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HPCL, MRPL Seek Up to 6 Million Barrels of Crude Oil

By Uniquetimesorg August 12, 2026 0

India’s state-run refiners Hindustan Petroleum Corp (HPCL) and Mangalore Refinery and Petrochemicals Ltd (MRPL) are seeking up to a combined 6 million barrels of crude oil through spot tenders, according to documents reviewed by Reuters. The purchases come amid continued uncertainty in global oil shipping routes. HPCL is looking to import up to 4 million […]Continue Reading

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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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HPCL Buys West African Crude for Rajasthan Refinery

By Uniquetimesorg August 4, 2026 0

Hindustan Petroleum Corporation Limited (HPCL) has purchased two million barrels of crude oil from West Africa through a tender for its 180,000 barrels-per-day Rajasthan refinery, according to trade sources. The cargo is expected to arrive in late September. The deal includes Nigeria’s Okwuibome and Utapate crude grades, which were bought from commodity trader Glencore. Continue Reading

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ONGC to Build 13 Million-Barrel Strategic Oil Reserve in Mangalore

By Uniquetimesorg July 10, 2026 0

India’s Oil and Natural Gas Corporation (ONGC) has announced plans to build a new strategic petroleum reserve (SPR) with a capacity of 1.75 million metric tons, or about 13 million barrels, in Mangalore, Karnataka. The move is aimed at strengthening the country’s energy security following recent global supply disruptions caused by geopolitical tensions. India, Continue Reading

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Indian Oil and HPCL Secure 8 Million Barrels of Crude Through Global Tenders

By Uniquetimesorg July 6, 2026 0

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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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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BPCL Boosts Spot Oil Purchases Amid Middle East Supply Disruptions

By Uniquetimesorg May 20, 2026 0

India’s state-run refiner Bharat Petroleum Corporation Limited is reviewing its crude oil import strategy almost daily as disruptions linked to the Iran conflict continue to impact global energy supplies. BPCL Chairman Sanjay Khanna said the company has significantly increased spot crude purchases after force majeure declarations from some Gulf suppliers affected planned Continue Reading

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India Urges Automakers to Cut Fuel Use Amid Iran war Disruptions

By Uniquetimesorg March 26, 2026 0

India has asked automakers and auto component manufacturers to optimise production and reduce fuel consumption as concerns grow over energy supply disruptions linked to the ongoing Iran conflict. The government advisory urges companies to streamline operations and minimise idle fuel usage, reflecting rising pressure on oil and gas imports from the Gulf region. As one […]Continue Reading

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India Praised for Handling US Trade Talks

By Uniquetimesorg February 7, 2026 0

Former US Commerce official Raymond Vickery has lauded India for navigating the Trump-style trade negotiation approach better than most major economies. He highlighted that India maintained a structured, detail-oriented process, in contrast to the Trump administration’s tendency to announce frameworks before finalizing terms. This approach, Vickery said, positions India Continue Reading

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Trump Tariff Cut Boosts India Trade Outlook

By Uniquetimesorg February 4, 2026 0

U.S. President Donald Trump’s decision to reduce tariffs on Indian imports from 50% to 18% has sparked optimism across India’s markets, lifting investor and exporter sentiment despite limited details of the agreement. The tariff cut is part of a broader trade understanding between the two nations, reportedly linked to India reducing Russian oil purchases and […]Continue Reading