Fuels Heavy oils

Chevron to acquire US oil company Hess

US oil major Chevron announced has entered into a definitive agreement with compatriot Hess Corporation

Fuels Heavy oils

India to add 56.6 mtpa of crude oil refining capacity

India, the world’s fourth largest refiner, will add as much as 56.6 million tonnes per

Biofuels Fuels

India eyes Brazil’s ethanol technology to lower oil imports

India has been accelerating efforts to achieve 20 percent ethanol blending with petrol by 2025

Fuels Heavy oils

Centre cuts windfall tax on crude oil

The finance ministry has reduced to windfall tax on the sale of locally-produced crude oil

Fuels Heavy oils

Mexico-India unlocking opportunities in the crude oil sector

Mexico’s prominence as a crucial supplier of crude oil to India has steadily grown, making

Fuels Heavy oils

Crude oil imports in India slightly increased during June

The net import bill for oil and gas was $9.5 billion in June 2023 compared

Biofuels

India mulls building strategic natural gas storage facilities

The aim is to have a substantial gas stockpile that can be utilised during emergencies

Heavy oils

India reimposes tax on domestic crude production

The government has reimposed a tax of 1,600 rupees/t ($2.66/bl) on domestic crude output from

Fuels Heavy oils

Venezuelan crude exports heading to US

The easing of US sanctions has seen nearly a quarter of Venezuelan crude head to

Refineries VERTICALS

Indian crude processing remained near record levels

Indian refiners’ crude oil processing remained near record levels in February, provisional government data showed,