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Dec 6, 2024 | 
spglobal.com | Sambit Mohanty |Ratnajyoti Dutta
India's move to broaden the scope of its exploration policy beyond petroleum and natural gas while abolishing a windfall tax on domestically produced crude oil will likely draw in private and foreign entities to the upstream sector, which has witnessed an uneven growth trajectory over the past decade. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
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Dec 4, 2024 | 
spglobal.com | Sambit Mohanty
Europe is increasingly turning out to be the brightest market for Indian oil products exporters that have capitalized on the shortages of diesel and other fuels due to geopolitical tensions and are shipping plentiful cargoes, a trend that is set to spill over to next year. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
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Nov 28, 2024 | 
spglobal.com | Sambit Mohanty
India is just months away from launching its first greenfield integrated refinery complex in nearly a decade, leading to active negotiations with global oil producers for term crude imports for a project that has the potential to generate incremental annual feedstock demand of up to 9 million mt. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Dubbed the "jewel of the desert," HPCL Rajasthan Refinery Ltd.
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Nov 25, 2024 | 
spglobal.com | Sambit Mohanty |Ratnajyoti Dutta
Indian Prime Minister Narendra Modi's maiden visit to Guyana has bolstered expectations that the country's refiners are moving closer to signing long-term crude oil import deals with the relatively new South American supplier, as New Delhi intensifies its efforts to diversify its supply sources. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
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Nov 20, 2024 | 
spglobal.com | Gawoon Phil Vahn |Analyst Oceana Zhou |Sambit Mohanty
This is part of the COMMODITIES 2025 series where our reporters bring to you key themes that will drive commodities markets in 2025 Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
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Nov 19, 2024 | 
spglobal.com | Sambit Mohanty |Ratnajyoti Dutta
India's oil product demand reversed a period of negative growth and posted a close to 3% year-over-year rise in October as the monsoon season ended, a trend that is set to continue in November on the back of higher vehicle sales during the festival period and robust demand from the agricultural sector. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
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Nov 14, 2024 | 
spglobal.com | Sambit Mohanty
India is unlikely to trim its purchases of Russian crude under a new Donald Trump government, though it might explore more term import contracts and collaboration on storage with the US, analysts and trade sources told S&P Global Commodity Insights. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
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Nov 12, 2024 | 
spglobal.com | Sambit Mohanty
Cairn Oil and Gas is hoping to win multiple oil and gas blocks in the latest and upcoming rounds of auctions by the Indian government, opening up a window of opportunity to diversify and expand its footprint in shallow and deepwater blocks, its chief financial officer Hitesh Vaid said. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
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Nov 12, 2024 | 
spglobal.com | Sambit Mohanty
Cairn Oil and Gas is hoping to win multiple oil and gas blocks in the latest and upcoming rounds of auctions by the Indian government, opening up a window of opportunity to diversify and expand its footprint in shallow and deepwater blocks, its chief financial officer Hitesh Vaid said. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
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Nov 7, 2024 | 
spglobal.com | Rong Wei Neo |Sambit Mohanty
China's positive oil consumption outlook for 2025 will likely aid a global demand recovery, but growing non-OPEC supplies have the potential to tilt the market balance going into next year, Russell Hardy, CEO of Vitol, told the FT Commodities Asia Summit Nov. 7. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
