India needs to increase its petrochemical production capacity to meet local and global demand and contain China's growing dominance of the sector, a senior Reliance Industries official said on Friday.
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India Ltd has signed a 15-year gas sale and purchase agreement with GAIL (India) Ltd to supply up to 900,000 standard cubic metres per day of natural gas from its Bakhri Tibba block in Rajasthan to a power plant operated by Rajasthan Rajya Vidyut Utpadan Nigam Ltd.
Oil markets are absorbing OPEC+ production increases without building inventories, which means they are thirsty for more oil, United Arab Emirates' Energy Minister Suhail al-Mazrouei said on Wednesday.
India plans to source about 10% of its cooking gas imports from the U.S. beginning in 2026 as part of a broader effort to boost energy purchases to narrow its trade gap with Washington, four industry refining sources familiar with the matter said.
Minister of Petroleum and Natural Gas Hardeep Singh Puri said on Monday that the government is looking at various projects in Norway with an eye on expertise to upgrade and expand India’s energy capabilities.
With a refining capacity of 2.237 million barrels per day, Iran holds a 16% share of OPEC’s total refining capacity, making it the second-largest refiner among the organization’s member countries. Iran also accounts for 2.1% of global refining capacity.
Petroleum and Natural Gas Minister Hardeep Singh Puri on Sunday said India has never faced a shortage of petroleum products, even during the Covid pandemic or global conflicts, crediting the government’s foresight for ensuring uninterrupted supplies.
India’s Oil and Natural Gas Corporation (ONGC) has partnered with Mitsui O.S.K. Lines (MOL), Japan’s leading shipping company and one of the largest in the world, to build, own, and operate two Very Large Ethane Carriers (VLECs).
Russian natural gas exports to the EU saw a sharp month-over-month contraction of 18.3% in June, according to data compiled by Reuters. The drop was reportedly attributed to maintenance of the gas-pumping infrastructure.
OPEC+ agreed to increase production by 548,000 barrels per day in August, marking the first meeting since oil prices surged and then retreated following attacks on Iran.
India’s Russian oil imports rose to an 11-month high in June, further cementing Moscow’s continued dominance in New Delhi’s oil import basket.
Saudi Arabia and Indonesia have signed agreements worth $27 billion, covering clean energy, petrochemical industries, and aviation fuel services, during Indonesian President Prabowo Subianto's visit to the Kingdom.
India’s External Affairs Minister S. Jaishankar has said that New Delhi has raised concerns with U.S. Senator Lindsey Graham regarding a proposed bill that threatens to impose massive tariffs, up to 500%, on countries that continue importing oil from Russia.
The Organization of the Petroleum Exporting Countries (OPEC) launched the 2025 edition of its Annual Statistical Bulletin (ASB) on Wednesday, July 2 2025, at the OPEC Secretariat in Vienna, Austria.
Informed trade sources have revealed that Saudi Aramco, the world's largest oil exporter, plans to raise its official selling prices for oil to Asian markets in August, marking the highest levels since April.
India's renewable energy sector faces financial challenges as subsidy ends, requiring projects to pay transmission costs after June, potentially increasing green energy tariffs and hindering clean energy goals.
A tanker carrying the first cargo of liquefied natural gas from LNG Canada set sail Monday from British Columbia’s northern coast, heralding the commercial startup of the $18-billion Shell PLC-led export terminal and ushering in Canada’s long-awaited debut into the global LNG market.
Despite a projected decline in long-term global oil demand and a slowdown in 2025 due to Trump's tariffs, S&P Global Commodity Insights forecasts India will lead future oil demand growth, increasing import dependency.
The Pakistani government has revised gas prices for the fiscal year 2025-26 and okayed a 50 percent increase in fixed charges for domestic consumers, effective from July 1, the Oil and Gas Regulatory Authority (OGRA) announced on Sunday.
The Indian Navy swung into action after receiving a distress call of an oil tanker catching fire in the Gulf of Oman on Sunday. Indian Navy's stealth frigate INS Tabar was mobilised to rescue Pulau flagged MT Yi Cheng 6, which reported a major fire after engine failure.