HeyJaredRakesh Sharma
- Indexed articles, last 90 days
- 8
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- Oct 1, 2026
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- Jul 14, 2026
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India Oil Refiners Shift Tactics (opens the original)
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Indian oil refiners are hiring tankers to sail through the Strait of Hormuz to pick up crude from within the Persian Gulf, a change of tactics to help them cut costs and secure their supply chains. Processors have issued tenders and are negotiating with shipping lines, according to people familiar with their efforts. So far, Sinokor Group and Dynacom Tankers Management Ltd. have been awarded tenders, said the people, asking not to be named as they’re not authorized to speak to media. Shipping Co
Indian Refinery Builder Sees Mideast Orders Slow (opens the original)
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Engineers India Ltd. is seeing a slowdown in new orders for Middle East energy projects as continued US-Iran hostilities heighten security risks, forcing clients to delay investments and contracts. The war has impacted new and ongoing projects and is affecting order flow, Chairman Atul Gupta said. He expects contracts to pick up as Middle Eastern producers start investing in infrastructure to bypass disruptions through the Strait of Hormuz that have roiled global energy markets. “There has been
Top Indian Oil Producer to Build $736MM Strategic Reserves (opens the original)
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India’s biggest oil explorer, Oil and Natural Gas Corp., plans to build strategic crude reserves as the country seeks to strengthen its buffers against supply disruptions. The state-run producer will invest 70 billion rupees ($736 million) to develop underground storage in southern India able to hold about 13 million barrels of crude, Chairman Arun Kumar Singh told reporters in New Delhi on Monday. The land for the project has been acquired and construction will start soon, he said. The addition
Indian Refiners Widen Oil Search (opens the original)
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Indian refiners are scaling back buying of Russian crude from elevated levels, as Ukrainian attacks hurt flows from the nation’s top supplier. Given the pressure on Moscow’s crude exports, processors have been seeking alternative barrels from regions including West Africa and even the Americas, while also turning to Persian Gulf suppliers despite still-restricted flows through the Strait of Hormuz because of the US-Iran war. The shift in Indian processors’ buying patterns coincides with an expec
Indian Refiners in Panic Buying Mode (opens the original)
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Indian state-owned refiners are rushing to procure spot crude unusually far in advance as Ukrainian attacks on Russian energy assets and a stalemate over the Strait of Hormuz make supplies increasingly uncertain. Processors, including Indian Oil Corp. and Hindustan Petroleum Corp., have already tied up some supplies until October and are now seeking cargoes for as far ahead as November, according to people familiar with the matter. Typically, these companies buy spot supplies just a month or two
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