United States & Indian Oil Corporation
33 shared events · Importance 8 · Last updated Jul 02, 2026
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International
United States: The United States is a new supply source for India's oil diversification strategy, and its waivers for Russian oil have provided temporary relief to Indian refiners.
Indian Oil Corporation: Indian Oil Corporation, as one of India's state oil refiners, is a key player in the new strategy to diversify crude oil sources and is exploring partnerships for a trading desk.
Jun 30, 2026 · 6 articles
Regulatory
United States: The United States is mentioned as a party in the geopolitical tensions with Iran, which are cited as a cause for global petroleum supply chain disruptions, indirectly influencing India's fuel restrictions.
Indian Oil Corporation: Indian Oil Corporation, as a public sector oil marketing company, was directed to enforce the fuel sale restrictions and later resume normal supplies. It also absorbed losses to protect retail consumers.
Jun 11, 2026 · 101 articles
International
United States: The United States received €189 million of oil products refined from Russian crude by Indian and Turkish refineries, showing a 121% increase in exports to the USA.
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
Business
United States: Heightened tensions between the United States and Iran earlier in the year influenced global crude oil markets, indirectly affecting fuel prices in India.
Indian Oil Corporation: Indian Oil Corporation, a state-owned fuel retailer, has kept its petrol and diesel prices unchanged despite Nayara Energy's reductions. This could lead to a temporary disadvantage in price competitiveness compared to Nayara Energy.
Jul 01, 2026 · 25 articles
International
Indian Oil Corporation: Indian Oil Corporation, India's largest refiner, bought 2 million barrels of Iranian oil, its first purchase in seven years, and settled the payment through ICICI Bank using China — Renminbi. It does not plan further Iranian oil purchases.
Apr 17, 2026 · 9 articles
Domestic
Indian Oil Corporation: Indian Oil Corporation, a state-owned oil firm, is incurring significant losses due to the freeze in retail petrol and diesel prices despite rising global crude oil costs. It has, however, increased prices for commercial LPG and jet fuel.
May 01, 2026 · 10 articles
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