October 14, 2026
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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 Oil Corporation (IOC), India’s largest oil refiner, has significantly increased its spot crude purchases to offset supply disruptions from the Middle East, according to the company’s finance head, Anuj Jain. Spot purchases have risen from 50% to nearly 84% as the company continues to monitor global developments and adjust its sourcing strategy. The shift Continue Reading
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Indian state-owned refiners Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation Limited (HPCL) have purchased a combined 8 million barrels of crude oil through international tenders, according to trade sources. The acquisitions are aimed at meeting upcoming refinery requirements, although pricing details of the deals were not disclosed. IOC secured around 5 Continue Reading

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