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Indian Oil signs second long-term LNG deal with France's TotalEnergies

Under the contract, TotalEnergies would supply 1 million metric tonne LNG per annum (mmtpa) to Indian Oil for a period of around 10 years.

India's April fuel demand edges up 6.1% year-on-year | Hellenic Shipping News Worldwide

Despite wars in Europe and West Asia, oil shock fears yet to materialise

The oil industry experienced three upheavals between 1973 and 1991, which seem to be etched in the memory of the industry s decision makers. Naturally, at the sign of a new crisis, the decision makers like to dip into those tumultuous decades to find ways to deal with the new shock, in addition, of course, to expert reports and forecasts. So, the industry bigwigs turned the pages of history to get a peek into the future of oil price movements after Russia invaded Ukraine in 2022, Israel attacked Gaza in 2023, Iran-linked Houthi rebels pounded tankers crossing the Red Sea in support of Palestine the same year, and Iran rained missiles on Israel in 2024.

Fuel consumption increase by 6.1% YoY in April: Oil ministry

India Business News: NEW DELHI: Fuel consumption increased by 6.

Lower GRMs amid high crude price may drag down performance of state-run OMCs