It is estimated that the Indian Oil Corporation, Bharat Petroleum Corporation, and Hindustan Petroleum Corporation incurred a ...

Indian govt likely to provide ₹30,000-35,000 crore subsidy to oil companies (IOC, BPCL, HPCL) to compensate for LPG losses incurred over 15 months. Finance ministry is finalizing the compensation ...

India’s crude oil imports from the United States and Brazil witnessed the sharpest year-on-year growth in the first half of ...

Sources said the proposal will soon be moved for Cabinet approval. The Ministry of Petroleum had sought ₹40,000 crore to help ...

Union Minister of Petroleum and Natural Gas, Hardeep Singh Puri, has emphasised India’s strong partnership with OPEC, ...

Backbone Infrastructure will build a $15 billion refinery in Nigeria's Ondo State, with a capacity of 500,000 barrels per day. This facility will be the country's second largest, trailing only the ...

Nigeria is poised to welcome a massive $15 billion investment in a 500,000 barrels per day (bpd) refinery project, marking a ...

Dangote refinery will use only Nigerian crude by end-2025 as export contracts expire • In June, 53% of crude was locally sourced; past reliance on imports was due to supply issues • Shift aims to cut ...

U.S. President Donald Trump's signature budget bill slashed funding for refilling U.S. emergency oil reserves, violating his ...

Nigeria’s Dangote petroleum refinery will construct storage tanks in Namibia to hold at least 1.6 million barrels of gasoline ...

The UAE’s Energy Minister Suhail Al Mazrouei has reiterated the country’s full support for OPEC+ decisions, according to ...

The U.S. exported more goods to Brazil than it imported, contradicting Trump's usual justification for tariffs. In his letter ...