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IOC, BPCL to buy 36% less oil from Saudi Arabia in May The refiners - Indian Oil Corp, Bharat Petroleum Corp, Hindustan Petroleum Corp and Mangalore Refinery and Petrochemicals Ltd - normally buy 14.8 million barrels of Saudi oil in a month Reuters | April 6, 2021 | Updated 08:50 IST Indian state refiners will buy 36% less oil from Saudi Arabia in May than normal, three sources said, in a sign of escalating tensions with Riyadh even after the Kingdom supported the idea of boosting output from OPEC and allied producers last week. Energy relations between India, the world s third biggest oil importer and consumer, and Saudi Arabia have soured as global oil prices spiked. ....
Indian refiners deepen cuts to Saudi oil purchases in May Indian refiners deepen cuts to Saudi oil purchases in May Energy relations between India, the world s third-biggest oil importer and consumer, and Saudi Arabia have soured as global oil prices spiked. advertisement Indian refiners normally buy 14.8 million barrels of Saudi oil in a month. (Photo: Reuters) Indian state refiners will buy 36% less oil from Saudi Arabia in May than normal, three sources said, in a sign of escalating tensions with Riyadh even after the Kingdom supported the idea of boosting output from OPEC and allied producers last week. Energy relations between India, the world s third-biggest oil importer and consumer, and Saudi Arabia have soured as global oil prices spiked. ....
High prices, virus resurgence may cast dark clouds over India’s crude runs Indian refiners are starting to slow their crude runs, as high retail prices have dented domestic appetite for oil products a trend that could get prolonged if the resurgence of COVID-19 in some provinces leads to another round of lockdowns and movement restrictions, analysts told S&P Global Platts. As states such as Maharashtra and Karnataka witness a sharp surge in cases prompting authorities to implement restrictions, analysts said that demand for certain oil products like gasoil and gasoline could face another setback, resulting in refiners to adopt a cautious approach on throughput. ....
NEW DELHI/LONDON (April 6): Indian state refiners will buy 36% less oil from Saudi Arabia in May than normal, three sources said, in a sign of escalating tensions with Riyadh even after the Kingdom supported the idea of boosting output from OPEC and allied producers last week. Energy relations between India, the world s third-biggest oil importer and consumer, and Saudi Arabia have soured as global oil prices spiked. New Delhi blames cuts by the Saudis and other oil producers for driving up crude prices, as its economy tries to recover from the pandemic. State-run refiners have placed orders to buy 9.5 million barrels of Saudi oil in May, compared with the previously planned 10.8 million barrels, three sources said. ....
updated: Apr 06 2021, 14:10 ist Indian state refiners will buy 36% less oil from Saudi Arabia in May than normal, three sources said, in a sign of escalating tensions with Riyadh even after the Kingdom supported the idea of boosting output from OPEC and allied producers last week. Energy relations between India, the world s third-biggest oil importer and consumer, and Saudi Arabia have soured as global oil prices spiked. New Delhi blames cuts by the Saudis and other oil producers for driving up crude prices as its economy tries to recover from the pandemic. State-run refiners have placed orders to buy 9.5 million barrels of Saudi oil in May, compared with the previously planned 10.8 million barrels, three sources said. ....