Page 9 - S Dinakar

Despite wars in Europe and West Asia, oil shock fears yet to materialise

The peak that Indian crude oil basket has touched since Russia invaded Ukraine in Feb 2022 was in June of the same year pricing at $116.01 a barrel. It has not crossed $100 a barrel after July 2022

Indian refiners may need a rethink amid shrinking Russian crude discounts

Even after reduction, discounts on Russian crude oil may be contributing $1.5 to $2.5 a barrel to refiners' gross refining margins

Fuelling tensions: West Asian conflict reveals India's oil vulnerability

Iran attacked Israel after an airstrike by Jerusalem on April 1 on an Iranian embassy compound in Damascus killed an Iranian general and six officers

Ships in Iran, Venezuela shadow trade supplied Russian oil to India

Supplies of Russian oil to India are arriving on vessels that were earlier used to ply crude oil produced by Iran and Venezuela, both of which have been under US sanctions for years

Russia, Venezuela flows stay strong as cheaper crude evades US curbs

India may receive 4 million barrels of Venezuelan crude, the cheapest among all crude sources, in April, lower from 4.78 million barrels in March

TCG plans $10 billion oil-to-chemicals project in Tamil Nadu

TCG's investment plans comes amid strong growth for chemicals in India to drive a 7% growth, but also at a time of oversupply in the global petrochemicals business

Slippery road: India's clean energy drive faces a tricky patch of taxation

The elephant in the room is Rs 7.5 trillion a year in revenues to the exchequer

India's oil imports to be disrupted as US-Venezuela tensions escalate

Uncertainty over Venezuelan supplies comes amid reduced discounted Russian flows

Foreign investment dwindles as India struggles to boost oil production

India's high demand for oil and low domestic output are increasing the dependence on imports. The 'supportive' upstream policy, if backed by lower taxes, could turn things around

Gaining momentum: Petro product exports fire up after fall in January

In Feb, country regains market share in diesel shipments, India's most-valued export to Europe, putting a check on US expansion

US sanctions on Russia's oil-shipping firms may leave India at sea

Washington is chipping away at the so-called shadow fleet that transports oil to China, India and Turkiye among others

Refining reality: World expects India to go past China in global oil demand

Can the country's refining capacity keep up?

Russian crude oil traders come up with ways to sidestep US sanctions

Russian barrels are not sanctioned for countries like India, but if the ships they are delivered on come under sanctions then India cannot buy such shipments

Houthi attacks on Russian oil tankers complicate things for Indian refiners

Houthi attacks on Russian crude deliveries coincide with escalating US actions on ships carrying such crude, leading to double trouble for India

New US sanctions target India's biggest crude grades from Russia

Urals and Sokol accounted for every 4 out of 5 barrels of Russian supplies to India last year

India needs robust policies for ethanol to sustain distillery investments

Indian Oil Corporation has set up 100 per cent ethanol dispensing outlets at 400 petrol pumps in Maharashtra, Karnataka, UP, and Tamil Nadu, Oil Minister Hardeep Singh Puri said

State refiners may face margin pressure as cheap Russian oil imports dip

Reduction in discounted Russian supplies will affect gross refining margins, as cheaper crude contributes to the profits of Indian Oil, Bharat Petroleum and Hindustan Petroleum

US sanctions on Russian oil shipments a worry for Indian refiners

Enhanced enforcement of sanctions by Western powers may increase procurement costs and reduce the appeal of discounted Russian crude

Indian petroleum export earnings hit as Red Sea conflict intensifies

Outbound petro shipments contributed $57 billion to India's coffers in FY23

Energy security: India considering options for strategic petroleum reserves

India's plans to replace most petrol vehicles with electric ones may fall well short of the target, forcing the country to continue depending on crude oil