Air India and Indian Oil Corporation Limited (IOCL) has signed a Memorandum of Understanding (MoU) for the supply of Sustainable Aviation Fuel (SAF). Under the MoU, the Tata Group company and IOCL have outlined their shared commitment to promote the adoption of low-carbon fuels in aviation, support global decarbonisation goals, and contribute to the transition…
Indian Oil Corporation (IOC), India’s largest oil company, placed orders for approximately 2 million barrels of US crude in August for October delivery, according to a foreign media report from Singapore, quoted by IANS. This marks part of a series of US oil deals amounting to around 2 million barrels for October delivery, following threats…
Indian oil refiners continue to procure crude oil from Russian suppliers despite recent speculations about a potential halt in purchases, sources told ANI. The decisions, they said, are primarily driven by pricing, crude grade, inventory levels, logistics, and other economic considerations. Russia, the world’s second-largest crude producer with an output of nearly 9.5 million barrels…