EnergyEnergy: changes to oil or gas supply can affect Gulf export revenue and Kuwait fuel costs.
India’s Top State Refiner to Reduce Middle East Term Oil Purchases
The News
Indian Oil Corporation, India's largest state-owned refiner, reportedly plans to slightly reduce the volumes of Middle East crude oil it buys through annual term contracts in the fiscal year beginning next March. The change was described by an anonymous source cited in the report, who linked the…
Earlier coverage
Earlier coverage on GreyNews
- Higher Oil Availability Pressures Middle East Crude BenchmarksOct 21, 2026 · OilPrice
- Stocks Rise With US Futures on AI Trade, Oil Gains: Markets WrapOct 20, 2026 · Bloomberg
- EU Stands Firm Against Arctic Oil and Gas Drilling Despite Energy CrisisOct 20, 2026 · OilPrice
- South Korean Oil Tanker Takes Red Sea DetourOct 20, 2026 · Hellenic Shipping News
- Chevron Moves to Take Over Russia's Most Prized Iraqi Oil FieldOct 20, 2026 · OilPrice
What we don't know yet
4 claims still need verification.
Listen to audio summary
0:00 / 0:00
How solid is this
1 source4 claims foundnot checked yet