In a significant strategic shift, Nayara Energy, part-owned by steel magnate Lakshmi Mittal, has stopped purchasing Russian crude oil. This move comes as Western sanctions tighten and payment complications escalate.
Oil India Limited and Bharat Petroleum Corporation Limited join forces to establish a groundbreaking greenfield refinery in Andhra Pradesh, marking a significant expansion in India's petroleum infrastructure.
Chennai Petroleum Corporation Limited adapts to sanctions by optimizing crude procurement and leveraging refinery flexibility to maintain operations and profitability.
Multiple Russian oil facilities erupt in flames amid suspected Ukrainian strikes. Putin rages as energy infrastructure burns while Zelensky faces internal criticism. Hungary and Romania also report explosions in developing international crisis.
India's eight core industries show robust 6.7% growth in December 2023, with steel production soaring 12.3% and electricity generation rising 8.4%. Discover how this momentum signals strong economic recovery.
Nigerian business magnate Aliko Dangote creates financial history by becoming the first African-born billionaire to reach a staggering $30.3 billion net worth, driven by Dangote Refinery success.
Exclusive analysis reveals how Reliance Industries is balancing Russian oil imports against US sanctions, impacting GRM margins and global energy strategy.
Reliance Industries responds to Western sanctions on Russian crude, pledging full compliance while strategically adjusting refinery operations to maintain global market position.
Exclusive analysis reveals how Ukraine's systematic drone attacks on Russian oil refineries are crippling Moscow's war economy, slashing fuel exports and creating domestic shortages.
India's crude oil imports are poised for significant growth as major refineries complete maintenance. Discover how GST cuts and global market dynamics are shaping the energy sector.