quantities when the prices plunge.
Shell lubricants introduces Shell Advance Ultra Limited Edition packs
New Delhi/ Kolkata, Feb 20 (IBNS): Shell Lubricants has introduced its Shell Advance Ultra engine oil in new limited edition packs, an official release stated.