IOC's Panipat refinery in India has secured international certification for sustainable aviation fuel production under ISCC CORSIA standards. The planned SAF plant will have a capacity of 860,000 ...

The U.S. intercepted another oil tanker in the Indian Ocean that had come from the Caribbean, according to the Defense Department (DOD). “We defend the Homeland forward. Distance does not protect you.

The U.S. military intercepted an oil tanker it said was operating in defiance of President Trump’s quarantine of sanctioned vessels in the Indian Ocean overnight Monday after it tracked the vessel ...

Indian Oil Corp. and Hindustan Petroleum Corp. jointly bought a cargo of Venezuelan crude, marking a second deal on the trade by the nation’s processors after Reliance Industries Ltd. snapped up a ...

ACHIEVING RECIPROCAL TRADE: Last Friday, in a Joint Statement, President Donald J. Trump announced a trade deal between the United States and India that will open up India’s market of over 1.4 billion ...

Indian refiners are pausing and reassessing Russian crude purchases after a U.S.-India trade deal signaled limits on imports from Russia. The deal could redirect Indian oil buying toward the U.S., ...

Shares of Oil Marketing Companies (OMCs) like HPCL, BPCL, and IOC surged significantly. Oil prices fell over 5% in a single session on the easing of geopolitical tensions between the US and Iran. OMCs ...

NEW DELHI, Feb 2 (Reuters) - A ‌deal between Indian Oil Corp and ‌global trader Vitol to form an equal trading joint venture has been delayed due to differences over some clauses in the contract, two ...

India’s imports of Russian crude are expected to continue declining as the world’s third-largest buyer of the fuel diversifies suppliers, Oil Minister Hardeep Puri said. Shipments from Russia have ...

Urja Bharat (UBPL), a joint venture between Indian Oil Corporation and compatriot Bharat Petroleum Corporation, has unveiled a key oil discovery in Abu Dhabi’s promising Onshore Block-1. Abu Dhabi in ...

The Trump administration’s efforts to boost the U.S. oil and gas industry resulted in a 55 percent increase in permits to drill on public lands in just under a year. The Interior Department’s Bureau ...

1538 ET – Oil futures picked up some ground from yesterday’s selloff, holding gains into the close despite a bearish U.S. inventory report showing an above-estimate 6.4 million barrel build in U.S.