Tag Archives: India

India’s state-run refiners have locked in their first-ever long-term deal to import U.S. liquefied petroleum gas (LPG), awarding tenders to Chevron, Phillips 66, and TotalEnergies Trading for delivery beginning in 2026—a move that marks a geopolitical and commercial break from the Middle East and a step toward appeasing Washington. The …

Faced with difficult trade negotiations with the United States and American tariffs on their products, Canada and India pledged to encourage long-term supply chain partnerships in critical minerals and clean energy. At a trade summit in India, Canada and the host country agreed to revive their stalled bilateral relations and …

Uncertain demand signals and high costs are holding back India’s green hydrogen goals and plans, the Institute for Energy Economics and Financial Analysis (IEEFA) said in a briefing note on Friday, days after a senior Indian official warned the country would miss its 2030 green hydrogen production target. Most projects …

All but two Indian refiners have skipped placing orders for Russian crude for December after the U.S. sanctioned Russia’s top oil producers, Rosneft and Lukoil, sources with knowledge of the purchases told Bloomberg on Tuesday. India’s refiners, which have come to rely on cheap Russian crude in the past three …

Two Indian refiners bought a total of 5 million barrels of crude oil from the United States, Iraq, and the UAE on the spot market as they seek alternatives to Russian crude. Reuters reported, citing unnamed industry sources, that Hindustan Petroleum Corp. had bought 2 million barrels of West Texas …

India’s renewable energy boom is leading to soaring transmission costs as the country’s transmission network is being built on estimates of potential renewable power generation not on actual capacity or demand, according to a top electricity market executive. This approach to transmission leads to surging transmission charges that state power …

Power generation in India plunged by 6% in October from a year earlier – the sharpest drop since the Covid lockdowns in 2020 – as lower industrial demand due to holidays and unusually rainy weather dampened consumption, according to a Reuters analysis of government data. Total power generation fell to …

India’s biggest state-held refiner, Indian Oil Corporation (IOC), has acquired five December-arriving cargoes of Russian crude from non-sanctioned entities, trade sources told Reuters as India scrambles to replace sanctioned Rosneft and Lukoil deliveries. The U.S. sanctions Russia’s top two producers sent Indian refiners rushing to replace volumes from these exporters …

Oil India Limited (OIL), the state-owned oil and gas explorer, has $300 million in dividends from its stakes in Russian oilfields stuck at Russian banks and unable to withdraw, due to last week’s U.S. sanctions that hit the Rosneft-operated fields. The U.S. sanctions on JSC Vankorneft and Taas-Yuryakh Neftegazodobycha LLC …

Indian oil refiners can shift away from Russian crude after US President Donald Trump imposed sanctions on Moscow’s two largest oil companies — but the move will come at a cost, analysts said Friday. Trump has claimed that Indian Prime Minister Narendra Modi has agreed to cut its Russian oil …