Saudi Arabia & Indian Oil Corporation
15 shared events · Importance 3 · Last updated Aug 23, 2026
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Domestic
Saudi Arabia: Saudi Arabia sets the Saudi Contract Price (CP), which is the global benchmark for LPG and directly influences India's import costs.
Indian Oil Corporation: Indian Oil Corporation>>> is one of the state-owned fuel retailers incurring significant losses on domestic LPG, petrol, and diesel sales due to elevated global energy costs and the government's policy of not fully passing on price increases to consumers.
Jun 06, 2026 · 78 articles
Business
Saudi Arabia: Saudi Arabia slashed August crude oil prices for Asia by $11 per barrel, a record cut, improving supply conditions and supporting the rupee.
Indian Oil Corporation: Indian Oil Corporation placed tenders to buy 7 million barrels of crude, indicating buying by Indian oil companies and supporting the US dollar.
Jun 25, 2026 · 31 articles
International
Saudi Arabia: Saudi Arabia has been targeted by Houthi threats and Iranian attacks, but continues oil exports via Red Sea ports.
Indian Oil Corporation: Indian Oil Corporation, along with other state refiners, plans to reduce Middle East oil reliance and diversify supply sources.
Apr 20, 2026 · 709 articles
Regulatory
Saudi Arabia: Saudi Arabia is a key LPG supplier; the shift may reduce its LPG exports to India.
Indian Oil Corporation: As a public-sector OMC, IOC is involved in LPG distribution and CGD, and may see shifts in its business mix.
Aug 23, 2026 · 8 articles
International
Saudi Arabia: Saudi Arabia is a supplier to India, with imports increasing in July as Persian Gulf shipments resumed, competing with Russian crude.
Indian Oil Corporation: Indian Oil's Vadinar SMPL terminal saw a 35% increase in Russian crude imports, contributing to India's record intake and benefiting from discounted supplies.
Aug 03, 2026 · 8 articles
International
Saudi Arabia: Saudi Arabia is affected by Houthi attacks on its oil infrastructure and vessels, impacting its energy exports and regional security.
Indian Oil Corporation: Indian Oil has secured crude supplies, mitigating impact of disruptions.
Aug 02, 2026 · 162 articles
Domestic
Saudi Arabia: Saudi Arabia is mentioned as a Gulf producer that directly subsidizes fuel, contrasting with India's approach.
Indian Oil Corporation: Indian Oil Corporation>>>, a state-owned fuel retailer, has increased fuel prices to recoup losses driven by higher crude costs due to geopolitical tensions. Its shares rose after the price hikes.
May 19, 2026 · 125 articles
International
Saudi Arabia: Saudi Arabia imported €328 million of Russian oil products, ranking fifth among buyers in December.
Indian Oil Corporation: Indian Oil Corporation (IOC) continues to purchase oil from non-sanctioned Russian entities, distinguishing its strategy from other Indian refiners.
Jan 13, 2026 · 10 articles
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