Some market participants are impatient, I think. They have got other recognised independent standards which they can use in the interim, said DIRK FORRISTER, president and chief executive of the IETA
Crude oil from the US is a tough buy in today's environment - supplies to India have already dropped by half from 2021 levels
The war provided Prime Minister Narendra Modi's government with an opportunity to reinforce India's strategic autonomy by resisting Washington's pressure to sanction Russia
As cooking gas underrecoveries soar, Centre considers ~40K cr mid-year payout
A sharp rise in LNG prices threatens to unravel India's projected 12% growth in demand for the fuel this financial year
US LNG is usually sold with a Henry Hub plus formulae, which has been used since Cheniere started exporting in 2016
Russian shipments averaged 1.67 million barrels per day in January compared to 1.48 million bpd in December and 1.53 million bpd a year earlier
Renewable energy is now the cheapest power source. Companies primarily buy it for cost savings, with environmental benefits as a bonus
The expansion in US LNG capacity could lead to a global oversupply by the decade's end, potentially lowering prices
The petroleum sector contributed Rs 4.32 trillion to the Central exchequer by way of taxes, royalties, and dividends, among others, and Rs 3.19 trillion to the states in 2023-24
State-run refiners plan to renew or enhance optional volumes under existing contracts, struck on a fiscal basis, despite higher sourcing costs
Cargoes must be loaded before Jan 10 to evade sanction laws: Treasury Dept
Indian refiners have until Feb 27 to wind down transactions with sanctioned Russian tankers, opaque traders, a shadow fleet, and insurers, according to a US govt official
India's slowing economy is most exposed to the latest bans because refiners must pay much more to purchase alternative crudes from West Asia in the short term
Indian refiners may face a windfall this year from falling Urals oil rates even as US levies sanctions on Russian firms. Will motorists benefit?
Ethanol Blended Petrol (EBP) programme 2.0 is essential because the International Energy Agency forecasts India to be the biggest contributor to global oil demand in the years ahead
Attacks by Iran-backed Houthi rebels since October 2023 on ships crossing the Suez Canal have hurt sales of transport fuel shipments from India
The US Energy Information Administration predicted global oil price benchmark Brent to average $73.58 per barrel in 2025 in its latest short-term energy outlook
Indian consumers are seeking to diversify their sourcing contracts by balancing US Henry Hub linked LNG purchases with oil linked contracts
It has been 17 months since Indian Oil's Sriperumbudur outlet began operations but it receives no more than five to 20 trucks a day, for sales of around 80 tonnes of LNG a month