INDIA MAY LIFT REGULAR SAUDI OIL VOLUMES IN JUNE

HIGHLIGHTS

• India is offering to lift regular Saudi oil volumes in JUNE 2021.
• Some orders have been placed by Indian State refiners.

After reducing purchases this month, Indian state refiners have placed orders for regular supplies fr...

ONGC'S SHARE IN INDIA'S OIL AND GAS PRODUCTION JUMPS TO 70 PERCENT

HIGHLIGHTS

• In past ten years, ONGC's share in India's Oil & Gas production has jumped to 70%.
• Gas output from the block is expected to be profitable for ONGC.
• India is going to start a new pricing regime from 1 APR 2021.
...

US TO BLOCK PALM OIL IMPORTS FROM MALAYSIAN COMPANY FGV

Highlights

• FGV, based out of Malaysia is one of the largest crude palm oil producers in the world and has been facing allegations from rights groups over labour and human rights abuses since very long period of time

• This ban was the result of a year-long investig...

Korea braces for oil price hike amid US-Iran tension

The peaked tensions between US and Iran will likely force South Korea to lower its reliance on oil imports on the Middle East, based on industry watchers.

As the hostilities between the two countries continue to intensify over the weekend, it has resulted in soaring of oil prices and sa...

Indian finances to be affected by angered Modi

India is considering restricting imports of some products from Malaysia including palm oil which is the biggest import item, according to government and industry sources, in reaction to the Southeast Asian country’s leader criticizing New Delhi for its actions in Kashmir.

India is...