Oil & Gas
Find the latest oil & gas news, government tender updates, and real-time prices from top sources for the Indian energy industry. The next-gen platform also help...
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Daily Report on Oil & Gas Industry
View MoreDaily Report on Oil & Gas Industry
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Fuel Oil Market Stable Amid Bearish Sentiment & Holiday Slowdown
Fuel oil prices in India remain stable, with slight regional variations. The Chinese market saw a minor decline due to weak demand and falling crude prices. Global fuel oil inventories rose, influencing bearish sentiment. Major contracts and MoUs were signed for crude, LNG, and renewable energy initiatives, ensuring future supply security.
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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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Geopolitical Tensions, Oil Market Shifts, and Bitumen Price Trends: Key Global Developments
Roadgrip Bitumen (VG40) in Mangalore is priced at ₹38,559.32/MT, while Roadgrip Bitumen (VG30) in Mundra is available at ₹38,300/MT. In Chennai, Refinery Bitumen (VG30) is priced at ₹45,352/MT, and Refinery Bitumen (VG40) is listed at ₹48,152/MT.
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