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India's biggest oil retailers are now focusing on rural revival


India’s biggest oil retailers are now focusing on rural revival
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Last Updated: Mar 01, 2021, 02:20 PM IST
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Bharat Petroleum and Hindustan Petroleum — two of the three biggest fuel retailers — both said they planned to raise the proportion of outlets they have in rural areas this year.
India is pinning its hopes on the agricultural sector to help the economy recover after its worst recession since the 1950s.
If there’s one part of India’s economy that’s been relatively unscathed by the devastating impact of Covid-19 it’s the vast rural hinterlands. And the country’s biggest fuel retailers are sitting up and taking notice.

Hindustan , India-general , India , Bharat , Mukesh-kumar-surana , Neeraj-akhoury , Bloomberg , Bharat-petroleum , Hindustan-petroleum , Bharat-petroleum-corp , Mahindra-ltd , Indian-oil-corp

HPCL, BPCL, RIL, IOC Gearing Up For Rural-Led Economic Rebound


Mar 02 2021, 5:08 PM
March 01 2021, 2:30 AM
March 02 2021, 5:08 PM
(Bloomberg) -- If there’s one part of India’s economy that’s been relatively unscathed by the devastating impact of Covid-19 it’s the vast rural hinterlands. And the country’s biggest fuel retailers are sitting up and taking notice.
(Bloomberg) -- If there’s one part of India’s economy that’s been relatively unscathed by the devastating impact of Covid-19 it’s the vast rural hinterlands. And the country’s biggest fuel retailers are sitting up and taking notice.
Stay-at-home orders first imposed from March last year had a disproportionate impact on India’s teeming cities, but in small towns and villages people mostly went about their business with fewer restrictions. A bumper agricultural crop and a splurge in government spending to pull the economy out of a slump is also expected to put more money into the hands of rural farmers and laborers.

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India's biggest oil retailers are focusing on rural revival - News for the Oil and Gas Sector

If there’s one part of India’s economy that’s been relatively unscathed by the devastating impact of Covid-19 it’s the vast rural hinterlands.

Hindustan , India-general , India , Bharat , Mukesh-kumar-surana , Neeraj-akhoury , Ambuja-cements-ltd , Bharat-petroleum , Mahindra-ltd , Hindustan-petroleum , Bharat-petroleum-corp , Indian-oil-corp

Indian biggest fuel retailers gearing up for rural-led economic rebound

Indian biggest fuel retailers gearing up for rural-led economic rebound
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OPEC+ Cuts And Covid Has India Eying Spot to Feed Lighter Diet


Publishing date: Feb 14, 2021  •  February 14, 2021  •  2 minute read  • 
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(Bloomberg) — India’s refiners are turning to spot oil from Africa and North America as long-term suppliers in the Middle East cut output and as demand for gasoline jumps amid the Covid-19 pandemic.
Spot crude imports into the world’s third-largest oil market will rise by 10% to 15% this year from 2020, according to industry consultant Facts Global Energy. The increased purchases are coming as India’s top suppliers, including Saudi Arabia and Iraq, curtail output as part of the OPEC+ pact.
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Why Oil Companies Are Eyeing Spot Crude From Africa, North America


Bharat Petroleum Corporation has increased the proportion of spot crude purchases to about 45 per cent
India's refiners are turning to spot oil from Africa and North America as long-term suppliers in the Middle East cut output and as demand for gasoline jumps amid the Covid-19 pandemic. Spot crude imports into the world's third-largest oil market will rise by 10 per cent to 15 per cent this year from 2020, according to industry consultant Facts Global Energy. The increased purchases are coming as India's top suppliers, including Saudi Arabia and Iraq, curtail output as part of the OPEC+ pact.
The shift underscores how other producers are benefiting from the cuts as consumption returns in markets like India. It's been especially good to exporters like the U.S. and Nigeria, whose crude produces more gasoline that's in high demand as the pandemic pushes people to private cars instead of public transport.

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OPEC+ cuts and covid has India eying spot crude to feed lighter diet


OPEC+ cuts and covid has India eying spot crude to feed lighter diet
The Organization of Petroleum Export Countries and partners like Russia began a record output cut of 9.7 million barrels a day last year after the coronavirus pandemic battered demand.Premium
2 min read
. Updated: 15 Feb 2021, 07:31 AM IST Bloomberg
Spot crude imports into the world’s third-largest oil market will rise by 10% to 15% this year from 2020, according to industry estimates
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India’s refiners are turning to spot oil from Africa and North America as long-term suppliers in the Middle East cut output and as demand for gasoline jumps amid the Covid-19 pandemic.

Hindustan , India-general , India , Saudi-arabia , Iraq , Nigeria , Russia , North-sea , Oceans-general , Oceans , Bharat , Mukesh-kumar-surana

Why India is buying more crude oil from Africa & North America and not Middle East

India's shift to exporters like US and Nigeria comes amid an increased demand for gasoline, as the pandemic pushes people to private cars instead of public transport.

Hindustan , India-general , India , Iraq , Mumbai , Maharashtra , Nigeria , United-states , Saudi-arabia , Ras-tanura , Ash-sharqiyah , Russia

India shifts oil imports from Middle East to Africa, North America due to OPEC cuts


India shifts oil imports from Middle East to Africa, North America due to OPEC cuts
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India shifts oil imports from Middle East to Africa, North America due to OPEC cutsBy Debjit Chakraborty, Saket Sundria, Bloomberg
Last Updated: Feb 15, 2021, 04:31 PM IST
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Middle East oil tends to yield more diesel, while crude from the North Sea, West Africa and US shale fields usually produce more LPG and gasoline. Crude imports from Nigeria in December jumped 68%, while U.S. oil purchases surged almost 77%.
Reuters
Spot crude imports into the world’s third-largest oil market will rise by 10 per cent to 15 per cent this year from 2020, according to industry consultant FGE.

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OPEC cuts, virus has India eying prompt imports of light oil

Spot crude imports into the world’s third-largest oil market will rise by 10% to 15% this year from 2020, according to industry consultant FGE.OPEC+ members are unlikely to change its production policy at their next meeting on March 4, and will probably agree to keep output steady in April

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