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Falling Crude Price, Oversupply, Rising Inventories
more...
India’s Procurement Of Crude From Russia: Challenges And Alternatives
more...
Will Aramco Take The Plunge And Finally Invest In India?
more...
India To Ramp Up Ethane Imports
more...
India Begins Another Experiment With Oil, Gas, CBM Exploration Acreage Blocks
more...
India’s Oil Explorers Tie Up Foreign Technical Assistance For Deep Sea Exploration
more...
Govt. Advised To Work on Expanding Crude Supplier Base
more...
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New Petroleum And Natural Gas Rules Notified
more...
India’s Strategic Oil Reserve Facilities Under -Utilized
more...
Why India Loves High Sulfur Crude For Its Refineries?
more...
EV Charging Stations In India Grow Rapidly
more...
India’s Expanding Petrol Pump Network At A New High
more...
India’s Biogas Production Target Looks Ambitious
more...
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India Aims To Achieve 500 GW Non-fossil Energy By 2030
more...
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Seamec Awards $3.25-Million Contract To Adsun Offshore
more...
NTPC Green Energy Commissions 243.66 MW Of Khavda-I Solar Project In Gujarat
more...
HPCL Residue Upgradation Facility At Visakh Refinery Commissioned
more...
Numaligarh Refinery Switches On COIF
more...
ONGC To Store CO2 In Depleted Wells At Gujarat’s Gandhar Field In First CCS Pilot
more...
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India Imported €144 Bn Worth Of Russian Oil Since Ukraine War
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Pulse Energy Partners With HPCL To Integrate 5,000 EV Chargers
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SEAMEC
more...
Desco Infratech Limited
more...
HPCL Plans RS 2.87-Billion Expansion Of Green R&D Centre
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IGL Forms Joint Venture With HWT To Develop Compressed Biogas And Biofuel Projects
more...
BPCL Forms JV With Coal India In 49:51 Partnership
more...
Aegis Vopak Terminals Completes Rs 10.30 Billion NCD Allotment With Regulatory Filing
more...
Supreme Industries Receives BPCL Order Worth Rs 540 million for Composite LPG Cylinders
more...
Desco Infratech Limited Secures Orders Worth Rs 53.7 Million From ATGL, BPCL And MNGL
more...
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January 12, 2026 | Time To Review Crude Sourcing Strategy: The petroleum industry is in a state of ferment. As the geopolitical crisis escalates and the world economy starts to slow down, the demand-supply equation in crude oil has been thrown out of kilter. Crude oil prices have started to tumble. In 2025, oil prices have fallen by 20% - and the grim forecast is that the slide will continue. In view of its rising import dependency, India needs to draw up an innovative strategy to minimise its foreign exchange outgo. The first priority should be to review the strategy of spreading out its crude supply sources. Diversification is a virtue when there are shortages in the crude oil market; not when the prospect of a glut looms large. We need to pare down the number of crude sources to possibly a dozen. The logic is simple: Bigger long-term contracts yield better prices. Click free access column Petro Intelligence to read an insightful piece.
In column Policy:
- Falling Crude Price, Oversupply, Rising Inventories
- India's Procurement Of Crude From Russia: Challenges And Alternatives
- Will Aramco Take The Plunge And Finally Invest In India?
- India To Ramp Up Ethane Imports
- India Begins Another Experiment With Oil, Gas, CBM Exploration Acreage Blocks
- India’s Oil Explorers Tie Up Foreign Technical Assistance For Deep Sea Exploration
- Govt. Advised To Work on Expanding Crude Supplier Base
In column Regulation:
- New Petroleum And Natural Gas Rules Notified
- India’s Strategic Oil Reserve Facilities Under-Utilized
- Why India Loves High Sulfur Crude For Its Refineries?
- EV Charging Stations In India Grow Rapidly
- India’s Expanding Petrol Pump Network At A New High
- India’s Biogas Production Target Looks Ambitious
There are exclusive reports in almost all columns.
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Indian oil refiners see opportunity in Donald Trump’s Venezuela action
January 12, 2026: Groups including Reliance stand to benefit as they seek low-cost alternative to sanctioned Russian supply.
At India's flagship energy conference last year, Venezuela’s sanctions-hit vice-president Delcy Rodríguez appealed to New Delhi to resume purchases of her country’s more..
ONGC oil well blaze in Konaseema dist doused after 5 days
January 12, 2026: After five days of fire-fighting, the blowout blaze at a crude oil well of the Oil and Natural Gas Corporation Limited (ONGC) has been successfully controlled. The blowout occurred on Jan 5 during maintenance operations at the well near Irusumanda and Mori villages in Konaseema district. ONGC immediately more..
Top global firms head to India for major energy meet
January 12, 2026: As the world navigates rising energy demand, geopolitical uncertainty and accelerating climate commitments, the critical choices shaping the future of global energy will be at the forefront of India Energy Week (IEW) 2026 being held in Goa from January 27 to 30.
The first major international more..
Chennai Petroleum Compliance Confirmation for Depository Regulations
January 12, 2026: Chennai Petroleum Corporation Limited (CPCL) has confirmed compliance with depository regulations for the quarter ended December 31, 2025. The confirmation was received from KFin Technologies Limited, the Registrar & Transfer Agents, ensuring adherence to regulatory requirements. This announcement more..
Indian Gas Exchange to launch Rs 6-7 billion IPO by December 2026
January 12, 2026: Indian Gas Exchange, the country's first online delivery-based trading platform for natural gas, is likely to launch an initial public offering (IPO) by December this year, its Managing Director and CEO Rajesh Kumar Mediratta said.
Indian Energy Exchange (IEX) holds a 47 per cent stake in more..
Indian Oil (IOCL) Promotes 19 Officials to Senior Management
January 12, 2026: Indian Oil Corporation Limited has carried out a major leadership restructuring by promoting 19 senior officials to the rank of Senior Management Personnel. The appointments were disclosed under SEBI Listing Obligations and Disclosure Requirements, reflecting the company’s effort to strengthen its more..
BPCL charts 10-year LPG infra expansion to match rising PMUY consumption
January 12, 2026: State-run Bharat Petroleum Corporation (BPCL) has chalked out a 10 year expansion plan with a capex of ₹46 billion as the oil marketing company (OMC) aims to meet the commodity’s growing usage, particularly among PM Ujjawala beneficiaries.
BPCL’s LPG import requirement has more..
India’s Oil Security at Risk Amid Global Supply Challenges
January 12, 2026: India's oil security is under scrutiny as global crude supply faces significant disruptions. The rising prices, driven by geopolitical tensions, particularly the conflict in Eastern Europe, have forced countries to rethink their energy strategies.
In recent months, nations reliant on oil more..
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Impact of Ukraine war on International LNG trade. Lessons for India
by Dr Bhamy Shenoy
 Russian-Ukraine war has brought about
dramatic changes in international gas and oil sector because of the oil embargo
by the west and gas more...
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Buy Assets In US And Swap Crude With Europe
By R. Sasankan
The
pecking order in the world of oil and gas has changed dramatically: the US has
grabbed the top spot on the totem pole. One recent report summed up the
development succinctly: "December 2023 witnessed an extraordinary surge in US
LNG exports with shipments more...
Cheap Crude Does Not Benefit PSU Refineries
By R. Sasankan
Parliamentarians in India have a heart-warming desire to
shape public policy; the trouble is that in their eagerness to do something -
anything - they can allow the nobility of their intention to smother the
practicality of their proposed interventions. In their zeal more...
Double Trouble
By R. Sasankan
If you ignore history, you are condemned to repeat it.
The stark truth of this aphorism came back to me the other day when I
read a Reuters report that said Indian Oil Corporation was aiming to
double the capacity of its liquefied natural gas more...
Single Agency Needed To Acquire Overseas Energy Assets
By R. Sasankan
India is a country of many paradoxes – and it is this quality that makes
it hard for policy makers to find the right palliative for its myriad
problems. The country is one of the fastest growing economies in the
world and hopes to become a $ 5 trillion more...
Tackling Blowback From Sanctions
By R. Sasankan
India and the US have developed close ties over the past few years as
they perceive China to be a common enemy whose reach and influence must
be circumscribed. On its own, India cannot counter China’s growing
ambitions in the Asia-Pacific region. Likewise, more...
Gas Ratio Target: Time For A Revision?
By R. Sasankan
When Prime Minister Narendra Modi announced his ambitious objective to
raise the contribution of natural gas in India’s energy mix to 15 per
cent by 2030, the experts in the petroleum industry were left astounded
by the boldness of the claim.
more...
Can The Downstream Man Bail Out ONGC?
By R. Sasankan
“New Delhi: Under-investment in the Oil & Gas sector could hamper
India's progress, Arun Kumar Singh, Chairman and CEO of state-owned Oil
and Natural Gas Corp (ONGC), has warned. National Oil Companies around
the world are facing increasing pressure more...
Oil PSUs In Trouble Again
By R. Sasankan
International price of crude oil has risen by 30% in the third quarter
of 2023. Global crude oil inventories are at seasonal lows and
production cuts, announced transparently by OPEC+ till the end of
December 2023 amount to about 3.3 million barrels a more...
Gas Ratio Target: Time For A Revision?
By R. Sasankan
When Prime Minister Narendra Modi announced his ambitious objective to
raise the contribution of natural gas in India’s energy mix to 15 per
cent by 2030, the experts in the petroleum industry were left astounded
by the boldness of the claim.
more...
Tackling Blowback From Sanctions
By R. Sasankan
India and the US have developed close ties over the past few years as
they perceive China to be a common enemy whose reach and influence must
be circumscribed. On its own, India cannot counter China’s growing
ambitions in the Asia-Pacific region. Likewise, more...
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Third Lovraj Kumar Memorial Lecture by Dr Vijay Kelkar
September 19, 2024: Dr Vijay Kelkar’s single biggest contribution is acknowledged to be India’s Goods and Services Tax (GST). He has also made significant contribution to the oil and gas sector. He served as secretary in the Ministry of Petroleum and Natural Gas. The Third Lovraj Kumar Memorial Lecture delivered more...
The Failing Climate Negotiations – And the Need for India’s Leadership in Representing the Global South
 May 16, 2024: Dr Surya P.Sethi, eminent energy expert, wirtes on the Failing Climate Negotiations – And the Need for India’s Leadership in Representing the Global South.
Click more...
Qatar pauses Red Sea LNG traffic: ICIS analyst view
January 18, 2024: Click HERE to read article by Alex Froley, LNG Market Analyst at ICIS, examines the possible effects of ongoing disruptions in the Red Sea on global LNG trade.
more...
Can LNG replace Russian gas in Europe?
European LNG imports reached a record high in January 2022 and could go a little higher if Russian pipeline gas supply falls, or even stops completely. But the best-connected European LNG terminals are already running at high rates, and limits to cross-border pipeline gas capacity would restrict the wider benefit of higher imports into some... more...
Importance Of Offshore Wind Power
Offshore wind power market plays an important role in achieving the renewable target in most countries, but not in India. India needs a clear, time-bound, quantitative target for offshore wind development, and a roadmap of how to achieve it, says the Baroda-based Centre for Fuel Studies and Research, Click more...
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Speech of Former Petroleum Secretary, T.S. Vijayaraghavan, on Indias Petroleum Sector
Demand & Growth:
India's Crude
Oil demand has risen from 0.65 Million Barrels a day in 1980 to 3.7 Million
barrels and will reach 4 Million by 2016. Internal production is now less than 0.8
Million Barrels a day. It more...
The KG basin price hike socialises costs and privatises profits
Why the Rangarajan Committee's complex pricing formula will inflict heavy burdens on the power and fertiliser sectors and give a private gas producer windfall profits?
The ministry of petroleum and natural gas has proposed to increase the price of natural gas from the Krishna Godavari (KG) more...
Fire From Ice: A Promising New Energy Source
Massive imports of oil and natural gas have exacerbated India’s big trade deficit, which is a hurdle to the acceleration of economic growth. Light at the end of the tunnel comes from a technological breakthrough last week by JOGMEC (Japan Oil Gas and Metals National Corporation). It succeeded in extracting natural gas more...
The Diesel Subsidy Hole
Under-recovery on diesel as per the Indian petroleum ministry website was . 10.94 a litre in February 2012 when the procurement price was . 37.80 per litre ($122.06 a barrel). The diesel under-recoveries are expected to exceed . 750 billion at average price of $95.66 a barrel while total annual shortfall due to fuel subsidies more...
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BP Appoints Meg O’Neill as Chief Executive Officer
more...
Jio-BP Appoints Sidheshwar Sharma As Chief Marketing Officer
Jio-BP, the
Reliance Industries-BP joint venture, has appointed Sidheshwar Sharma as its
chief marketing officer (CMO). In his new role, Sharma will lead the company's
marketing function, overseeing brand strategy, positioning and communication
across fuel retail and new-age energy offerings. He joins Jio-BP from more...
Chaphekar Upgraded At MNRE
Prasad Arvind
Chaphekar (IRS IT: 2012), Deputy Secretary, Ministry of New and Renewable
Energy, has been re-designated as Director in the same ministry for a period up
to 25th December, 2027.
more...
Shalabh Tyagi Given Additional Charge as CVO of ONGC
The Central
Government has approved the entrustment of additional charge of Chief Vigilance
Officer of Oil and Natural Gas Corporation Limited to Shalabh Tyagi. Tyagi, an
Indian Railway Service of Electrical Engineers officer of the 1997 batch. He is
currently serving as Chief Vigilance Officer of Oil India Limited. more...
S.G. Venkatesh Appointed To CPCL Board
Chennai
Petroleum Corporation Limited (CPCL) appointed S.G. Venkatesh as Director
(Technical) on its Board, with effect from January 5, 2026. The Ministry of
Petroleum and Natural Gas (MoPNG) has approved the appointment, reinforcing the
strategic importance of the role in CPCL's leadership structure. With more...
Gulf Oil Lubricants Appoints Manish Kumar Gangwal As Whole-Time Director
Gulf Oil
Lubricants India Limited (GOLIL), a prominent Hinduja Group company, has
announced the appointment of Mr. Manish Kumar Gangwal as a Whole-Time Director,
effective immediately. The decision has been approved by the Board of
Directors. Mr. Gangwal, who has served as the company's Chief Financial Officer
(CFO) more...
BPCL Appoints New Internal Audit Head
BPCL has
promoted Vivek V Maheshwari from his current role as Chief General Manager
Finance (Internal Audit) to Head - Internal Audit, effective January 1, 2026.
Maheshwari brings substantial expertise to his new role, with comprehensive
educational qualifications and diverse experience across multiple business
verticals: more...
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On April 10, 2021 www.indianoilandgas.com entered the 28th year of service to the Indian and international oil and gas industry. When the hardcopy version with its masthead, Indian Oil & Gas, came out 28 years ago, India’s petroleum industry was almost totally controlled by the government. India was not rated high either as a producer or consumer of crude and petroleum products. Today, India is the world’s third largest importer of crude and second largest importer of LPG and Asia’s largest exporter of petroleum products. Without violating the government norms regarding dissemination of information, www.indianoilandgas.com has been consistently helping the industry with authentic articles and data on all areas of oil and gas industry.
To download this full article in PDF, click here |
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Time To Review Crude Sourcing Strategy
more...
Natural Gas: Little Glimpse Of The Dream
more...
US Sanctions: Is The Russian Bear Still Dancing?
more...
Time To Strike Big Oil Deals With Middle East Majors
more...
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Sumitomo To Put $1.3 Billion Into India Renewable Power Projects
more...
ONGC Forms Joint Venture With Japan’s MOL To Enter Ethane Shipping Segment
more...
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KP Group, Botswana Govt. Ink MoU For 5 GW Renewable Energy, ₹360 Billion Investment Planned
more...
Guyana To Invite Indian Companies To Invest In Oil Exploration And Production
more...
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Domestic Natural Gas Scene In November 2025
more...
The Rise And Fall Of LNG Imports In Indian Market
more...
Capacity Utilisation Of India’s LNG Terminals
more...
Sectoral Consumption of Natural Gas In India
more...
Domestic Natural Gas Scene In October 2025
more...
Indian Natural Gas Spot Price for Physical Delivery
more...
India’s Reluctant Initiatives In Shale gas and oil exploration
more...
Restrained Increase In Domestic Natural Gas Price
more...
Domestic natural gas scene in September 2025 (MMSCM)
more...
Sector-Wise Consumption Of Natural Gas In India
more...
India Moves Towards A National Gas Grid
more...
Domestic Natural Gas Scene In August 2025
more...
Where Does India Figure Among Top 30 Natural Gas Reserves Countries?
more...
India’s Growing Compressed Biogas Sector
more...
Sectoral Consumption of Natural Gas (in %) April 2024- March 2025
more...
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Government Soft To LPG In Taxing It For Domestic Consumption
more...
Petroleum Products Consumption: Share Of State-Owned And Private Sector Companies
more...
Main Feedstocks For Ethanol Production In India
more...
Factors Behind Heavy Taxes On Petrol and Diesel In India
more...
Product-Wise Growth In Petroleum Products Consumption In India
more...
India’s Petroleum Products Output From All Sources
more...
Falling Specific Energy Consumption In Indian Refineries
more...
Analysis Of Crude Oil Processed By Indian Refineries In November 2025
more...
India’s Petroleum Products Import, Export Decline In November 2025
more...
Fuel & Loss In Indian Refineries
more...
India’s peak power demand Growth Drops
more...
India’s Crude Oil Imports Spurt In November, OPEC Share Down
more...
Petroleum Products Consumption Registers An Impressive Growth In November 2025
more...
High Distillate Yield In India’s PSU Refineries
more...
Indian Refineries GRMs Drop Drastically In FY’25
more...
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