The cargo will be shipped on a single very large crude carrier (VLCC), with IOC lifting around 1.5 million barrels and HPCL taking about 500,000 barrels ...

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Revealed: Why Adedeji urged Nigeria to rethink exports for lasting prosperity

Nigeria must diversify beyond crude oil to achieve sustainable economic growth, as Dr. Zacch Adedeji emphasises the importance of productive complexity in exports.

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Nayara future in doubt, India may continue oil negotiations with US

Uncertainty looms over Nayara refinery due to US sanctions on Russian oil, sparking potential ownership changes while India seeks to negotiate oil imports amid geopolitical tensions.

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India shifts to Africa, Middle East, and buys 6 million barrels of crude as strategy to diversify from Russia

India’s largest state-owned refiners have sharply increased purchases of crude oil from West Africa and the Middle East in a notable shift away from Russian supplies as New Delhi seeks to strengthen ...

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India curbs Russian oil imports as it moves closer to a US trade deal

Major Indian refiners avoid Russian crude deliveries in April, signaling a potential alignment with Washington amid ongoing trade talks ...

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