October 14, 2026
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Russian sunflower oil shipments to India are facing cancellations and delays as the Russia-Ukraine war disrupts Black Sea port operations. A 20,000-tonne shipment was reportedly cancelled after damage to port infrastructure, while around 60,000 tonnes of additional cargoes have been delayed. Russian suppliers are now looking at Baltic Sea ports, including St Petersburg and 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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