Petroleum

7 years on, ₹8,700 crore Odisha strategic oil reserve project awaits land

Public-sector firm seeks help from Independent MLA to start work

West Asia war tests India's oil shock absorbers amid supply worries

Strategic reserves offer limited cover as shipping disruptions slow the arrival of replacement barrels

India faces oil shock as Iran war intensifies and supply risks grow

US and Israeli strikes that killed Ayatollah Ali Khamenei have deepened open conflict with Iran and rattled West Asia, disrupting sea routes via Strait of Hormuz, fuelling oil price spike

India likely to buy petroleum, defence goods, aircraft from US under deal

Trump announced a trade deal with India that slashes US tariffs on Indian goods to 18% from 50% in exchange for India halting Russian oil purchases and lowering trade ​barriers

Project completions to drive earnings growth for Hindustan Petroleum

HPCL's earnings growth is set to accelerate as major projects like Vizag RUF come on stream, capex intensity falls, and operating efficiencies improve despite near-term risks

India's exports to China rise on petroleum and electronics shipments

Petroleum products, and electronic goods are helping India increase its exports to China, with which it has a huge trade deficit of about USD 100 billion, according to the commerce ministry data. India's exports to China rose from USD 9.20 billion in April-November 2024 to USD 12.22 billion in April-November 2025, an increase of 32.83 per cent year-on-year. Petroleum products emerged as the largest contributor in the exports to China. It was followed by electronic goods, marine products, and oil meals, the data showed. "This sharp increase highlights strengthening trade momentum with China, supported by higher demand across key commodity segments and improved export performance over the period," an official said.

Reliance buys 1 million barrels of heavy crude from Kuwait via tender

Reliance halted Russian oil purchases last month after Russian producers Rosneft and Lukoil were sanctioned by the United States

India's petrol demand rises 7% in October; diesel sales remain flat

India's fuel consumption trends diverged in October, with petrol sales rising on festive demand and diesel demand subdued by the growing use of EVs and CNG vehicles in public transport

India needs to make a big oil and gas discovery soon: Oil Secy Pankaj Jain

Oil Secretary Pankaj Jain says India's credibility is at stake if it fails to find a major oil and gas reserve soon, urging faster, technology-driven exploration efforts

PNGRB plans draft regulations for hydrogen transport and blending

The idea is to ensure the country's gas pipeline network is ready for Hydrogen integration, so as to send a clear signal to the industry that this future fuel can be transported to the market

Oil prices likely to drop further as Opec+ boosts output from October

Beginning April this year, Opec+ had been increasing production every month. The latest September production increase fully reversed the 2.2 million bpd voluntary cut

India eyes 126 million PNG connections, 18,000 CNG stations by 2034

Major push in gas infra expansion being achieved through state policies, says PNGRB

Cabinet approves ₹30,000 crore compensation for PSU oil marketing firms

The Cabinet approved ₹30,000 crore compensation for IOCL, BPCL and HPCL to cover domestic LPG losses, ensuring affordable supply and financial stability for PSU oil firms

No fuel for old vehicles in Delhi from today: Here is what to know

The Commission for Air Quality Management (CAQM) has ordered petrol pumps in Delhi to stop fuelling diesel vehicles over 10 years and petrol vehicles over 15 years old, enforcing a Supreme Court ban

India's fuel exports face EU sanction risk amid West Asia oil crisis

The bloc's proposal on barring imports of diesel, gasoline & jet fuel derived from Russian crude oil in refineries is of concern because it does not require US or G7's cooperation for implementation

Shell-Reliance-ONGC JV completes India's 1st offshore decommissioning

A joint venture of Shell, Reliance Industries Ltd and ONGC has successfully completed India's first offshore facilities decommissioning project with the safe removal of installations on the mid and south Tapti gas field in the Arabian Sea, the firms said on Monday. Once a field stops producing oil and gas, the facilities that were erected to bring out hydrocarbons from below ground or under seabed, have to be safely removed - a process called decommissioning. The Tapti field, lying 160 km north-west of Mumbai, stopped producing in 2016. Certain facilities at the mid and south Tapti fields, known as the Tapti Part A Facilities were handed over to state-owned ONGC while the remaining facilities, which included 38 wells, 5 wellhead platforms and four pipelines, known as Tapti Part B Facilities were abandoned by the joint venture. In 2017, the joint venture started preparing to decommission the Tapti field, where Shell owned 30 per cent interest, Oil and Natural Gas Corporation (ONGC) .

Russia replaces UAE as the top naphtha supplier to India in 2024-25

(Corrects designation of HMEL's Das to managing director & CEO, not chairman, in paragraph 5)

Kerala Governor backs CM Vijayan in presenting state's demands to Centre

The Governor further emphasised that everyone should work together to achieve their goals 'without politicising' the issues

ISPRL seeks private firms to build 2.5 mn tonnes petroleum reserve at Padur

In 2021, India overhauled its policy to allow part of SPRs to be used commercially, mirroring a model adopted by countries such as Japan and South Korea that allows private lessees, mostly oil majors

Stop-start in currency volatility: Markets deliver consistent daily shifts

Policymakers can get export growth for some time through subsidies, whether a production-linked incentive or a falsified exchange rate