* State refiners look to Middle East crude * Russian oil exports drop on domestic demand, OPEC * Three state refiners may tap stocks to cover processing in March By Nidhi Verma NEW DELHI, Dec 24 - Indian state refiners are considering tapping the Middle East crude market as spot supply from their top supplier Russia have fallen, three refining …
Indian private refiners like Reliance, Nayara have been among the biggest buyers this year of discounted Russian crude. A split is emerging in India’s refining sector as private refiners tap cheap Russian crude and boost profits from exports just as domestically focused state refiners get squeezed by high oil costs and government-capped domestic fuel prices. While many Western buyers are …
Indian Oil Corp, the country’s top refiner, has raised crude processing at its plants to 60 percent capacity and aims to reach 80 percent by the end of this month, it said in a statement on Monday New Delhi: Refiners are scaling up crude processing as local fuel demand begins to improve with a gradual easing of the lockdown aimed …
India, the world’s third-biggest oil consumer and importer, which ships in over 80 percent of its needs, usually relies on the Middle East for the majority of its supply New Delhi: State refiners are close to signing their first annual deals to buy Russian oil, three sources privy to the development said, as the nation moves to tap new sources …
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