Oil & Gas articles

American oil to ease India’s oil dependency on Gulf countries? India-US oil supply contracts on cards but price a hurdle

In order to ensure a steady inflow of crude oil given that supply from Iran has been capped, the country’s oil marketing companies are looking at long-term contracts with US suppliers, but non-availability of official selling price (OSP) is proving to be a hurdle. Till now Indian refiners have been buying US crude oil in

Mangalore Refinery and Petrochemicals rating ‘Buy’: Weak GRM and inventory losses likely to dent earnings

We expect weak GRMs to be a common feature amongst all refiners in this quarter; this is partly due to volatile crude oil price, weak refining margins coupled with substitution of cheaper heavier Iranian crude with expensive crude from other sources. However, Indian state refiners have made nominations for Iranian oil for January loading, post