Indian Oil Corp

State-owned Indian Oil Corporation (IOC) ramped up liquefied petroleum gas production by nearly 30 per cent and kept its refineries operating above 100 per cent utilisation as disruptions to maritime trade through the Strait of Hormuz threatened India's energy supplies, its chairman said on Monday. The company also diversified crude sourcing, realigned refinery operations and secured alternative supplies as the escalation of conflict in West Asia disrupted global energy markets, IOC chairman Arvinder Singh Sahney said in his address to the company's 67th annual general meeting. "For IndianOil, the priority during this unprecedented crisis has remained crystal clear - to maintain continuity of energy supplies despite constrained sourcing options and volatile international markets," he said. India imports more than 88 per cent of its crude oil requirement, while about 45 per cent of its crude imports and nearly 90 per cent of LPG imports are linked to the Strait of Hormuz, underscorin

Indian Oil will supply Mauritius' entire import requirement of petrol, diesel and aviation turbine fuel under a long-term agreement with the State Trading Corporation

State-run oil major says it has secured crude supplies until late September despite West Asia disruptions, while LPG under-recoveries continued to weigh on earnings

Q1FY27 company results: Firms including Bajaj Finserv, Aditya Birla Capital, GAIL (India), Shree Cement, Dixon Technologies, and Sun Pharmaceutical are also to release their April-June earnings today

Prices of 5 kg FTL (Free Trade LPG) cylinders have been increased by ₹11, and will cost ₹821.50 in Delhi

IOC purchased Angola's Kissanje and Nemba crude for delivery to its Paradip refinery

S&P said Indian Oil may receive extraordinary support from the Indian government if the company comes under financial stress

S&P Global Ratings on Friday said state-owned Indian Oil Corporation (IOC) faces rising pressure to balance fuel affordability with profitability as prolonged tensions in West Asia increase crude oil prices and squeeze marketing margins. The ratings agency said disruptions in the Strait of Hormuz and elevated crude prices could widen the gap between domestic retail fuel prices and raw material costs, potentially hurting the company's earnings, cash flow and liquidity position over the next 12 months. India, the world's third-largest oil importer, relies heavily on imported crude to meet domestic fuel demand, with diesel accounting for nearly 39 per cent of total petroleum consumption. "IOC faces a conundrum. Its earnings and cash flow over the next 12 months are turning increasingly uncertain as the Middle East conflict becomes protracted. IOC has to balance its role of meeting the country's energy needs while absorbing losses due to high crude oil prices," it said. "Given the ...

Brent crude has surged to a four-year high of $125 per barrel. But there’s an unexpected twist. Falling spot premiums are cushioning the blow for India’s oil companies.

Emkay Global has cut ratings on OMC stocks as rising crude and windfall tax may hit margins. The brokerage sees up to 60% decline in FY27 earnings for HPCL, BPCL, IOCL

Indian refiners, hit hard by a declining rupee, are facing revenue losses from retail sales as cracks for gasoline and gasoil surged to multi-year ‌highs

A top official of the Lanka Indian Oil Corporation, the company's Sri Lanka operation, on Saturday assured continued fuel supplies amid the ongoing conflict in West Asia. The statement from Lanka Indian Oil Corporation (LIOC) comes after Sri Lanka's foreign minister, Vijitha Herath, expressed confidence that the request to his Indian counterpart, Dr S. Jaishankar, would help sustain island nations' energy supply chain. Herath discussed the matter with Jaishankar during his official visit to India on March 6. Addressing a gathering of management students here on Saturday, K Raghu, the managing director of LIOC, said,"As the Managing Director of Lanka IOC, I only want to tell the people that you are all in safe hands." "We will maintain the fuel line and provide energy security to the country, which is very important," Raghu added. "I will not say the situation is very rosy, but I will definitely assure you that you are all in safe hands, he said, adding that the companies and the .

IOC bought 2 million barrels of medium-heavy sour Oriente oil, the sources said, without elaborating ‌on the pricing and seller

JM Financial said Brent crude is likely to remain subdued at around $65 per barrel in the near term, at least until the US mid-term elections in November 2026

India's top refiner, IOC, has also bought some cargoes of Russian oil for January loading, they said

IOC's head of finance, Anuj Jain, has said his company will continue to buy Russian oil if the barrels are in compliance with sanctions

The state-backed refiner, India's largest, is seeking grades from the US, Canada, Brazil and Latin America

The IOC petrochemicals segment posted a profit of Rs 170 crore versus a loss of Rs 1 crore in Q1FY26

The partnership with Vitol will help Indian Oil cut crude-procurement costs from spot markets and improve margins through access to new buyers

India's state-run oil refiners procure crude oil from Russia from the spot market through traders, shielding the companies from direct impact of the US sanctions