HINDUSTAN PETROLEUM CORP
India’s state-owned refiners seek to fully revive Russian crude buys despite US pressure
Despite US pressure, Indian state-owned oil refiners aim to revive discounted Russian crude purchases. However, a lack of available cargoes due to redirection to China and increased competition from other nations is hindering these plans. While India intends to continue buying Russian oil, imports have already decreased, and further declines are expected as China increases its intake.
BSE 500: 360 stocks sink in August, 65 crash in double-digits; KIOCL, Maruti & Godfrey Phillips shine up to 28%
BSE 500 slipped nearly 2% in August as Trump’s tariff moves and weak Q1 earnings spooked investors. FIIs pulled out nearly Rs 35,000 crore, dragging PSU, infrastructure, and energy stocks, while autos, consumer discretionary, and durables outperformed on GST reform optimism. PNB Housing Finance was the biggest loser as the counter slipped 24% in August while top returns of 28% was recorded by KIOCL.
India to ease Russian oil purchases as higher US levies loom
Facing increased pressure from Washington, Indian refiners, major buyers of Russian crude, plan to slightly reduce their purchases. This decision comes ahead of a US tariff hike and reflects a balancing act between economic interests and geopolitical considerations.
ONGC plans to set up trading unit for crude, refined fuels for group firms
India's ONGC is considering establishing a trading unit to manage the crude oil and refined fuels produced and imported by its group companies. An internal group has been created to explore the legal and logistical aspects of this plan. This unit aims to streamline the sales and procurement of approximately 100 million tonnes of oil controlled within the ONGC group.
Indian state refiners eye Russian oil as discounts rise ahead of Trump-Putin talks, sources say
Indian state refiners, including Indian Oil Corp, have resumed exploring purchases of Russia's Urals crude oil. This decision follows a widening of discounts, prompting renewed interest after a pause in purchases last month when discounts had narrowed. The move occurs ahead of a significant meeting between U.S. and Russian leaders, potentially influencing global oil market dynamics.
Reliance makes rare fuel oil purchase from HPCL, sources say
Reliance Industries, a major buyer of Russian oil, is now purchasing fuel oil from Hindustan Petroleum Corp. This shift occurs as India faces pressure from the U.S. regarding its energy relationship with Russia. Reliance bought two cargoes of fuel oil from HPCL recently. Russian fuel oil exports to India are expected to decrease this month.
- Go To Page 1
Government to ease petrol pump licensing norms, check details
The Indian government is considering further easing norms for setting up petrol pumps to boost energy security and promote decarbonization. An expert committee has been formed to review existing guidelines and align them with national commitments to alternative fuels and electric mobility.
Cabinet approves Rs 30,000 crore as compensation to OMCs for LPG losses
Union Minister Ashwini Vaishnaw announced a significant financial boost for oil marketing companies. The government will provide Rs 30,000 crore in budgetary support to address under-recoveries. This decision is driven by the current complex geopolitical landscape and the prevailing uncertainties in the oil and gas sector.
No direction from govt to buy or stop Russian oil intake: HPCL
Amidst rising US tariffs on India due to its Russian oil trade, Hindustan Petroleum Corp. Ltd. clarifies it has received no governmental directives to alter its Russian oil procurement. This statement follows market rumors suggesting state-owned oil refiners might reduce Russian crude oil spot purchases.
Trump’s punitive India tariff spoils PM Modi’s Russian oil math
Trump tariffs on India: The US decision to double tariffs on Indian goods due to Russian crude purchases has placed India in a difficult position, potentially disrupting its refining industry and straining relations with both Moscow and Washington. While India saved modestly on discounted Russian oil, its exports to the US are substantial.
India’s state refiners buy oil elsewhere after Russia pause as US adds pressure
Indian state-owned oil refiners are scaling back Russian crude purchases amid increased pressure from Washington, including tariffs on Indian exports. Companies like Indian Oil Corp. are pausing spot purchases of Urals cargoes for October loading, awaiting government guidance. This shift could lead to increased demand for alternative crude sources from the US, Middle East, and Africa.
India’s state refiners buy oil elsewhere after Russia pause
Indian state-owned oil refiners are scaling back Russian crude purchases amid increased pressure from Washington, including tariffs on Indian exports to the US. Companies like IOC, BPCL, and HPCL plan to skip spot purchases until further government guidance. This shift could lead to increased demand for US, Middle Eastern, and African crude as alternatives.
Stocks in news: LIC, SBI, Tata Motors, Titan, Airtel, Apollo Tyres
Indian equities experienced volatile trading before closing flat on expiry day. Several companies are in focus due to Q1 results: LIC reported a 5% profit increase, while BSE saw a 103% surge. Titan's profit grew by 34%, and Kalyan Jewellers by 49%. HPCL's profit jumped significantly by 1,128%.
Sensex falls over 400 pts, Nifty below 24,650 as Trump revives tariff threat over Russian oil imports
Indian benchmark indices Sensex and Nifty experienced a decline on Tuesday due to investor caution spurred by renewed tariff threats from U.S. President Trump regarding India's Russian oil imports. This decline occurred amidst ongoing selling pressure from foreign portfolio investors and ahead of the Reserve Bank of India's upcoming policy decision.
Indian Oil Corp buys 7 million barrels US, Mideast crude after Russian oil pause: report
Indian Oil Corporation has purchased seven million barrels of crude oil. The oil is sourced from the United States, Canada, and the Middle East. This purchase follows a pause in buying Russian crude due to narrowing discounts. The bought crude includes US West Texas Intermediate Midland, Canada's Western Canadian Select, and Abu Dhabi's Das oil.
Tankers deliver Russian crude to India despite US, EU pressure
Despite US pressure and potential punitive actions, India continues to import Russian crude oil. Several tankers discharged millions of barrels at Indian refineries over the weekend. This indicates that these deliveries are proceeding as usual. Refineries like Reliance and Nayara are key recipients, highlighting India's reliance on discounted Russian oil.
Q1 results this week: Bharti Airtel, Trent, BSE, Adani Ports, and LIC among 128 companies to announce earnings
India Inc's Q1 FY26 earnings season is in full swing, with 128 companies set to release their financial results this week. Key companies reporting include DLF, Adani Ports, Bharti Airtel, Lupin, and Bajaj Auto. Investors are keenly watching the performance of Trent, BSE, LIC, Sun TV Network, Titan, and Tata Motors amidst the ongoing earnings announcements.
India and Russia have a steady partnership, says govt after Trump's 'penalties' on New Delhi
India reaffirmed its steady, time-tested partnership with Russia after U.S. President Trump announced penalties and a 26% tariff on India for buying Russian oil and weapons. Trump criticized India’s high tariffs and mocked both economies, saying they could "go down together." Despite tensions, Russia continues to be India’s top oil supplier in recent months
Indian state refiners pause Russian oil purchases, sources say
Indian state refiners halt Russian oil purchases recently. This is due to shrinking discounts and warnings from U.S. President Donald Trump. Trump threatened tariffs on countries buying Russian oil. Private refiners continue purchases under existing deals. Refiners are now seeking alternative supplies from the Middle East and West Africa. Russia is currently India's top oil supplier.
Who’s most at risk from Trump’s 25% India tariffs
Trump's 25% tariff on Indian exports, effective August 1st, threatens sectors like gems, pharma, textiles and electronics. This move jeopardizes India's preferential trade status despite earlier talks, impacting $129.2 billion in two-way trade. The tariffs could inflate costs, delay shipments, and pressure various industries, potentially forcing companies like Apple to reconsider sourcing strategies.
India’s $68 billion question: How to trade with Russia without making America unhappy
India faces increasing pressure from the US over its robust trade ties with Russia, particularly regarding oil and military imports. New US tariffs, including a potential 500% levy for countries continuing to buy Russian energy, threaten India's exports. Simultaneously, the US is exploring energy cooperation with Pakistan, further complicating India's foreign policy challenges.
India oil refiners squeezed by anti-Russia push from US and EU
Indian refiners are facing pressure as the US and EU intensify efforts to curb Russian oil flows. President Trump announced a 25% tariff on Indian exports, criticizing its Russian imports. State-run refiners are rushing to secure alternative crude, including from the Middle East and West Africa. Rising prices, reduced Russian supply, and geopolitical uncertainties have added to their challenges.
Indian refiners look more widely for oil after EU’s Russia curbs
Indian oil refiners, the top buyers of Russian crude, are exploring alternative sources like Azerbaijan, Nigeria, and the UAE amid fresh EU sanctions on Moscow. While no major shift has occurred yet, purchases from less typical suppliers suggest early diversification. Sanctions on a Russian-linked Indian refiner and tightening global trade dynamics are prompting a reassessment of sourcing strategies.
Tanker with Russian oil for sanctions-hit Nayara Energy diverts to another Indian port, sources say
An oil tanker carrying Russian Urals crude, initially destined for Nayara Energy's Vadinar port in India, has been rerouted to Mundra port following EU sanctions on Nayara. Two tankers have also avoided loading refined products from Vadinar. The cargo of 700,000 barrels of Urals has been purchased by HPCL-Mittal Energy Ltd (HMEL) for its refinery.
Hindustan Petroleum seeks 10 LNG cargoes for March 2026-December 2027 delivery, sources say
Hindustan Petroleum Corp (HPCL) has launched a tender to procure 10 LNG cargoes for its Chhara import terminal. The deliveries are scheduled between March 2026 and December 2027, with specific monthly requirements outlined for certain months in both years. The tender is set to close on July 21, as the company aims to secure its LNG supply.
Nifty support levels at 24,900 seen crucial: Analysts
Nifty is near a key support level of 24,900. A break below could lead to further decline. Analysts suggest short positions in Nifty and select stocks. Profit-booking is advised around 24,500. A rally towards 25,200 presents selling opportunities. Buy-on-dips strategy is ideal. Aggressive longs should be considered above 25,550.
India aims to import about 10% of its cooking gas from US from 2026, say sources
India intends to diversify its LPG import sources, aiming to source 10% from the U.S. by 2026 to reduce its trade deficit with Washington. Currently, over 90% of India's LPG imports come from the Middle East. This shift is incentivized by China's tariffs on U.S. propane and India's plan to eliminate import tax on U.S. propane and butane.
Reliance & other Indian private refiners dominate buying of main Russia oil grade
India has purchased 80% of Russia’s seaborne Urals crude exports so far in 2025, with Reliance Industries and Nayara Energy accounting for 45% of total shipments, according to Kpler data. Reliance alone has bought 77 million barrels this year, making it the world’s largest Urals buyer.
HPCL reports net loss of Rs 325 crore in Q3
Hindustan Petroleum Corp Ltd (HPCL) today reported a net loss of Rs 325.38 crore in the December quarter due to inventory losses.
Load More
