Ukraine crisis: IOC anticipates oil prices to remain above $ 100 / bbl in 2022

An Indian Oil finance executive said on Friday he expects oil prices to hold above $ 100 per barrel for the rest of 2022 amid the Ukraine crisis. Sandeep Kumar Gupta, director of finance at Indian Oil, also said at an industrial seminar he expects economic damage from the Russia-Ukraine conflict to contribute to a … Read more

Indian Oil excludes Russian Urals from latest tender: Report

Indian Oil Corp (IOC) has excluded several high-sulfur crude grades, including Russian Urals, from its latest tender, trade sources said on Tuesday. India’s top refiner informed market participants that Das, Eugene Island, Thunder Horse and Urals crude were no longer on the list of grades under its latest tender, which closes on Tuesday, the sources … Read more