C hennai Petroleum is in discussions with banks to secure a substantial loan of $3.3bn to support the construction of a major oil refinery in Tamil Nadu, India, Bloomberg has reported.

Kuwait Petroleum Corporation (KPC) has expressed interest in participating in the second phase of India's Strategic Petroleum Reserve (SPR) project, which aims to bolster the country's energy ...

India and the US have signed an MoU to develop a strategic petroleum reserve in America and the two countries are in advanced stage of discussion to store crude oil in America to increase India's ...

India News: Saudi Energy Minister Prince Abdulaziz bin Salman recently suggested India should release some of the crude it had bought cheaply last year and stored ...

India's petroleum products consumption grows 10% in FY23. Robust economic growth, increased industrialization, urbanization, and infrastructure development, along with rising vehicle sales, ...

India, the world’s third-largest oil importer, is inviting foreign energy companies to invest in its projects to expand its strategic petroleum reserve capabilities, Indian Oil Minister ...

"While India’s trade deficit in goods narrowed to a five-month low in September 2024, the trade deficit for April-September 2024-25 surged by over 24%, rising from $44.18 billion to $54.83 ...

India's Market Share At 3.31% Further, the country's position in the global market for rubber pneumatic tyres has also strengthened, with exports growing to USD 2.66 billion in 2023 from USD 1.82 ...