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Escalation Can Push Prices To $120 -125 /Bbl: Continuing Tensions In Middle East Keep Crude Prices High
more...
Trump Chickens Out Again: India To Continue Importing Discounted Russian Crude Oil
more...
Trump, Rubio Seek Help From Russia, India To Augment Global Diesel Supplies
more...
India Aims To Be The Largest Producer Of Sustainable Aviation Fuel
more...
Strong Domestic Demand Pulls Down Petroleum Products’ Export
more...
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LNG Imports Being Pruned? Surging LNG Prices Prompts India To Reconsider Its Import Strategy
more...
BPCL Outsmarts Other Oil Marketing Companies In GRM
more...
HPCL Floats Tender To Acquire Six Reactors Indian Refineries Aggressively Opt For Advanced Reactors
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India’s New Obsession With Hydrogen Safety Standards
more...
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India Emerging As A Force In Alternate Energy
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BPCL Commissions Green Hydrogen Plant at Bina Refinery
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Topsoe Gets Technology Contract For BPCL’s SAF Project
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VZFOX Enters India To Support Domestic Energy Production
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OIL Signs CBM Exploration Contract For 272 Sq Km Block
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Adani Green Energy Posts Quarterly Profit Rise
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Essar Oil & Gas Bags Five CBM Blocks
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- Financial and Operational Performance of Reliance Industries Limited (RIL) for the Quarter and Half Year ended 30th September 2026
- Global gas demand will not peak before 2035, says GlobalData
- BPCL and IIT Kanpur Host MC²+ Ignite Outreach Event to Accelerate India’s Energy Innovation Ecosystem
- BPCL and Akasa Air Successfully Operate Commercial Flight Using Sustainable Aviation Fuel (SAF)
- Tata Power Solaroof Surpasses 5 Lakh Rooftop Solar Installations; Facilitates Over ₹85 Billion in Solar Financing
- ABB and Rolls-Royce SMR sign MoU on nuclear small modular reactor collaboration
- Blue Planet releases first Annual Sustainability Report 2026 reporting 8.92 Million tonnes of waste processed and 1.24 Million tCO₂e in Estimated avoided emission
- Bharatgas Lite ZIP Marks 100-City Milestone, Expanding BPCL’s LPG Reach
- BPCL Flags Off First Extreme Weather Grade (XWG) Diesel Rake from Bina Refinery to Power Indian Army’s High-Altitude Operations
- Oil Marketing Companies (OMCs) test for Moisture & Chloride presence in E20 Petrol: Claims of 500 ppm Chloride and presence of moisture not validated
- GAIL Inks Pact with KABIL to Strengthen Collaboration in Critical Minerals
- AkzoNobel CEO Greg Poux-Guillaume is the 2026 ICIS CEO of the Year
- BPCL Reinforces Fuel Quality Assurance Across Its Retail Outlet Network
- Siemens Energy begins preparations for the launch of an independent brand
- Belding India Unveils Hybrid BESS to Accelerate India's Transition Towards Smarter, Cleaner and Reliable Power Solutions
- AmpereHour Energy Launches Intelligent Energy Storage Manufacturing Platform, Bringing Digital-First BESS Integration to India
- Shri S.K. Sinha assumes charge as Director (Finance) of GAIL (India) Limited
- BPCL partners with Shell and Tiki Tar to expand value-added bitumen portfolio
- Juniper Green Energy deploys India’s Largest Wind Turbine with Envision Energy India
- ONGC and bp sign Technical Services Contract to enhance production from fields in the Western Offshore Basin
- Oil India and Kellton Advance Intelligent Oilfield Operations with the Successful Launch of Large-Scale Digital Wellhead Monitoring System
- GAIL reports PAT of ₹69.68 billion for FY 2025-26; profitability moderated amid global headwinds, operations remain resilient
- EemsGas project receives commitment for €150 million operating subsidy for green gas production
- Demand Surge, System Response”: How HPCL is Managing Unprecedented LPG Demand with Precision and Scale
- THINK Gas Launches GIS Platform for Instant PNG Availability Check, Faster Connections
- HPCL Ensures LPG Supply Continuity, Enforces Zero-Tolerance Discipline Across Network
- Mahanagar Gas Limited assures uninterrupted PNG and CNG supply; ntroduces customer focused PNG initiatives and benefits
- BPCL and Sembcorp JV (NeuEn Green Energy) secures 10KTPA Green Hydrogen Contract from Numaligarh Refinery
- ICIS introduces Iberian and Italian flake pricing to reflect regional divergence in rPET market
- Ground-breaking ceremony of GAIL’s upcoming R&D centre
- BPCL Accelerates Greenification of Natural Gas Ecosystem at GAIL Saksham Meet in Varanasi
- BPCL Launches ‘Bharatgas Lite’, Naye Bharat Ka Naya Cylinder for Goan households
- BPCL Strengthens Aviation Fuel Infrastructure with Dedicated ATF Pipeline for Hyderabad Airport
- BPCL Reports 62% Surge in Profit After Tax – Delivers Stellar All-Round Performance in Q3 FY26
- Oswal Energies Inks MoU with ATS, Abu Dhabi; Announces $1 Billion Expansion Plans in the Middle East
- ICIS and ICE Introduce Base Oils Futures
- Dangote appoints Engineers India Limited (EIL) as PMC and EPCM for expansion of the Fertilizer Complex in the Lekki Free Trade Zone
- Engineers India Limited (EIL) sings an MoU with Dangote Group for the Second Train of Africa’s Biggest Refinery
- Introducing Ida 2.0 – The World’s most capable AI Drilling Engineering Agent to date
- BPCL Reports 169% Surge in Profit After Tax – Delivers Stellar All-Round Performance in Q2 FY'26
- ICIS and Plan Grow Do announce exclusive training programme to drive sales evolution in a changing petrochemical landscape
- Global Energy & Geoscience Leaders to Converge in Jaipur for SPG 2025
- MRPL PRESS RELEASE :Q2 Financial Result
- Mahanagar Gas Limited signs MoU with Oil India Limited to collaborate across the LNG value chain
- Mahanagar Gas Limited Puts Customers First with Salesforce Adoption, a First in India’s CGD Sector
- Kazam and HPCL Partner to Expand EV Charging Access Across India
- Union Minister Hardeep Singh Puri Inaugurates IGL Genesis Technologies Ltd.’s World-Class Smart Gas Meter Manufacturing Facility
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November 3, 2026: India’s Growth In Imports, Exports Of Petroleum Products Decline In September, Click column Special Database for product-wise details.
November 2, 2026: Domestic Natural Gas Scene: Production, Import, Consumption Down In September, click column Gas Scene for details.
October 30, 2026: Though Impressive, Diesel Consumption Growth In September Is Not The Highest In 2026, click column Special Database for details.
October 26, 2026 | Energy crisis: Pause in Gulf war for polls. Will it hold? The global energy crisis has started to worsen and there does not seem to be any indication that it will ease anytime soon. On October 9, President Trump executed a neat about-turn by dramatically announcing the import of 300,000 tons of Russian diesel to reverse the surge in pump prices in America. The US and Israel could escalate hostilities in the Middle East. Trump has repeatedly hinted that his forces in the region would resume strikes on Iran after November 3. Iran isn’t backing down either. Recent reports quoting maritime security officials suggest that Tehran has stepped up attacks in and around the Strait of Hormuz by deploying guided missiles rather than attack drones. Israel has its own compulsions in trying to destroy Iran’s nuclear infrastructure which appears to have survived nine months of relentless attacks by the US-Israeli forces. Israelis will also vote next Tuesday in what is being billed as the most consequential elections in its 78-year history. Click free access column Petro Intelligence to read an insightful piece.
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Ukraine defies Trump, puts Russian oil refineries back in the firing line
November 3, 2026: Ukraine has resumed drone attacks on Russian oil refineries despite US President Donald Trump's efforts to persuade Kyiv to halt strikes on Moscow's energy infrastructure, signalling growing differences between Washington and Kyiv over the conduct of the Russia-Ukraine war.
According more..
World’s energy supply buffers have been eroded, ADNOC CEO says
November 3, 2026: The world has eroded its supply buffers by draining nearly 1 billion oil barrels from global inventories since the US-Israeli war on Iran disrupted shipping through the Strait of Hormuz, the CEO of Abu Dhabi's state-owned oil company ADNOC said.
Diesel stockpiles in some areas are at more..
Vedanta Oil And Gas Allowed By Supreme Court To Enforce $99M Arbitral Award
November 3, 2026: The Supreme Court has permitted Vedanta Oil and Gas to enforce foreign arbitral awards worth $99 million against the Union government. The order stems from a long-standing dispute regarding cost-recovery provisions under the production-sharing contract for the Ravva oilfield.
Data Snapshot more..
Hinduja’s Gulf Oil scouts acquisitions in Asia, South America ahead of global listing
November 3, 2026: Gulf Oil Lubricants plans to return to Mexico in 2027, the market where the Gulf brand's journey began, as the Hinduja Group-owned company accelerates its international expansion, scouts acquisitions in new markets and prepares for a possible global listing in the next three to five years.
The company also plans more..
Pune Gas opens 10th Experience Centre in Mangaluru
November 3, 2026: Pune Gas has opened its 10th Experience Centre in Mangaluru, Karnataka, to expand access to its commercial and industrial gas solutions across coastal Karnataka. The new facility marks the company’s second Experience Centre in Karnataka, following its Bengaluru location. It will serve businesses across more..
India Petronet in talks with Qatar for delivery of delayed LNG cargoes
November 3, 2026: India's top gas importer Petronet LNG (PLNG.NS), opens new tab is in talks with Qatar to secure delivery of some of the at least 90 liquefied natural gas cargoes delayed chiefly by the Middle East crisis, said the company's CEO A.K. Singh.
Qatar, India's largest LNG supplier, has a more..
Ajay Kumar Assumes Charge as Director (Operations & Business Development) at Bharat PetroResources.
November 3, 2026: Shri Ajay Kumar, a seasoned oil and gas professional with extensive experience in domestic and international energy operations, has assumed charge as Director (Operations & Business Development) at Bharat PetroResources Limited (BPRL), Mumbai, with effect from October 28, 2026.
Prior to more..
USISPF welcomes ST LNG approval as milestone for US-India energy cooperation
November 3, 2026: The US-India Strategic Partnership Forum (USISPF) has welcomed the US Department of Transportation's Maritime Administration (MARAD) approval of the deepwater port licence application for its member company ST LNG, led by Indian-American entrepreneur Sharad Tak, for its proposed USD 8.2 billion liquefied more..
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Lessons for Indian Oil Sector from Iran-US/Israel war
by Dr Bhamy Shenoy
 August 26, 2026: Soon after the West Asia war started, many
oil pandits (including me) forecasted oil prices jumping to $200 per barrel
from more...
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Time To Review Crude Sourcing Strategy
By R. Sasankan
The petroleum
industry is in a state of ferment. As the geopolitical crisis escalates and the
world economy starts to slow down, the demand-supply equation in crude oil has
been thrown out of kilter.
Crude oil prices have started to more...
India should establish an autonomous Energy Institute
by
Bhamy V. Shenoy*
Soon after the start of Israel-US
versus Iran war on February 28 and the blocking of strait of Hormuz, global oil
supply was reduced at least by over ten million barrels per day based on IEA
report. Magnitude of the supply loss was far worse than during the more...
Time To Rework Crude Import Strategy
By R. Sasankan
The war in Iran has dragged on for more than
six weeks - longer than President Donald Trump had anticipated. A brittle
two-week ceasefire has settled over the conflict zone as negotiators from both
sides prepare to resume peace talks with the outcome uncertain more...
India Should Prepare For $200/Barrel Oil Crisis On War Footing
By Bhamy V.
Shenoy
The oil shock
from the US-Israel war against Iran affecting every country excepting Russia is
the worst one by any standard. Still, international oil market has managed
reasonably well so far in terms of oil prices. After a month, oil prices have
gone up only more...
No Need To Expand Oil Caverns
By R. Sasankan
The war in Iran has entered the third week,
triggering a massive disruption in oil and gas supplies through the Strait of
Hormuz. Over a quarter of the world's oil supplies flow through the critical
chokepoint in the Persian Gulf. There is no indication when the more...
The Bells Toll For India’s Downstream Sector. Is Anyone Listening?
By R. Sasankan
The alarm bells have gone off in India's petroleum industry after a
recent report prepared by Integrated Global Services (IGS) claimed that
the country's downstream oil and gas industry is close to breaking point
because of its ageing energy infrastructure more...
Trump’s War Against Climate Change: Is It Worse Than Attack On Ukraine And Gaza?
by Bhamy V Shenoy
In what way the above title has
any relevance to readers who are interested in oil and gas sector or energy
sector in general? This is an obvious question. I should be able to convince
the doubters easily.
I asked AI a question: What more...
Andaman Basin: Time to Dial the Russians
By R. Sasankan
India's upstream
companies are swarming all over the Andaman Basinto find oil and natural gas
reserves in what promises to become the country's new energy frontier. The buzz
around the Andamans basin - which lies in the junction between the Indian more...
Why Fuel Prices Won’t Fall When Crude Rates Sink
by R. Sasankan
There
is an unexplained Paradox in India's petroleum sector: when global crude oil
prices tumble, consumers are robbed of their legitimate benefits at the pump.
Oil refiners coolly pocket the resulting profits, and the government actively
supports that more...
Natural Gas: Little Glimpse Of The Dream
By R. Sasankan
Greek mythological figure Sisyphus was condemned by the gods to
an eternal punishment where he must push a large boulder up a mountain,
only for it to roll back down to the bottom just as it nears the top.
The plight of India's energy planners more...
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ICIS Highlights US LNG Dominance and Shifting Power Price Dynamics
18th February, 2026: ICIS analysis presented last week at E-World (10-12 February, 2026) shows that Europe’s energy transition is entering a more volatile and politically sensitive phase, spanning LNG and gas supply, power market dynamics and short-term trading behaviour. Click more...
Third Lovraj Kumar Memorial Lecture by Dr Vijay Kelkar
September 19, 2024: Dr Vijay Kelkar’s single biggest contribution is acknowledged to be India’s Goods and Services Tax (GST). He has also made significant contribution to the oil and gas sector. He served as secretary in the Ministry of Petroleum and Natural Gas. The Third Lovraj Kumar Memorial Lecture delivered more...
The Failing Climate Negotiations – And the Need for India’s Leadership in Representing the Global South
 May 16, 2024: Dr Surya P.Sethi, eminent energy expert, wirtes on the Failing Climate Negotiations – And the Need for India’s Leadership in Representing the Global South.
Click more...
Qatar pauses Red Sea LNG traffic: ICIS analyst view
January 18, 2024: Click HERE to read article by Alex Froley, LNG Market Analyst at ICIS, examines the possible effects of ongoing disruptions in the Red Sea on global LNG trade.
more...
Can LNG replace Russian gas in Europe?
European LNG imports reached a record high in January 2022 and could go a little higher if Russian pipeline gas supply falls, or even stops completely. But the best-connected European LNG terminals are already running at high rates, and limits to cross-border pipeline gas capacity would restrict the wider benefit of higher imports into some... more...
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Speech of Former Petroleum Secretary, T.S. Vijayaraghavan, on Indias Petroleum Sector
Demand & Growth:
India's Crude
Oil demand has risen from 0.65 Million Barrels a day in 1980 to 3.7 Million
barrels and will reach 4 Million by 2016. Internal production is now less than 0.8
Million Barrels a day. It more...
The KG basin price hike socialises costs and privatises profits
Why the Rangarajan Committee's complex pricing formula will inflict heavy burdens on the power and fertiliser sectors and give a private gas producer windfall profits?
The ministry of petroleum and natural gas has proposed to increase the price of natural gas from the Krishna Godavari (KG) more...
Fire From Ice: A Promising New Energy Source
Massive imports of oil and natural gas have exacerbated India’s big trade deficit, which is a hurdle to the acceleration of economic growth. Light at the end of the tunnel comes from a technological breakthrough last week by JOGMEC (Japan Oil Gas and Metals National Corporation). It succeeded in extracting natural gas more...
The Diesel Subsidy Hole
Under-recovery on diesel as per the Indian petroleum ministry website was . 10.94 a litre in February 2012 when the procurement price was . 37.80 per litre ($122.06 a barrel). The diesel under-recoveries are expected to exceed . 750 billion at average price of $95.66 a barrel while total annual shortfall due to fuel subsidies more...
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Vinod Seshan (IAS) Gets Two-Year Extension As JS Of Petroleum Ministry
 Vinod SeshanThe Appointments Committee of the Cabinet (ACC) has approved a two-year extension in the central deputation tenure of Vinod Seshan (IAS) as Joint Secretary in the Ministry of Petroleum and Natural Gas (MoPNG). more...
Sunil Kumar appointed ONGC Chairman
 The Appointments Committee of the Cabinet (ACC) has approved the appointment of Sunil Kumar as Oil and Natural Gas Corporation’s (ONGC) next Chairman. Kumar’s appointment will take effect from more...
Shankar Sharan Appointed Managing Director Of ONGC Petrochemicals Marketing
 Shankar Sharan has taken on the role of Managing Director at ONGC Petrochemicals Marketing Limited (OPML). Before taking on the role, Sharan served as Group General Manager at Oil and Natural Gas more...
Akshay Gopal Appointed Deputy Secretary, Petroleum & Natural Gas
 Akshay Gopal, 2016 batch officer of Indian Audit & Account Service (IA&AS), has been appointed as Deputy Secretary, Ministry of Petroleum & Natural Gas, Delhi, on deputation for a period of more...
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On April 10, 2021 www.indianoilandgas.com entered the 28th year of service to the Indian and international oil and gas industry. When the hardcopy version with its masthead, Indian Oil & Gas, came out 28 years ago, India’s petroleum industry was almost totally controlled by the government. India was not rated high either as a producer or consumer of crude and petroleum products. Today, India is the world’s third largest importer of crude and second largest importer of LPG and Asia’s largest exporter of petroleum products. Without violating the government norms regarding dissemination of information, www.indianoilandgas.com has been consistently helping the industry with authentic articles and data on all areas of oil and gas industry.
To download this full article in PDF, click here |
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Energy Crisis: Pause In Gulf War For Polls. Will It Hold?
more...
Is India Bartering Away Its Heft?
more...
Concerns Over Rising LNG Prices Deepen
more...
LPG: Need To Find Ways To Avoid Future Shocks
more...
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GP Petroleum’s Minority Stake In Incubit Pipavav Terminal
more...
Swedfund Commits $35 Million To SAGF IV
more...
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Welspun Corp US Facility Set To Execute Big Orders
more...
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Domestic Natural Gas Scene: Production, Import, Consumption Down In September
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Domestic Natural Gas Scene In August 2026
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Domestic Natural Gas Scene In July 2026
more...
Who Owns How Much Share In India’s Natural Gas Pipelines
more...
India Diversifying LNG Import Sources
more...
Indian Natural Gas Spot Price for Physical Delivery
more...
Domestic Natural Gas Production Exceeding Targets?
more...
Where Does India Figure Globally In LNG Imports?
more...
A Graphic Presentation Of Domestic Natural Gas Scene in June ’26
more...
Global Natural Gas Price Trends
more...
India’s City Gas Distribution (CGD) sector is expanding rapidly
more...
Updated Graphic Presentation of India’s Natural Gas Consumption and Import Dependency
more...
Dismal Domestic Natural Gas Scene In June 2026
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India’s Rising LNG import, Rusting Capacity Of Many LNG terminals
more...
Domestic Natural Gas Scene In May 2026
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Sector-Wise Consumption Of Natural Gas In India
more...
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India’s Growth In Imports, Exports Of Petroleum Products Decline In September
more...
India’s Crude Oil Import Goes up Significantly In September, 2026
more...
Though Impressive, Diesel Consumption Growth In September Is Not The Highest In 2026
more...
Profit After Tax Of India’s Oil Companies
more...
Impressive Growth the Petroleum Products Consumption In September
more...
Bharat Petroleum Corporation Ltd To Expand Capacity Of Its Refineries
more...
The exact weightage of crude petroleum, natural gas, and mineral oils (petroleum products) in India’s Wholesale Price Index (WPI)
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HPCL’s Portfolio expansion in Petrochemicals & Natural Gas
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Petroleum Sector’s Contribution To National Exchequer
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IOC’s Major Projects In Advanced Stage Of Execution
more...
High Sulphur Crude Processed By Indian Refineries During April-August FY 27
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HPCL’s Refining Capacity To Reach 45.3 Million Tons By 2027-28
more...
Analysis Of Crude Processed In Indian Refineries In August 2026
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BPCL’s Financial Performance Standalone, Consolidated During FY’23 To FY’26
more...
Consumption Growth Of Petroleum Products Drops In August 2026
more...
Fall In Import, Export Of Petroleum Products In August 2026
more...
Diverging Views On Global Oil Demand
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Indian Crude Basket Price In August 2026
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Oil India’s Healthy Reserve Base, Growth In Acreage, Exploratory Drilling
more...
Diesel’s Dominant Position In Petroleum Products Consumption In India
more...
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