HINDPETRO
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Asia Fuel Oil Tenders Summary-India's HPCL offers fuel oil for early April
SINGAPORE, March 17 (Reuters) - For tenders of crude and other oil products, please click:
Crude CRU/TENDA Naphtha NAP/TENDA Gasoline MOG/TENDA Jet/Diesel MDIS/TENDA Fuel Oil FUEL/TENDA
OUTSTANDING SPOT TENDERS |
|
|
|
|
|
ISSUER | GRADE | PORT | VOLUME | LAYCAN | REMARKS |
India/HPCL * | S: HSFO | Mumbai | 33KT | Apr 1-3 | Closing Mar 17 |
Sri Lanka/Ceypetco | B: Fuel Oil | Colombo | 30KT | Apr 12-13 | Closing Mar 17 |
(further updates on recent tenders closed)
RECENT TENDERS CLOSED (SORTED BY LAYCAN) |
|
|
|
| |
ISSUER | GRADE | PORT | VOLUME | LAYCAN | REMARKS |
Jordan/JoPetrol | B: Fuel Oil | Aqaba | 35KT | Before Apr 7 | - |
Taiwan/CPC | B: LSFO | Keelung | 36KT | Apr 1-30 | - |
India/HPCL | S: HSFO | Vizag | 33KT | Mar 31-Apr 2 | E3 |
Indonesia/Pertamina | S: Marine Fuel Oil | Sungai Pakning | 200KB | Mar 30-31 | - |
Thailand/PTT | S: LSFO | Map Ta Phut | 35KT | Mar 25-28 | Chevron |
Thailand/PTT | S: HSFO | Sriracha | 18KT | Mar 24-28 | Trafigura |
India/HSFO | S: HSFO | Vizag | 33KTx2 | Mar 17-19; Mar 24-26 | - |
Taiwan/CPC | S: Catalyst Fractionator Bottom | Keelung | 40KT | Mar 17-21 | - |
Nigeria/Dangote | S: Fuel Oil (LSSR) | Lekki | 130KT | Mar 16-18 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Sungai Pakning | 200KB | Mar 16-17 | - |
India/MRPL | S: VLSFO | New Mangalore | 35KT | Mar 11-12 | - |
India/HPCL | S: HSFO | Mumbai | 33KT | Mar 8-10 | - |
Indonesia/Pertamina | S: Decant Oil | Balongan | 200KB | Mar 4-5 | - |
India/HPCL | S: HSFO | Vizag | 33KTx2 | Mar 3-5; Mar 10-12 | - |
Taiwan/Formosa | S: Main Column Bottoms | Mailiao | 40KT | Mar 2-4 | - |
Taiwan/Formosa | S: Pyrolysis Fuel Oil | Mailiao | 10KT | Mar 1-5 | - |
Taiwan/CPC | B: LSFO | Keelung | 36KT | Mar 1-31 | - |
Nigeria/Dangote | S: Fuel Oil (LSSR) | Lekki | 85KT | Feb 27-29 | ATC |
South Korea/S-Oil | S: Slurry | Onsan | 22KT | Feb 20-24 | - |
Pakistan/PARCO | S: HSFO (180cst; 3.5% S Max) | Karachi | 50KT | Feb 20-22 | - |
Thailand/PTT | S: LSFO | Map Ta Phut | 50KT | Feb 19-21 | Chimbusco |
India/HPCL | S: HSFO | Vizag | 33KTx2 | Feb 17-19; Feb 24-26 | - |
Thailand/PTT | S: HSFO | Sriracha | 27KT | Feb 15-19 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Sungai Pakning | 100KB | Feb 15-16 | - |
Taiwan/CPC | S: Catalyst Fractionator Bottom | Keelung | 26KT | Feb 13-17 | - |
India/HPCL | S: HSFO | Vizag | 33KT | Feb 10-12 | - |
India/HPCL | S: HSFO | Mumbai | 33KT | Feb 9-12 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Cilacap | 200KB | Feb 3-4 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Balikpapan | 200KBx6 | Feb 7-8; Feb 10-11; Feb 14-15; Feb 18-19; Feb 26-27 | Shell (Feb 10-11); Chevron (Feb 14-15) |
India/HPCL | S: HSFO | Mumbai | 33KT | Feb 1-3 | E3 |
(Reporting by Jeslyn Lerh; Editing by Rashmi Aich)
SINGAPORE, March 17 (Reuters) - For tenders of crude and other oil products, please click:
Crude CRU/TENDA Naphtha NAP/TENDA Gasoline MOG/TENDA Jet/Diesel MDIS/TENDA Fuel Oil FUEL/TENDA
OUTSTANDING SPOT TENDERS |
|
|
|
|
|
ISSUER | GRADE | PORT | VOLUME | LAYCAN | REMARKS |
India/HPCL * | S: HSFO | Mumbai | 33KT | Apr 1-3 | Closing Mar 17 |
Sri Lanka/Ceypetco | B: Fuel Oil | Colombo | 30KT | Apr 12-13 | Closing Mar 17 |
(further updates on recent tenders closed)
RECENT TENDERS CLOSED (SORTED BY LAYCAN) |
|
|
|
| |
ISSUER | GRADE | PORT | VOLUME | LAYCAN | REMARKS |
Jordan/JoPetrol | B: Fuel Oil | Aqaba | 35KT | Before Apr 7 | - |
Taiwan/CPC | B: LSFO | Keelung | 36KT | Apr 1-30 | - |
India/HPCL | S: HSFO | Vizag | 33KT | Mar 31-Apr 2 | E3 |
Indonesia/Pertamina | S: Marine Fuel Oil | Sungai Pakning | 200KB | Mar 30-31 | - |
Thailand/PTT | S: LSFO | Map Ta Phut | 35KT | Mar 25-28 | Chevron |
Thailand/PTT | S: HSFO | Sriracha | 18KT | Mar 24-28 | Trafigura |
India/HSFO | S: HSFO | Vizag | 33KTx2 | Mar 17-19; Mar 24-26 | - |
Taiwan/CPC | S: Catalyst Fractionator Bottom | Keelung | 40KT | Mar 17-21 | - |
Nigeria/Dangote | S: Fuel Oil (LSSR) | Lekki | 130KT | Mar 16-18 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Sungai Pakning | 200KB | Mar 16-17 | - |
India/MRPL | S: VLSFO | New Mangalore | 35KT | Mar 11-12 | - |
India/HPCL | S: HSFO | Mumbai | 33KT | Mar 8-10 | - |
Indonesia/Pertamina | S: Decant Oil | Balongan | 200KB | Mar 4-5 | - |
India/HPCL | S: HSFO | Vizag | 33KTx2 | Mar 3-5; Mar 10-12 | - |
Taiwan/Formosa | S: Main Column Bottoms | Mailiao | 40KT | Mar 2-4 | - |
Taiwan/Formosa | S: Pyrolysis Fuel Oil | Mailiao | 10KT | Mar 1-5 | - |
Taiwan/CPC | B: LSFO | Keelung | 36KT | Mar 1-31 | - |
Nigeria/Dangote | S: Fuel Oil (LSSR) | Lekki | 85KT | Feb 27-29 | ATC |
South Korea/S-Oil | S: Slurry | Onsan | 22KT | Feb 20-24 | - |
Pakistan/PARCO | S: HSFO (180cst; 3.5% S Max) | Karachi | 50KT | Feb 20-22 | - |
Thailand/PTT | S: LSFO | Map Ta Phut | 50KT | Feb 19-21 | Chimbusco |
India/HPCL | S: HSFO | Vizag | 33KTx2 | Feb 17-19; Feb 24-26 | - |
Thailand/PTT | S: HSFO | Sriracha | 27KT | Feb 15-19 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Sungai Pakning | 100KB | Feb 15-16 | - |
Taiwan/CPC | S: Catalyst Fractionator Bottom | Keelung | 26KT | Feb 13-17 | - |
India/HPCL | S: HSFO | Vizag | 33KT | Feb 10-12 | - |
India/HPCL | S: HSFO | Mumbai | 33KT | Feb 9-12 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Cilacap | 200KB | Feb 3-4 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Balikpapan | 200KBx6 | Feb 7-8; Feb 10-11; Feb 14-15; Feb 18-19; Feb 26-27 | Shell (Feb 10-11); Chevron (Feb 14-15) |
India/HPCL | S: HSFO | Mumbai | 33KT | Feb 1-3 | E3 |
(Reporting by Jeslyn Lerh; Editing by Rashmi Aich)
India's March 1-15 LPG sales decline, preliminary data shows
NEW DELHI, March 16 (Reuters) - Indian state fuel retailers sold about 1.15 million metric ton of liquefied petroleum gas (LPG) in the first half of March, a decline of 17.3% from a year earlier and 26.3% from the same period in the previous month, preliminary sales data show.
India, which relies heavily on the Middle East for meeting its LPG consumption, is reeling under its worst LPG crisis in decades, with the government cutting supplies for industries to shield households from any shortage of cooking gas.
(Reporting by Nidhi Verma
Editing by Bernadette Baum)
(([email protected]; X: @nidhi712;))
NEW DELHI, March 16 (Reuters) - Indian state fuel retailers sold about 1.15 million metric ton of liquefied petroleum gas (LPG) in the first half of March, a decline of 17.3% from a year earlier and 26.3% from the same period in the previous month, preliminary sales data show.
India, which relies heavily on the Middle East for meeting its LPG consumption, is reeling under its worst LPG crisis in decades, with the government cutting supplies for industries to shield households from any shortage of cooking gas.
(Reporting by Nidhi Verma
Editing by Bernadette Baum)
(([email protected]; X: @nidhi712;))
EXCLUSIVE-Iran lets two gas tankers sail to India through Hormuz, sources say
Updates with further details from paragraph 3
By Nidhi Verma and Jonathan Saul
NEW DELHI, March 13 (Reuters) - Iran has allowed two Indian-flagged liquefied petroleum gas carriers to sail through the Strait of Hormuz, four sources with direct knowledge of the matter said, a rare exception to the Iranian blockade that has disrupted global energy supplies.
The Indian-flagged LPG tanker Shivalik crossed the Strait under escort from the Indian Navy, said two of the sources, and the second vessel, Nanda Devi, was expected to clear in the next few hours.
Since the United States and Israel launched a bombing campaign on Iran, Tehran has largely halted traffic through the strait, which runs past its coast and normally supplies around 20% of global oil and seaborne liquefied natural gas.
Iran has said it will not permit any supplies for the United States or its allies to leave the strait, but India has sought exemptions. Prime Minister Narendra Modi said on Thursday he had spoken to Iran's President Masoud Pezeshkian and discussed the transit of goods and energy from the Gulf.
India has also given safe harbour to 183 Iranian sailors from a vessel that docked after the war broke out. The vessel was one of three that had participated in exercises in India; one of the others was sunk by a U.S. torpedo off Sri Lanka.
India is reeling under its worst gas crisis in decades with the government cutting supplies for industries to shield households from any shortage of cooking gas.
Shivalik and Nanda Devi are owned by state-run Shipping Corp of India.SCI.NS
Shivalik, which had arrived in Qatari waters on February 25, last reported its position on March 12 as within the exclusive economic zone waters up to 24 miles off the United Arab Emirates, according to tracking data on MarineTraffic.
Nanda Devi was last seen on Friday in Iranian waters close to the entrance of the Strait of Hormuz, according to MarineTraffic data. It had called at Qatar’s Ras Laffan anchorage on February 27 before sailing to UAE waters, the data showed.
Separately, a crude tanker is expected to arrive in India on Saturday carrying Saudi Arabian oil after sailing through the Strait around March 1, according to two of the sources and data from Lloyd's List Intelligence.
The Liberia flagged Smyrni crude oil suezmax tanker, which can carry a maximum capacity of 1 million barrels, is expected to arrive at an Indian port for state refiner Hindustan Petroleum Corp HPCL.NS.
India's foreign ministry, navy, Shipping Corp and HPCL did not respond to Reuters emails sent out after business hours.
India consumed 33.15 million metric tons of cooking gas last year, with imports accounting for about 60% of demand. About 90% of those imports came from the Middle East.
On Thursday India said 24 Indian-flagged vessels were stuck in the Gulf area past the narrow strait.
(Reporting by Nidhi Verma and Jonathan Saul
Editing by Ros Russell)
(([email protected]; X: @nidhi712;))
Updates with further details from paragraph 3
By Nidhi Verma and Jonathan Saul
NEW DELHI, March 13 (Reuters) - Iran has allowed two Indian-flagged liquefied petroleum gas carriers to sail through the Strait of Hormuz, four sources with direct knowledge of the matter said, a rare exception to the Iranian blockade that has disrupted global energy supplies.
The Indian-flagged LPG tanker Shivalik crossed the Strait under escort from the Indian Navy, said two of the sources, and the second vessel, Nanda Devi, was expected to clear in the next few hours.
Since the United States and Israel launched a bombing campaign on Iran, Tehran has largely halted traffic through the strait, which runs past its coast and normally supplies around 20% of global oil and seaborne liquefied natural gas.
Iran has said it will not permit any supplies for the United States or its allies to leave the strait, but India has sought exemptions. Prime Minister Narendra Modi said on Thursday he had spoken to Iran's President Masoud Pezeshkian and discussed the transit of goods and energy from the Gulf.
India has also given safe harbour to 183 Iranian sailors from a vessel that docked after the war broke out. The vessel was one of three that had participated in exercises in India; one of the others was sunk by a U.S. torpedo off Sri Lanka.
India is reeling under its worst gas crisis in decades with the government cutting supplies for industries to shield households from any shortage of cooking gas.
Shivalik and Nanda Devi are owned by state-run Shipping Corp of India.SCI.NS
Shivalik, which had arrived in Qatari waters on February 25, last reported its position on March 12 as within the exclusive economic zone waters up to 24 miles off the United Arab Emirates, according to tracking data on MarineTraffic.
Nanda Devi was last seen on Friday in Iranian waters close to the entrance of the Strait of Hormuz, according to MarineTraffic data. It had called at Qatar’s Ras Laffan anchorage on February 27 before sailing to UAE waters, the data showed.
Separately, a crude tanker is expected to arrive in India on Saturday carrying Saudi Arabian oil after sailing through the Strait around March 1, according to two of the sources and data from Lloyd's List Intelligence.
The Liberia flagged Smyrni crude oil suezmax tanker, which can carry a maximum capacity of 1 million barrels, is expected to arrive at an Indian port for state refiner Hindustan Petroleum Corp HPCL.NS.
India's foreign ministry, navy, Shipping Corp and HPCL did not respond to Reuters emails sent out after business hours.
India consumed 33.15 million metric tons of cooking gas last year, with imports accounting for about 60% of demand. About 90% of those imports came from the Middle East.
On Thursday India said 24 Indian-flagged vessels were stuck in the Gulf area past the narrow strait.
(Reporting by Nidhi Verma and Jonathan Saul
Editing by Ros Russell)
(([email protected]; X: @nidhi712;))
Indian refiners slump as crude rockets to 2022 highs on Iran conflict
March 9 (Reuters) - Indian refiners slumped on Monday, as the widening U.S.-Israeli war with Iran propelled crude prices to their highest in almost four years.
Indian Oil IOC.NS lost 6.6%, HPCL HPCL.NS dropped 7.5%, while BPCL BPCL.NS slid 7.1%. Reliance Industries RELI.NS shed 2%.
Brent crude LCOc1 jumped as much as 26.4% to $117.16 a barrel and was last up 23% at $114.08 by 9:15 a.m. IST. O/R
(Reporting by Yagnoseni Das in Bengaluru; Editing by Sumana Nandy)
(([email protected];))
March 9 (Reuters) - Indian refiners slumped on Monday, as the widening U.S.-Israeli war with Iran propelled crude prices to their highest in almost four years.
Indian Oil IOC.NS lost 6.6%, HPCL HPCL.NS dropped 7.5%, while BPCL BPCL.NS slid 7.1%. Reliance Industries RELI.NS shed 2%.
Brent crude LCOc1 jumped as much as 26.4% to $117.16 a barrel and was last up 23% at $114.08 by 9:15 a.m. IST. O/R
(Reporting by Yagnoseni Das in Bengaluru; Editing by Sumana Nandy)
(([email protected];))
India invokes emergency powers, orders refiners to boost LPG output
Recasts, adds details
By Nidhi Verma
NEW DELHI, March 6 (Reuters) - India has invoked emergency powers and directed refiners to maximise production of liquefied petroleum gas (LPG) to prevent a shortage of the cooking fuel after supply disruptions caused by the Middle East crisis, a government order showed.
The world's second-biggest importer of LPG last year consumed 33.15 million metric tons of cooking gas, which is a mixture of propane and butane.
Imports account for about two-thirds of LPG consumption, with the Middle East making up about 85–90% of that supply.
All oil refiners are asked to "maximise and ensure that propane and butane available with them are utilized for production of LPG", the order issued late on Thursday showed.
The government has asked producers to make LPG, propane and butane available to state refiners - Indian Oil Corp IOC.NS, Hindustan Petroleum Corp HPCL.NS and Bharat Petroleum Corp BPCL.NS for distribution to households.
The country has about 332 million active LPG consumers, government data showed.
A mandatory diversion of propane and butane for LPG production would curtail the output of alkylates, a gasoline blending component, by Reliance Industries Ltd RELI.NS.
Reliance exported about four cargoes per month of alkylates last year, according to LSEG data.
The government also ordered refiners not to divert propane and butane for petrochemical production.
Diverting propane and butane for LPG production will hurt margins for petrochemical companies that make products such as polpropyline and alkylates, as they fetch better prices than LPG, a trade source said.
(Reporting by Nidhi Verma; Additional reporting by Mohi Narayan; Editing by Sonali Paul)
Recasts, adds details
By Nidhi Verma
NEW DELHI, March 6 (Reuters) - India has invoked emergency powers and directed refiners to maximise production of liquefied petroleum gas (LPG) to prevent a shortage of the cooking fuel after supply disruptions caused by the Middle East crisis, a government order showed.
The world's second-biggest importer of LPG last year consumed 33.15 million metric tons of cooking gas, which is a mixture of propane and butane.
Imports account for about two-thirds of LPG consumption, with the Middle East making up about 85–90% of that supply.
All oil refiners are asked to "maximise and ensure that propane and butane available with them are utilized for production of LPG", the order issued late on Thursday showed.
The government has asked producers to make LPG, propane and butane available to state refiners - Indian Oil Corp IOC.NS, Hindustan Petroleum Corp HPCL.NS and Bharat Petroleum Corp BPCL.NS for distribution to households.
The country has about 332 million active LPG consumers, government data showed.
A mandatory diversion of propane and butane for LPG production would curtail the output of alkylates, a gasoline blending component, by Reliance Industries Ltd RELI.NS.
Reliance exported about four cargoes per month of alkylates last year, according to LSEG data.
The government also ordered refiners not to divert propane and butane for petrochemical production.
Diverting propane and butane for LPG production will hurt margins for petrochemical companies that make products such as polpropyline and alkylates, as they fetch better prices than LPG, a trade source said.
(Reporting by Nidhi Verma; Additional reporting by Mohi Narayan; Editing by Sonali Paul)
Indian refiners tap Russian oil floating offshore, sources say
Indian Oil bought Russian oil floating near India
IOC wants to expedite Russian oil purchases, company source says
Other Indian refiners are also considering buying Russian oil
By Nidhi Verma
NEW DELHI, March 5 (Reuters) - Refiners in India have started tapping Russian oil aboard vessels floating off the country's coast to make up for the loss of Middle Eastern crude due to the Iran war, two sources with direct knowledge of the matter said on Thursday.
India is vulnerable to energy supply shocks, with crude stocks covering only about 25 days of demand.
India was the top buyer of Russian seaborne crude after Moscow's 2022 Ukraine invasion, but in January its refiners started to reduce purchases, helping New Delhi avoid 25% tariffs imposed by Washington and clinch an interim trade deal.
On Thursday, the Suezmax tanker Odune carrying about a million barrels of Russian oil berthed at eastern Paradip port for delivery to state refiner Indian Oil Corp IOC.NS, according to a shipping source. The vessel had been floating in Indian waters, the person said.
IOC is also scheduled to receive about 700,000 barrels of Russian oil loaded on the Spring Fortune at Vadinar port in western India on Saturday, the source said.
A source at Indian Oil said his company is expediting purchases of Russian oil, including that loaded on vessels floating around India.
Indian Oil did not immediately respond to a request for comment.
About 9.5 million barrels of Russian crude is floating near Indian waters and able to arrive within weeks, an industry source with direct knowledge of Russian trade told Reuters.
A source at another Indian refiner said his firm was also considering buying Russian oil floating near India.
"Should Middle Eastern inflows tighten, Indian refiners could pivot back toward Russian grades relatively quickly," said Sumit Ritolia, analyst at ship-tracking firm Kpler.
Kpler tracking shows about 30 million barrels of Russian oil available and loaded on vessels in the Indian Ocean, Arabian Sea region and Singapore Strait, including volumes in floating storage, he said.
"Some of these vessels have not yet declared their destination ... If Indian refiners won't act, all these can start moving to China in a day or two," Ritolia said.
Share of various regions in India's monthly crude imports https://reut.rs/3MCoQXZ
(Reporting by Nidhi Verma; Editing by Kirsten Donovan)
(([email protected]; X: @nidhi712;))
Indian Oil bought Russian oil floating near India
IOC wants to expedite Russian oil purchases, company source says
Other Indian refiners are also considering buying Russian oil
By Nidhi Verma
NEW DELHI, March 5 (Reuters) - Refiners in India have started tapping Russian oil aboard vessels floating off the country's coast to make up for the loss of Middle Eastern crude due to the Iran war, two sources with direct knowledge of the matter said on Thursday.
India is vulnerable to energy supply shocks, with crude stocks covering only about 25 days of demand.
India was the top buyer of Russian seaborne crude after Moscow's 2022 Ukraine invasion, but in January its refiners started to reduce purchases, helping New Delhi avoid 25% tariffs imposed by Washington and clinch an interim trade deal.
On Thursday, the Suezmax tanker Odune carrying about a million barrels of Russian oil berthed at eastern Paradip port for delivery to state refiner Indian Oil Corp IOC.NS, according to a shipping source. The vessel had been floating in Indian waters, the person said.
IOC is also scheduled to receive about 700,000 barrels of Russian oil loaded on the Spring Fortune at Vadinar port in western India on Saturday, the source said.
A source at Indian Oil said his company is expediting purchases of Russian oil, including that loaded on vessels floating around India.
Indian Oil did not immediately respond to a request for comment.
About 9.5 million barrels of Russian crude is floating near Indian waters and able to arrive within weeks, an industry source with direct knowledge of Russian trade told Reuters.
A source at another Indian refiner said his firm was also considering buying Russian oil floating near India.
"Should Middle Eastern inflows tighten, Indian refiners could pivot back toward Russian grades relatively quickly," said Sumit Ritolia, analyst at ship-tracking firm Kpler.
Kpler tracking shows about 30 million barrels of Russian oil available and loaded on vessels in the Indian Ocean, Arabian Sea region and Singapore Strait, including volumes in floating storage, he said.
"Some of these vessels have not yet declared their destination ... If Indian refiners won't act, all these can start moving to China in a day or two," Ritolia said.
Share of various regions in India's monthly crude imports https://reut.rs/3MCoQXZ
(Reporting by Nidhi Verma; Editing by Kirsten Donovan)
(([email protected]; X: @nidhi712;))
Asia Fuel Oil Tenders Summary-Taiwan's CPC offers CFB for March
SINGAPORE, March 4 (Reuters) - For tenders of crude and other oil products, please click:
Crude CRU/TENDA Naphtha NAP/TENDA Gasoline MOG/TENDA Jet/Diesel MDIS/TENDA Fuel Oil FUEL/TENDA
OUTSTANDING SPOT TENDERS | |||||
ISSUER | GRADE | PORT | VOLUME | LAYCAN | REMARKS |
Taiwan/CPC * | S: Catalyst Fractionator Bottom | Keelung | 40KT | Mar 17-21 | Closing Mar 4 (valid Mar 5) |
India/HSFO | S: HSFO | Vizag | 33KTx2 | Mar 17-19; Mar 24-26 | Closing Mar 4 |
RECENT TENDERS CLOSED (SORTED BY LAYCAN) | |||||
ISSUER | GRADE | PORT | VOLUME | LAYCAN | REMARKS |
Taiwan/CPC | B: LSFO | Keelung | 36KT | Apr 1-30 | - |
Thailand/PTT | S: LSFO | Map Ta Phut | 35KT | Mar 25-28 | - |
Thailand/PTT | S: HSFO | Sriracha | 18KT | Mar 24-28 | Trafigura |
Nigeria/Dangote | S: Fuel Oil (LSSR) | Lekki | 130KT | Mar 16-18 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Sungai Pakning | 200KB | Mar 16-17 | - |
India/MRPL | S: VLSFO | New Mangalore | 35KT | Mar 11-12 | - |
India/HPCL | S: HSFO | Mumbai | 33KT | Mar 8-10 | - |
Indonesia/Pertamina | S: Decant Oil | Balongan | 200KB | Mar 4-5 | - |
India/HPCL | S: HSFO | Vizag | 33KTx2 | Mar 3-5; Mar 10-12 | - |
Taiwan/Formosa | S: Main Column Bottoms | Mailiao | 40KT | Mar 2-4 | - |
Taiwan/Formosa | S: Pyrolysis Fuel Oil | Mailiao | 10KT | Mar 1-5 | - |
Taiwan/CPC | B: LSFO | Keelung | 36KT | Mar 1-31 | - |
Nigeria/Dangote | S: Fuel Oil (LSSR) | Lekki | 85KT | Feb 27-29 | ATC |
South Korea/S-Oil | S: Slurry | Onsan | 22KT | Feb 20-24 | - |
Pakistan/PARCO | S: HSFO (180cst; 3.5% S Max) | Karachi | 50KT | Feb 20-22 | - |
Thailand/PTT | S: LSFO | Map Ta Phut | 50KT | Feb 19-21 | Chimbusco |
India/HPCL | S: HSFO | Vizag | 33KTx2 | Feb 17-19; Feb 24-26 | - |
Thailand/PTT | S: HSFO | Sriracha | 27KT | Feb 15-19 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Sungai Pakning | 100KB | Feb 15-16 | - |
Taiwan/CPC | S: Catalyst Fractionator Bottom | Keelung | 26KT | Feb 13-17 | - |
India/HPCL | S: HSFO | Vizag | 33KT | Feb 10-12 | - |
India/HPCL | S: HSFO | Mumbai | 33KT | Feb 9-12 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Cilacap | 200KB | Feb 3-4 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Balikpapan | 200KBx6 | Feb 7-8; Feb 10-11; Feb 14-15; Feb 18-19; Feb 26-27 | Shell (Feb 10-11); Chevron (Feb 14-15) |
India/HPCL | S: HSFO | Mumbai | 33KT | Feb 1-3 | E3 |
(Reporting by Jeslyn Lerh; Editing by Ronojoy Mazumdar)
SINGAPORE, March 4 (Reuters) - For tenders of crude and other oil products, please click:
Crude CRU/TENDA Naphtha NAP/TENDA Gasoline MOG/TENDA Jet/Diesel MDIS/TENDA Fuel Oil FUEL/TENDA
OUTSTANDING SPOT TENDERS | |||||
ISSUER | GRADE | PORT | VOLUME | LAYCAN | REMARKS |
Taiwan/CPC * | S: Catalyst Fractionator Bottom | Keelung | 40KT | Mar 17-21 | Closing Mar 4 (valid Mar 5) |
India/HSFO | S: HSFO | Vizag | 33KTx2 | Mar 17-19; Mar 24-26 | Closing Mar 4 |
RECENT TENDERS CLOSED (SORTED BY LAYCAN) | |||||
ISSUER | GRADE | PORT | VOLUME | LAYCAN | REMARKS |
Taiwan/CPC | B: LSFO | Keelung | 36KT | Apr 1-30 | - |
Thailand/PTT | S: LSFO | Map Ta Phut | 35KT | Mar 25-28 | - |
Thailand/PTT | S: HSFO | Sriracha | 18KT | Mar 24-28 | Trafigura |
Nigeria/Dangote | S: Fuel Oil (LSSR) | Lekki | 130KT | Mar 16-18 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Sungai Pakning | 200KB | Mar 16-17 | - |
India/MRPL | S: VLSFO | New Mangalore | 35KT | Mar 11-12 | - |
India/HPCL | S: HSFO | Mumbai | 33KT | Mar 8-10 | - |
Indonesia/Pertamina | S: Decant Oil | Balongan | 200KB | Mar 4-5 | - |
India/HPCL | S: HSFO | Vizag | 33KTx2 | Mar 3-5; Mar 10-12 | - |
Taiwan/Formosa | S: Main Column Bottoms | Mailiao | 40KT | Mar 2-4 | - |
Taiwan/Formosa | S: Pyrolysis Fuel Oil | Mailiao | 10KT | Mar 1-5 | - |
Taiwan/CPC | B: LSFO | Keelung | 36KT | Mar 1-31 | - |
Nigeria/Dangote | S: Fuel Oil (LSSR) | Lekki | 85KT | Feb 27-29 | ATC |
South Korea/S-Oil | S: Slurry | Onsan | 22KT | Feb 20-24 | - |
Pakistan/PARCO | S: HSFO (180cst; 3.5% S Max) | Karachi | 50KT | Feb 20-22 | - |
Thailand/PTT | S: LSFO | Map Ta Phut | 50KT | Feb 19-21 | Chimbusco |
India/HPCL | S: HSFO | Vizag | 33KTx2 | Feb 17-19; Feb 24-26 | - |
Thailand/PTT | S: HSFO | Sriracha | 27KT | Feb 15-19 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Sungai Pakning | 100KB | Feb 15-16 | - |
Taiwan/CPC | S: Catalyst Fractionator Bottom | Keelung | 26KT | Feb 13-17 | - |
India/HPCL | S: HSFO | Vizag | 33KT | Feb 10-12 | - |
India/HPCL | S: HSFO | Mumbai | 33KT | Feb 9-12 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Cilacap | 200KB | Feb 3-4 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Balikpapan | 200KBx6 | Feb 7-8; Feb 10-11; Feb 14-15; Feb 18-19; Feb 26-27 | Shell (Feb 10-11); Chevron (Feb 14-15) |
India/HPCL | S: HSFO | Mumbai | 33KT | Feb 1-3 | E3 |
(Reporting by Jeslyn Lerh; Editing by Ronojoy Mazumdar)
Asia Fuel Oil Tenders Summary-India's HPCL offers more HSFO from Vizag for March
SINGAPORE, March 3 (Reuters) - For tenders of crude and other oil products, please click:
Crude CRU/TENDA Naphtha NAP/TENDA Gasoline MOG/TENDA Jet/Diesel MDIS/TENDA Fuel Oil FUEL/TENDA
OUTSTANDING SPOT TENDERS | |||||
ISSUER | GRADE | PORT | VOLUME | LAYCAN | REMARKS |
India/HSFO * | S: HSFO | Vizag | 33KTx2 | Mar 17-19; Mar 24-26 | Closing Mar 4 |
RECENT TENDERS CLOSED (SORTED BY LAYCAN) | |||||
ISSUER | GRADE | PORT | VOLUME | LAYCAN | REMARKS |
Taiwan/CPC | B: LSFO | Keelung | 36KT | Apr 1-30 | - |
Thailand/PTT | S: LSFO | Map Ta Phut | 35KT | Mar 25-28 | - |
Thailand/PTT | S: HSFO | Sriracha | 18KT | Mar 24-28 | Trafigura |
Nigeria/Dangote | S: Fuel Oil (LSSR) | Lekki | 130KT | Mar 16-18 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Sungai Pakning | 200KB | Mar 16-17 | - |
India/MRPL | S: VLSFO | New Mangalore | 35KT | Mar 11-12 | - |
India/HPCL | S: HSFO | Mumbai | 33KT | Mar 8-10 | - |
Indonesia/Pertamina | S: Decant Oil | Balongan | 200KB | Mar 4-5 | - |
India/HPCL | S: HSFO | Vizag | 33KTx2 | Mar 3-5; Mar 10-12 | - |
Taiwan/Formosa | S: Main Column Bottoms | Mailiao | 40KT | Mar 2-4 | - |
Taiwan/Formosa | S: Pyrolysis Fuel Oil | Mailiao | 10KT | Mar 1-5 | - |
Taiwan/CPC | B: LSFO | Keelung | 36KT | Mar 1-31 | - |
Nigeria/Dangote | S: Fuel Oil (LSSR) | Lekki | 85KT | Feb 27-29 | ATC |
South Korea/S-Oil | S: Slurry | Onsan | 22KT | Feb 20-24 | - |
Pakistan/PARCO | S: HSFO (180cst; 3.5% S Max) | Karachi | 50KT | Feb 20-22 | - |
Thailand/PTT | S: LSFO | Map Ta Phut | 50KT | Feb 19-21 | Chimbusco |
India/HPCL | S: HSFO | Vizag | 33KTx2 | Feb 17-19; Feb 24-26 | - |
Thailand/PTT | S: HSFO | Sriracha | 27KT | Feb 15-19 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Sungai Pakning | 100KB | Feb 15-16 | - |
Taiwan/CPC | S: Catalyst Fractionator Bottom | Keelung | 26KT | Feb 13-17 | - |
India/HPCL | S: HSFO | Vizag | 33KT | Feb 10-12 | - |
India/HPCL | S: HSFO | Mumbai | 33KT | Feb 9-12 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Cilacap | 200KB | Feb 3-4 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Balikpapan | 200KBx6 | Feb 7-8; Feb 10-11; Feb 14-15; Feb 18-19; Feb 26-27 | Shell (Feb 10-11); Chevron (Feb 14-15) |
India/HPCL | S: HSFO | Mumbai | 33KT | Feb 1-3 | E3 |
(Reporting by Jeslyn Lerh, Editing by Louise Heavens)
SINGAPORE, March 3 (Reuters) - For tenders of crude and other oil products, please click:
Crude CRU/TENDA Naphtha NAP/TENDA Gasoline MOG/TENDA Jet/Diesel MDIS/TENDA Fuel Oil FUEL/TENDA
OUTSTANDING SPOT TENDERS | |||||
ISSUER | GRADE | PORT | VOLUME | LAYCAN | REMARKS |
India/HSFO * | S: HSFO | Vizag | 33KTx2 | Mar 17-19; Mar 24-26 | Closing Mar 4 |
RECENT TENDERS CLOSED (SORTED BY LAYCAN) | |||||
ISSUER | GRADE | PORT | VOLUME | LAYCAN | REMARKS |
Taiwan/CPC | B: LSFO | Keelung | 36KT | Apr 1-30 | - |
Thailand/PTT | S: LSFO | Map Ta Phut | 35KT | Mar 25-28 | - |
Thailand/PTT | S: HSFO | Sriracha | 18KT | Mar 24-28 | Trafigura |
Nigeria/Dangote | S: Fuel Oil (LSSR) | Lekki | 130KT | Mar 16-18 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Sungai Pakning | 200KB | Mar 16-17 | - |
India/MRPL | S: VLSFO | New Mangalore | 35KT | Mar 11-12 | - |
India/HPCL | S: HSFO | Mumbai | 33KT | Mar 8-10 | - |
Indonesia/Pertamina | S: Decant Oil | Balongan | 200KB | Mar 4-5 | - |
India/HPCL | S: HSFO | Vizag | 33KTx2 | Mar 3-5; Mar 10-12 | - |
Taiwan/Formosa | S: Main Column Bottoms | Mailiao | 40KT | Mar 2-4 | - |
Taiwan/Formosa | S: Pyrolysis Fuel Oil | Mailiao | 10KT | Mar 1-5 | - |
Taiwan/CPC | B: LSFO | Keelung | 36KT | Mar 1-31 | - |
Nigeria/Dangote | S: Fuel Oil (LSSR) | Lekki | 85KT | Feb 27-29 | ATC |
South Korea/S-Oil | S: Slurry | Onsan | 22KT | Feb 20-24 | - |
Pakistan/PARCO | S: HSFO (180cst; 3.5% S Max) | Karachi | 50KT | Feb 20-22 | - |
Thailand/PTT | S: LSFO | Map Ta Phut | 50KT | Feb 19-21 | Chimbusco |
India/HPCL | S: HSFO | Vizag | 33KTx2 | Feb 17-19; Feb 24-26 | - |
Thailand/PTT | S: HSFO | Sriracha | 27KT | Feb 15-19 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Sungai Pakning | 100KB | Feb 15-16 | - |
Taiwan/CPC | S: Catalyst Fractionator Bottom | Keelung | 26KT | Feb 13-17 | - |
India/HPCL | S: HSFO | Vizag | 33KT | Feb 10-12 | - |
India/HPCL | S: HSFO | Mumbai | 33KT | Feb 9-12 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Cilacap | 200KB | Feb 3-4 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Balikpapan | 200KBx6 | Feb 7-8; Feb 10-11; Feb 14-15; Feb 18-19; Feb 26-27 | Shell (Feb 10-11); Chevron (Feb 14-15) |
India/HPCL | S: HSFO | Mumbai | 33KT | Feb 1-3 | E3 |
(Reporting by Jeslyn Lerh, Editing by Louise Heavens)
Asia Fuel Oil Tenders Summary-India's HPCL offers more HSFO for March
SINGAPORE, Feb 24 (Reuters) - For tenders of crude and other oil products, please click:
Crude CRU/TENDA Naphtha NAP/TENDA Gasoline MOG/TENDA Jet/Diesel MDIS/TENDA Fuel Oil FUEL/TENDA
OUTSTANDING SPOT TENDERS | |||||
ISSUER | GRADE | PORT | VOLUME | LAYCAN | REMARKS |
India/HPCL * | S: HSFO | Mumbai | 33KT | March 8-10 | Closing February 24 |
RECENT TENDERS CLOSED (SORTED BY LAYCAN) | |||||
ISSUER | GRADE | PORT | VOLUME | LAYCAN | REMARKS |
Taiwan/CPC | B: LSFO | Keelung | 36KT | April 1-30 | - |
Thailand/PTT | S: LSFO | Map Ta Phut | 35KT | March 25-28 | - |
Thailand/PTT | S: HSFO | Sriracha | 18KT | March 24-28 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Sungai Pakning | 200KB | March 16-17 | - |
India/HPCL | S: HSFO | Vizag | 33KTx2 | March 3-5; March 10-12 | - |
Taiwan/Formosa | S: Main Column Bottoms | Mailiao | 40KT | March 2-4 | - |
Taiwan/Formosa | S: Pyrolysis Fuel Oil | Mailiao | 10KT | March 1-5 | - |
Taiwan/CPC | B: LSFO | Keelung | 36KT | March 1-31 | - |
Nigeria/Dangote | S: Fuel Oil (LSSR) | Lekki | 85KT | February 27-29 | ATC |
South Korea/S-Oil | S: Slurry | Onsan | 22KT | February 20-24 | - |
Pakistan/PARCO | S: HSFO (180cst; 3.5% S Max) | Karachi | 50KT | February 20-22 | - |
Thailand/PTT | S: LSFO | Map Ta Phut | 50KT | February 19-21 | Chimbusco |
India/HPCL | S: HSFO | Vizag | 33KTx2 | February 17-19; February 24-26 | |
Thailand/PTT | S: HSFO | Sriracha | 27KT | February 15-19 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Sungai Pakning | 100KB | February 15-16 | - |
Taiwan/CPC | S: Catalyst Fractionator Bottom | Keelung | 26KT | February 13-17 | - |
India/HPCL | S: HSFO | Vizag | 33KT | February 10-12 | - |
India/HPCL | S: HSFO | Mumbai | 33KT | February 9-12 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Cilacap | 200KB | February 3-4 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Balikpapan | 200KBx6 | February 7-8; February 10-11; February 14-15; February 18-19; February 26-27 | Shell (Feb 10-11); Chevron (Feb 14-15) |
India/HPCL | S: HSFO | Mumbai | 33KT | February 1-3 | E3 |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Sungai Pakning | 100KB | January 26-27 | - |
India/HPCL | S: HSFO | Mumbai | 33KT | January 25-27 | E3 |
Thailand/PTT | S: LSFO | Map Ta Phut | 35KT | January 22-24 | - |
India/HPCL | S: HSFO | Vizag | 33KT | January 20-22 | - |
Indonesia/Pertamina | S: Decant Oil | Balongan | 200KB | January 20-22 | - |
Nigeria/Dangote | S: Fuel Oil (LSSR) | Lekki | 130KT | January 18-20 | - |
Pakistan/PARCO | S: HSFO (180cst; 3.5% S Max) | Karachi | 50KT | January 15-20 | BGN |
Vietnam/Nghi Son | S: Fuel Oil | Nghi Son | 10KT | January 12-14 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Dumai | 100KB | January 12-13 | - |
South Korea/S-Oil | S: Slurry | Onsan | 22KTx2 | January 10-14; January 27-31 | Shell |
Indonesia/Pertamina | S: Decant Oil | Cilacap | 100KB | January 10-14 | |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Sungai Pakning | 100KB | January 10-11 | - |
Taiwan/Formosa | S: Main Column Bottoms | Mailiao | 40KT | January 10-12 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Balikpapan | 200KBx5 | January 8-9; January 11-12; January 14-15; January 17-18; January 21-22 | - |
Indonesia/Pertamina | S: Marine Fuel Oil | Sungai Pakning | 200KB | January 6-7 | - |
India/HPCL | S: HSFO | Mumbai | 33KT | January 5-7 | - |
(Reporting by Jeslyn Lerh)
SINGAPORE, Feb 24 (Reuters) - For tenders of crude and other oil products, please click:
Crude CRU/TENDA Naphtha NAP/TENDA Gasoline MOG/TENDA Jet/Diesel MDIS/TENDA Fuel Oil FUEL/TENDA
OUTSTANDING SPOT TENDERS | |||||
ISSUER | GRADE | PORT | VOLUME | LAYCAN | REMARKS |
India/HPCL * | S: HSFO | Mumbai | 33KT | March 8-10 | Closing February 24 |
RECENT TENDERS CLOSED (SORTED BY LAYCAN) | |||||
ISSUER | GRADE | PORT | VOLUME | LAYCAN | REMARKS |
Taiwan/CPC | B: LSFO | Keelung | 36KT | April 1-30 | - |
Thailand/PTT | S: LSFO | Map Ta Phut | 35KT | March 25-28 | - |
Thailand/PTT | S: HSFO | Sriracha | 18KT | March 24-28 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Sungai Pakning | 200KB | March 16-17 | - |
India/HPCL | S: HSFO | Vizag | 33KTx2 | March 3-5; March 10-12 | - |
Taiwan/Formosa | S: Main Column Bottoms | Mailiao | 40KT | March 2-4 | - |
Taiwan/Formosa | S: Pyrolysis Fuel Oil | Mailiao | 10KT | March 1-5 | - |
Taiwan/CPC | B: LSFO | Keelung | 36KT | March 1-31 | - |
Nigeria/Dangote | S: Fuel Oil (LSSR) | Lekki | 85KT | February 27-29 | ATC |
South Korea/S-Oil | S: Slurry | Onsan | 22KT | February 20-24 | - |
Pakistan/PARCO | S: HSFO (180cst; 3.5% S Max) | Karachi | 50KT | February 20-22 | - |
Thailand/PTT | S: LSFO | Map Ta Phut | 50KT | February 19-21 | Chimbusco |
India/HPCL | S: HSFO | Vizag | 33KTx2 | February 17-19; February 24-26 | |
Thailand/PTT | S: HSFO | Sriracha | 27KT | February 15-19 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Sungai Pakning | 100KB | February 15-16 | - |
Taiwan/CPC | S: Catalyst Fractionator Bottom | Keelung | 26KT | February 13-17 | - |
India/HPCL | S: HSFO | Vizag | 33KT | February 10-12 | - |
India/HPCL | S: HSFO | Mumbai | 33KT | February 9-12 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Cilacap | 200KB | February 3-4 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Balikpapan | 200KBx6 | February 7-8; February 10-11; February 14-15; February 18-19; February 26-27 | Shell (Feb 10-11); Chevron (Feb 14-15) |
India/HPCL | S: HSFO | Mumbai | 33KT | February 1-3 | E3 |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Sungai Pakning | 100KB | January 26-27 | - |
India/HPCL | S: HSFO | Mumbai | 33KT | January 25-27 | E3 |
Thailand/PTT | S: LSFO | Map Ta Phut | 35KT | January 22-24 | - |
India/HPCL | S: HSFO | Vizag | 33KT | January 20-22 | - |
Indonesia/Pertamina | S: Decant Oil | Balongan | 200KB | January 20-22 | - |
Nigeria/Dangote | S: Fuel Oil (LSSR) | Lekki | 130KT | January 18-20 | - |
Pakistan/PARCO | S: HSFO (180cst; 3.5% S Max) | Karachi | 50KT | January 15-20 | BGN |
Vietnam/Nghi Son | S: Fuel Oil | Nghi Son | 10KT | January 12-14 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Dumai | 100KB | January 12-13 | - |
South Korea/S-Oil | S: Slurry | Onsan | 22KTx2 | January 10-14; January 27-31 | Shell |
Indonesia/Pertamina | S: Decant Oil | Cilacap | 100KB | January 10-14 | |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Sungai Pakning | 100KB | January 10-11 | - |
Taiwan/Formosa | S: Main Column Bottoms | Mailiao | 40KT | January 10-12 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Balikpapan | 200KBx5 | January 8-9; January 11-12; January 14-15; January 17-18; January 21-22 | - |
Indonesia/Pertamina | S: Marine Fuel Oil | Sungai Pakning | 200KB | January 6-7 | - |
India/HPCL | S: HSFO | Mumbai | 33KT | January 5-7 | - |
(Reporting by Jeslyn Lerh)
Pine Labs Awarded Multi-Year Contracts By 3 Indian OMCs
Feb 23 (Reuters) - Pine Labs Ltd PINL.NS:
PINE LABS AWARDED MULTI-YEAR CONTRACTS BY 3 INDIAN OMCS
CONTRACTS FROM BPCL, HPCL, AND IOCL
Source text: ID:nnAZN4SHR2B
Further company coverage: PINL.NS
(([email protected];;))
Feb 23 (Reuters) - Pine Labs Ltd PINL.NS:
PINE LABS AWARDED MULTI-YEAR CONTRACTS BY 3 INDIAN OMCS
CONTRACTS FROM BPCL, HPCL, AND IOCL
Source text: ID:nnAZN4SHR2B
Further company coverage: PINL.NS
(([email protected];;))
India's Bharat Petroleum, HPCL Mittal buy Venezuelan oil, sources say
By Shariq Khan and Nidhi Verma
NEW YORK/NEW DELHI, Feb 18 (Reuters) - India's state-run Bharat Petroleum Corp BPCL.NS has made its first-ever purchase of Venezuelan oil, and private refiner HPCL Mittal Energy Ltd (HMEL) has bought the South American country's crude for the first time in two years, three sources familiar with the trade said on Wednesday.
The two refiners have bought a million barrels each of Venezuela's Merey crude grade, the sources said. The heavy oil, purchased through two separate deals, is planned to be co-loaded on a very large crude carrier to save on shipping cost, and will boost India's imports of Venezuelan crude to at least 6 million barrels through April, the sources said.
Bharat Petroleum and HMEL purchased the Venezuelan oil from trader Vitol, said the sources, who requested anonymity to discuss confidential details. The price details were not immediately known.
BPCL and HMEL did not respond to Reuters requests for comment. Vitol declined to comment.
HMEL, a joint venture of state-run Hindustan Petroleum Corp HPCL.NS and steel tycoon Lakshmi Niwas Mittal, previously received Venezuelan oil in February 2024, trade flow data from LSEG and Kpler showed.
Indian refiners have been buying Venezuelan oil to diversify their supply mix as they reduce Russian oil imports, a move that helped New Delhi clinch an interim trade deal with Washington. HMEL suspended Russian oil imports in October. New Delhi has not officially announced any plans to end oil imports from Russia, but Indian refiners have been avoiding Russian oil.
Reliance Industries, Indian Oil Corp and HPCL have previously bought Venezuelan oil at around $6.5-$7 per barrel below the Dubai crude oil benchmark. Traders Vitol and Trafigura have been marketing and selling the South American country's oil since January under licenses granted by the U.S. as part of a supply deal between Caracas and Washington.
BPCL will split the cargo equally for discharge at Kochi port in the southern state of Kerala for its 310,000 barrel-per-day Kochi refinery, and at Sikka port in western Gujarat state for its 156,000-bpd Bina refinery in central India.
HMEL imports crude through the Mundra port in western Gujarat state for its 226,000-bpd Bathinda refinery in northern India.
Exports of Venezuelan oil to the U.S. are also expected to pick up in April, with refiner Valero Energy VLO.N set to receive up to 6.5 million barrels of Venezuelan crude in March, Chevron rapidly boosting shipments from the country to the U.S. and other U.S. refiners seeking direct purchases from Venezuela, sources have told Reuters.
(Reporting by Shariq Khan in New York and Nidhi Verma in New Delhi; editing by Edward Tobin)
(([email protected]; Twitter/X: @shariqrtrs; Office: (646) 261-7893;))
By Shariq Khan and Nidhi Verma
NEW YORK/NEW DELHI, Feb 18 (Reuters) - India's state-run Bharat Petroleum Corp BPCL.NS has made its first-ever purchase of Venezuelan oil, and private refiner HPCL Mittal Energy Ltd (HMEL) has bought the South American country's crude for the first time in two years, three sources familiar with the trade said on Wednesday.
The two refiners have bought a million barrels each of Venezuela's Merey crude grade, the sources said. The heavy oil, purchased through two separate deals, is planned to be co-loaded on a very large crude carrier to save on shipping cost, and will boost India's imports of Venezuelan crude to at least 6 million barrels through April, the sources said.
Bharat Petroleum and HMEL purchased the Venezuelan oil from trader Vitol, said the sources, who requested anonymity to discuss confidential details. The price details were not immediately known.
BPCL and HMEL did not respond to Reuters requests for comment. Vitol declined to comment.
HMEL, a joint venture of state-run Hindustan Petroleum Corp HPCL.NS and steel tycoon Lakshmi Niwas Mittal, previously received Venezuelan oil in February 2024, trade flow data from LSEG and Kpler showed.
Indian refiners have been buying Venezuelan oil to diversify their supply mix as they reduce Russian oil imports, a move that helped New Delhi clinch an interim trade deal with Washington. HMEL suspended Russian oil imports in October. New Delhi has not officially announced any plans to end oil imports from Russia, but Indian refiners have been avoiding Russian oil.
Reliance Industries, Indian Oil Corp and HPCL have previously bought Venezuelan oil at around $6.5-$7 per barrel below the Dubai crude oil benchmark. Traders Vitol and Trafigura have been marketing and selling the South American country's oil since January under licenses granted by the U.S. as part of a supply deal between Caracas and Washington.
BPCL will split the cargo equally for discharge at Kochi port in the southern state of Kerala for its 310,000 barrel-per-day Kochi refinery, and at Sikka port in western Gujarat state for its 156,000-bpd Bina refinery in central India.
HMEL imports crude through the Mundra port in western Gujarat state for its 226,000-bpd Bathinda refinery in northern India.
Exports of Venezuelan oil to the U.S. are also expected to pick up in April, with refiner Valero Energy VLO.N set to receive up to 6.5 million barrels of Venezuelan crude in March, Chevron rapidly boosting shipments from the country to the U.S. and other U.S. refiners seeking direct purchases from Venezuela, sources have told Reuters.
(Reporting by Shariq Khan in New York and Nidhi Verma in New Delhi; editing by Edward Tobin)
(([email protected]; Twitter/X: @shariqrtrs; Office: (646) 261-7893;))
Asia Fuel Oil Tenders Summary-India's HPCL offers HSFO for early March
SINGAPORE, Feb 11 (Reuters) - For tenders of crude and other oil products, please click:
Crude CRU/TENDA Naphtha NAP/TENDA Gasoline MOG/TENDA Jet/Diesel MDIS/TENDA Fuel Oil FUEL/TENDA
OUTSTANDING SPOT TENDERS | |||||
ISSUER | GRADE | PORT | VOLUME | LAYCAN | REMARKS |
India/HPCL * | S: HSFO | Vizag | 33KTx2 | Mar 3-5; Mar 10-12 | Closing Feb 12 |
Taiwan/CPC | B: LSFO | Keelung | 36KT | Apr 1-30 | Closing Feb 10 (valid Feb 12) |
RECENT TENDERS CLOSED (SORTED BY LAYCAN) | |||||
ISSUER | GRADE | PORT | VOLUME | LAYCAN | REMARKS |
Taiwan/Formosa | S: Main Column Bottoms | Mailiao | 40KT | Mar 2-4 | - |
Taiwan/Formosa | S: Pyrolysis Fuel Oil | Mailiao | 10KT | Mar 1-5 | - |
Taiwan/CPC | B: LSFO | Keelung | 36KT | Mar 1-31 | - |
Nigeria/Dangote | S: Fuel Oil (LSSR) | Lekki | 85KT | Feb 27-29 | ATC |
South Korea/S-Oil | S: Slurry | Onsan | 22KT | Feb 20-24 | - |
Pakistan/PARCO | S: HSFO (180cst; 3.5% S Max) | Karachi | 50KT | Feb 20-22 | - |
Thailand/PTT | S: LSFO | Map Ta Phut | 50KT | Feb 19-21 | Chimbusco |
India/HPCL | S: HSFO | Vizag | 33KTx2 | Feb 17-19; Feb 24-26 | |
Thailand/PTT | S: HSFO | Sriracha | 27KT | Feb 15-19 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Sungai Pakning | 100KB | Feb 15-16 | - |
Taiwan/CPC | S: Catalyst Fractionator Bottom | Keelung | 26KT | Feb 13-17 | - |
India/HPCL | S: HSFO | Vizag | 33KT | Feb 10-12 | - |
India/HPCL | S: HSFO | Mumbai | 33KT | Feb 9-12 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Cilacap | 200KB | Feb 3-4 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Balikpapan | 200KBx6 | Feb 7-8; Feb 10-11; Feb 14-15; Feb 18-19; Feb 26-27 | Shell (Feb 10-11); Chevron (Feb 14-15) |
India/HPCL | S: HSFO | Mumbai | 33KT | Feb 1-3 | E3 |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Sungai Pakning | 100KB | Jan 26-27 | - |
India/HPCL | S: HSFO | Mumbai | 33KT | Jan 25-27 | E3 |
Thailand/PTT | S: LSFO | Map Ta Phut | 35KT | Jan 22-24 | - |
India/HPCL | S: HSFO | Vizag | 33KT | Jan 20-22 | - |
Indonesia/Pertamina | S: Decant Oil | Balongan | 200KB | Jan 20-22 | - |
Nigeria/Dangote | S: Fuel Oil (LSSR) | Lekki | 130KT | Jan 18-20 | - |
Pakistan/PARCO | S: HSFO (180cst; 3.5% S Max) | Karachi | 50KT | Jan 15-20 | BGN |
Vietnam/Nghi Son | S: Fuel Oil | Nghi Son | 10KT | Jan 12-14 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Dumai | 100KB | Jan 12-13 | - |
South Korea/S-Oil | S: Slurry | Onsan | 22KTx2 | Jan 10-14; Jan 27-31 | Shell |
Indonesia/Pertamina | S: Decant Oil | Cilacap | 100KB | Jan 10-14 | |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Sungai Pakning | 100KB | Jan 10-11 | - |
Taiwan/Formosa | S: Main Column Bottoms | Mailiao | 40KT | Jan 10-12 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Balikpapan | 200KBx5 | Jan 8-9; Jan 11-12; Jan 14-15; Jan 17-18; Jan 21-22 | - |
Indonesia/Pertamina | S: Marine Fuel Oil | Sungai Pakning | 200KB | Jan 6-7 | - |
India/HPCL | S: HSFO | Mumbai | 33KT | Jan 5-7 | - |
(Reporting by Jeslyn Lerh)
SINGAPORE, Feb 11 (Reuters) - For tenders of crude and other oil products, please click:
Crude CRU/TENDA Naphtha NAP/TENDA Gasoline MOG/TENDA Jet/Diesel MDIS/TENDA Fuel Oil FUEL/TENDA
OUTSTANDING SPOT TENDERS | |||||
ISSUER | GRADE | PORT | VOLUME | LAYCAN | REMARKS |
India/HPCL * | S: HSFO | Vizag | 33KTx2 | Mar 3-5; Mar 10-12 | Closing Feb 12 |
Taiwan/CPC | B: LSFO | Keelung | 36KT | Apr 1-30 | Closing Feb 10 (valid Feb 12) |
RECENT TENDERS CLOSED (SORTED BY LAYCAN) | |||||
ISSUER | GRADE | PORT | VOLUME | LAYCAN | REMARKS |
Taiwan/Formosa | S: Main Column Bottoms | Mailiao | 40KT | Mar 2-4 | - |
Taiwan/Formosa | S: Pyrolysis Fuel Oil | Mailiao | 10KT | Mar 1-5 | - |
Taiwan/CPC | B: LSFO | Keelung | 36KT | Mar 1-31 | - |
Nigeria/Dangote | S: Fuel Oil (LSSR) | Lekki | 85KT | Feb 27-29 | ATC |
South Korea/S-Oil | S: Slurry | Onsan | 22KT | Feb 20-24 | - |
Pakistan/PARCO | S: HSFO (180cst; 3.5% S Max) | Karachi | 50KT | Feb 20-22 | - |
Thailand/PTT | S: LSFO | Map Ta Phut | 50KT | Feb 19-21 | Chimbusco |
India/HPCL | S: HSFO | Vizag | 33KTx2 | Feb 17-19; Feb 24-26 | |
Thailand/PTT | S: HSFO | Sriracha | 27KT | Feb 15-19 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Sungai Pakning | 100KB | Feb 15-16 | - |
Taiwan/CPC | S: Catalyst Fractionator Bottom | Keelung | 26KT | Feb 13-17 | - |
India/HPCL | S: HSFO | Vizag | 33KT | Feb 10-12 | - |
India/HPCL | S: HSFO | Mumbai | 33KT | Feb 9-12 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Cilacap | 200KB | Feb 3-4 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Balikpapan | 200KBx6 | Feb 7-8; Feb 10-11; Feb 14-15; Feb 18-19; Feb 26-27 | Shell (Feb 10-11); Chevron (Feb 14-15) |
India/HPCL | S: HSFO | Mumbai | 33KT | Feb 1-3 | E3 |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Sungai Pakning | 100KB | Jan 26-27 | - |
India/HPCL | S: HSFO | Mumbai | 33KT | Jan 25-27 | E3 |
Thailand/PTT | S: LSFO | Map Ta Phut | 35KT | Jan 22-24 | - |
India/HPCL | S: HSFO | Vizag | 33KT | Jan 20-22 | - |
Indonesia/Pertamina | S: Decant Oil | Balongan | 200KB | Jan 20-22 | - |
Nigeria/Dangote | S: Fuel Oil (LSSR) | Lekki | 130KT | Jan 18-20 | - |
Pakistan/PARCO | S: HSFO (180cst; 3.5% S Max) | Karachi | 50KT | Jan 15-20 | BGN |
Vietnam/Nghi Son | S: Fuel Oil | Nghi Son | 10KT | Jan 12-14 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Dumai | 100KB | Jan 12-13 | - |
South Korea/S-Oil | S: Slurry | Onsan | 22KTx2 | Jan 10-14; Jan 27-31 | Shell |
Indonesia/Pertamina | S: Decant Oil | Cilacap | 100KB | Jan 10-14 | |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Sungai Pakning | 100KB | Jan 10-11 | - |
Taiwan/Formosa | S: Main Column Bottoms | Mailiao | 40KT | Jan 10-12 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Balikpapan | 200KBx5 | Jan 8-9; Jan 11-12; Jan 14-15; Jan 17-18; Jan 21-22 | - |
Indonesia/Pertamina | S: Marine Fuel Oil | Sungai Pakning | 200KB | Jan 6-7 | - |
India/HPCL | S: HSFO | Mumbai | 33KT | Jan 5-7 | - |
(Reporting by Jeslyn Lerh)
India's fuel demand slips month-on-month in January, rises annually
Feb 9 (Reuters) - India's fuel consumption fell to 21.05 million metric tons in January from 21.71 million the previous month, which was the highest monthly number recorded in oil ministry data, but gained nearly 3% compared with the same period last year.
WHY IT'S IMPORTANT
India is the world's third-largest consumer and importer of oil and the largest buyer of Russian seaborne crude, taking advantage of discounts on Russian oil as Europe and the U.S. shun those barrels over Russia's invasion of Ukraine.
BY THE NUMBERS
Data released by the oil ministry's Petroleum Planning and Analysis Cell (PPAC) on Monday showed sales of gasoline stood at 3.51 million metric tons in January, down 1.2% from December but up 6.1% from a year earlier.
Diesel consumption was at nearly 8 million tons, up 3.3% from a year earlier but down 5.7% month-on-month, while liquefied petroleum gas consumption rose 6.6% from a year earlier to 3.03 million tons.
Naphtha sales fell about 10.2% year-on-year to 1.02 million tons, while consumption of bitumen, used primarily in road construction, fell 12.9% from December and but was up 4.2% on an annual basis at 0.79 million tons.
Fuel oil usage stood at 0.57 million tons, rising 3.3% from a year earlier.
CONTEXT
India's state refiners Indian Oil IOC.NS and Hindustan Petroleum HPCL.NS together bought 2 million barrels of Merey crude from Venezuela for delivery in the second half of April, two trade sources aware of the deal said.
The purchase highlights Indian refiners' effort to diversify their imports to partly replace Russian oil, which they are avoiding to help New Delhi seal a trade deal with the United States.
Meanwhile, high-frequency indicators point to sustained growth momentum, according to the Reserve Bank of India's State of the Economy report released on January 21.
A rare combination of rising fuel demand and expanding refining capacity is drawing global commodity traders to India, with firms such as Trafigura seeking long-term partnerships with state oil companies.
KEY COMMENTS
"Another month with solid year-on-year growth, driven by the key refined products diesel and gasoline," said UBS analyst Giovanni Staunovo.
"Indian demand growth is likely to be a key driver of global oil demand growth this year."
DOMESTIC SALES (in millions of metric tons):
| 2026 | 2025 | 2025 | 2025 | 2024 | 2024 |
| January | December | November | January | December | November |
Diesel | 7.99 | 8.47 | 8.56 | 7.74 | 8.05 | 8.17 |
Petrol | 3.51 | 3.56 | 3.52 | 3.31 | 3.32 | 3.43 |
LPG | 3.03 | 3.08 | 2.84 | 2.84 | 2.77 | 2.67 |
Naphtha | 1.02 | 1.00 | 0.92 | 1.14 | 1.01 | 1.10 |
Jet fuel | 0.83 | 0.78 | 0.79 | 0.78 | 0.78 | 0.75 |
Kerosene | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
Fuel Oil | 0.57 | 0.57 | 0.55 | 0.55 | 0.56 | 0.50 |
Bitumen | 0.80 | 0.92 | 0.88 | 0.77 | 0.77 | 0.71 |
TOTAL | 21.05 | 21.71 | 20.78 | 20.47 | 20.66 | 20.66 |
(Reporting by Pablo Sinha and Anmol Choubey in Bengaluru; Editing by David Holmes)
(([email protected];))
Feb 9 (Reuters) - India's fuel consumption fell to 21.05 million metric tons in January from 21.71 million the previous month, which was the highest monthly number recorded in oil ministry data, but gained nearly 3% compared with the same period last year.
WHY IT'S IMPORTANT
India is the world's third-largest consumer and importer of oil and the largest buyer of Russian seaborne crude, taking advantage of discounts on Russian oil as Europe and the U.S. shun those barrels over Russia's invasion of Ukraine.
BY THE NUMBERS
Data released by the oil ministry's Petroleum Planning and Analysis Cell (PPAC) on Monday showed sales of gasoline stood at 3.51 million metric tons in January, down 1.2% from December but up 6.1% from a year earlier.
Diesel consumption was at nearly 8 million tons, up 3.3% from a year earlier but down 5.7% month-on-month, while liquefied petroleum gas consumption rose 6.6% from a year earlier to 3.03 million tons.
Naphtha sales fell about 10.2% year-on-year to 1.02 million tons, while consumption of bitumen, used primarily in road construction, fell 12.9% from December and but was up 4.2% on an annual basis at 0.79 million tons.
Fuel oil usage stood at 0.57 million tons, rising 3.3% from a year earlier.
CONTEXT
India's state refiners Indian Oil IOC.NS and Hindustan Petroleum HPCL.NS together bought 2 million barrels of Merey crude from Venezuela for delivery in the second half of April, two trade sources aware of the deal said.
The purchase highlights Indian refiners' effort to diversify their imports to partly replace Russian oil, which they are avoiding to help New Delhi seal a trade deal with the United States.
Meanwhile, high-frequency indicators point to sustained growth momentum, according to the Reserve Bank of India's State of the Economy report released on January 21.
A rare combination of rising fuel demand and expanding refining capacity is drawing global commodity traders to India, with firms such as Trafigura seeking long-term partnerships with state oil companies.
KEY COMMENTS
"Another month with solid year-on-year growth, driven by the key refined products diesel and gasoline," said UBS analyst Giovanni Staunovo.
"Indian demand growth is likely to be a key driver of global oil demand growth this year."
DOMESTIC SALES (in millions of metric tons):
| 2026 | 2025 | 2025 | 2025 | 2024 | 2024 |
| January | December | November | January | December | November |
Diesel | 7.99 | 8.47 | 8.56 | 7.74 | 8.05 | 8.17 |
Petrol | 3.51 | 3.56 | 3.52 | 3.31 | 3.32 | 3.43 |
LPG | 3.03 | 3.08 | 2.84 | 2.84 | 2.77 | 2.67 |
Naphtha | 1.02 | 1.00 | 0.92 | 1.14 | 1.01 | 1.10 |
Jet fuel | 0.83 | 0.78 | 0.79 | 0.78 | 0.78 | 0.75 |
Kerosene | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
Fuel Oil | 0.57 | 0.57 | 0.55 | 0.55 | 0.56 | 0.50 |
Bitumen | 0.80 | 0.92 | 0.88 | 0.77 | 0.77 | 0.71 |
TOTAL | 21.05 | 21.71 | 20.78 | 20.47 | 20.66 | 20.66 |
(Reporting by Pablo Sinha and Anmol Choubey in Bengaluru; Editing by David Holmes)
(([email protected];))
Indian refiners avoid Russian oil in push for US trade deal
Indian refiners not taking March–April Russian crude offers
Trump says India committed to halting Russian oil imports
New Delhi has not announced halt to Russian purchases
Indian refiners cut Russian intake, buy from other suppliers
By Nidhi Verma
NEW DELHI, Feb 8 (Reuters) - Indian refiners are avoiding Russian oil purchases for delivery in April and are expected to stay away from such trades for longer, refining and trade sources said, a move that could help New Delhi seal a trade pact with Washington.
The U.S. and India moved closer to a trade pact on Friday, announcing a framework for a deal they hope to conclude by March that would lower tariffs and deepen economic cooperation.
Indian Oil IOC.NS, Bharat Petroleum BPCL.NS and Reliance Industries RELI.NS are not accepting offers from traders for Russian oil loading in March and April, said a trader who approached the refiners.
These refiners, however, had already scheduled some deliveries of Russian oil in March, refining sources said. Most other refiners have stopped buying Russian crude.
TRUMP SAYS INDIA 'COMMITTED' TO HALTING PURCHASES
The three refiners and the oil ministry did not respond to requests for comment. The trade minister on Saturday referred questions about Russian oil to the foreign ministry.
A foreign ministry spokesperson said: "Diversifying our energy sourcing in keeping with objective market conditions and evolving international dynamics is at the core of our strategy" to ensure energy security for the world's most-populous nation.
Although a U.S.-India statement on the trade framework did not mention Russian oil, President Donald Trump rescinded his 25% tariffs on Indian goods, imposed over Russian oil purchases, because, he said, New Delhi had "committed to stop directly or indirectly" importing Russian oil.
New Delhi has not announced plans to halt Russian oil imports.
India became the top buyer of discounted Russian seaborne crude after Russia invaded Ukraine in 2022, spurring a backlash from Western nations that had targeted Russia's energy sector with sanctions aimed at curtailing Moscow's revenue and making it harder to fund the war.
INDIA'S RUSSIAN-OIL IMPORTS A FRACTION OF 2025 LEVELS
One regular Indian buyer is Russia-backed private refiner Nayara, which relies solely on Russian oil for its 400,000-barrel-per-day refinery. Sources said Nayara may be allowed to keep buying Russian oil because other crude sellers pulled back after the European Union sanctioned the refiner in July.
Nayara also does not plan to import Russian crude in April due to a month-long refinery maintenance shutdown, a source familiar with its operations said.
Nayara did not respond to an email seeking comment.
Indian refiners may change their plan and place orders for Russian oil only if advised by the government, sources said.
Trump's order said U.S. officials would monitor and recommend reinstating the tariffs if India resumed oil procurement from Russia.
Sources said last month that India was preparing to cut Russian oil imports below 1 million bpd by March, with volumes eventually falling to 500,000–600,000 bpd, compared with an average 1.7 million bpd last year. India's Russian oil imports topped 2 million bpd in mid-2025.
The intake of Russian oil by India, the world's third-biggest oil consumer and importer, declined to its lowest level in two years in December, data from trade and industry sources show.
Indian refiners have been buying more oil from Middle Eastern, African and South American countries as they scale back Russian oil purchases.
India-U.S. trade deal: Trump wants India to buy more U.S. energy https://reut.rs/4tmee05
(Reporting by Nidhi Verma; Editing by William Mallard)
(([email protected]; X: @nidhi712;))
Indian refiners not taking March–April Russian crude offers
Trump says India committed to halting Russian oil imports
New Delhi has not announced halt to Russian purchases
Indian refiners cut Russian intake, buy from other suppliers
By Nidhi Verma
NEW DELHI, Feb 8 (Reuters) - Indian refiners are avoiding Russian oil purchases for delivery in April and are expected to stay away from such trades for longer, refining and trade sources said, a move that could help New Delhi seal a trade pact with Washington.
The U.S. and India moved closer to a trade pact on Friday, announcing a framework for a deal they hope to conclude by March that would lower tariffs and deepen economic cooperation.
Indian Oil IOC.NS, Bharat Petroleum BPCL.NS and Reliance Industries RELI.NS are not accepting offers from traders for Russian oil loading in March and April, said a trader who approached the refiners.
These refiners, however, had already scheduled some deliveries of Russian oil in March, refining sources said. Most other refiners have stopped buying Russian crude.
TRUMP SAYS INDIA 'COMMITTED' TO HALTING PURCHASES
The three refiners and the oil ministry did not respond to requests for comment. The trade minister on Saturday referred questions about Russian oil to the foreign ministry.
A foreign ministry spokesperson said: "Diversifying our energy sourcing in keeping with objective market conditions and evolving international dynamics is at the core of our strategy" to ensure energy security for the world's most-populous nation.
Although a U.S.-India statement on the trade framework did not mention Russian oil, President Donald Trump rescinded his 25% tariffs on Indian goods, imposed over Russian oil purchases, because, he said, New Delhi had "committed to stop directly or indirectly" importing Russian oil.
New Delhi has not announced plans to halt Russian oil imports.
India became the top buyer of discounted Russian seaborne crude after Russia invaded Ukraine in 2022, spurring a backlash from Western nations that had targeted Russia's energy sector with sanctions aimed at curtailing Moscow's revenue and making it harder to fund the war.
INDIA'S RUSSIAN-OIL IMPORTS A FRACTION OF 2025 LEVELS
One regular Indian buyer is Russia-backed private refiner Nayara, which relies solely on Russian oil for its 400,000-barrel-per-day refinery. Sources said Nayara may be allowed to keep buying Russian oil because other crude sellers pulled back after the European Union sanctioned the refiner in July.
Nayara also does not plan to import Russian crude in April due to a month-long refinery maintenance shutdown, a source familiar with its operations said.
Nayara did not respond to an email seeking comment.
Indian refiners may change their plan and place orders for Russian oil only if advised by the government, sources said.
Trump's order said U.S. officials would monitor and recommend reinstating the tariffs if India resumed oil procurement from Russia.
Sources said last month that India was preparing to cut Russian oil imports below 1 million bpd by March, with volumes eventually falling to 500,000–600,000 bpd, compared with an average 1.7 million bpd last year. India's Russian oil imports topped 2 million bpd in mid-2025.
The intake of Russian oil by India, the world's third-biggest oil consumer and importer, declined to its lowest level in two years in December, data from trade and industry sources show.
Indian refiners have been buying more oil from Middle Eastern, African and South American countries as they scale back Russian oil purchases.
India-U.S. trade deal: Trump wants India to buy more U.S. energy https://reut.rs/4tmee05
(Reporting by Nidhi Verma; Editing by William Mallard)
(([email protected]; X: @nidhi712;))
Indian refiners await government advice on Russian oil import halt, sources say
Refiners need time to complete ongoing Russian imports -sources
Shipments already booked would arrive in March, sources say
US wants India to shift to Venezuelan, US oil
Adds details on purchases
By Nidhi Verma
NEW DELHI, Feb 3 (Reuters) - Indian refiners have not been told by the government to stop buying Russian oil and would need a wind-down period to complete purchases already in process, two refining sources said on Tuesday, following a trade deal with Washington.
On Monday, U.S. President Donald Trump announced a trade agreement with Indian Prime Minister Narendra Modi that included halting oil purchases from Russia, but without details on how and when such purchases by India would end.
While India has slowed Russian oil purchases, refineries have already booked cargoes loading in February and arriving in March, the sources said, declining to be named as they were not authorised to speak with the media.
Trump said the trade deal would slash U.S. tariffs on Indian goods to 18% from 50%, in exchange for India lowering trade barriers, ending Russian oil purchases and importing instead from the United States and potentially Venezuela.
Modi welcomed the tariff reduction but made no mention of halting Russian oil purchases.
COMPLETE HALT OF RUSSIAN IMPORTS 'WOULD HURT NAYARA'
India became the top buyer of discounted Russian seaborne crude after Moscow's war in Ukraine began in 2022, spurring a backlash from Western nations that had targeted Russia's energy sector with sanctions aimed at curtailing Moscow's revenue and making it harder to fund the war.
India will gradually cut Russian oil imports, a third source said on Tuesday, adding that a complete halt would hurt operations at Russia-backed Nayara Energy's 400,000-barrel-per-day refinery. The plant has relied solely on Russian crude following European Union sanctions on the company last July.
However, Nayara is not planning to load Russian oil in April as it will be shutting its refinery for over a month for maintenance from April 10, the third source added.
Two other refiners have paused new orders in recent days after booking volumes for February and March, industry sources said on Tuesday. One of the sources said his company may delay lifting March cargoes into April to cap India’s overall Russian oil intake.
The sources, declining to be named as they were not authorised to speak to the media, said future purchases would depend on government guidance.
PREPARING TO SCALE BACK RUSSIAN IMPORTS
Indian Oil Corp IOC.NS, Bharat Petroleum Corp BPCL.NS and Nayara have been regular buyers of Russian oil.
Reliance Industries RELI.NS, which paused buying Russian oil for a month, will buy up to 150,000 barrels per day from February, a company executive said last week.
The four companies and India's oil ministry did not respond to emails seeking comment.
Last week, sources said that India was preparing to reduce Russian oil imports to below 1 million barrels per day, with one saying such imports eventually would total 500,000–600,000 bpd.
India's Russian oil imports peaked at around 2 million bpd last June.
Trump said on Saturday India would buy Venezuelan oil, but refining sources said on Tuesday that only Reliance and Nayara had the refining capability to process heavy crude in large volumes. State refiners, they said, could not simply switch to Venezualan oil and would only be able to replace less than 10% of Russian supplies.
India's Russian oil imports fell to their lowest level in two years in December, data from trade sources showed.
Indian refiners have been buying more from Middle Eastern, African and South American countries as they scale back Russian oil purchases, refining sources said last month.
Trump's tariff cut spells relief in India despite scant details L4N3YZ0RK
(Reporting by Nidhi Verma; Editing by Edmund Klamann, Raju Gopalakrishnan and Bernadette Baum)
(([email protected]; X: @nidhi712;))
Refiners need time to complete ongoing Russian imports -sources
Shipments already booked would arrive in March, sources say
US wants India to shift to Venezuelan, US oil
Adds details on purchases
By Nidhi Verma
NEW DELHI, Feb 3 (Reuters) - Indian refiners have not been told by the government to stop buying Russian oil and would need a wind-down period to complete purchases already in process, two refining sources said on Tuesday, following a trade deal with Washington.
On Monday, U.S. President Donald Trump announced a trade agreement with Indian Prime Minister Narendra Modi that included halting oil purchases from Russia, but without details on how and when such purchases by India would end.
While India has slowed Russian oil purchases, refineries have already booked cargoes loading in February and arriving in March, the sources said, declining to be named as they were not authorised to speak with the media.
Trump said the trade deal would slash U.S. tariffs on Indian goods to 18% from 50%, in exchange for India lowering trade barriers, ending Russian oil purchases and importing instead from the United States and potentially Venezuela.
Modi welcomed the tariff reduction but made no mention of halting Russian oil purchases.
COMPLETE HALT OF RUSSIAN IMPORTS 'WOULD HURT NAYARA'
India became the top buyer of discounted Russian seaborne crude after Moscow's war in Ukraine began in 2022, spurring a backlash from Western nations that had targeted Russia's energy sector with sanctions aimed at curtailing Moscow's revenue and making it harder to fund the war.
India will gradually cut Russian oil imports, a third source said on Tuesday, adding that a complete halt would hurt operations at Russia-backed Nayara Energy's 400,000-barrel-per-day refinery. The plant has relied solely on Russian crude following European Union sanctions on the company last July.
However, Nayara is not planning to load Russian oil in April as it will be shutting its refinery for over a month for maintenance from April 10, the third source added.
Two other refiners have paused new orders in recent days after booking volumes for February and March, industry sources said on Tuesday. One of the sources said his company may delay lifting March cargoes into April to cap India’s overall Russian oil intake.
The sources, declining to be named as they were not authorised to speak to the media, said future purchases would depend on government guidance.
PREPARING TO SCALE BACK RUSSIAN IMPORTS
Indian Oil Corp IOC.NS, Bharat Petroleum Corp BPCL.NS and Nayara have been regular buyers of Russian oil.
Reliance Industries RELI.NS, which paused buying Russian oil for a month, will buy up to 150,000 barrels per day from February, a company executive said last week.
The four companies and India's oil ministry did not respond to emails seeking comment.
Last week, sources said that India was preparing to reduce Russian oil imports to below 1 million barrels per day, with one saying such imports eventually would total 500,000–600,000 bpd.
India's Russian oil imports peaked at around 2 million bpd last June.
Trump said on Saturday India would buy Venezuelan oil, but refining sources said on Tuesday that only Reliance and Nayara had the refining capability to process heavy crude in large volumes. State refiners, they said, could not simply switch to Venezualan oil and would only be able to replace less than 10% of Russian supplies.
India's Russian oil imports fell to their lowest level in two years in December, data from trade sources showed.
Indian refiners have been buying more from Middle Eastern, African and South American countries as they scale back Russian oil purchases, refining sources said last month.
Trump's tariff cut spells relief in India despite scant details L4N3YZ0RK
(Reporting by Nidhi Verma; Editing by Edmund Klamann, Raju Gopalakrishnan and Bernadette Baum)
(([email protected]; X: @nidhi712;))
Indian refiners need wind-down period for Russian oil, sources say
Indian refiners need time to end Russian oil imports, refining sources say
Shipments already booked would arrive in March, sources say
US wants India to shift to Venezuelan oil
By Nidhi Verma
NEW DELHI, Feb 3 (Reuters) - Indian refiners will need a wind-down period to complete Russian oil deals before imports from that country can be halted, and they have so far not been ordered by the government to stop such imports, two refining sources said.
U.S. President Donald Trump on Monday announced a trade agreement with Indian Prime Minister Narendra Modi that included a halt to Indian oil purchases from Russia.
Indian companies have already booked cargoes loading in February and arriving in March, so a wind-down period would be needed to fulfil existing commitments, the sources said. They spoke on condition of anonymity because they were not authorised to speak with the media.
The trade deal with India would slash U.S. tariffs on Indian goods to 18% from 50% in exchange for India lowering trade barriers and stopping its purchases of Russian oil. It would buy oil instead from the U.S. and potentially Venezuela.
India became the top buyer of discounted Russian seaborne crude after the 2022 outbreak of war in Ukraine, generating a backlash among Western nations that targeted Russia's energy sector with sanctions.
The United States wants to curb Russia's oil revenues to make it harder for Moscow to fund the war.
"We spoke about many things, including Trade, and ending the War with Russia and Ukraine," Trump said of his discussion with Modi. "He agreed to stop buying Russian Oil, and to buy much more from the United States and, potentially, Venezuela."
Modi followed with a post on social media that he was delighted with the reduced tariff, but made no mention of a halt to purchases of Russian oil.
Reuters last week reported that the United States had told Delhi it could soon resume purchases of Venezuelan oil to help replace imports of Russian oil. Trump said on Saturday that India would buy Venezuelan oil.
Indian Oil Minister Hardeep Singh Puri last month said India was diversifying its crude sources as its Russian oil imports fall.
Data from trade sources showed India's Russian oil imports fell to their lowest level in two years in December, while OPEC's share of Indian imports rose to an 11-month high.
Indian refiners have been buying more oil from Middle Eastern, African and South American countries as they began scaling back Russian oil purchases, following discussions at a government meeting about accelerating a U.S.-India trade deal, refining sources said last month.
(Reporting by Nidhi Verma; Editing by Edmund Klamann)
(([email protected]; X: @nidhi712;))
Indian refiners need time to end Russian oil imports, refining sources say
Shipments already booked would arrive in March, sources say
US wants India to shift to Venezuelan oil
By Nidhi Verma
NEW DELHI, Feb 3 (Reuters) - Indian refiners will need a wind-down period to complete Russian oil deals before imports from that country can be halted, and they have so far not been ordered by the government to stop such imports, two refining sources said.
U.S. President Donald Trump on Monday announced a trade agreement with Indian Prime Minister Narendra Modi that included a halt to Indian oil purchases from Russia.
Indian companies have already booked cargoes loading in February and arriving in March, so a wind-down period would be needed to fulfil existing commitments, the sources said. They spoke on condition of anonymity because they were not authorised to speak with the media.
The trade deal with India would slash U.S. tariffs on Indian goods to 18% from 50% in exchange for India lowering trade barriers and stopping its purchases of Russian oil. It would buy oil instead from the U.S. and potentially Venezuela.
India became the top buyer of discounted Russian seaborne crude after the 2022 outbreak of war in Ukraine, generating a backlash among Western nations that targeted Russia's energy sector with sanctions.
The United States wants to curb Russia's oil revenues to make it harder for Moscow to fund the war.
"We spoke about many things, including Trade, and ending the War with Russia and Ukraine," Trump said of his discussion with Modi. "He agreed to stop buying Russian Oil, and to buy much more from the United States and, potentially, Venezuela."
Modi followed with a post on social media that he was delighted with the reduced tariff, but made no mention of a halt to purchases of Russian oil.
Reuters last week reported that the United States had told Delhi it could soon resume purchases of Venezuelan oil to help replace imports of Russian oil. Trump said on Saturday that India would buy Venezuelan oil.
Indian Oil Minister Hardeep Singh Puri last month said India was diversifying its crude sources as its Russian oil imports fall.
Data from trade sources showed India's Russian oil imports fell to their lowest level in two years in December, while OPEC's share of Indian imports rose to an 11-month high.
Indian refiners have been buying more oil from Middle Eastern, African and South American countries as they began scaling back Russian oil purchases, following discussions at a government meeting about accelerating a U.S.-India trade deal, refining sources said last month.
(Reporting by Nidhi Verma; Editing by Edmund Klamann)
(([email protected]; X: @nidhi712;))
HPCL Says No Negotiations On Venezuelan Crude Oil Procurement
Jan 29 (Reuters) - Hindustan Petroleum Corp Ltd HPCL.NS:
NO NEGOTIATIONS ON VENEZUELAN CRUDE OIL PROCUREMENT
Source text: ID:nBSEb7FzH
Further company coverage: HPCL.NS
(([email protected];))
Jan 29 (Reuters) - Hindustan Petroleum Corp Ltd HPCL.NS:
NO NEGOTIATIONS ON VENEZUELAN CRUDE OIL PROCUREMENT
Source text: ID:nBSEb7FzH
Further company coverage: HPCL.NS
(([email protected];))
HPCL Chair Says Seeking Venezuelan Oil For The First Time
Jan 27 (Reuters) - Hindustan Petroleum Corp Ltd's CHAIR HPCL.NS:
HPCL CHAIR SAYS SEEKING VENEZUELAN OIL FOR THE FIRST TIME
HPCL CHAIR SAYS TO RAISE HEAVY CRUDE PROCESSING IN 2026-27
(([email protected];))
Jan 27 (Reuters) - Hindustan Petroleum Corp Ltd's CHAIR HPCL.NS:
HPCL CHAIR SAYS SEEKING VENEZUELAN OIL FOR THE FIRST TIME
HPCL CHAIR SAYS TO RAISE HEAVY CRUDE PROCESSING IN 2026-27
(([email protected];))
HPCL Exec Says Co Will Evaluate Venezuela Crude Buy
Jan 22 (Reuters) - Abu Dhabi National Oil Co [RIC:RIC:ADNOC.UL]:
HPCL EXEC: EXPECTS REFINED FUEL PRODUCTION FROM RAJASTHAN REFINEY IN FEB
HPCL EXEC: PRICING OF LNG UNDER LONG TERM DEAL WITH ADNOC LINKED TO BRENT
HPCL EXEC: WILL EVALUATE VENEZUELA CRUDE BUY
Source text: [ID:]
Further company coverage: ADNOC.UL
(([email protected];))
Jan 22 (Reuters) - Abu Dhabi National Oil Co [RIC:RIC:ADNOC.UL]:
HPCL EXEC: EXPECTS REFINED FUEL PRODUCTION FROM RAJASTHAN REFINEY IN FEB
HPCL EXEC: PRICING OF LNG UNDER LONG TERM DEAL WITH ADNOC LINKED TO BRENT
HPCL EXEC: WILL EVALUATE VENEZUELA CRUDE BUY
Source text: [ID:]
Further company coverage: ADNOC.UL
(([email protected];))
HPCL Targets 45.3 MMTPA Refining Capacity By FY28
Jan 21 (Reuters) - Hindustan Petroleum Corp Ltd HPCL.NS:
TARGETS 45.3 MMTPA REFINING CAPACITY BY FY28
Further company coverage: HPCL.NS
(([email protected];;))
Jan 21 (Reuters) - Hindustan Petroleum Corp Ltd HPCL.NS:
TARGETS 45.3 MMTPA REFINING CAPACITY BY FY28
Further company coverage: HPCL.NS
(([email protected];;))
MIDEAST STOCKS-Most Gulf markets gain ahead of earnings; Saudi bourse flat
Updates to closing prices
By Ateeq Shariff
Jan 20 (Reuters) - Most Gulf stock markets closed higher on Tuesday, with Dubai ending at its strongest level in almost two decades, as investors looked ahead to earnings and absorbed softer oil prices.
Saudi stocks, however, were flat to slightly lower, weighed by profit-taking after the recent rally.
Dubai's main share index .DFMGI gained 0.5%, led by a 0.7% rise in blue-chip developer Emaar Properties EMAR.DU and a 0.8% increase in utility firm Dubai Electricity and Water Authority DEWAA.DU.
Further gains are possible if fourth-quarter earnings reports lift sentiment. Strong results could add momentum to a market that's already underpinned by healthy fundamentals and upbeat growth expectations for the year, said Daniel Takieddine, co-founder and CEO of Sky Links Capital Group.
Saudi Arabia's benchmark index .TASI concluded flat after a 3.3% rally last week triggered by the government's announcement that it would liberalise capital market access for foreign investors, starting next month.
Meanwhile, oil prices - a catalyst for the Gulf's financial markets - were steady as investors monitored U.S. President Donald Trump's tariff threats against European states opposing his push to acquire Greenland, while firmer global economic growth expectations and a weaker U.S. dollar gave a floor to prices.
According to Takieddine, cautious sentiment prevails as investors await upcoming fourth-quarter earnings reports following a few early releases. "Meanwhile, volatility in oil prices has slightly impacted sentiment, keeping the market's immediate direction unclear."
In Abu Dhabi, the index .FTFADGI rose 0.3%, helped by a 0.3% gain in ADNOC Gas ADNOCGAS.AD.
India signed a $3 billion LNG deal with the UAE on Monday, making it the UAE's top customer. ADNOC Gas will supply Hindustan Petroleum HPCL.NS with 0.5 million metric tons per year for 10 years as both countries move to deepen trade and defence ties.
Elsewhere, Abu Dhabi Islamic Bank ADIB.AD - the emirate's largest sharia-compliant lender - advanced 1.2%, ahead of its fourth-quarter earnings release due on Wednesday.
The Qatari index .QSI edged 0.1% higher, supported by a 1.3% rise in petrochemical maker Industries Qatar IQCD.QA. Qatar Gas Transport QGTS.QA added 0.8%, ahead of its earnings announcement later in the day.
Outside the Gulf, Egypt's blue-chip index .EGX30 advanced 1.9%, hitting a new record high.
Last week, the country received 1 billion euros from the European Union and is set to receive a total of 3 billion euros in two tranches in 2026, the International Cooperation Ministry said. The grant is part of a 5 billion euro ($5.87 billion) macro-financial assistance package from the EU.
Saudi Arabia | .TASI finished flat at 10,912 |
Abu Dhabi | .FTFADGI added 0.3% to 10,196 |
Dubai | .DFMGI gained 0.5% to 6,375 |
Qatar | .QSI rose 0.1% to 11,220 |
Egypt | .EGX30 climbed 1.9% to 45,905 |
Bahrain | .BAX was up 0.4% to 2,054 |
Oman | .MSX30 added 0.2% to 6,246 |
Kuwait | .BKP edged up 0.1% to 9,436 |
($1 = 0.8522 euros)
(Reporting by Ateeq Shariff in Bengaluru; Editing by Harikrishnan Nair and Vijay Kishore)
(([email protected]; +918061822788))
Updates to closing prices
By Ateeq Shariff
Jan 20 (Reuters) - Most Gulf stock markets closed higher on Tuesday, with Dubai ending at its strongest level in almost two decades, as investors looked ahead to earnings and absorbed softer oil prices.
Saudi stocks, however, were flat to slightly lower, weighed by profit-taking after the recent rally.
Dubai's main share index .DFMGI gained 0.5%, led by a 0.7% rise in blue-chip developer Emaar Properties EMAR.DU and a 0.8% increase in utility firm Dubai Electricity and Water Authority DEWAA.DU.
Further gains are possible if fourth-quarter earnings reports lift sentiment. Strong results could add momentum to a market that's already underpinned by healthy fundamentals and upbeat growth expectations for the year, said Daniel Takieddine, co-founder and CEO of Sky Links Capital Group.
Saudi Arabia's benchmark index .TASI concluded flat after a 3.3% rally last week triggered by the government's announcement that it would liberalise capital market access for foreign investors, starting next month.
Meanwhile, oil prices - a catalyst for the Gulf's financial markets - were steady as investors monitored U.S. President Donald Trump's tariff threats against European states opposing his push to acquire Greenland, while firmer global economic growth expectations and a weaker U.S. dollar gave a floor to prices.
According to Takieddine, cautious sentiment prevails as investors await upcoming fourth-quarter earnings reports following a few early releases. "Meanwhile, volatility in oil prices has slightly impacted sentiment, keeping the market's immediate direction unclear."
In Abu Dhabi, the index .FTFADGI rose 0.3%, helped by a 0.3% gain in ADNOC Gas ADNOCGAS.AD.
India signed a $3 billion LNG deal with the UAE on Monday, making it the UAE's top customer. ADNOC Gas will supply Hindustan Petroleum HPCL.NS with 0.5 million metric tons per year for 10 years as both countries move to deepen trade and defence ties.
Elsewhere, Abu Dhabi Islamic Bank ADIB.AD - the emirate's largest sharia-compliant lender - advanced 1.2%, ahead of its fourth-quarter earnings release due on Wednesday.
The Qatari index .QSI edged 0.1% higher, supported by a 1.3% rise in petrochemical maker Industries Qatar IQCD.QA. Qatar Gas Transport QGTS.QA added 0.8%, ahead of its earnings announcement later in the day.
Outside the Gulf, Egypt's blue-chip index .EGX30 advanced 1.9%, hitting a new record high.
Last week, the country received 1 billion euros from the European Union and is set to receive a total of 3 billion euros in two tranches in 2026, the International Cooperation Ministry said. The grant is part of a 5 billion euro ($5.87 billion) macro-financial assistance package from the EU.
Saudi Arabia | .TASI finished flat at 10,912 |
Abu Dhabi | .FTFADGI added 0.3% to 10,196 |
Dubai | .DFMGI gained 0.5% to 6,375 |
Qatar | .QSI rose 0.1% to 11,220 |
Egypt | .EGX30 climbed 1.9% to 45,905 |
Bahrain | .BAX was up 0.4% to 2,054 |
Oman | .MSX30 added 0.2% to 6,246 |
Kuwait | .BKP edged up 0.1% to 9,436 |
($1 = 0.8522 euros)
(Reporting by Ateeq Shariff in Bengaluru; Editing by Harikrishnan Nair and Vijay Kishore)
(([email protected]; +918061822788))
India, UAE agree to boost trade and defence ties, finalise LNG deal at leaders' meeting
NEW DELHI, Jan 19 (Reuters) - India and the United Arab Emirates agreed to double bilateral trade to $200 billion in six years and strengthen defence ties during talks between Prime Minister Narendra Modi and UAE President Sheikh Mohammed bin Zayed Al Nahyan held in New Delhi on Monday.
The two sides also witnessed the finalisation of a 10-year agreement for the supply of 0.5 million metric tons of LNG by Abu Dhabi state oil firm ADNOC to India's Hindustan Petroleum Corp Ltd HPCL.NS, India's Foreign Secretary Vikram Misri told reporters.
(Reporting by Shivam Patel in New Delhi
Editing by Tomasz Janowski)
(([email protected];))
NEW DELHI, Jan 19 (Reuters) - India and the United Arab Emirates agreed to double bilateral trade to $200 billion in six years and strengthen defence ties during talks between Prime Minister Narendra Modi and UAE President Sheikh Mohammed bin Zayed Al Nahyan held in New Delhi on Monday.
The two sides also witnessed the finalisation of a 10-year agreement for the supply of 0.5 million metric tons of LNG by Abu Dhabi state oil firm ADNOC to India's Hindustan Petroleum Corp Ltd HPCL.NS, India's Foreign Secretary Vikram Misri told reporters.
(Reporting by Shivam Patel in New Delhi
Editing by Tomasz Janowski)
(([email protected];))
Asia Fuel Oil Tenders Summary-India's HPCL offers more HSFO for January
Jan 7 (Reuters) - For tenders of crude and other oil products, please click:
Crude CRU/TENDA Naphtha NAP/TENDA Gasoline MOG/TENDA Jet/Diesel MDIS/TENDA Fuel Oil FUEL/TENDA
OUTSTANDING SPOT TENDERS | |||||
ISSUER | GRADE | PORT | VOLUME | LAYCAN | REMARKS |
India/HPCL * | S: HSFO | Vizag | 33KT | Jan 20-22 | Closing Jan 8 |
(further updates recent tenders closed)
RECENT TENDERS CLOSED (SORTED BY LAYCAN) | |||||
ISSUER | GRADE | PORT | VOLUME | LAYCAN | REMARKS |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Sungai Pakning | 100KB | Jan 26-27 | - |
India/HPCL | S: HSFO | Mumbai | 33KT | Jan 25-27 | - |
Thailand/PTT | S: LSFO | Map Ta Phut | 35KT | Jan 22-24 | - |
Indonesia/Pertamina | S: Decant Oil | Balongan | 200KB | Jan 20-22 | |
Nigeria/Dangote | S: Fuel Oil (LSSR) | Lekki | 130KT | Jan 18-20 | - |
Pakistan/PARCO | S: HSFO (180cst; 3.5% S Max) | Karachi | 50KT | Jan 15-20 | BGN |
Vietnam/Nghi Son | S: Fuel Oil | Nghi Son | 10KT | Jan 12-14 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Dumai | 100KB | Jan 12-13 | - |
South Korea/S-Oil | S: Slurry | Onsan | 22KTx2 | Jan 10-14; Jan 27-31 | Shell |
Indonesia/Pertamina | S: Decant Oil | Cilacap | 100KB | Jan 10-14 | |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Sungai Pakning | 100KB | Jan 10-11 | - |
Taiwan/Formosa | S: Main Column Bottoms | Mailiao | 40KT | Jan 10-12 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Balikpapan | 200KBx5 | Jan 8-9; Jan 11-12; Jan 14-15; Jan 17-18; Jan 21-22 | - |
Indonesia/Pertamina | S: Marine Fuel Oil | Sungai Pakning | 200KB | Jan 6-7 | - |
India/HPCL | S: HSFO | Mumbai | 33KT | Jan 5-7 | - |
India/HPCL | S: HSFO | Vizag | 33KT | Dec 28-30 | - |
Thailand/PTT | S: HSFO | Sriracha | 18KT | Dec 27-31 | - |
Indonesia/Pertamina | S: Decant Oil | Balongan | 200KB | Dec 24-25 | - |
Thailand/PTT | S: LSFO | Map Ta Phut | 50KT | Dec 23-25 | Shell |
Taiwan/Formosa | S: Main Column Bottoms | Mailiao | 40KT | Dec 16-18 | - |
Pakistan/PARCO | S: HSFO (180cst; 3.5% S Max) | Karachi | 50KT | Dec 16-17 | - |
South Korea/S-Oil | S: Slurry | Onsan | 23KTx2 | Dec 14-18; Dec 27-31 | Shell |
South Korea/S-Oil | S: Vacuum Residue | Onsan | 40KT | Dec 14-18 | Shell |
India/BPCL | S: HSFO | Mumbai | 26KT | Dec 13-14 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Dumai | 200KB | Dec 12-13 | - |
Thailand/PTT | S: LSFO | Map Ta Phut | 35KT | Dec 10-12 | - |
Indonesia/Pertamina | S: Decant Oil | Balongan | 200KB | Dec 9-10 | - |
Nigeria/Dangote | S: Fuel Oil (LSSR) | Lekki | 130KT | Dec 8-10 | - |
Taiwan/CPC | S: CFB+LSFO | Keelung+Kaohsiung | 20KT+17.5KT | Dec 5-9 | - |
Taiwan/CPC | S: LSFO | Kaohsiung | 35KT | Dec 5-9 | Idemitsu |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Balikpapan | 200KBx5 | Dec 6-7; Dec 10-11; Dec 14-15; Dec 21-22; Dec 25-26 | Trafigura (Dec 14-15) |
Indonesia/Pertamina | S: Marine Fuel Oil | Sungai Pakning | 200KBx2 | Dec 5-6; Dec 13-14 | - |
India/HPCL | S: HSFO | Vizag | 33KT | Dec 3-5 | Vitol |
Vietnam/Nghi Son | S: HSFO (SRHSFO) | Nghi Son | 42KT | Dec 1-7 | - |
Taiwan/CPC | S: LSFO (0.3% S) | Keelung | 37KT | Dec 1-31 | - |
(Reporting by Jeslyn Lerh)
(([email protected];))
Jan 7 (Reuters) - For tenders of crude and other oil products, please click:
Crude CRU/TENDA Naphtha NAP/TENDA Gasoline MOG/TENDA Jet/Diesel MDIS/TENDA Fuel Oil FUEL/TENDA
OUTSTANDING SPOT TENDERS | |||||
ISSUER | GRADE | PORT | VOLUME | LAYCAN | REMARKS |
India/HPCL * | S: HSFO | Vizag | 33KT | Jan 20-22 | Closing Jan 8 |
(further updates recent tenders closed)
RECENT TENDERS CLOSED (SORTED BY LAYCAN) | |||||
ISSUER | GRADE | PORT | VOLUME | LAYCAN | REMARKS |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Sungai Pakning | 100KB | Jan 26-27 | - |
India/HPCL | S: HSFO | Mumbai | 33KT | Jan 25-27 | - |
Thailand/PTT | S: LSFO | Map Ta Phut | 35KT | Jan 22-24 | - |
Indonesia/Pertamina | S: Decant Oil | Balongan | 200KB | Jan 20-22 | |
Nigeria/Dangote | S: Fuel Oil (LSSR) | Lekki | 130KT | Jan 18-20 | - |
Pakistan/PARCO | S: HSFO (180cst; 3.5% S Max) | Karachi | 50KT | Jan 15-20 | BGN |
Vietnam/Nghi Son | S: Fuel Oil | Nghi Son | 10KT | Jan 12-14 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Dumai | 100KB | Jan 12-13 | - |
South Korea/S-Oil | S: Slurry | Onsan | 22KTx2 | Jan 10-14; Jan 27-31 | Shell |
Indonesia/Pertamina | S: Decant Oil | Cilacap | 100KB | Jan 10-14 | |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Sungai Pakning | 100KB | Jan 10-11 | - |
Taiwan/Formosa | S: Main Column Bottoms | Mailiao | 40KT | Jan 10-12 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Balikpapan | 200KBx5 | Jan 8-9; Jan 11-12; Jan 14-15; Jan 17-18; Jan 21-22 | - |
Indonesia/Pertamina | S: Marine Fuel Oil | Sungai Pakning | 200KB | Jan 6-7 | - |
India/HPCL | S: HSFO | Mumbai | 33KT | Jan 5-7 | - |
India/HPCL | S: HSFO | Vizag | 33KT | Dec 28-30 | - |
Thailand/PTT | S: HSFO | Sriracha | 18KT | Dec 27-31 | - |
Indonesia/Pertamina | S: Decant Oil | Balongan | 200KB | Dec 24-25 | - |
Thailand/PTT | S: LSFO | Map Ta Phut | 50KT | Dec 23-25 | Shell |
Taiwan/Formosa | S: Main Column Bottoms | Mailiao | 40KT | Dec 16-18 | - |
Pakistan/PARCO | S: HSFO (180cst; 3.5% S Max) | Karachi | 50KT | Dec 16-17 | - |
South Korea/S-Oil | S: Slurry | Onsan | 23KTx2 | Dec 14-18; Dec 27-31 | Shell |
South Korea/S-Oil | S: Vacuum Residue | Onsan | 40KT | Dec 14-18 | Shell |
India/BPCL | S: HSFO | Mumbai | 26KT | Dec 13-14 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Dumai | 200KB | Dec 12-13 | - |
Thailand/PTT | S: LSFO | Map Ta Phut | 35KT | Dec 10-12 | - |
Indonesia/Pertamina | S: Decant Oil | Balongan | 200KB | Dec 9-10 | - |
Nigeria/Dangote | S: Fuel Oil (LSSR) | Lekki | 130KT | Dec 8-10 | - |
Taiwan/CPC | S: CFB+LSFO | Keelung+Kaohsiung | 20KT+17.5KT | Dec 5-9 | - |
Taiwan/CPC | S: LSFO | Kaohsiung | 35KT | Dec 5-9 | Idemitsu |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Balikpapan | 200KBx5 | Dec 6-7; Dec 10-11; Dec 14-15; Dec 21-22; Dec 25-26 | Trafigura (Dec 14-15) |
Indonesia/Pertamina | S: Marine Fuel Oil | Sungai Pakning | 200KBx2 | Dec 5-6; Dec 13-14 | - |
India/HPCL | S: HSFO | Vizag | 33KT | Dec 3-5 | Vitol |
Vietnam/Nghi Son | S: HSFO (SRHSFO) | Nghi Son | 42KT | Dec 1-7 | - |
Taiwan/CPC | S: LSFO (0.3% S) | Keelung | 37KT | Dec 1-31 | - |
(Reporting by Jeslyn Lerh)
(([email protected];))
Asia Fuel Oil Tenders Summary-India's HPCL offers HSFO for end-January
Jan 5 (Reuters) - For tenders of crude and other oil products, please click:
Crude CRU/TENDA Naphtha NAP/TENDA Gasoline MOG/TENDA Jet/Diesel MDIS/TENDA Fuel Oil FUEL/TENDA
OUTSTANDING SPOT TENDERS | |||||
ISSUER | GRADE | PORT | VOLUME | LAYCAN | REMARKS |
India/HPCL * | S: HSFO | Mumbai | 33KT | Jan 25-27 | Closing Jan 5 |
(further updates recent tenders closed)
RECENT TENDERS CLOSED (SORTED BY LAYCAN) | |||||
ISSUER | GRADE | PORT | VOLUME | LAYCAN | REMARKS |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Sungai Pakning | 100KB | Jan 26-27 | - |
Thailand/PTT | S: LSFO | Map Ta Phut | 35KT | Jan 22-24 | - |
Nigeria/Dangote | S: Fuel Oil (LSSR) | Lekki | 130KT | Jan 18-20 | - |
Pakistan/PARCO | S: HSFO (180cst; 3.5% S Max) | Karachi | 50KT | Jan 15-20 | - |
South Korea/S-Oil | S: Slurry | Onsan | 22KTx2 | Jan 10-14; Jan 27-31 | Shell |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Dumai | 100KB | Jan 12-13 | - |
Taiwan/Formosa | S: Main Column Bottoms | Mailiao | 40KT | Jan 10-12 | - |
Indonesia/Pertamina | S: Marine Fuel Oil | Sungai Pakning | 200KB | Jan 6-7 | - |
India/HPCL | S: HSFO | Mumbai | 33KT | Jan 5-7 | - |
India/HPCL | S: HSFO | Vizag | 33KT | Dec 28-30 | - |
Thailand/PTT | S: HSFO | Sriracha | 18KT | Dec 27-31 | - |
Indonesia/Pertamina | S: Decant Oil | Balongan | 200KB | Dec 24-25 | - |
Thailand/PTT | S: LSFO | Map Ta Phut | 50KT | Dec 23-25 | Shell |
Taiwan/Formosa | S: Main Column Bottoms | Mailiao | 40KT | Dec 16-18 | - |
Pakistan/PARCO | S: HSFO (180cst; 3.5% S Max) | Karachi | 50KT | Dec 16-17 | - |
South Korea/S-Oil | S: Slurry | Onsan | 23KTx2 | Dec 14-18; Dec 27-31 | Shell |
South Korea/S-Oil | S: Vacuum Residue | Onsan | 40KT | Dec 14-18 | Shell |
India/BPCL | S: HSFO | Mumbai | 26KT | Dec 13-14 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Dumai | 200KB | Dec 12-13 | - |
Thailand/PTT | S: LSFO | Map Ta Phut | 35KT | Dec 10-12 | - |
Indonesia/Pertamina | S: Decant Oil | Balongan | 200KB | Dec 9-10 | - |
Nigeria/Dangote | S: Fuel Oil (LSSR) | Lekki | 130KT | Dec 8-10 | - |
Taiwan/CPC | S: CFB+LSFO | Keelung+Kaohsiung | 20KT+17.5KT | Dec 5-9 | - |
Taiwan/CPC | S: LSFO | Kaohsiung | 35KT | Dec 5-9 | Idemitsu |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Balikpapan | 200KBx5 | Dec 6-7; Dec 10-11; Dec 14-15; Dec 21-22; Dec 25-26 | Trafigura (Dec 14-15) |
Indonesia/Pertamina | S: Marine Fuel Oil | Sungai Pakning | 200KBx2 | Dec 5-6; Dec 13-14 | - |
India/HPCL | S: HSFO | Vizag | 33KT | Dec 3-5 | Vitol |
Vietnam/Nghi Son | S: HSFO (SRHSFO) | Nghi Son | 42KT | Dec 1-7 | - |
Taiwan/CPC | S: LSFO (0.3% S) | Keelung | 37KT | Dec 1-31 | - |
(Reporting by Jeslyn Lerh)
(([email protected];))
Jan 5 (Reuters) - For tenders of crude and other oil products, please click:
Crude CRU/TENDA Naphtha NAP/TENDA Gasoline MOG/TENDA Jet/Diesel MDIS/TENDA Fuel Oil FUEL/TENDA
OUTSTANDING SPOT TENDERS | |||||
ISSUER | GRADE | PORT | VOLUME | LAYCAN | REMARKS |
India/HPCL * | S: HSFO | Mumbai | 33KT | Jan 25-27 | Closing Jan 5 |
(further updates recent tenders closed)
RECENT TENDERS CLOSED (SORTED BY LAYCAN) | |||||
ISSUER | GRADE | PORT | VOLUME | LAYCAN | REMARKS |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Sungai Pakning | 100KB | Jan 26-27 | - |
Thailand/PTT | S: LSFO | Map Ta Phut | 35KT | Jan 22-24 | - |
Nigeria/Dangote | S: Fuel Oil (LSSR) | Lekki | 130KT | Jan 18-20 | - |
Pakistan/PARCO | S: HSFO (180cst; 3.5% S Max) | Karachi | 50KT | Jan 15-20 | - |
South Korea/S-Oil | S: Slurry | Onsan | 22KTx2 | Jan 10-14; Jan 27-31 | Shell |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Dumai | 100KB | Jan 12-13 | - |
Taiwan/Formosa | S: Main Column Bottoms | Mailiao | 40KT | Jan 10-12 | - |
Indonesia/Pertamina | S: Marine Fuel Oil | Sungai Pakning | 200KB | Jan 6-7 | - |
India/HPCL | S: HSFO | Mumbai | 33KT | Jan 5-7 | - |
India/HPCL | S: HSFO | Vizag | 33KT | Dec 28-30 | - |
Thailand/PTT | S: HSFO | Sriracha | 18KT | Dec 27-31 | - |
Indonesia/Pertamina | S: Decant Oil | Balongan | 200KB | Dec 24-25 | - |
Thailand/PTT | S: LSFO | Map Ta Phut | 50KT | Dec 23-25 | Shell |
Taiwan/Formosa | S: Main Column Bottoms | Mailiao | 40KT | Dec 16-18 | - |
Pakistan/PARCO | S: HSFO (180cst; 3.5% S Max) | Karachi | 50KT | Dec 16-17 | - |
South Korea/S-Oil | S: Slurry | Onsan | 23KTx2 | Dec 14-18; Dec 27-31 | Shell |
South Korea/S-Oil | S: Vacuum Residue | Onsan | 40KT | Dec 14-18 | Shell |
India/BPCL | S: HSFO | Mumbai | 26KT | Dec 13-14 | - |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Dumai | 200KB | Dec 12-13 | - |
Thailand/PTT | S: LSFO | Map Ta Phut | 35KT | Dec 10-12 | - |
Indonesia/Pertamina | S: Decant Oil | Balongan | 200KB | Dec 9-10 | - |
Nigeria/Dangote | S: Fuel Oil (LSSR) | Lekki | 130KT | Dec 8-10 | - |
Taiwan/CPC | S: CFB+LSFO | Keelung+Kaohsiung | 20KT+17.5KT | Dec 5-9 | - |
Taiwan/CPC | S: LSFO | Kaohsiung | 35KT | Dec 5-9 | Idemitsu |
Indonesia/Pertamina | S: V-1250 LSWR (0.45% S max) | Balikpapan | 200KBx5 | Dec 6-7; Dec 10-11; Dec 14-15; Dec 21-22; Dec 25-26 | Trafigura (Dec 14-15) |
Indonesia/Pertamina | S: Marine Fuel Oil | Sungai Pakning | 200KBx2 | Dec 5-6; Dec 13-14 | - |
India/HPCL | S: HSFO | Vizag | 33KT | Dec 3-5 | Vitol |
Vietnam/Nghi Son | S: HSFO (SRHSFO) | Nghi Son | 42KT | Dec 1-7 | - |
Taiwan/CPC | S: LSFO (0.3% S) | Keelung | 37KT | Dec 1-31 | - |
(Reporting by Jeslyn Lerh)
(([email protected];))
Russia's Putin seeks to boost energy, defence exports with India visit
Putin aims to restore energy, defence ties hit by U.S. pressure
New Delhi was Russia's top seaborne oil buyer despite sanctions
Russia has supplied arms to India for decades
Adds SberBank details; paragraphs 11,12
By Nidhi Verma and Shivam Patel
NEW DELHI, Dec 2 (Reuters) - Russian President Vladimir Putin starts a two-day visit to India from Thursday, pitching for more sales of Russian oil, missile systems and fighter jets in a bid to restore energy and defence ties hit by U.S. pressure on the South Asian nation.
Russia has supplied arms to India for decades, with New Delhi emerging as its top buyer of seaborne oil despite Western sanctions after Moscow launched its invasion of Ukraine in February 2022.
But India's crude imports are set to hit a three-year low this month, after the tightening of sanctions on Russia that coincide with its growing purchases of U.S. oil and gas.
On his first visit in four years to the Indian capital for a summit with Prime Minister Narendra Modi, Putin will be accompanied by his defence minister, Andrei Belousov, and a wide-ranging delegation from business and industry.
"Putin's visit offers an opportunity for Delhi to reassert the strength of its special relationship with Moscow, despite recent developments, and make headway in new arms deals," said Michael Kugelman of the Atlantic Council think tank in Washington.
New initiatives were likely to be announced, he added, even if they mostly related to low-hanging fruit in ties.
THE TRUMP FACTOR
But Indian officials worry that any fresh energy and defence deals with Russia could trigger a reaction from U.S. President Donald Trump, who doubled tariffs to 50% in August on Indian goods, as punishment for New Delhi's purchases of Russian crude.
Ahead of Putin's visit, officials of both sides held talks in areas from defence to shipping and agriculture. In August, they agreed to launch talks for a free trade deal between India and the Russian-led Eurasian Economic Union.
They are also in talks to expand their partnership in civilian nuclear energy, Indian analysts have said.
Putin's delegation includes the chief executives of dominant Russian lender Sberbank SBER.MM and state arms exporter Rosoboronexport, as well as the heads of sanctioned oil firms Rosneft and GazpromNeft GZNPI.MM, an industry source with direct knowledge of the matter said.
Ahead of the visit, Sberbank said it was interested in investing in Indian infrastructure projects making use of rupees, in which a big chunk of two-way trade is settled.
India CEO Ivan Nosov said Sberbank was also extending rupee loans to Russian exporters and local units to boost Indian sales of Russian products.
Moscow is likely to seek India's help to get technical equipment for its oil assets, as sanctions have choked access to key suppliers, said the industry source and a separate Indian government source.
The spoke on condition of anonymity as the matter is a sensitive one.
India is likely to pitch for the restoration of a stake of 20% for state gas explorer ONGC Videsh Ltd in the Sakhalin-1 project in Russia's far east, the government source added.
India hopes to sign a U.S. trade deal by year end, as most of its refiners have stopped buying Russian oil, though widening discounts are now drawing in some state refiners.
The sources sought anonymity as they were not authorised to speak to media.
INDIA LOOKS TO RUSSIA FOR DEFENCE SPARES
Unlike crude, India does not plan to freeze defence ties with Moscow anytime soon as it requires support for the many Russian systems it operates, Defence Secretary Rajesh Kumar Singh said last week.
Russian Sukhoi-30 jets make up the majority of India's 29 fighter squadrons and Moscow has also offered its most advanced fighter, the Su-57, which is likely to figure in this week's talks, said two Indian officials familiar with the matter.
India has not yet made a decision on buying the jet, said the officials, who spoke on condition of anonymity.
But India is likely to discuss buying more units of the S-400 air defence system, Singh said last week.
Recent U.S.-Russia talks to end the Ukraine war could help make it easier for Indian officials to engage with Moscow, said Harsh Pant, head of foreign policy studies at India's Observer Research Foundation think tank, though ties appear strained.
"A large part of the trading relationship was based on energy, which is now losing traction under the threat of sanctions from the United States," he added.
"And at the end of the day, only defence remains, which continues to bind the two together."
(Reporting by Nidhi Verma and Shivam Patel; Editing by Clarence Fernandez)
(([email protected]; X: @nidhi712;))
Putin aims to restore energy, defence ties hit by U.S. pressure
New Delhi was Russia's top seaborne oil buyer despite sanctions
Russia has supplied arms to India for decades
Adds SberBank details; paragraphs 11,12
By Nidhi Verma and Shivam Patel
NEW DELHI, Dec 2 (Reuters) - Russian President Vladimir Putin starts a two-day visit to India from Thursday, pitching for more sales of Russian oil, missile systems and fighter jets in a bid to restore energy and defence ties hit by U.S. pressure on the South Asian nation.
Russia has supplied arms to India for decades, with New Delhi emerging as its top buyer of seaborne oil despite Western sanctions after Moscow launched its invasion of Ukraine in February 2022.
But India's crude imports are set to hit a three-year low this month, after the tightening of sanctions on Russia that coincide with its growing purchases of U.S. oil and gas.
On his first visit in four years to the Indian capital for a summit with Prime Minister Narendra Modi, Putin will be accompanied by his defence minister, Andrei Belousov, and a wide-ranging delegation from business and industry.
"Putin's visit offers an opportunity for Delhi to reassert the strength of its special relationship with Moscow, despite recent developments, and make headway in new arms deals," said Michael Kugelman of the Atlantic Council think tank in Washington.
New initiatives were likely to be announced, he added, even if they mostly related to low-hanging fruit in ties.
THE TRUMP FACTOR
But Indian officials worry that any fresh energy and defence deals with Russia could trigger a reaction from U.S. President Donald Trump, who doubled tariffs to 50% in August on Indian goods, as punishment for New Delhi's purchases of Russian crude.
Ahead of Putin's visit, officials of both sides held talks in areas from defence to shipping and agriculture. In August, they agreed to launch talks for a free trade deal between India and the Russian-led Eurasian Economic Union.
They are also in talks to expand their partnership in civilian nuclear energy, Indian analysts have said.
Putin's delegation includes the chief executives of dominant Russian lender Sberbank SBER.MM and state arms exporter Rosoboronexport, as well as the heads of sanctioned oil firms Rosneft and GazpromNeft GZNPI.MM, an industry source with direct knowledge of the matter said.
Ahead of the visit, Sberbank said it was interested in investing in Indian infrastructure projects making use of rupees, in which a big chunk of two-way trade is settled.
India CEO Ivan Nosov said Sberbank was also extending rupee loans to Russian exporters and local units to boost Indian sales of Russian products.
Moscow is likely to seek India's help to get technical equipment for its oil assets, as sanctions have choked access to key suppliers, said the industry source and a separate Indian government source.
The spoke on condition of anonymity as the matter is a sensitive one.
India is likely to pitch for the restoration of a stake of 20% for state gas explorer ONGC Videsh Ltd in the Sakhalin-1 project in Russia's far east, the government source added.
India hopes to sign a U.S. trade deal by year end, as most of its refiners have stopped buying Russian oil, though widening discounts are now drawing in some state refiners.
The sources sought anonymity as they were not authorised to speak to media.
INDIA LOOKS TO RUSSIA FOR DEFENCE SPARES
Unlike crude, India does not plan to freeze defence ties with Moscow anytime soon as it requires support for the many Russian systems it operates, Defence Secretary Rajesh Kumar Singh said last week.
Russian Sukhoi-30 jets make up the majority of India's 29 fighter squadrons and Moscow has also offered its most advanced fighter, the Su-57, which is likely to figure in this week's talks, said two Indian officials familiar with the matter.
India has not yet made a decision on buying the jet, said the officials, who spoke on condition of anonymity.
But India is likely to discuss buying more units of the S-400 air defence system, Singh said last week.
Recent U.S.-Russia talks to end the Ukraine war could help make it easier for Indian officials to engage with Moscow, said Harsh Pant, head of foreign policy studies at India's Observer Research Foundation think tank, though ties appear strained.
"A large part of the trading relationship was based on energy, which is now losing traction under the threat of sanctions from the United States," he added.
"And at the end of the day, only defence remains, which continues to bind the two together."
(Reporting by Nidhi Verma and Shivam Patel; Editing by Clarence Fernandez)
(([email protected]; X: @nidhi712;))
Indian refiners' October crude processing rises 6.8% from month earlier
Dec 1 (Reuters) - Indian refiners' crude throughput rose by 6.8% month-on-month in October to 5.50 million barrels per day (22.50 million metric tons), provisional government data showed on Monday.
Refinery throughput in September was at 5.15 million barrels per day (21.07 million metric tons).
On a year-on-year basis, refinery throughput gained 5.6% in October.
India's fuel consumption hit a five-month high in October, with demand rising 7.7% from September to 20.17 million metric tons, oil ministry data showed on Friday.
India's crude oil imports rose nearly 9% in October to 20.28 million metric tons month-on-month, their highest level since April, government data showed on Thursday.
The country is the world's third-biggest oil importer and consumer.
Indian refiners had paused purchases of Russian oil after Washington sanctioned two major Russian crude exporters, as they awaited government guidance and sought spot-market alternatives, industry sources said in late October.
On October 22, U.S. President Donald Trump imposed Ukraine-related sanctions on Russia's largest oil companies, Lukoil and Rosneft ROSN.MM.
However, top refiner Indian Oil Corp IOC.NS then bought five cargoes of Russian oil for December delivery from non-sanctioned entities, traders said, despite U.S. pressure on New Delhi to curb imports.
India's crude oil imports from Russia are expected to have risen slightly in October from a month earlier, according to preliminary ship-tracking data from Kpler and OilX.
India became the top buyer of seaborne Russian crude after Moscow's 2022 invasion, importing 1.9 million bpd in the first nine months of 2025, about 40% of Russia's exports, according to the International Energy Agency.
REFINERY PRODUCTION IN TERMS OF CRUDE THROUGHPUT (in 1,000 tons):
October 2025 | September 2025 | October 2024 | April-October 2025 | |
Actual | Actual | Actual | Actual | |
IOCL, Barauni | 557 | 426 | 576 | 3,637 |
IOCL, Koyali | 986 | 787 | 1,357 | 6,265 |
IOCL, Haldia | 641 | 705 | 364 | 5,022 |
IOCL, Mathura | 890 | 786 | 42 | 5,790 |
IOCL, Panipat | 1,413 | 1,264 | 1,353 | 9,295 |
IOCL, Guwahati | 109 | 100 | 110 | 751 |
IOCL, Digboi | 66 | 55 | 71 | 400 |
IOCL, Bongaigaon | 267 | 250 | 254 | 1,788 |
IOCL, Paradip | 1,401 | 1,271 | 1,273 | 9,676 |
CPCL, Manali | 760 | 904 | 705 | 6,754 |
BPCL, Mumbai | 1,351 | 1,359 | 1,419 | 9,429 |
BPCL, Kochi | 1,383 | 1,162 | 989 | 10,173 |
BPCL, Bina | 554 | 490 | 686 | 3,948 |
NRL, Numaligarh | 190 | 246 | 272 | 1,743 |
ONGC, Tatipaka | 6 | 6 | 6 | 44 |
MRPL, Mangalore | 1,544 | 1,387 | 1,486 | 9,353 |
HPCL, Mumbai | 706 | 847 | 879 | 5,766 |
HPCL, Visakh | 1,360 | 1,264 | 1,185 | 9,500 |
HMEL, Bathinda | 1,084 | 966 | 1,102 | 7,256 |
RIL, Jamnagar | 2,987 | 2,926 | 2,843 | 19,230 |
RIL, SEZ | 2,578 | 2,622 | 2,587 | 19,624 |
Nayara, Vadinar | 1,665 | 1,244 | 1,746 | 11,142 |
TOTAL | 22,500 | 21,067 | 21,304 | 156,585 |
Source: Ministry of Petroleum and Natural Gas
IOC: Indian Oil Corp IOC.NS
BPCL: Bharat Petroleum Corp Ltd BPCL.NS
HPCL: Hindustan Petroleum Corp Ltd HPCL.NS
CPCL: Chennai Petroleum Corp Ltd CHPC.NS
MRPL: Mangalore Refinery and Petrochemicals Ltd MRPL.NS
Reliance Industries Ltd RELI.NS
Please note that CPCL's CBR refinery is de-commissioned under shutdown due to limitation in meeting required product specifications with the existing configuration.
(Reporting by Pablo Sinha in Bengaluru;)
(([email protected];))
Dec 1 (Reuters) - Indian refiners' crude throughput rose by 6.8% month-on-month in October to 5.50 million barrels per day (22.50 million metric tons), provisional government data showed on Monday.
Refinery throughput in September was at 5.15 million barrels per day (21.07 million metric tons).
On a year-on-year basis, refinery throughput gained 5.6% in October.
India's fuel consumption hit a five-month high in October, with demand rising 7.7% from September to 20.17 million metric tons, oil ministry data showed on Friday.
India's crude oil imports rose nearly 9% in October to 20.28 million metric tons month-on-month, their highest level since April, government data showed on Thursday.
The country is the world's third-biggest oil importer and consumer.
Indian refiners had paused purchases of Russian oil after Washington sanctioned two major Russian crude exporters, as they awaited government guidance and sought spot-market alternatives, industry sources said in late October.
On October 22, U.S. President Donald Trump imposed Ukraine-related sanctions on Russia's largest oil companies, Lukoil and Rosneft ROSN.MM.
However, top refiner Indian Oil Corp IOC.NS then bought five cargoes of Russian oil for December delivery from non-sanctioned entities, traders said, despite U.S. pressure on New Delhi to curb imports.
India's crude oil imports from Russia are expected to have risen slightly in October from a month earlier, according to preliminary ship-tracking data from Kpler and OilX.
India became the top buyer of seaborne Russian crude after Moscow's 2022 invasion, importing 1.9 million bpd in the first nine months of 2025, about 40% of Russia's exports, according to the International Energy Agency.
REFINERY PRODUCTION IN TERMS OF CRUDE THROUGHPUT (in 1,000 tons):
October 2025 | September 2025 | October 2024 | April-October 2025 | |
Actual | Actual | Actual | Actual | |
IOCL, Barauni | 557 | 426 | 576 | 3,637 |
IOCL, Koyali | 986 | 787 | 1,357 | 6,265 |
IOCL, Haldia | 641 | 705 | 364 | 5,022 |
IOCL, Mathura | 890 | 786 | 42 | 5,790 |
IOCL, Panipat | 1,413 | 1,264 | 1,353 | 9,295 |
IOCL, Guwahati | 109 | 100 | 110 | 751 |
IOCL, Digboi | 66 | 55 | 71 | 400 |
IOCL, Bongaigaon | 267 | 250 | 254 | 1,788 |
IOCL, Paradip | 1,401 | 1,271 | 1,273 | 9,676 |
CPCL, Manali | 760 | 904 | 705 | 6,754 |
BPCL, Mumbai | 1,351 | 1,359 | 1,419 | 9,429 |
BPCL, Kochi | 1,383 | 1,162 | 989 | 10,173 |
BPCL, Bina | 554 | 490 | 686 | 3,948 |
NRL, Numaligarh | 190 | 246 | 272 | 1,743 |
ONGC, Tatipaka | 6 | 6 | 6 | 44 |
MRPL, Mangalore | 1,544 | 1,387 | 1,486 | 9,353 |
HPCL, Mumbai | 706 | 847 | 879 | 5,766 |
HPCL, Visakh | 1,360 | 1,264 | 1,185 | 9,500 |
HMEL, Bathinda | 1,084 | 966 | 1,102 | 7,256 |
RIL, Jamnagar | 2,987 | 2,926 | 2,843 | 19,230 |
RIL, SEZ | 2,578 | 2,622 | 2,587 | 19,624 |
Nayara, Vadinar | 1,665 | 1,244 | 1,746 | 11,142 |
TOTAL | 22,500 | 21,067 | 21,304 | 156,585 |
Source: Ministry of Petroleum and Natural Gas
IOC: Indian Oil Corp IOC.NS
BPCL: Bharat Petroleum Corp Ltd BPCL.NS
HPCL: Hindustan Petroleum Corp Ltd HPCL.NS
CPCL: Chennai Petroleum Corp Ltd CHPC.NS
MRPL: Mangalore Refinery and Petrochemicals Ltd MRPL.NS
Reliance Industries Ltd RELI.NS
Please note that CPCL's CBR refinery is de-commissioned under shutdown due to limitation in meeting required product specifications with the existing configuration.
(Reporting by Pablo Sinha in Bengaluru;)
(([email protected];))
Europe Gasoline/Naphtha-Gasoline cracks fall
LONDON, Nov 14 (Reuters) - Northwest European gasoline profit margins fell by $1.70 to $23.34 a barrel on Friday after rising in the previous session, despite concerns around supply shortages.
A total of 10,000 metric tons of Eurobob E5 gasoline barges traded as Equinor, Sahara and Trafigura sold to TotalEnergies, Varo, ExxonMobil and Shell.
No Eurobob E10 gasoline barges traded in the session.
China's Sinochem has shut one of the crude units at its Quanzhou site in southeastern China, following a fire incident on Thursday, trade sources said on Friday.
This in part led to Asia's gasoline profit margins GL92-SIN-CRK rallying to the highest level since August 2023.
Russia's Saratov oil refinery on the Volga river stopped primary oil refining on November 11 following Ukrainian drone attacks, two industry sources said. It produced 1.2 million tons of gasoline in 2024.
Its Black Sea port of Novorossiysk temporarily suspended oil exports — equivalent to 2% of global supply — according to industry sources, after a Ukrainian missile and drone attack.
Meanwhile, Britain paused sanctions that will allow Bulgaria's Burgas refinery and related petrol stations, owned by Russia's Lukoil LKOH.MM, to keep doing business with companies and banks until February 14.
The U.S. is expected to issue a similar licence regarding the Bulgarian entities later today, a source close to the matter told Reuters.
| Trade | Bid | Offer | Prev. | Seller | Buyer |
Ebob Barges MOC Platts E5 (fob ARA) EUROBOB-ARA |
|
|
|
|
|
|
Ebob Barges E10 Platts (fob ARA) |
|
|
|
|
|
|
Ebob Barges Argus E5 (fob ARA) | $735.50-$744.25 (10KT) |
|
| $748.25 (6KT) | Equinor, Sahara, Trafigura | TotalEnergies, Varo, ExxonMobil, Shell |
Ebob Barges E10 Argus (fob ARA) | $747.75 (3KT Assessed) |
|
| $748 (assessed) | ||
Dec. swap (fob ARA) | $673.00 |
|
| $667.25 |
|
|
Premium Unleaded (fob ARA) PU-10PP-ARA |
|
|
|
|
| |
Cargoes (fob MED) |
|
|
| |||
Cargoes (cif NWE) |
|
|
| |||
Naphtha (cif NWE) NAF-C-NWE |
|
|
|
Ebob crack (per barrel) | $24.34 | Prev. $26.04 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
(Reporting by Seher Dareen in London; Editing by Alan Barona)
(([email protected]; +44-7771341740;))
LONDON, Nov 14 (Reuters) - Northwest European gasoline profit margins fell by $1.70 to $23.34 a barrel on Friday after rising in the previous session, despite concerns around supply shortages.
A total of 10,000 metric tons of Eurobob E5 gasoline barges traded as Equinor, Sahara and Trafigura sold to TotalEnergies, Varo, ExxonMobil and Shell.
No Eurobob E10 gasoline barges traded in the session.
China's Sinochem has shut one of the crude units at its Quanzhou site in southeastern China, following a fire incident on Thursday, trade sources said on Friday.
This in part led to Asia's gasoline profit margins GL92-SIN-CRK rallying to the highest level since August 2023.
Russia's Saratov oil refinery on the Volga river stopped primary oil refining on November 11 following Ukrainian drone attacks, two industry sources said. It produced 1.2 million tons of gasoline in 2024.
Its Black Sea port of Novorossiysk temporarily suspended oil exports — equivalent to 2% of global supply — according to industry sources, after a Ukrainian missile and drone attack.
Meanwhile, Britain paused sanctions that will allow Bulgaria's Burgas refinery and related petrol stations, owned by Russia's Lukoil LKOH.MM, to keep doing business with companies and banks until February 14.
The U.S. is expected to issue a similar licence regarding the Bulgarian entities later today, a source close to the matter told Reuters.
| Trade | Bid | Offer | Prev. | Seller | Buyer |
Ebob Barges MOC Platts E5 (fob ARA) EUROBOB-ARA |
|
|
|
|
|
|
Ebob Barges E10 Platts (fob ARA) |
|
|
|
|
|
|
Ebob Barges Argus E5 (fob ARA) | $735.50-$744.25 (10KT) |
|
| $748.25 (6KT) | Equinor, Sahara, Trafigura | TotalEnergies, Varo, ExxonMobil, Shell |
Ebob Barges E10 Argus (fob ARA) | $747.75 (3KT Assessed) |
|
| $748 (assessed) | ||
Dec. swap (fob ARA) | $673.00 |
|
| $667.25 |
|
|
Premium Unleaded (fob ARA) PU-10PP-ARA |
|
|
|
|
| |
Cargoes (fob MED) |
|
|
| |||
Cargoes (cif NWE) |
|
|
| |||
Naphtha (cif NWE) NAF-C-NWE |
|
|
|
Ebob crack (per barrel) | $24.34 | Prev. $26.04 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
(Reporting by Seher Dareen in London; Editing by Alan Barona)
(([email protected]; +44-7771341740;))
Asia Crude Oil Tenders Summary-HPCL, MRPL buy 5 million barrels of U.S., Mideast oil
SINGAPORE, Nov 10 (Reuters) - For spot crude tender news stories please click.....CRU-O/TEND-O
For tenders on oil products please click:
Naphtha......NAP/TENDA Gasoline...MOG/TENDA
Jet/Diesel...MDIS/TENDA Fuel Oil...FUEL/TENDA
OUTSTANDING ASIA/MIDEAST CRUDE OIL TENDERS: (b = buys / s = sells)
* tender award, ** tender issue, *** further updates
COUNTRY/COMPANY | GRADE | VOLUME | CLOSE (VALID) | LOADING DATE |
TENDERS AWARD | GRADE | VOLUME | LOADING DATE | |
INDIA/HPCL | b: Murban | 2000KB | Jan arrival | |
INDIA/HPCL | b: WTI | 2000KB | Jan arrival | |
INDIA/MRPL | b: Basra Medium | 1000KB | Jan 1-7 delivery | |
INDIA/BPCL | b: Upper Zakum | 2000KB | ADNOC Trading | Dec loading |
KUWAIT/KPC | s: KHC | 800KB | Nov 15-16 loading | |
KUWAIT/KPC | s: Eocene | 500KB | Nov 18-19 loading | |
KUWAIT/KPC | s: KHC | 800KB | Nov 4-5 loading | |
KUWAIT/KPC | s: Eocene | 800KB | Oct 20 loading | |
INDIA/MRPL | b: Murban | 2000KB | Glencore | Dec arrival |
INDIA/IOC | b: Mondo, Utapate | 2000KB | ExxonMobil | Dec loading |
INDIA/ONGC Videsh | s: Nile Blend | 1000KB | Oct 10 | Nov 22-24 |
TAIWAN/CPC | b: WTI | 2*200KB | Jan arrival | |
QATAR/QATAR ENERGY | s: Qatar Land | 500KB | SK Energy at Dubai +$1 a barrel | |
QATAR/QATAR ENERGY | s: Qatar Marine | 500KB | PTT at Dubai-15 c | Dec loading |
QATAR/QATAR ENERGY | s:al-Shaheen | 2*500KB | Glencore, BP | Dec loading |
*QATAR/QATAR ENERGY | s: Qatar Land | 500KB | PTT Dubai+$2.40 a barrel | Nov arrival |
*QATAR/QATAR ENERGY | s: Qatar Marine | 500KB | PTT Dubai+ $2.20 a barrel | Nov arrival |
*QATAR/QATAR ENERGY | s: al-Shaheen | 3*500KB | Glencore, BP | Nov arrival |
INDIA/IOC | b: Khafji | 2000KB | ATC, Dubai+ about 50 cents | Dec delivery |
TAIWAN/CPC | b: WTI | 2000KB | Dec arrival | |
INDIA/IOC | b: WTI | 2000KB | Totsa dtd+$3.5 a barrel | Nov delivery |
QATAR/QATAR ENERGY | s: Qatar Land | 500KB | PTT Dubai+$2.40 a barrel | Nov arrival |
QATAR/QATAR ENERGY | s: Qatar Marine | 500KB | PTT Dubai+ $2.20 a barrel | Nov arrival |
QATAR/QATAR ENERGY | s: al-Shaheen | 3*500KB | Shell | Nov arrival |
INDIA/IOC | b: Agbami, Usan, Das | 3000KB | Shell, Totsa | late October, early November delivery |
INDIA/IOC | b: WTI | 5000KB | Gunvor, Equinor, Mercuria | October, November delivery |
INDIA/BPCL | b:WTI | 2000KB | ||
INDIA/RELIANCE | b: WTI | 2000KB | Vitol | |
*INDIA/HPCL | b: Jubilee, Escravos | 2000KB | Glencore | October arrival |
*INDIA/HPCL | b: Das | 2000KB | Mercuria | October arrival |
INDIA/MRPL | b:crude | 1000KB | NA | |
SUDAN/ONGC | s: Nile Blend | 1000KB | August 7 | Sept 24-26 |
INDIA/IOC | b: Mars, Sarir, Mesla, Sepia, Sururu | 5000KB | BP (Mars crude cargo at $1.5-$2 a barrel above September Dubai quotes), Petraco, Totsa | October arrival |
INDIA/IOC | b: WTI, WCS, Das | 7000 KB | P66, Equinor, Mercuria, Vitol, Trafigura | Sept-arrival |
INDIA/IOC | b:Murban, Agbami, Nemba | 3*1000 KB | BP, Chevron | |
INDIA/HPCL | b: Qua, Egina, Bonny | 2*2000 KB | ||
INDIA/MRPL | b: Azeri | 650K | Trafigura | September delivery |
QATAR/QATAR ENERGY | s: al-Shaheen | 5*500KB | Vitol, Idemitsu, PetroChina term price Dubai +$3.33 | Sept |
QATAR/QATAR ENERGY | s: Qatar Land | 500KB | PTT Dubai +$2.2-$2.3 | Sept |
QATAR/QATAR ENERGY | s: Qatar Marine | 500KB | PTT Dubai +$2.2-$2.3 | Sept |
INDIA/IOC | b: Umm Lulu | 1000KB | Totsa | |
TAIWAN/CPC | b: WTI | 2000KB | Oxy, Aug dtd +mid 5s | Sept arr |
QATAR/QATAR ENERGY | s: al-Shaheen | 5*500KB | Totsa term price Dubai +$2.48 | Aug 1-2, 2-3, 16-17, 24-25, 26-27 |
QATAR/QATAR ENERGY | s: Qatar Land | 500KB | Vitol | Aug |
QATAR/QATAR ENERGY | s: Qatar Marine | 500KB | Reliance | Aug |
INDONESIA/PERTAMINA | b: crude and condensate | 300 KB | NA | July 11-13 delivery |
INDONESIA/PERTAMINA | b: crude and condensate | 600 KB | NA | Aug 1-3 delivery |
TAIWAN/CPC | b: sweet | NA | Aug-arr | |
INDIA/BPCL | b: WTI | 1000 KB | NA | Aug-delivery |
TAIWAN/CPC | b: sweet | NA | Aug-arr | |
VIETNAM/PV OIL | s: Chim Sao | 300 KB | BSR at DTD+mid 5s | July |
QATAR/QATAR ENERGY | s: Qatar Marine | PetroChina at +1.1 to Dubai | July-loading | |
QATAR/QATAR ENERGY | s: Qatar Land | Unipec at +above 2 to Dubai | July-loading | |
QATAR/QATAR ENERGY | s: al-Shaheen | Unipec, Glencore, P66, Vitol, Exxon term price +1.63 to Dubai | July-loading | |
INDIA/HPCL | b: Murban | 2000KB | May 7 | July |
INDIA/ONGC Videsh | s: Nile | 600 KB | April 17 | May |
TAIWAN/CPC | b: Sweet crude | April 24 | July-arr | |
THAILAND/PTT | b: Sour crude | 2500 KB | 2 Murban cargoes from Vitol and Gunvor, 1 Das cargo from Shell and 1 Qatar Marine from Unipec | June-loading |
VIETNAM/PV OIL | s:Chim Sao | 300 KB | DTD + mid 5s | May |
QATAR/QATAR ENERGY | s: Qatar Marine | 500 KB | Unipec | June-loading |
QATAR/QATAR ENERGY | s: Qatar Land | 500 KB | Shell | June-loading |
QATAR/QATAR ENERGY | s: al-Shaheen | 4*500KB | Vitol, Exxon, Trafigura, +$1.68-1.75 to Dubai | June-loading |
*TAIWAN/CPC | b: WTI Midland | 2000 KB | Equinor DTD +$2.7-$2.8 C&F | June arr |
*VIETNAM/PV OIL | s: Chim Sao | 300KB | Bangchak DTD ard +$5.5 | May |
QATAR/QATAR ENERGY | s: Qatar Marine | 500 KB | Eneos Dubai +45c/b | May |
QATAR/QATAR ENERGY | s: Qatar Land | 500 KB | Shell Dubai +60c/b | May |
QATAR/QATAR ENERGY | s: al-shaheen | 5*500KB | CNOOC Dubai +1.3; Vitol (4 cargoes) Dubai +$1.17 | May 1-2,14-15,15-16,27-28,28-29 |
India/ONGC Videsh | s: Nile | 1000KB | NA | March |
India/MRPL | b: Sweet, sour crude | up to 2000KB | NA | Feb-delivery |
TAIWAN/CPC | b: WTI midland | 3*2000 KB | May-arr | |
QATAR/QATAR ENERGY | s: Qatar Marine | 500 KB | PTT | April-loading |
QATAR/QATAR ENERGY | s: Qatar Land | 500 KB | Vitol at +$2 to Dubai | April-loading |
QATAR/QATAR ENERGY | s: al-shaheen | 3*500KB | Glencore term price at +$3.50 to Dubai | Apri 1-2, 14-15, 24-25 |
INDIA/IOC | b: Sweet crude | 3*2000KB | Vitol, Shell, Equinor | April-delivery |
INDIA/IOC | b: Murban, Agbami, Akpo, Rabi Light, Nemba | 7000KB | Totsa, Shell, Chevron | |
TAIWAN/CPC | b: Sweet crude | 3*2000KB | Shell, Vitol, ATC at Mar at around $5 to March Dated | Apr arr |
VIETNAM/PV OIL | s: Chim Sao | Jan 15 | Mar | |
THAILAND/PTT | b: Murban | 2*500KB | around +$5 to Dubai | March-loading |
TAIWAN/CPC | b: WTI Midland | 3*2000 KB | Equnior, Chevron and ATC at Feb DTD + low-mid $2 C&F | Mar arr |
QATAR/QATAR ENERGY | s: al-Shaheen | 3*500KB | Dec 16 | Feb 1-2, 16-17, 23-24 |
QATAR/QATAR ENERGY | s: Qatar Land | 500KB | Dec 16 | Feb |
QATAR/QATAR ENERGY | s: Qatar Marine | 500KB | Dec 16 | Feb |
TAIWAN/CPC | b: Sweet crude | 2*2000KB | Trafigura, ATC Jan DTD +$3.1-$3.2 | Feb arr |
THAILAND/IRPC | b: Qatar Land | 500 KB | NA | Jan-loading |
THAILAND/IRPC | b: Murban | 5*500KB | Dubai +60-70 c/b | Jan-loading |
QATAR/QATAR ENERGY | s: al-Shaheen | 5*500KB | Eneos, Exxon, TotalEnergies, Unipec, 40 and 70 c/b to Dubai | Jan 1-2, 3-4, 16-17, 25-26, 26-27 |
QATAR/QATAR ENERGY | s: Qatar Land | 500KB | Shell, 10c/b to Dubai | Jan |
QATAR/QATAR ENERGY | s: Qatar Marine | 500KB | Shell, 10 c/b to Dubai | Jan |
OMAN/MEM | s: Oman | 1000KB | Unipec | Nov loading |
TAIWAN/CPC | b: WTI | 3*2000KB | Shell, ATC, Sinochem at Dec DTD +$2.9-$3.1 C&F | Jan arr |
TAIWAN/FORMOSA | b: Oman | 2*2000KB | Vitol, Shell Dubai+20-30 c/b | Jan arr |
THAILAND/IRPC | b: Murban crude | 500 KB | Gunvor Dubai+$1.60 | Dec |
THAILAND/IRPC | b: Qatar Marine | 1000 KB | Unipec small premium to OSP | Dec |
INDIA/IOC | b: WTI crude | 2*2000KB | Occidental, Mitsui DTD around +$3 C&F | Jan delivery |
(Reporting by Siyi Liu in Singapore)
(([email protected];))
SINGAPORE, Nov 10 (Reuters) - For spot crude tender news stories please click.....CRU-O/TEND-O
For tenders on oil products please click:
Naphtha......NAP/TENDA Gasoline...MOG/TENDA
Jet/Diesel...MDIS/TENDA Fuel Oil...FUEL/TENDA
OUTSTANDING ASIA/MIDEAST CRUDE OIL TENDERS: (b = buys / s = sells)
* tender award, ** tender issue, *** further updates
COUNTRY/COMPANY | GRADE | VOLUME | CLOSE (VALID) | LOADING DATE |
TENDERS AWARD | GRADE | VOLUME | LOADING DATE | |
INDIA/HPCL | b: Murban | 2000KB | Jan arrival | |
INDIA/HPCL | b: WTI | 2000KB | Jan arrival | |
INDIA/MRPL | b: Basra Medium | 1000KB | Jan 1-7 delivery | |
INDIA/BPCL | b: Upper Zakum | 2000KB | ADNOC Trading | Dec loading |
KUWAIT/KPC | s: KHC | 800KB | Nov 15-16 loading | |
KUWAIT/KPC | s: Eocene | 500KB | Nov 18-19 loading | |
KUWAIT/KPC | s: KHC | 800KB | Nov 4-5 loading | |
KUWAIT/KPC | s: Eocene | 800KB | Oct 20 loading | |
INDIA/MRPL | b: Murban | 2000KB | Glencore | Dec arrival |
INDIA/IOC | b: Mondo, Utapate | 2000KB | ExxonMobil | Dec loading |
INDIA/ONGC Videsh | s: Nile Blend | 1000KB | Oct 10 | Nov 22-24 |
TAIWAN/CPC | b: WTI | 2*200KB | Jan arrival | |
QATAR/QATAR ENERGY | s: Qatar Land | 500KB | SK Energy at Dubai +$1 a barrel | |
QATAR/QATAR ENERGY | s: Qatar Marine | 500KB | PTT at Dubai-15 c | Dec loading |
QATAR/QATAR ENERGY | s:al-Shaheen | 2*500KB | Glencore, BP | Dec loading |
*QATAR/QATAR ENERGY | s: Qatar Land | 500KB | PTT Dubai+$2.40 a barrel | Nov arrival |
*QATAR/QATAR ENERGY | s: Qatar Marine | 500KB | PTT Dubai+ $2.20 a barrel | Nov arrival |
*QATAR/QATAR ENERGY | s: al-Shaheen | 3*500KB | Glencore, BP | Nov arrival |
INDIA/IOC | b: Khafji | 2000KB | ATC, Dubai+ about 50 cents | Dec delivery |
TAIWAN/CPC | b: WTI | 2000KB | Dec arrival | |
INDIA/IOC | b: WTI | 2000KB | Totsa dtd+$3.5 a barrel | Nov delivery |
QATAR/QATAR ENERGY | s: Qatar Land | 500KB | PTT Dubai+$2.40 a barrel | Nov arrival |
QATAR/QATAR ENERGY | s: Qatar Marine | 500KB | PTT Dubai+ $2.20 a barrel | Nov arrival |
QATAR/QATAR ENERGY | s: al-Shaheen | 3*500KB | Shell | Nov arrival |
INDIA/IOC | b: Agbami, Usan, Das | 3000KB | Shell, Totsa | late October, early November delivery |
INDIA/IOC | b: WTI | 5000KB | Gunvor, Equinor, Mercuria | October, November delivery |
INDIA/BPCL | b:WTI | 2000KB | ||
INDIA/RELIANCE | b: WTI | 2000KB | Vitol | |
*INDIA/HPCL | b: Jubilee, Escravos | 2000KB | Glencore | October arrival |
*INDIA/HPCL | b: Das | 2000KB | Mercuria | October arrival |
INDIA/MRPL | b:crude | 1000KB | NA | |
SUDAN/ONGC | s: Nile Blend | 1000KB | August 7 | Sept 24-26 |
INDIA/IOC | b: Mars, Sarir, Mesla, Sepia, Sururu | 5000KB | BP (Mars crude cargo at $1.5-$2 a barrel above September Dubai quotes), Petraco, Totsa | October arrival |
INDIA/IOC | b: WTI, WCS, Das | 7000 KB | P66, Equinor, Mercuria, Vitol, Trafigura | Sept-arrival |
INDIA/IOC | b:Murban, Agbami, Nemba | 3*1000 KB | BP, Chevron | |
INDIA/HPCL | b: Qua, Egina, Bonny | 2*2000 KB | ||
INDIA/MRPL | b: Azeri | 650K | Trafigura | September delivery |
QATAR/QATAR ENERGY | s: al-Shaheen | 5*500KB | Vitol, Idemitsu, PetroChina term price Dubai +$3.33 | Sept |
QATAR/QATAR ENERGY | s: Qatar Land | 500KB | PTT Dubai +$2.2-$2.3 | Sept |
QATAR/QATAR ENERGY | s: Qatar Marine | 500KB | PTT Dubai +$2.2-$2.3 | Sept |
INDIA/IOC | b: Umm Lulu | 1000KB | Totsa | |
TAIWAN/CPC | b: WTI | 2000KB | Oxy, Aug dtd +mid 5s | Sept arr |
QATAR/QATAR ENERGY | s: al-Shaheen | 5*500KB | Totsa term price Dubai +$2.48 | Aug 1-2, 2-3, 16-17, 24-25, 26-27 |
QATAR/QATAR ENERGY | s: Qatar Land | 500KB | Vitol | Aug |
QATAR/QATAR ENERGY | s: Qatar Marine | 500KB | Reliance | Aug |
INDONESIA/PERTAMINA | b: crude and condensate | 300 KB | NA | July 11-13 delivery |
INDONESIA/PERTAMINA | b: crude and condensate | 600 KB | NA | Aug 1-3 delivery |
TAIWAN/CPC | b: sweet | NA | Aug-arr | |
INDIA/BPCL | b: WTI | 1000 KB | NA | Aug-delivery |
TAIWAN/CPC | b: sweet | NA | Aug-arr | |
VIETNAM/PV OIL | s: Chim Sao | 300 KB | BSR at DTD+mid 5s | July |
QATAR/QATAR ENERGY | s: Qatar Marine | PetroChina at +1.1 to Dubai | July-loading | |
QATAR/QATAR ENERGY | s: Qatar Land | Unipec at +above 2 to Dubai | July-loading | |
QATAR/QATAR ENERGY | s: al-Shaheen | Unipec, Glencore, P66, Vitol, Exxon term price +1.63 to Dubai | July-loading | |
INDIA/HPCL | b: Murban | 2000KB | May 7 | July |
INDIA/ONGC Videsh | s: Nile | 600 KB | April 17 | May |
TAIWAN/CPC | b: Sweet crude | April 24 | July-arr | |
THAILAND/PTT | b: Sour crude | 2500 KB | 2 Murban cargoes from Vitol and Gunvor, 1 Das cargo from Shell and 1 Qatar Marine from Unipec | June-loading |
VIETNAM/PV OIL | s:Chim Sao | 300 KB | DTD + mid 5s | May |
QATAR/QATAR ENERGY | s: Qatar Marine | 500 KB | Unipec | June-loading |
QATAR/QATAR ENERGY | s: Qatar Land | 500 KB | Shell | June-loading |
QATAR/QATAR ENERGY | s: al-Shaheen | 4*500KB | Vitol, Exxon, Trafigura, +$1.68-1.75 to Dubai | June-loading |
*TAIWAN/CPC | b: WTI Midland | 2000 KB | Equinor DTD +$2.7-$2.8 C&F | June arr |
*VIETNAM/PV OIL | s: Chim Sao | 300KB | Bangchak DTD ard +$5.5 | May |
QATAR/QATAR ENERGY | s: Qatar Marine | 500 KB | Eneos Dubai +45c/b | May |
QATAR/QATAR ENERGY | s: Qatar Land | 500 KB | Shell Dubai +60c/b | May |
QATAR/QATAR ENERGY | s: al-shaheen | 5*500KB | CNOOC Dubai +1.3; Vitol (4 cargoes) Dubai +$1.17 | May 1-2,14-15,15-16,27-28,28-29 |
India/ONGC Videsh | s: Nile | 1000KB | NA | March |
India/MRPL | b: Sweet, sour crude | up to 2000KB | NA | Feb-delivery |
TAIWAN/CPC | b: WTI midland | 3*2000 KB | May-arr | |
QATAR/QATAR ENERGY | s: Qatar Marine | 500 KB | PTT | April-loading |
QATAR/QATAR ENERGY | s: Qatar Land | 500 KB | Vitol at +$2 to Dubai | April-loading |
QATAR/QATAR ENERGY | s: al-shaheen | 3*500KB | Glencore term price at +$3.50 to Dubai | Apri 1-2, 14-15, 24-25 |
INDIA/IOC | b: Sweet crude | 3*2000KB | Vitol, Shell, Equinor | April-delivery |
INDIA/IOC | b: Murban, Agbami, Akpo, Rabi Light, Nemba | 7000KB | Totsa, Shell, Chevron | |
TAIWAN/CPC | b: Sweet crude | 3*2000KB | Shell, Vitol, ATC at Mar at around $5 to March Dated | Apr arr |
VIETNAM/PV OIL | s: Chim Sao | Jan 15 | Mar | |
THAILAND/PTT | b: Murban | 2*500KB | around +$5 to Dubai | March-loading |
TAIWAN/CPC | b: WTI Midland | 3*2000 KB | Equnior, Chevron and ATC at Feb DTD + low-mid $2 C&F | Mar arr |
QATAR/QATAR ENERGY | s: al-Shaheen | 3*500KB | Dec 16 | Feb 1-2, 16-17, 23-24 |
QATAR/QATAR ENERGY | s: Qatar Land | 500KB | Dec 16 | Feb |
QATAR/QATAR ENERGY | s: Qatar Marine | 500KB | Dec 16 | Feb |
TAIWAN/CPC | b: Sweet crude | 2*2000KB | Trafigura, ATC Jan DTD +$3.1-$3.2 | Feb arr |
THAILAND/IRPC | b: Qatar Land | 500 KB | NA | Jan-loading |
THAILAND/IRPC | b: Murban | 5*500KB | Dubai +60-70 c/b | Jan-loading |
QATAR/QATAR ENERGY | s: al-Shaheen | 5*500KB | Eneos, Exxon, TotalEnergies, Unipec, 40 and 70 c/b to Dubai | Jan 1-2, 3-4, 16-17, 25-26, 26-27 |
QATAR/QATAR ENERGY | s: Qatar Land | 500KB | Shell, 10c/b to Dubai | Jan |
QATAR/QATAR ENERGY | s: Qatar Marine | 500KB | Shell, 10 c/b to Dubai | Jan |
OMAN/MEM | s: Oman | 1000KB | Unipec | Nov loading |
TAIWAN/CPC | b: WTI | 3*2000KB | Shell, ATC, Sinochem at Dec DTD +$2.9-$3.1 C&F | Jan arr |
TAIWAN/FORMOSA | b: Oman | 2*2000KB | Vitol, Shell Dubai+20-30 c/b | Jan arr |
THAILAND/IRPC | b: Murban crude | 500 KB | Gunvor Dubai+$1.60 | Dec |
THAILAND/IRPC | b: Qatar Marine | 1000 KB | Unipec small premium to OSP | Dec |
INDIA/IOC | b: WTI crude | 2*2000KB | Occidental, Mitsui DTD around +$3 C&F | Jan delivery |
(Reporting by Siyi Liu in Singapore)
(([email protected];))
Europe Gasoline/Naphtha-Gasoline cracks hold steady
LONDON, Nov 3 (Reuters) - Northwest European gasoline profit margins were down just 2 cents a barrel at $16.49 on Monday.
A total of 8,000 metric tons of Eurobob E5 gasoline barges were traded as Varo and Equinor sold to TotalEnergies, Exxon and MB Energy.
Another 3,000 tons of Eurobob E10 gasoline barges changed hands with Trafigura selling to Varo.
Ukraine's military said on Monday it hit an oil refinery in Russia's Saratov region overnight, adding that a successful strike and resulting fire had been recorded on one of the refining facilities.
Turkey's largest oil refineries are buying more non-Russian oil in response to the latest Western sanctions on Russia, two people with direct knowledge of the matter and several industry sources told Reuters.
Nigeria's Dangote Petroleum Refinery, Africa's largest oil refinery, is ramping up output to meet national petrol and diesel demand, after the government approved a new import tariff on fuel aimed at protecting domestic production.
EU and UK gasoline and blending component exports to other regions averaged 923,000 bpd in October, according to Kpler data, compared with 948,000 bpd in September.
| Trade | Bid | Offer | Prev. | Seller | Buyer |
Ebob Barges MOC Platts E5 (fob ARA) EUROBOB-ARA |
|
|
|
|
|
|
Ebob Barges E10 Platts (fob ARA) |
|
|
|
|
|
|
Ebob Barges Argus E5 (fob ARA) | $680-$686.25 (8KT) |
|
| $685.25 (6KT) | Varo, Equinor | TotalEnergies, Exxon, MB Energy |
Ebob Barges E10 Argus (fob ARA) | $675.25 (3KT) |
|
| $672 (6KT) | Trafigura | Varo |
Dec. swap (fob ARA) | $646 |
|
| $660 (Nov) |
|
|
Premium Unleaded (fob ARA) PU-10PP-ARA |
|
|
|
|
|
|
Cargoes (fob MED) | flat | Balmo + $16 | ||||
Cargoes (cif NWE) |
|
|
| |||
Naphtha (cif NWE) NAF-C-NWE |
|
|
Ebob crack (per barrel) | $16.49 | Prev. $16.51 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
(Reporting by Seher Dareen in London; Editing by Sahal Muhammed)
(([email protected]; +44-7771341740;))
LONDON, Nov 3 (Reuters) - Northwest European gasoline profit margins were down just 2 cents a barrel at $16.49 on Monday.
A total of 8,000 metric tons of Eurobob E5 gasoline barges were traded as Varo and Equinor sold to TotalEnergies, Exxon and MB Energy.
Another 3,000 tons of Eurobob E10 gasoline barges changed hands with Trafigura selling to Varo.
Ukraine's military said on Monday it hit an oil refinery in Russia's Saratov region overnight, adding that a successful strike and resulting fire had been recorded on one of the refining facilities.
Turkey's largest oil refineries are buying more non-Russian oil in response to the latest Western sanctions on Russia, two people with direct knowledge of the matter and several industry sources told Reuters.
Nigeria's Dangote Petroleum Refinery, Africa's largest oil refinery, is ramping up output to meet national petrol and diesel demand, after the government approved a new import tariff on fuel aimed at protecting domestic production.
EU and UK gasoline and blending component exports to other regions averaged 923,000 bpd in October, according to Kpler data, compared with 948,000 bpd in September.
| Trade | Bid | Offer | Prev. | Seller | Buyer |
Ebob Barges MOC Platts E5 (fob ARA) EUROBOB-ARA |
|
|
|
|
|
|
Ebob Barges E10 Platts (fob ARA) |
|
|
|
|
|
|
Ebob Barges Argus E5 (fob ARA) | $680-$686.25 (8KT) |
|
| $685.25 (6KT) | Varo, Equinor | TotalEnergies, Exxon, MB Energy |
Ebob Barges E10 Argus (fob ARA) | $675.25 (3KT) |
|
| $672 (6KT) | Trafigura | Varo |
Dec. swap (fob ARA) | $646 |
|
| $660 (Nov) |
|
|
Premium Unleaded (fob ARA) PU-10PP-ARA |
|
|
|
|
|
|
Cargoes (fob MED) | flat | Balmo + $16 | ||||
Cargoes (cif NWE) |
|
|
| |||
Naphtha (cif NWE) NAF-C-NWE |
|
|
Ebob crack (per barrel) | $16.49 | Prev. $16.51 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
(Reporting by Seher Dareen in London; Editing by Sahal Muhammed)
(([email protected]; +44-7771341740;))
Europe Gasoline/Naphtha-Gasoline cracks dip
LONDON, Oct 30 (Reuters) - Northwest European gasoline profit margins dipped by about $1.91 a barrel to $16.44 on Thursday despite a fall in stockpiles.
A total of 19,000 metric tons of Eurobob E5 gasoline barges were traded as Exxon and Glencore sold to Trafigura, Varo and TotalEnergies.
Another 6,000 tons of Eurobob E10 gasoline barges in total changed hands with Trafigura selling to BP and Varo.
Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by around 8% on the week, data from Dutch consultancy Insights Global showed on Thursday.
Lukoil LKOH.MM said on Thursday it had accepted an offer from global commodity trader Gunvor to buy its foreign assets, which Russia's second-largest oil company is seeking to sell after Washington imposed sanctions on it last week.
Meanwhile, a ship carrying Russian naphtha has been stuck off India's western coast, unable to unload, since October 26 after U.S. sanctions on two key suppliers disrupted Indian oil and fuel imports, traders said and shipping data confirmed.
EU and UK gasoline and blending component exports to other regions have averaged 1.01 million bpd in October, according to preliminary Kpler data, compared with 928,000 bpd in September, making this month's exports potentially the highest since May this year.
| Trade | Bid | Offer | Prev. | Seller | Buyer |
Ebob Barges MOC Platts E5 (fob ARA) EUROBOB-ARA |
|
|
|
|
|
|
Ebob Barges E10 Platts (fob ARA) |
|
|
|
|
|
|
Ebob Barges Argus E5 (fob ARA) | $679-$690.5 (19KT) |
|
| $699.50 (10KT) | Glencore, ExxonMobil | Trafigura, TotalEnergies, Varo |
Ebob Barges E10 Argus (fob ARA) | $676-$677.50(6KT) |
|
| $694 (3KT) | Trafigura | Varo, BP |
Nov. swap (fob ARA) | $659.50 |
|
| $667 |
|
|
Premium Unleaded (fob ARA) PU-10PP-ARA |
|
|
|
|
|
|
Cargoes (fob MED) | Nov full month +$20 | Nov +$29 (Vasiliko) | TotalEnergies | BGN | ||
Cargoes (cif NWE) |
|
|
|
|
|
|
Naphtha (cif NWE) NAF-C-NWE | +$3 full Nov pricing |
| +$3.5 1-20 Nov pricing |
|
|
Ebob crack (per barrel) | $16.44 | Prev. $18.35 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
(Reporting by Seher Dareen in London; Editing by Shreya Biswas)
(([email protected]; +44-7771341740;))
LONDON, Oct 30 (Reuters) - Northwest European gasoline profit margins dipped by about $1.91 a barrel to $16.44 on Thursday despite a fall in stockpiles.
A total of 19,000 metric tons of Eurobob E5 gasoline barges were traded as Exxon and Glencore sold to Trafigura, Varo and TotalEnergies.
Another 6,000 tons of Eurobob E10 gasoline barges in total changed hands with Trafigura selling to BP and Varo.
Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by around 8% on the week, data from Dutch consultancy Insights Global showed on Thursday.
Lukoil LKOH.MM said on Thursday it had accepted an offer from global commodity trader Gunvor to buy its foreign assets, which Russia's second-largest oil company is seeking to sell after Washington imposed sanctions on it last week.
Meanwhile, a ship carrying Russian naphtha has been stuck off India's western coast, unable to unload, since October 26 after U.S. sanctions on two key suppliers disrupted Indian oil and fuel imports, traders said and shipping data confirmed.
EU and UK gasoline and blending component exports to other regions have averaged 1.01 million bpd in October, according to preliminary Kpler data, compared with 928,000 bpd in September, making this month's exports potentially the highest since May this year.
| Trade | Bid | Offer | Prev. | Seller | Buyer |
Ebob Barges MOC Platts E5 (fob ARA) EUROBOB-ARA |
|
|
|
|
|
|
Ebob Barges E10 Platts (fob ARA) |
|
|
|
|
|
|
Ebob Barges Argus E5 (fob ARA) | $679-$690.5 (19KT) |
|
| $699.50 (10KT) | Glencore, ExxonMobil | Trafigura, TotalEnergies, Varo |
Ebob Barges E10 Argus (fob ARA) | $676-$677.50(6KT) |
|
| $694 (3KT) | Trafigura | Varo, BP |
Nov. swap (fob ARA) | $659.50 |
|
| $667 |
|
|
Premium Unleaded (fob ARA) PU-10PP-ARA |
|
|
|
|
|
|
Cargoes (fob MED) | Nov full month +$20 | Nov +$29 (Vasiliko) | TotalEnergies | BGN | ||
Cargoes (cif NWE) |
|
|
|
|
|
|
Naphtha (cif NWE) NAF-C-NWE | +$3 full Nov pricing |
| +$3.5 1-20 Nov pricing |
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Ebob crack (per barrel) | $16.44 | Prev. $18.35 |
Brent futures | LCOc1 | |
Rbob | RBc1 | |
Rbob crack | RBc1-CLc1 | |
(Reporting by Seher Dareen in London; Editing by Shreya Biswas)
(([email protected]; +44-7771341740;))
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Popular questions
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What does HPCL do?
Hindustan Petroleum Corporation (HPCL)is one of the largest public sector enterprises under the administrativecontrol of the Ministry of Petroleum and Natural Gas, Government of India andcontinues to be accorded the prestigious ‘Maharatna’ status. HPCL has a robustpresence in the petroleum refining and marketing sector. The company caters toa vast consumer base across the country by supplying mobility fuels and LPGsolutions to households and continues to be the largest distributor ofindustrial and automotive lubricants in India. The company is also activelyengaged in the sale of bulk petroleum products. The Company leverages itsextensive pipeline network for transporting products across the country’slandscape. In addition, the company is steadily advancing its participation inthe natural gas sector. The company is expanding into the renewable energysector, with a continued focus on wind and solar power generation.
Who are the competitors of HPCL?
HPCL major competitors are MRPL, BPCL, Chennai Petrol. Corp, Indian Oil Corp., Reliance Industries. Market Cap of HPCL is ₹78,506 Crs. While the median market cap of its peers are ₹1,38,442 Crs.
Is HPCL financially stable compared to its competitors?
HPCL seems to be less financially stable compared to its competitors. Altman Z score of HPCL is 2.8 and is ranked 4 out of its 6 competitors.
Does HPCL pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. HPCL latest dividend payout ratio is 33.17% and 3yr average dividend payout ratio is 30.54%
How has HPCL allocated its funds?
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Inventory
How strong is HPCL balance sheet?
Balance sheet of HPCL is moderately strong, But short term working capital might become an issue for this company.
Is the profitablity of HPCL improving?
The profit is oscillating. The profit of HPCL is ₹14,846 Crs for TTM, ₹6,736 Crs for Mar 2025 and ₹16,015 Crs for Mar 2024.
Is the debt of HPCL increasing or decreasing?
The net debt of HPCL is decreasing. Latest net debt of HPCL is ₹57,913 Crs as of Sep-25. This is less than Mar-25 when it was ₹65,930 Crs.
Is HPCL stock expensive?
HPCL is not expensive. Latest PE of HPCL is 4.9, while 3 year average PE is 5.86. Also latest EV/EBITDA of HPCL is 4.9 while 3yr average is 5.41.
Has the share price of HPCL grown faster than its competition?
HPCL has given better returns compared to its competitors. HPCL has grown at ~13.74% over the last 10yrs while peers have grown at a median rate of 12.16%
Is the promoter bullish about HPCL?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in HPCL is 54.9% and last quarter promoter holding is 54.9%.
Are mutual funds buying/selling HPCL?
The mutual fund holding of HPCL is decreasing. The current mutual fund holding in HPCL is 16.66% while previous quarter holding is 18.46%.
