HPCL to buy Iranian oil in Jan after six-month gap: sources

HPCL to buy Iranian oil in Jan after six-month gap: sources

State-run Indian oil refiner Hindustan Petroleum Corp (HPCL.NS) will buy Iranian crude in January after a gap of six months, with the nation’s overall purchases from Tehran at 9 million barrels in the month, four industry sources said.

Indian Oil Corp says to buy 180,000 bpd Iranian oil in 2018/19

Indian Oil Corp says to buy 180,000 bpd Iranian oil in 2018/19

India’s biggest state-owned crude oil refiner Indian Oil Corp Ltd aims to lift full volumes under its 2018/19 annual contract with Iran, a company official said on Thursday. The company has a deal to buy 180,000 barrels per day (bpd)Iranian oil this fiscal year.

Oil Prices Fall On Signs Of Rising Global Supply

Oil Prices Fall On Signs Of Rising Global Supply

Oil prices fell on Wednesday and posted the worst monthly performance since mid-2016 on evidence of rising global crude supply, but losses were limited by signs of strong U.S. demand for fuel.

ONGC seeks exemption from government’s share buyback request

ONGC seeks exemption from government’s share buyback request

India’s Oil and Natural Gas Corp Ltd (ONGC) has sought an exemption from a government request to buy back government-held shares in the company as ONGC needs the funds for its own capital expenditures, Chairman Shashi Shanker said on Wednesday.

Factbox: Risks to Middle East oil and gas shipping routes

Factbox: Risks to Middle East oil and gas shipping routes

Saudi Arabia said on Thursday it was suspending oil shipments through the Red Sea after Yemen’s Iran-aligned Houthis attacked two crude tankers, underscoring risks caused by the conflict in the world’s top oil exporting region.

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