Oil Refineries

Indian refiners' fuel exports to West rise 43% amid Russian crude use

Refineries in India and two other countries that run on Russian crude shipped 1 billion euros (USD 1.2 billion) of oil products to sanctioning countries in September, up 43 per cent from August, according to the Centre for Research on Energy and Clean Air (CREA). Reliance Industries Ltd's Jamnagar refinery in Gujarat supplied six of the seven cargoes unloaded at EU ports that month, despite the bloc's ban on fuel made from Russian crude. The CREA report covers refineries in India, Turkiye and Brunei. The EU took 667 million euros' worth of their products, Australia 168 million euros, the US 154 million euros and New Zealand 19 million euros. CREA estimated 295 million euros' worth was refined from Russian crude. Jamnagar also supplied the group's largest US-bound exports, worth 122 million euros, and Russian crude made up 32 per cent of its imports from July to September. Italy received three of the seven EU-bound shipments, Romania two, and Spain and Cyprus one each. Exports repor

China's Sinopec first-half profit rises 12% after surge in energy prices

The company, officially known as China Petroleum & Chemical Corp., earned 23.8 billion yuan in the first half of last year

Indian refiners halt Iraq oil loadings as Hormuz risks escalate: Report

Indian Oil Corp. abandoned plans to load the supertanker Lila Jamnagar, which can hold as much as 2 million barrels of oil, the people said, asking not to be identified because the matter is private

Domestic refiners keep local jet fuel prices unchanged after airlines' plea

The fuel price for domestic flights will remain unchanged at ₹104,927 ($1,104.25) a kiloliter in New Delhi for June

China invokes anti-sanctions law over US blacklisting of oil firms

Under the law, introduced in 2021 and most recently revised in April, China can impose countermeasures on companies and individuals, including trade and investment curbs and entry and exit restriction

RBI asks state oil refiners to curb spot dollar buying, says report

The state-run refiners have been asked to access the credit line via the State Bank of India, the sources said. SBI is India's largest bank and is state-backed

India veg oil refiners cut purchases, expect conflict-driven rally to fade

India, which meets nearly two-thirds of its vegetable oil needs through imports, brought in an average 1.36 million metric tons a month in the marketing year that ended in October 2025

Domestic consumption priority, may review fuel exports plan: Govt

India may curb fuel exports to secure domestic supply as West Asia conflict disrupts energy flows and triggers LPG shortages

Trump announces new oil refinery in Texas, thanks Reliance for investment

Trump announced the opening of a new oil refinery in Texas, calling it the first new US refinery in 50 years and part of a $300 billion deal while thanking Reliance Industries for its investment

Saudi Arabia intercepts drones targeting its Ras Tanura oil refinery

Saudi Arabia's Ras Tanura oil refinery came under attack on Monday from drones, the kingdom's defense ministry said, with authorities downing the incoming aircraft. A Saudi military spokesman made the announcement on the state-run Saudi Press Agency. Online videos from the site appeared to show thick black smoke rising after the attack. Even successfully intercepted drones cause debris that can spark fires and injure those on the ground. Ras Tanura, near Dammam, has a capacity over half a million barrels of crude oil a day.

Petrobras renews oil deals with Indian refiners worth more than $3.1 bn

The agreements represent a sales potential up to 60 million barrels, with a total value that may exceed $3.1 billion, Petrobras said

Refiners likely to buy more US LPG in 2026, cut Middle East imports

The state refiners have already informed their traditional suppliers of LPG in Saudi Arabia, United Arab Emirates, Kuwait and Qatar about the likely cut in LPG purchases

China's plan to cut refining capacity faces pushback in key regions

China's oil refiners need to stop producing so much transport fuel because the energy transition means the demand is no longer there

India's oil reforms to blunt US and European Union supply coercion

The government has no say in where the country's refiners source oil from because these are commercial transactions, the official reiterated

Oil refiners' May crude processing edges up 0.4% from a year earlier

India's fuel demand in May rose to its highest in more than a year, while crude oil imports reached a record high of 23.32 million metric tonnes

Saudi Arabia's push into Indian refineries stalled over crude oil supply

The nations agreed last month to collaborate on the two plants, as the largest oil exporter seeks to tap a massive market that will help drive global demand growth

Trump's Russian oil threat pushes Indian refiners to seek alternatives

Trump raised the prospect of so-called secondary tariffs on buyers of Russian oil if President Vladimir Putin refused a ceasefire with Ukraine

Unable to repatriate earnings, Rosneft looks for an exit from Nayara Energy

Reliance Industries, Adani Group, and JSW Group may be among potential buyers of Rosneft's 49.13% stake in Nayara Energy

Reliance likely to move Dubai crude team to India in global trade rejig

In 2021, Reliance, controlled by billionaire Mukesh Ambani, announced the opening of an office in UAE to trade oil and refined fuels including petrochemicals

Russia's oil refining capacity likely to fall by 15% in later half of Oct

A decline in idle oil refining capacity usually leads to less available crude oil and a resulting fall in exports as refineries consume more feedstock to produce fuel