Base Oil
Base oil is a refined form of crude oil, primarily used in the production of lubricants, greases, motor oil, and metalworking fluids. Different types of base oi...
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India’s Petrochemical Sector Maintains Growth Amid Global Headwinds
India’s petrochemical market remains resilient despite global oversupply and weak margins, driven by strong demand in EVs, solar, and infrastructure. Domestic refiners like BPCL and IOC benefit from integrated production, reducing cost pressures. While China’s slowdown impacts global trends, India’s $87 billion investment pipeline ensures long-term growth and market stability.
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India’s Rising Crude Oil Import Bill Amidst Supply Challenges
India’s crude oil import bill rose by 2.7% in FY25 due to higher demand and reduced Russian crude discounts. Refiners are diversifying sourcing, increasing US oil and LNG imports. Geopolitical tensions, OPEC+ cuts, and price volatility continue to impact costs. Market trends indicate a shift toward energy security and diversification.
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India’s Zero-Tax Policy on Foreign Crude Oil Suppliers: Boosting Trade, Securing Energy Needs
India's zero-tax policy for foreign crude oil suppliers is set to enhance competition and supply security. BPCL secures a major deal with Petrobras, expanding India's crude sourcing. Meanwhile, Russian oil flows to Asia are shifting, and India's trade deficit narrowed in January. Experts see these changes reshaping India's energy landscape.
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