Essayer OR - Gratuit
India may buy Mideast oil to replace Russian shortfall
Millennium Post Delhi
|December 25, 2024
“The three large state-owned refiners- IOC, BPCL and HPCL are short of 8-10 million barrels of Russian oil for January loading”
-
NEW DELHI: Indian state refiners are considering tapping the Middle East crude market as spot supply from their top supplier Russia have fallen, three refining sources said, in a move that could support prices for high-sulphur oil.
The three large state refiners- Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) are short of 8-10 million barrels of Russian oil for January loading, the sources told Reuters.
The refiners fear continued problems in securing Russian oil in the spot market could continue in coming months as Moscow's own demand is rising and it has to meet commitments under the OPEC pact.
However, they added that they can draw from their inventories to meet crude processing needs in March.
Cette histoire est tirée de l'édition December 25, 2024 de Millennium Post Delhi.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE Millennium Post Delhi
Millennium Post Delhi
LPG supply disruption' worries Delhi residents; students forced to eat outside
Concerns over LPG supply have begun troubling residents and students in the capital, with many households shifting to induction stoves while others rely on outside food as the widening West Asia conflict disrupts energy supplies.
1 min
New Delhi 12March2026
Millennium Post Delhi
LS voice vote defeats motion against Birla
WHEN CHANCE TO SPEAK, HE’S IN GERMANY: SHAH TEARS INTO LOP
4 mins
New Delhi 12March2026
Millennium Post Delhi
Census 2027 to unfold in 2 phases, says Govt
The government has announced that the Census 2027 process will take place in two stages.
1 mins
New Delhi 12March2026
Millennium Post Delhi
Sebi exploring regulatory framework to speed up approval for AIFS, says Tuhin Kanta Pandey
The Sebi is exploring a new regulatory framework for Alternative Investment Funds that could speed up the launch of fund schemes, Chairman Tuhin Kanta Pandey said on Wednesday.
1 min
New Delhi 12March2026
Millennium Post Delhi
Day 11: Iran ramps up Gulf strikes
Commercial ships, airport hit; banks & financial institutions next in Iran’s sights
4 mins
New Delhi 12March2026
Millennium Post Delhi
Trump says Reliance to invest in US oil refinery
Billionaire Mukesh Ambani’s Reliance Industries will partner in building the first new oil refinery in the US in 50 years, US President Donald Trump said, calling it the “biggest in US history”.
1 min
New Delhi 12March2026
Millennium Post Delhi
Transfer excise policy case to an impartial bench: Kejriwal
Former Delhi chief minister and AAP convenor Arvind Kejriwal, along with other accused in the excise policy case, on Wednesday urged the Chief Justice of Delhi High Court, DK Upadhyaya, to transfer CBI's plea against their discharge in the case by the trial court from Justice Swarana Kanta Sharma to another judge, according to the party.
1 min
New Delhi 12March2026
Millennium Post Delhi
In a first, SC allows passive euthanasia
In its first ever order allowing passive euthanasia, the Supreme Court on Wednesday permitted the withdrawal of artificial life support to a 32-year-old man who has been in a coma for more than 12 years.
2 mins
New Delhi 12March2026
Millennium Post Delhi
Gas crunch fuels induction rush
Amid the war in Iran and the crisis in the Middle East, there is a global shortage in the supply of oil and natural gas. India is also grappling with an LPG crisis that has sent prices soaring and sparked panic buying of both gas cylinders and induction cooktops as an alternative.
4 mins
New Delhi 12March2026
Millennium Post Delhi
Farooq Abdullah escapes gun attack; accused held
National Conference president Farooq Abdullah and Jammu and Kashmir Deputy Chief Minister Surinder Choudhary escaped unhurt in an attack by a gunman outside a marriage hall in the outskirts of Jammu on Wednesday night, officials said.
1 min
New Delhi 12March2026
Listen
Translate
Change font size