TOPIC

crude oil

LPG, LNG, and the host of other oil products that run the world: Read the differences and how India acquires them

Natural Gas is compressed by cooling it to 161°C, at which temperature it becomes liquid and called Liquefied Natural Gas. LPG or Liquefied Petroleum Gas is one of the products derived from both crude oil and natural gas.

Two oil tankers from Saudi Arabia and Iraq cross the perilous waters of the Strait of Hormuz to reach India

A VLCC bearing the Indian flag is on its way to Paradip in Odisha, carrying almost two million barrels of Iraqi oil.

Union Minister Hardeep Puri assures that there is no fuel shortage in the country and that India’s crude oil supply position is secure

Speaking about the Liquefied Petroleum Gas (LPG) supply in the country, Puri said that the domestic LPG production has increased by 28% in the last five days.

First India-bound oil tanker crosses Strait of Hormuz and reaches Mumbai Port amid the ongoing tensions in West Asia; read why two vessels went...

On 1st March, the Suezmax tanker loaded up with crude oil at Ras Tanura, Saudi Arabia and started its travel after 2 days to India.

Strait of Hormuz crisis: How Saudi and UAE pipelines are keeping global oil supplies moving despite rising tensions

"What really worries me is that it’s not particularly difficult to target those pipelines," stated an expert.

Global oil crisis? India has seen it before, and has found ways to procure enough crude to deal with it, even in the 1970s

Moscow's shipments were halted by Western sanctions, but Indian giants such as Reliance's Jamnagar, the world's largest refinery, devoured Urals grade and turned it into aviation fuel that ironically powered Europe's fleets affected by the restrictions, bringing in $6 billion in refined reward.

Regardless of what the US claims, India has continued purchasing Russian oil: Read how ‘wherever we find it cheap’ has been India’s consistent policy

A sovereign nation’s policy works on sovereign interests. Sanctions or tariffs are just geopolitical hiccups that need occasional recalibration and working through. Be it crude oil, Liquefied Natural Gas (LNG), rare earths or any other commodity, the current global order is an intricate mesh of supply chains and logistical mechanics.

As the war in Middle East disrupts energy supply, focus shifts to Strategic Petroleum Reserves: Read what they are and how India prepares for...

An insider mentioned, "India has crude oil in reserve for 25 days, alongside petrol, diesel and LPG for 25 days as well."

Reliance gets US licence to import Venezuelan oil without violating sanctions: Reports

Reliance obtaining a general licence would mean accelerated Venezuelan oil exports and cut crude costs for the operator of the world's biggest refining complex, Reuters reported, adding that Reliance applied for the licence in January this year.

Venezuela is ‘uninvestable’ as of now: Trump meets top oil company CEOs over Venezuela, they refuse to buy his tall claims

Chevron, the only major US oil company still operating in Venezuela under a special US licence, also struck a careful tone.

Latest News

Recently Popular