Indian Oil Corp is seeking a liquefied natural gas (LNG) cargo for delivery in the second half of October, two industry sources said on Monday. The cargo is sought for delivery at the Ennore terminal on India’s east coast. The tender closes on Sept. 19, the sources said.
Iran signed a $440 million contract on Saturday with local company Petropars to develop the Belal gas field in the Gulf, Iranian state television reported, saying the country’s vital energy sector was active despite U.S. sanctions.
India’s car manufacturers are in deep strife with slumping sales amid a broader slowdown in economic growth, but one element missing in the bearish narrative is a matching drop in crude oil imports.
India’s Reliance Industries is seeking a liquefied natural gas (LNG) cargo for delivery in the second half of October, two industry sources said on Thursday.
Unipec is reselling some U.S. crude oil meant for China to buyers in India and South Korea after Beijing imposed a tariff on U.S. oil amid escalating trade tensions with Washington, three sources with knowledge of the matter said on Thursday.
Crude oil prices slipped on Tuesday, but losses were limited as equity markets rallied and as traders hoped Sino-U.S. trade tensions would ease.
Indian Oil Corp is seeking a liquefied natural gas (LNG) cargo for delivery over late August to early September, two industry sources said on Wednesday. The tender closes on Wednesday, one of the sources said.
Indian Oil Corp sold a naphtha cargo last Thursday, bringing its total August exports to 97,000 tonnes, the highest monthly volume from the port of Chennai since 2015, three industry sources said on Tuesday.
Oil prices fell on Monday amid worries about a global economic slowdown and the ongoing U.S.-China trade war, which has reduced demand for commodities such as oil. International benchmark Brent crude futures were at $58.00 a barrel by 1044 GMT, down 53 cents from their previous settlement.
Saudi Aramco reported a 12% fall in half-year net profit on Monday, yet remained the world’s most profitable company, while India’s Reliance Industries (RELI.NS) said Aramco is looking to buy into its refining and petrochemicals business.