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Indian Refiners Secure Middle East, African Crude

By Uniquetimesorg August 5, 2026 0

Indian refiners have increased crude oil purchases from the Middle East and West Africa, with Mangalore Refinery and Petrochemicals Ltd (MRPL) buying one million barrels of Oman crude through a tender, according to trade sources. The cargo was reportedly purchased at a premium of around $3 per barrel over the dated Brent benchmark. State-run Indian […]Continue Reading

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Chennai Petroleum Plans 33% Refinery Capacity Expansion to 280,000 Barrels Per Day

By Uniquetimesorg August 3, 2026 0

Chennai Petroleum Corporation Ltd (CPCL), a state-run Indian oil company, has announced plans to expand its refining capacity by nearly one-third to 280,000 barrels per day. The company revealed the expansion strategy in its 2025-26 annual report, aiming to strengthen its position in India’s growing energy sector. CPCL currently operates the 210,000 barrels-per-day Manali Continue Reading

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Indian Refiners Secure Oil Supplies Amid Iran Conflict

By Uniquetimesorg June 11, 2026 0

Indian refiners have secured sufficient crude oil supplies through at least August despite disruptions linked to the Iran conflict. To strengthen energy security, refiners have increased purchases from Abu Dhabi National Oil Company (ADNOC) and other global suppliers in recent weeks. Industry sources said Indian companies have also built up liquefied petroleum gas (LPG) Continue Reading

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Indian Refinery Stocks Slide as Crude Surges on Iran War Fears

By Uniquetimesorg March 9, 2026 0

Shares of major Indian refiners fell sharply on Monday after global oil prices surged amid the escalating conflict involving Iran, the United States, and Israel. Benchmark Brent Crude prices jumped close to $120 per barrel, reaching nearly a four-year high and raising concerns about the near-term profitability of Indian oil marketing companies that rely heavily […]Continue Reading

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Aramco Sells First Jafurah Condensate Cargoes

By Uniquetimesorg February 24, 2026 0

State energy giant Saudi Aramco has sold its first cargoes of ultra-light condensate from the $100 billion Jafurah gas project to major buyers in the U.S. and India, according to trade sources. The shipments, scheduled for loading from late February, were purchased by Chevron, Exxon Mobil and Indian Oil Corporation. The cargoes were reportedly priced […]Continue Reading