ONGC

SINGAPORE, Sept 11 (Reuters) - For tenders of crude and other oil products, please click:

Crude CRU/TENDA Naphtha NAP/TENDA Gasoline MOG/TENDA Jet/Diesel MDIS/TENDA Fuel Oil FUEL/TENDA

SPOT TENDERS
ISSUER	GRADE	PORT	VOLUME	LAYCAN	REMARKS
India/HPCL *	S: HSFO	Vizag	33KTx2	October 1-3; October 8-10	Close: September 11

(further updates recent tenders closed)

RECENT TENDERS CLOSED (SORTED BY LAYCAN)
ISSUER	GRADE	PORT	VOLUME	LAYCAN	REMARKS
Taiwan/Formosa	S: Pyrolysis Fuel Oil	Mailiao	10KT	October 11-15	-
Taiwan/CPC	B: LSFO	Keelung	36KT	October 1-31	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KBx2	September 24-25; September 29-30	-
India/MRPL	S: Fuel Oil	New Mangalore	30KT	September 25-26	P66
India/HPCL	S: HSFO	Mumbai; Vizag	33KTx2	September 24-26	E3
South Korea/S-Oil	S: Slurry	Onsan	20KT	September 24-28	-
Vietnam/Nghi Son	B: SRFO	Nghi Son	30-35KT	September 23-28	-
Taiwan/Formosa	S: LSFO	Mailiao	40KT	September 21-23	-
Nigeria/Dangote	S: Residual fuel	Lekki	130KT	September 20-22	-
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	September 20-22	Pertamina
India/BPCL	S: HSFO	Mumbai	29.5KT	September 19-20	E3
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Cilacap	200KB	September 17-18	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KB	September 17-18	-
India/HPCL	S: HSFO	Mumbai	33KT	September 11-13	-
Malaysia/PRefChem	S: Atmospheric Residue (LSSR)	Pengerang	500KB	September 8-9	-
Thailand/PTT	S: HSFO	Sriracha	25KTx2	September 7-9; September 23-25	-
South Korea/S-Oil	S: Light Cycle Oil	Onsan	270KBx2	September 6-9; September 28-30	-
India/IOC	S: HSFO	Chennai	27.5KT	September 5-10	E3
India/HPCL	S: HSFO	Mumbai	33KT	September 5-7	-
India/BPCL	S: HSFO	Mumbai	28.5KT	September 5-6	-
India/HPCL	S: HSFO	Vizag	33KTx2	August 30-September 1; September 5-7	Trafigura
South Korea/S-Oil	S: Slurry	Onsan	22KT	August 29-September 2	-
India/HPCL	S: HSFO	Vizag	33KT	August 29-31	-
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	August 29-31	-
India/MRPL	S: Fuel Oil	New Mangalore	30KT	August 26-27	-
India/BPCL	S: HSFO	Mumbai	28.5KT	August 24-25	Trafigura
Thailand/PTT	S: HSFO	Sriracha	25KT	August 23-25	Shell
Taiwan/Formosa	S: Pyrolysis Fuel Oil	Mailiao	11KT	August 22-26	-
Vietnam/Nghi Son	S: Fuel Oil	Nghi Son	10KT	August 21-23	-
Malaysia/PRefChem	S: Atmospheric Residue (LSSR)	Pengerang	500KBx2	August 21-22; August 30-31	Mercuria (August 30-31)
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	August 19-21	Pertamina
Nigeria/Dangote	S: Residual fuel	Lekki	130KT	August 18-20	-
India/HPCL	S: HSFO	Vizag	33KTx2	August 18-20; August 24-26	Trafigura (August 24-26)
Taiwan/CPC	S: Catalyst Fractionator Bottom	Keelung	23KT	August 15-19	-
India/HPCL	S: HSFO	Mumbai	33KT	August 15-17	ATC
India/BPCL	S: HSFO	Mumbai	27.5KT	August 15-16	E3
Malaysia/PRefChem	S: Atmospheric Residue (LSSR)	Pengerang	500KB	August 12-13	Pertamina
Indonesia/Pertamina	S: Decant Oil	Balongan	100KB	August 12-13	-
India/IOC	S: HSFO	Chennai	27.5KT	August 10-14	-
South Korea/S-Oil	S: Slurry	Onsan	22KT	August 6-10	-
Vietnam/Nghi Son	B: SRFO	Nghi Son	30-35KT	August 5-10	-
India/HPCL	S: HSFO	Mumbai	33KT	August 4-6	E3
India/HPCL	S: HSFO	Mumbai	33KT	August 2-3	ATC
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KBx3	August 2-3; August 7-8; August 17-18	-
Taiwan/CPC	B: LSFO	Keelung	36KT	August 1-31	-
India/HPCL	S: HSFO	Vizag	33KTx3	July 31-August 2; August 6-8; August 12-14	E3 (July 31-August 2)
Taiwan/Formosa	S: HSFO	Mailiao	40KT	July 31-August 2	-

(Reporting by Jeslyn Lerh)

Larsen And Toubro Wins Large Offshore Order From ONGC

Sep 09, 2026

Asia Fuel Oil Tenders Summary-Vietnam's Nghi Son seeks SRFO for September delivery

Sep 08, 2026

SINGAPORE, Sept 8 (Reuters) - For tenders of crude and other oil products, please click:

Crude CRU/TENDA Naphtha NAP/TENDA Gasoline MOG/TENDA Jet/Diesel MDIS/TENDA Fuel Oil FUEL/TENDA

SPOT TENDERS
ISSUER	GRADE	PORT	VOLUME	LAYCAN	REMARKS
Vietnam/Nghi Son *	B: SRFO	Nghi Son	30-35KT	Sep 23-28	Closing Sep 8

(further updates recent tenders closed)

RECENT TENDERS CLOSED (SORTED BY LAYCAN)
ISSUER	GRADE	PORT	VOLUME	LAYCAN	REMARKS
Taiwan/CPC	B: LSFO	Keelung	36KT	Oct 1-31	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KB	Sep 28-29	-
India/MRPL	S: Fuel Oil	New Mangalore	30KT	Sep 25-26	P66
India/HPCL	S: HSFO	Mumbai; Vizag	33KTx2	Sep 24-26	-
South Korea/S-Oil	S: Slurry	Onsan	20KT	Sep 24-28	-
Taiwan/Formosa	S: LSFO	Mailiao	40KT	Sep 21-23	-
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Sep 20-22	-
India/BPCL	S: HSFO	Mumbai	29.5KT	Sep 19-20	E3
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KB	Sep 17-18	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KB	Sep 17-18	-
India/HPCL	S: HSFO	Mumbai	33KT	Sep 11-13	-
Malaysia/PRefChem	S: Atmospheric Residue (LSSR)	Pengerang	500KB	Sep 8-9	-
Thailand/PTT	S: HSFO	Sriracha	25KTx2	Sep 7-9; Sep 23-25	-
South Korea/S-Oil	S: Light Cycle Oil	Onsan	270KBx2	Sep 6-9; Sep 28-30	-
India/IOC	S: HSFO	Chennai	27.5KT	Sep 5-10	E3
India/HPCL	S: HSFO	Mumbai	33KT	Sep 5-7	-
India/BPCL	S: HSFO	Mumbai	28.5KT	Sep 5-6	-
India/HPCL	S: HSFO	Vizag	33KTx2	Aug 30-Sep 1; Sep 5-7	Trafigura
South Korea/S-Oil	S: Slurry	Onsan	22KT	Aug 29-Sep 2	-
India/HPCL	S: HSFO	Vizag	33KT	Aug 29-31	-
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Aug 29-31	-
India/MRPL	S: Fuel Oil	New Mangalore	30KT	Aug 26-27	-
India/BPCL	S: HSFO	Mumbai	28.5KT	Aug 24-25	Trafigura
Thailand/PTT	S: HSFO	Sriracha	25KT	Aug 23-25	Shell
Taiwan/Formosa	S: Pyrolysis Fuel Oil	Mailiao	11KT	Aug 22-26	-
Vietnam/Nghi Son	S: Fuel Oil	Nghi Son	10KT	Aug 21-23	-
Malaysia/PRefChem	S: Atmospheric Residue (LSSR)	Pengerang	500KBx2	Aug 21-22; Aug 30-31	Mercuria (Aug 30-31)
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Aug 19-21	Pertamina
Nigeria/Dangote	S: Residual fuel	Lekki	130KT	Aug 18-20	-
India/HPCL	S: HSFO	Vizag	33KTx2	Aug 18-20; Aug 24-26	Trafigura (Aug 24-26)
Taiwan/CPC	S: Catalyst Fractionator Bottom	Keelung	23KT	Aug 15-19	-
India/HPCL	S: HSFO	Mumbai	33KT	Aug 15-17	ATC
India/BPCL	S: HSFO	Mumbai	27.5KT	Aug 15-16	E3
Malaysia/PRefChem	S: Atmospheric Residue (LSSR)	Pengerang	500KB	Aug 12-13	Pertamina
Indonesia/Pertamina	S: Decant Oil	Balongan	100KB	Aug 12-13	-
India/IOC	S: HSFO	Chennai	27.5KT	Aug 10-14	-
South Korea/S-Oil	S: Slurry	Onsan	22KT	Aug 6-10	-
Vietnam/Nghi Son	B: SRFO	Nghi Son	30-35KT	Aug 5-10	-
India/HPCL	S: HSFO	Mumbai	33KT	Aug 4-6	E3
India/HPCL	S: HSFO	Mumbai	33KT	Aug 2-3	ATC
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KBx3	Aug 2-3; Aug 7-8; Aug 17-18	-
Taiwan/CPC	B: LSFO	Keelung	36KT	Aug 1-31	-
India/HPCL	S: HSFO	Vizag	33KTx3	Jul 31-Aug 2; Aug 6-8; Aug 12-14	E3 (Jul 31-Aug 2)
Taiwan/Formosa	S: HSFO	Mailiao	40KT	Jul 31-Aug 2	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KB	Jul 29-30	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KB	Jul 29-30	-
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Jul 28-30	-
South Korea/S-Oil	S: Light Cycle Oil	Onsan	300KB	Jul 28-30	-
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Jul 26-28	Vitol
Taiwan/Formosa	S: Pyrolysis Fuel Oil	Mailiao	10KT	Jul 24-28	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KB	Jul 24-26	-
Vietnam/Nghi Son	S: Fuel Oil	Nghi Son	10KT	Jul 22-24	-
India/BPCL	S: HSFO	Mumbai	25KT	Jul 21-22	ATC
India/HPCL	S: HSFO	Mumbai	33KT	Jul 20-22	-
India/HPCL	S: HSFO	Vizag	33KTx2	Jul 19-21; Jul 25-27	E3 (Jul 19-21); Trafigura (Jul 25-27)
Thailand/PTT	S: HSFO	Sriracha	18KT; 25KT	Jul 13-17; Jul 27-31	Trafigura (Jul 13-17); Shell (Jul 27-31)
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Jul 13-15	-
Malaysia/PRefChem	S: Slurry	Pengerang	55KB	Jul 12-13	-
Taiwan/CPC	S: LSFO	Kaohsiung	44-60KT	Jul 11-15	-
Vietnam/Nghi Son	S: Fuel Oil	Nghi Son	10KT	Jul 10-12	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KBx2	Jul 10-11; Jul 29-30	-
India/MRPL	S: MFO	New Mangalore	30KT	Jul 9-10	-
South Korea/S-Oil	S: Slurry	Onsan	23KT	Jul 8-12	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KBx3	Jul 7-9; Jul 12-14; Jul 18-20	-
India/HPCL	S: HSFO	Mumbai	33KT	Jul 6-9	-
India/HPCL	S: HSFO	Vizag	33KTx2	Jul 6-8; Jul 13-15	Shell
India/BPCL	S: HSFO	Mumbai	25KT	Jul 3-6	-
Taiwan/CPC	S: LSFO	Kaohsiung	40KT	Jul 2-6	Idemitsu
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Jul 1-3	Vitol
India/HPCL	B: VGO	Vizag	33KT	Jul 1-15	-
Taiwan/CPC	B: LSFO	Keelung	36KT	Jul 1-31	-

(Reporting by Jeslyn Lerh)

SINGAPORE, Sept 8 (Reuters) - For tenders of crude and other oil products, please click:

Crude CRU/TENDA Naphtha NAP/TENDA Gasoline MOG/TENDA Jet/Diesel MDIS/TENDA Fuel Oil FUEL/TENDA

SPOT TENDERS
ISSUER	GRADE	PORT	VOLUME	LAYCAN	REMARKS
Vietnam/Nghi Son *	B: SRFO	Nghi Son	30-35KT	Sep 23-28	Closing Sep 8

(further updates recent tenders closed)

RECENT TENDERS CLOSED (SORTED BY LAYCAN)
ISSUER	GRADE	PORT	VOLUME	LAYCAN	REMARKS
Taiwan/CPC	B: LSFO	Keelung	36KT	Oct 1-31	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KB	Sep 28-29	-
India/MRPL	S: Fuel Oil	New Mangalore	30KT	Sep 25-26	P66
India/HPCL	S: HSFO	Mumbai; Vizag	33KTx2	Sep 24-26	-
South Korea/S-Oil	S: Slurry	Onsan	20KT	Sep 24-28	-
Taiwan/Formosa	S: LSFO	Mailiao	40KT	Sep 21-23	-
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Sep 20-22	-
India/BPCL	S: HSFO	Mumbai	29.5KT	Sep 19-20	E3
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KB	Sep 17-18	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KB	Sep 17-18	-
India/HPCL	S: HSFO	Mumbai	33KT	Sep 11-13	-
Malaysia/PRefChem	S: Atmospheric Residue (LSSR)	Pengerang	500KB	Sep 8-9	-
Thailand/PTT	S: HSFO	Sriracha	25KTx2	Sep 7-9; Sep 23-25	-
South Korea/S-Oil	S: Light Cycle Oil	Onsan	270KBx2	Sep 6-9; Sep 28-30	-
India/IOC	S: HSFO	Chennai	27.5KT	Sep 5-10	E3
India/HPCL	S: HSFO	Mumbai	33KT	Sep 5-7	-
India/BPCL	S: HSFO	Mumbai	28.5KT	Sep 5-6	-
India/HPCL	S: HSFO	Vizag	33KTx2	Aug 30-Sep 1; Sep 5-7	Trafigura
South Korea/S-Oil	S: Slurry	Onsan	22KT	Aug 29-Sep 2	-
India/HPCL	S: HSFO	Vizag	33KT	Aug 29-31	-
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Aug 29-31	-
India/MRPL	S: Fuel Oil	New Mangalore	30KT	Aug 26-27	-
India/BPCL	S: HSFO	Mumbai	28.5KT	Aug 24-25	Trafigura
Thailand/PTT	S: HSFO	Sriracha	25KT	Aug 23-25	Shell
Taiwan/Formosa	S: Pyrolysis Fuel Oil	Mailiao	11KT	Aug 22-26	-
Vietnam/Nghi Son	S: Fuel Oil	Nghi Son	10KT	Aug 21-23	-
Malaysia/PRefChem	S: Atmospheric Residue (LSSR)	Pengerang	500KBx2	Aug 21-22; Aug 30-31	Mercuria (Aug 30-31)
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Aug 19-21	Pertamina
Nigeria/Dangote	S: Residual fuel	Lekki	130KT	Aug 18-20	-
India/HPCL	S: HSFO	Vizag	33KTx2	Aug 18-20; Aug 24-26	Trafigura (Aug 24-26)
Taiwan/CPC	S: Catalyst Fractionator Bottom	Keelung	23KT	Aug 15-19	-
India/HPCL	S: HSFO	Mumbai	33KT	Aug 15-17	ATC
India/BPCL	S: HSFO	Mumbai	27.5KT	Aug 15-16	E3
Malaysia/PRefChem	S: Atmospheric Residue (LSSR)	Pengerang	500KB	Aug 12-13	Pertamina
Indonesia/Pertamina	S: Decant Oil	Balongan	100KB	Aug 12-13	-
India/IOC	S: HSFO	Chennai	27.5KT	Aug 10-14	-
South Korea/S-Oil	S: Slurry	Onsan	22KT	Aug 6-10	-
Vietnam/Nghi Son	B: SRFO	Nghi Son	30-35KT	Aug 5-10	-
India/HPCL	S: HSFO	Mumbai	33KT	Aug 4-6	E3
India/HPCL	S: HSFO	Mumbai	33KT	Aug 2-3	ATC
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KBx3	Aug 2-3; Aug 7-8; Aug 17-18	-
Taiwan/CPC	B: LSFO	Keelung	36KT	Aug 1-31	-
India/HPCL	S: HSFO	Vizag	33KTx3	Jul 31-Aug 2; Aug 6-8; Aug 12-14	E3 (Jul 31-Aug 2)
Taiwan/Formosa	S: HSFO	Mailiao	40KT	Jul 31-Aug 2	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KB	Jul 29-30	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KB	Jul 29-30	-
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Jul 28-30	-
South Korea/S-Oil	S: Light Cycle Oil	Onsan	300KB	Jul 28-30	-
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Jul 26-28	Vitol
Taiwan/Formosa	S: Pyrolysis Fuel Oil	Mailiao	10KT	Jul 24-28	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KB	Jul 24-26	-
Vietnam/Nghi Son	S: Fuel Oil	Nghi Son	10KT	Jul 22-24	-
India/BPCL	S: HSFO	Mumbai	25KT	Jul 21-22	ATC
India/HPCL	S: HSFO	Mumbai	33KT	Jul 20-22	-
India/HPCL	S: HSFO	Vizag	33KTx2	Jul 19-21; Jul 25-27	E3 (Jul 19-21); Trafigura (Jul 25-27)
Thailand/PTT	S: HSFO	Sriracha	18KT; 25KT	Jul 13-17; Jul 27-31	Trafigura (Jul 13-17); Shell (Jul 27-31)
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Jul 13-15	-
Malaysia/PRefChem	S: Slurry	Pengerang	55KB	Jul 12-13	-
Taiwan/CPC	S: LSFO	Kaohsiung	44-60KT	Jul 11-15	-
Vietnam/Nghi Son	S: Fuel Oil	Nghi Son	10KT	Jul 10-12	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KBx2	Jul 10-11; Jul 29-30	-
India/MRPL	S: MFO	New Mangalore	30KT	Jul 9-10	-
South Korea/S-Oil	S: Slurry	Onsan	23KT	Jul 8-12	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KBx3	Jul 7-9; Jul 12-14; Jul 18-20	-
India/HPCL	S: HSFO	Mumbai	33KT	Jul 6-9	-
India/HPCL	S: HSFO	Vizag	33KTx2	Jul 6-8; Jul 13-15	Shell
India/BPCL	S: HSFO	Mumbai	25KT	Jul 3-6	-
Taiwan/CPC	S: LSFO	Kaohsiung	40KT	Jul 2-6	Idemitsu
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Jul 1-3	Vitol
India/HPCL	B: VGO	Vizag	33KT	Jul 1-15	-
Taiwan/CPC	B: LSFO	Keelung	36KT	Jul 1-31	-

(Reporting by Jeslyn Lerh)

Chevron, ENI among firms set to sign energy pacts in Venezuela, sources say

Sep 02, 2026

Updates first and second paragraphs with additional companies planning on signing agreements, adds context in paragraphs 3-4, changes ONGC ticker symbol in second-to-last paragraph

Most pacts imply project expansions that have been in negotiation this year

Chevron to invest over $7 billion to double oil output to 600,000 bpd in five years

KEO Capital to operate Petrourdaneta project, provide $350 million credit

Primavera could gain access to at least three oil areas

By Marianna Parraga and Timothy Gardner

Sept 2 (Reuters) - Oil producers U.S. Chevron CVX.N, Italy's ENI ENI.MI and Colombia's Geopark GPRK.N are among the companies set to sign energy agreements in Venezuela as soon as Wednesday, three sources close to the preparations said.

Other companies planning to ink agreements include power company GE Vernova GEV.N, Denver-based oil service firm Aspect, along with investors KEO Capital KEOC.ST and Primavera, the sources said.

The deals are not linked to the controversial Caracas-Washington deal that gives the U.S. access to 17 large oilfields. Most of the pacts relate to project expansions that have been in negotiation with Venezuela's oil ministry and state oil company PDVSA as part of the migration of dozens of energy contracts to new terms under a sweeping oil reform approved in January.

Still, the flurry of signings represents the latest effort by private companies and governments to revive Venezuela's struggling oil industry, which currently produces about 1.25 million barrels per day, far short of its 3 million barrel-per-day peak reached in the late 1990s.

Most oil majors have eschewed major investment in the country for years, retreating after a 2007 nationalization. The industry has also faltered due to lack of investment, mismanagement and sanctions imposed by the U.S., which is now spearheading a $100 billion investment plan that officials say will double output in coming years.

CHEVRON TO INVEST $7 BILLION

U.S. oil major Chevron plans to invest more than $7 billion to more than double crude production in the OPEC country to about 600,000 barrels per day over the next five years, part of its strategy of expanding joint ventures with PDVSA, it said on Wednesday.

KEO Capital said in a release last week that one of its U.S. subsidiaries had reached an agreement for the Petrourdaneta oil joint venture with PDVSA, following the approval of its board, turning the company into the project's operator and including a $350 million credit facility.

ENI, which shares an offshore gas project with Repsol REP.MC and a shallow water oil project with PDVSA, is seeking to expand oil operations in Venezuela through a new area in the Orinoco Belt, according to separate sources.

The company told Reuters last week it was working with its Venezuelan counterparties to "support the revitalization of the country's energy sector." It declined to provide details.

Colombia-based Geopark and GE Vernova declined comment.

Primavera, an energy firm co-founded by billionaire Fred Ehrsam to invest in Venezuela that has been negotiating at least three oil areas, could not be reached immediately for comment.

Venezuela's Oil Minister Paula Henao and U.S. Secretary of Energy Chris Wright, who arrived in Caracas late on Tuesday, are expected to oversee the signing of the contracts, officials have said.

India's ONGC ONGS.NS has also progressed in negotiations with Venezuelan authorities, which could soon lead to contracts, but it is not expected to be signed at the same event, separate sources said.

ONGC did not reply to requests for comment.

(Reporting by Marianna Parraga in Houston and Tim Gardner in Washington; Editing by Aida Pelaez and David Gaffen)

(([email protected]; +1 713 371 7559; Reuters Messaging: @mariannaparraga))

Updates first and second paragraphs with additional companies planning on signing agreements, adds context in paragraphs 3-4, changes ONGC ticker symbol in second-to-last paragraph

Most pacts imply project expansions that have been in negotiation this year

Chevron to invest over $7 billion to double oil output to 600,000 bpd in five years

KEO Capital to operate Petrourdaneta project, provide $350 million credit

Primavera could gain access to at least three oil areas

By Marianna Parraga and Timothy Gardner

Other companies planning to ink agreements include power company GE Vernova GEV.N, Denver-based oil service firm Aspect, along with investors KEO Capital KEOC.ST and Primavera, the sources said.

CHEVRON TO INVEST $7 BILLION

The company told Reuters last week it was working with its Venezuelan counterparties to "support the revitalization of the country's energy sector." It declined to provide details.

Colombia-based Geopark and GE Vernova declined comment.

Primavera, an energy firm co-founded by billionaire Fred Ehrsam to invest in Venezuela that has been negotiating at least three oil areas, could not be reached immediately for comment.

Venezuela's Oil Minister Paula Henao and U.S. Secretary of Energy Chris Wright, who arrived in Caracas late on Tuesday, are expected to oversee the signing of the contracts, officials have said.

India's ONGC ONGS.NS has also progressed in negotiations with Venezuelan authorities, which could soon lead to contracts, but it is not expected to be signed at the same event, separate sources said.

ONGC did not reply to requests for comment.

(Reporting by Marianna Parraga in Houston and Tim Gardner in Washington; Editing by Aida Pelaez and David Gaffen)

(([email protected]; +1 713 371 7559; Reuters Messaging: @mariannaparraga))

Trump's oil deal with Venezuela raises red flags for some major producers, sources say

Sep 01, 2026

Repeats story published earlier

Venezuelan businessman's role in the deal is unsettling some oil firms, sources say

Oil majors' involvement needed to achieve goals, UBS says

Companies wary of directly competing with US government, sources say

By Sheila Dang and Marianna Parraga

HOUSTON, Aug 31 (Reuters) - An unprecedented deal for the U.S. to gain access to a fifth of Venezuela's oil reserves - and the central role a Venezuelan businessman will play - is prompting questions and hesitation from some oil companies evaluating potential investments in the country, sources familiar with the situation told Reuters.

A White House fact sheet released late on Monday outlined an arrangement under which private oil firm North American Blue Energy Partners (NABEP) would receive a 100-year lease for 17 oilfields in Venezuela holding some 65 billion barrels of oil reserves. The U.S. will take a 35% equity stake in the corporate parent company, receive a guaranteed 20% of the oil production and hold a right-of-first-refusal to purchase all of the remaining output.

NABEP is controlled by Venezuelan businessman Alejandro Betancourt, who has been the subject of investigations by U.S. and European authorities following past dealings with the Venezuelan government, although he was never charged. He has previously denied allegations against him.

"Oil majors and large foreign companies negotiating contract migrations want to make sure they will not be seated at the same table with Betancourt," said a person involved in preparations for an event where energy contracts are expected to be signed this week.

NABEP, which produces around 170,000 barrels of oil a day, did not immediately respond to a request for comment for this story. In an emailed company statement after the White House released details of the agreement, Betancourt said that the transaction would "unleash that potential to the great benefit of both Venezuelans and Americans."

"Mr. Betancourt has been in the Venezuelan oil industry for more than 15 years with a consistent track record of success, most recently at the helm of NABEP, where he rapidly scaled the company's production," the company said in the statement, adding it has a near-term goal of increasing production to more than 1 million barrels of oil per day.

Others may be more cautious, illustrating the uphill battle President Donald Trump faces to convince major U.S. oil companies, particularly ExxonMobil XOM.N and ConocoPhillips COP.N, to invest in Venezuela and quickly expand the country's oil production.

Both companies left Venezuela in 2007 after their assets were nationalized by the government of former President Hugo Chavez, and both have repeatedly said that their requirements of legal certainty and contract sanctity have not yet been met to reenter the country.

Trump told reporters on Monday that Exxon was among the companies going into Venezuela, without elaborating.

ExxonMobil declined to comment when asked about Trump's statement. A ConocoPhillips spokesperson referred to an earlier statement that said any investment decision would be guided by a number of factors, including policy stability and adherence to the rule of law.

U.S. GOVERNMENT COULD BECOME COMPETITOR

The planned structure and the massive assets NABEP could accumulate in the OPEC country are raising concerns that American oil companies could face competition from the U.S. government itself in Venezuela, the sources added.

That could add more obstacles to Trump's goal of increasing Venezuela's oil output and exports to boost U.S. reserves, said Alejo Czerwonko, chief investment officer of emerging markets for UBS.

"You would need sizable investment and know-how from the likes of Exxon and ConocoPhillips," he said. "How do you lure these companies into the country?"

"There's still a lot of unknowns and confusing elements," said Radhika Bansal, a senior vice president at Rystad Energy, in an interview earlier on Monday before the White House published details about the agreement.

There are, however, some deals getting done.

Chevron - the largest U.S. oil producer in Venezuela and which never left the country - along with Italy's Eni ENI.MI, India's ONGC, Colombia's GeoPark GPRK.N and U.S. GE Vernova GEV.N are on track to sign agreements for energy projects in Venezuela this week, Reuters reported on Monday.

Those deals, and others, including licenses recently granted to Shell SHEL.L and BP BP.L for major offshore gas projects, are separate from the U.S. endeavor with NABEP.

Most of those companies and dozens more have been in negotiations since the beginning of the year to migrate their existing contracts in Venezuela to new terms authorized in a sweeping energy reform, which also encourages project expansions.

Chevron is trying to add at least one new block in the vast Orinoco Belt to its portfolio and also aims to negotiate an area in Monagas North that could become a source of diluents for its extra-heavy oil output.

(Reporting by Sheila Dang and Marianna Parraga in Houston; Editing by Nathan Crooks and Jacqueline Wong)

(([email protected]; +1 646-983-0894))

Repeats story published earlier

Venezuelan businessman's role in the deal is unsettling some oil firms, sources say

Oil majors' involvement needed to achieve goals, UBS says

Companies wary of directly competing with US government, sources say

By Sheila Dang and Marianna Parraga

Trump told reporters on Monday that Exxon was among the companies going into Venezuela, without elaborating.

U.S. GOVERNMENT COULD BECOME COMPETITOR

That could add more obstacles to Trump's goal of increasing Venezuela's oil output and exports to boost U.S. reserves, said Alejo Czerwonko, chief investment officer of emerging markets for UBS.

"You would need sizable investment and know-how from the likes of Exxon and ConocoPhillips," he said. "How do you lure these companies into the country?"

There are, however, some deals getting done.

Those deals, and others, including licenses recently granted to Shell SHEL.L and BP BP.L for major offshore gas projects, are separate from the U.S. endeavor with NABEP.

(Reporting by Sheila Dang and Marianna Parraga in Houston; Editing by Nathan Crooks and Jacqueline Wong)

(([email protected]; +1 646-983-0894))

India's ONGC Executive Says ONGC Targets 18.87 Million T Oil In FY27, 20.34 Million T In FY29

Aug 31, 2026

Asia Fuel Oil Tenders Summary-Indonesia's Pertamina offers decant oil for September

Aug 24, 2026

SINGAPORE, Aug 24 (Reuters) - For tenders of crude and other oil products, please click:

Crude CRU/TENDA Naphtha NAP/TENDA Gasoline MOG/TENDA Jet/Diesel MDIS/TENDA Fuel Oil FUEL/TENDA

SPOT TENDERS
ISSUER	GRADE	PORT	VOLUME	LAYCAN	REMARKS
Indonesia/Pertamina *	S: Decant Oil	Balongan	200KB	Sep 17-18	Closing Aug 24

RECENT TENDERS CLOSED (SORTED BY LAYCAN)
ISSUER	GRADE	PORT	VOLUME	LAYCAN	REMARKS
Taiwan/Formosa	S: LSFO	Mailiao	40KT	Sep 21-23	-
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Sep 20-22	-
India/HPCL	S: HSFO	Mumbai	33KT	Sep 11-13	-
Thailand/PTT	S: HSFO	Sriracha	25KTx2	Sep 7-9; Sep 23-25	-
India/IOC	S: HSFO	Chennai	27.5KT	Sep 5-10	E3
India/HPCL	S: HSFO	Mumbai	33KT	Sep 5-7	-
India/BPCL	S: HSFO	Mumbai	28.5KT	Sep 5-6	-
India/HPCL	S: HSFO	Vizag	33KTx2	Aug 30-Sep 1; Sep 5-7	Trafigura
South Korea/S-Oil	S: Slurry	Onsan	22KT	Aug 29-Sep 2	-
India/HPCL	S: HSFO	Vizag	33KT	Aug 29-31	-
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Aug 29-31	-
India/BPCL	S: HSFO	Mumbai	28.5KT	Aug 24-25	Trafigura
Thailand/PTT	S: HSFO	Sriracha	25KT	Aug 23-25	Shell
Taiwan/Formosa	S: Pyrolysis Fuel Oil	Mailiao	11KT	Aug 22-26	-
Vietnam/Nghi Son	S: Fuel Oil	Nghi Son	10KT	Aug 21-23	-
Malaysia/PRefChem	S: Atmospheric Residue (LSSR)	Pengerang	500KBx2	Aug 21-22; Aug 30-31	Mercuria (Aug 30-31)
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Aug 19-21	Pertamina
Nigeria/Dangote	S: Residual fuel	Lekki	130KT	Aug 18-20	-
India/HPCL	S: HSFO	Vizag	33KTx2	Aug 18-20; Aug 24-26	Trafigura (Aug 24-26)
Taiwan/CPC	S: Catalyst Fractionator Bottom	Keelung	23KT	Aug 15-19	-
India/HPCL	S: HSFO	Mumbai	33KT	Aug 15-17	ATC
India/BPCL	S: HSFO	Mumbai	27.5KT	Aug 15-16	E3
Malaysia/PRefChem	S: Atmospheric Residue (LSSR)	Pengerang	500KB	Aug 12-13	Pertamina
Indonesia/Pertamina	S: Decant Oil	Balongan	100KB	Aug 12-13	-
India/IOC	S: HSFO	Chennai	27.5KT	Aug 10-14	-
South Korea/S-Oil	S: Slurry	Onsan	22KT	Aug 6-10	-
Vietnam/Nghi Son	B: SRFO	Nghi Son	30-35KT	Aug 5-10	-
India/HPCL	S: HSFO	Mumbai	33KT	Aug 4-6	E3
India/HPCL	S: HSFO	Mumbai	33KT	Aug 2-3	ATC
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KBx3	Aug 2-3; Aug 7-8; Aug 17-18	-
Taiwan/CPC	B: LSFO	Keelung	36KT	Aug 1-31	-
India/HPCL	S: HSFO	Vizag	33KTx3	Jul 31-Aug 2; Aug 6-8; Aug 12-14	E3 (Jul 31-Aug 2)
Taiwan/Formosa	S: HSFO	Mailiao	40KT	Jul 31-Aug 2	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KB	Jul 29-30	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KB	Jul 29-30	-
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Jul 28-30	-
South Korea/S-Oil	S: Light Cycle Oil	Onsan	300KB	Jul 28-30	-
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Jul 26-28	Vitol
Taiwan/Formosa	S: Pyrolysis Fuel Oil	Mailiao	10KT	Jul 24-28	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KB	Jul 24-26	-
Vietnam/Nghi Son	S: Fuel Oil	Nghi Son	10KT	Jul 22-24	-
India/BPCL	S: HSFO	Mumbai	25KT	Jul 21-22	ATC
India/HPCL	S: HSFO	Mumbai	33KT	Jul 20-22	-
India/HPCL	S: HSFO	Vizag	33KTx2	Jul 19-21; Jul 25-27	E3 (Jul 19-21); Trafigura (Jul 25-27)
Thailand/PTT	S: HSFO	Sriracha	18KT; 25KT	Jul 13-17; Jul 27-31	Trafigura (Jul 13-17); Shell (Jul 27-31)
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Jul 13-15	-
Malaysia/PRefChem	S: Slurry	Pengerang	55KB	Jul 12-13	-
Taiwan/CPC	S: LSFO	Kaohsiung	44-60KT	Jul 11-15	-
Vietnam/Nghi Son	S: Fuel Oil	Nghi Son	10KT	Jul 10-12	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KBx2	Jul 10-11; Jul 29-30	-
India/MRPL	S: MFO	New Mangalore	30KT	Jul 9-10	-
South Korea/S-Oil	S: Slurry	Onsan	23KT	Jul 8-12	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KBx3	Jul 7-9; Jul 12-14; Jul 18-20	-
India/HPCL	S: HSFO	Mumbai	33KT	Jul 6-9	-
India/HPCL	S: HSFO	Vizag	33KTx2	Jul 6-8; Jul 13-15	Shell
India/BPCL	S: HSFO	Mumbai	25KT	Jul 3-6	-
Taiwan/CPC	S: LSFO	Kaohsiung	40KT	Jul 2-6	Idemitsu
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Jul 1-3	Vitol
India/HPCL	B: VGO	Vizag	33KT	Jul 1-15	-
Taiwan/CPC	B: LSFO	Keelung	36KT	Jul 1-31	-

(Reporting by Jeslyn Lerh)

SINGAPORE, Aug 24 (Reuters) - For tenders of crude and other oil products, please click:

Crude CRU/TENDA Naphtha NAP/TENDA Gasoline MOG/TENDA Jet/Diesel MDIS/TENDA Fuel Oil FUEL/TENDA

SPOT TENDERS
ISSUER	GRADE	PORT	VOLUME	LAYCAN	REMARKS
Indonesia/Pertamina *	S: Decant Oil	Balongan	200KB	Sep 17-18	Closing Aug 24

RECENT TENDERS CLOSED (SORTED BY LAYCAN)
ISSUER	GRADE	PORT	VOLUME	LAYCAN	REMARKS
Taiwan/Formosa	S: LSFO	Mailiao	40KT	Sep 21-23	-
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Sep 20-22	-
India/HPCL	S: HSFO	Mumbai	33KT	Sep 11-13	-
Thailand/PTT	S: HSFO	Sriracha	25KTx2	Sep 7-9; Sep 23-25	-
India/IOC	S: HSFO	Chennai	27.5KT	Sep 5-10	E3
India/HPCL	S: HSFO	Mumbai	33KT	Sep 5-7	-
India/BPCL	S: HSFO	Mumbai	28.5KT	Sep 5-6	-
India/HPCL	S: HSFO	Vizag	33KTx2	Aug 30-Sep 1; Sep 5-7	Trafigura
South Korea/S-Oil	S: Slurry	Onsan	22KT	Aug 29-Sep 2	-
India/HPCL	S: HSFO	Vizag	33KT	Aug 29-31	-
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Aug 29-31	-
India/BPCL	S: HSFO	Mumbai	28.5KT	Aug 24-25	Trafigura
Thailand/PTT	S: HSFO	Sriracha	25KT	Aug 23-25	Shell
Taiwan/Formosa	S: Pyrolysis Fuel Oil	Mailiao	11KT	Aug 22-26	-
Vietnam/Nghi Son	S: Fuel Oil	Nghi Son	10KT	Aug 21-23	-
Malaysia/PRefChem	S: Atmospheric Residue (LSSR)	Pengerang	500KBx2	Aug 21-22; Aug 30-31	Mercuria (Aug 30-31)
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Aug 19-21	Pertamina
Nigeria/Dangote	S: Residual fuel	Lekki	130KT	Aug 18-20	-
India/HPCL	S: HSFO	Vizag	33KTx2	Aug 18-20; Aug 24-26	Trafigura (Aug 24-26)
Taiwan/CPC	S: Catalyst Fractionator Bottom	Keelung	23KT	Aug 15-19	-
India/HPCL	S: HSFO	Mumbai	33KT	Aug 15-17	ATC
India/BPCL	S: HSFO	Mumbai	27.5KT	Aug 15-16	E3
Malaysia/PRefChem	S: Atmospheric Residue (LSSR)	Pengerang	500KB	Aug 12-13	Pertamina
Indonesia/Pertamina	S: Decant Oil	Balongan	100KB	Aug 12-13	-
India/IOC	S: HSFO	Chennai	27.5KT	Aug 10-14	-
South Korea/S-Oil	S: Slurry	Onsan	22KT	Aug 6-10	-
Vietnam/Nghi Son	B: SRFO	Nghi Son	30-35KT	Aug 5-10	-
India/HPCL	S: HSFO	Mumbai	33KT	Aug 4-6	E3
India/HPCL	S: HSFO	Mumbai	33KT	Aug 2-3	ATC
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KBx3	Aug 2-3; Aug 7-8; Aug 17-18	-
Taiwan/CPC	B: LSFO	Keelung	36KT	Aug 1-31	-
India/HPCL	S: HSFO	Vizag	33KTx3	Jul 31-Aug 2; Aug 6-8; Aug 12-14	E3 (Jul 31-Aug 2)
Taiwan/Formosa	S: HSFO	Mailiao	40KT	Jul 31-Aug 2	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KB	Jul 29-30	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KB	Jul 29-30	-
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Jul 28-30	-
South Korea/S-Oil	S: Light Cycle Oil	Onsan	300KB	Jul 28-30	-
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Jul 26-28	Vitol
Taiwan/Formosa	S: Pyrolysis Fuel Oil	Mailiao	10KT	Jul 24-28	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KB	Jul 24-26	-
Vietnam/Nghi Son	S: Fuel Oil	Nghi Son	10KT	Jul 22-24	-
India/BPCL	S: HSFO	Mumbai	25KT	Jul 21-22	ATC
India/HPCL	S: HSFO	Mumbai	33KT	Jul 20-22	-
India/HPCL	S: HSFO	Vizag	33KTx2	Jul 19-21; Jul 25-27	E3 (Jul 19-21); Trafigura (Jul 25-27)
Thailand/PTT	S: HSFO	Sriracha	18KT; 25KT	Jul 13-17; Jul 27-31	Trafigura (Jul 13-17); Shell (Jul 27-31)
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Jul 13-15	-
Malaysia/PRefChem	S: Slurry	Pengerang	55KB	Jul 12-13	-
Taiwan/CPC	S: LSFO	Kaohsiung	44-60KT	Jul 11-15	-
Vietnam/Nghi Son	S: Fuel Oil	Nghi Son	10KT	Jul 10-12	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KBx2	Jul 10-11; Jul 29-30	-
India/MRPL	S: MFO	New Mangalore	30KT	Jul 9-10	-
South Korea/S-Oil	S: Slurry	Onsan	23KT	Jul 8-12	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KBx3	Jul 7-9; Jul 12-14; Jul 18-20	-
India/HPCL	S: HSFO	Mumbai	33KT	Jul 6-9	-
India/HPCL	S: HSFO	Vizag	33KTx2	Jul 6-8; Jul 13-15	Shell
India/BPCL	S: HSFO	Mumbai	25KT	Jul 3-6	-
Taiwan/CPC	S: LSFO	Kaohsiung	40KT	Jul 2-6	Idemitsu
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Jul 1-3	Vitol
India/HPCL	B: VGO	Vizag	33KT	Jul 1-15	-
Taiwan/CPC	B: LSFO	Keelung	36KT	Jul 1-31	-

(Reporting by Jeslyn Lerh)

Transocean wins $300 million ONGC contract for ultra-deepwater drillship Dhirubhai Deepwater KG2

Aug 20, 2026

Transocean won a two-year binding Letter of Award from ONGC for the Dhirubhai Deepwater KG2 drillship in India.
Work is expected to start in Q1 2027.
Contract value is about $300 million, including additional services and mobilization fees.
Two years of priced options could extend the job into early 2031.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Transocean Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608200614PRIMZONEFULLFEED9813422) on August 20, 2026, and is solely responsible for the information contained therein.

Transocean won a two-year binding Letter of Award from ONGC for the Dhirubhai Deepwater KG2 drillship in India.
Work is expected to start in Q1 2027.
Contract value is about $300 million, including additional services and mobilization fees.
Two years of priced options could extend the job into early 2031.

ONGC Developing Hook-Up Facilities To Connect More Jorhat Fields To North East Gas Grid

Aug 18, 2026

Asia Fuel Oil Tenders Summary-India's HPCL offers more HSFO for September

Aug 17, 2026

SINGAPORE, Aug 17 (Reuters) - For tenders of crude and other oil products, please click:

Crude CRU/TENDA Naphtha NAP/TENDA Gasoline MOG/TENDA Jet/Diesel MDIS/TENDA Fuel Oil FUEL/TENDA

SPOT TENDERS
ISSUER	GRADE	PORT	VOLUME	LAYCAN	REMARKS
India/HPCL *	S: HSFO	Mumbai	33KT	September 11-13	Closing August 18

(further updates recent tenders)

RECENT TENDERS CLOSED (SORTED BY LAYCAN)
ISSUER	GRADE	PORT	VOLUME	LAYCAN	REMARKS
India/IOC	S: HSFO	Chennai	27.5KT	September 5-7	E3
India/HPCL	S: HSFO	Vizag	33KTx2	August 30-September 1; September 5-7	Trafigura
India/HPCL	S: HSFO	Vizag	33KT	August 29-31	-
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	August 29-31	-
Thailand/PTT	S: HSFO	Sriracha	25KT	August 23-25	Shell
Taiwan/Formosa	S: Pyrolysis Fuel Oil	Mailiao	11KT	August 22-26	-
Vietnam/Nghi Son	S: Fuel Oil	Nghi Son	10KT	August 21-23	-
Malaysia/PRefChem	S: Atmospheric Residue (LSSR)	Pengerang	500KBx2	August 21-22; August 30-31	-
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	August 19-21	Pertamina
Nigeria/Dangote	S: Residual fuel	Lekki	130KT	August 18-20	-
Nigeria/Dangote	S: CBFS	Lekki	90KT	August 18-20	-
India/HPCL	S: HSFO	Vizag	33KTx2	August 18-20; August 24-26	Trafigura (August 24-26)
Taiwan/CPC	S: Catalyst Fractionator Bottom	Keelung	23KT	August 15-19	-
India/HPCL	S: HSFO	Mumbai	33KT	August 15-17	ATC
India/BPCL	S: HSFO	Mumbai	27.5KT	August 15-16	E3
Malaysia/PRefChem	S: Atmospheric Residue (LSSR)	Pengerang	500KB	August 12-13	Pertamina
Indonesia/Pertamina	S: Decant Oil	Balongan	100KB	August 12-13	-
India/IOC	S: HSFO	Chennai	27.5KT	August 10-14	-
South Korea/S-Oil	S: Slurry	Onsan	22KT	August 6-10	-
Vietnam/Nghi Son	B: SRFO	Nghi Son	30-35KT	August 5-10	-
India/HPCL	S: HSFO	Mumbai	33KT	August 4-6	E3
India/HPCL	S: HSFO	Mumbai	33KT	August 2-3	ATC
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KBx3	August 2-3; August 7-8; August 17-18	-
Taiwan/CPC	B: LSFO	Keelung	36KT	August 1-31	-
India/HPCL	S: HSFO	Vizag	33KTx3	July 31-August 2; August 6-8; August 12-14	E3 (July 31-August 2)
Taiwan/Formosa	S: HSFO	Mailiao	40KT	July 31-August 2	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KB	July 29-30	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KB	July 29-30	-
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	July 28-30	-
South Korea/S-Oil	S: Light Cycle Oil	Onsan	300KB	July 28-30	-
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	July 26-28	Vitol
Taiwan/Formosa	S: Pyrolysis Fuel Oil	Mailiao	10KT	July 24-28	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KB	July 24-26	-
Vietnam/Nghi Son	S: Fuel Oil	Nghi Son	10KT	July 22-24	-
India/BPCL	S: HSFO	Mumbai	25KT	July 21-22	ATC
India/HPCL	S: HSFO	Mumbai	33KT	July 20-22	-
India/HPCL	S: HSFO	Vizag	33KTx2	July 19-21; July 25-27	E3 (July 19-21); Trafigura (July 25-27)
Thailand/PTT	S: HSFO	Sriracha	18KT; 25KT	July 13-17; July 27-31	Trafigura (July 13-17); Shell (July 27-31)
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	July 13-15	-
Malaysia/PRefChem	S: Slurry	Pengerang	55KB	July 12-13	-
Taiwan/CPC	S: LSFO	Kaohsiung	44-60KT	July 11-15	-
Vietnam/Nghi Son	S: Fuel Oil	Nghi Son	10KT	July 10-12	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KBx2	July 10-11; July 29-30	-
India/MRPL	S: MFO	New Mangalore	30KT	July 9-10	-
South Korea/S-Oil	S: Slurry	Onsan	23KT	July 8-12	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KBx3	July 7-9; July 12-14; July 18-20	-
India/HPCL	S: HSFO	Mumbai	33KT	July 6-9	-
India/HPCL	S: HSFO	Vizag	33KTx2	July 6-8; July 13-15	Shell
India/BPCL	S: HSFO	Mumbai	25KT	July 3-6	-
Taiwan/CPC	S: LSFO	Kaohsiung	40KT	July 2-6	Idemitsu
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	July 1-3	Vitol
India/HPCL	B: VGO	Vizag	33KT	July 1-15	-
Taiwan/CPC	B: LSFO	Keelung	36KT	July 1-31	-

(Reporting by Jeslyn Lerh)

SINGAPORE, Aug 17 (Reuters) - For tenders of crude and other oil products, please click:

Crude CRU/TENDA Naphtha NAP/TENDA Gasoline MOG/TENDA Jet/Diesel MDIS/TENDA Fuel Oil FUEL/TENDA

SPOT TENDERS
ISSUER	GRADE	PORT	VOLUME	LAYCAN	REMARKS
India/HPCL *	S: HSFO	Mumbai	33KT	September 11-13	Closing August 18

(further updates recent tenders)

RECENT TENDERS CLOSED (SORTED BY LAYCAN)
ISSUER	GRADE	PORT	VOLUME	LAYCAN	REMARKS
India/IOC	S: HSFO	Chennai	27.5KT	September 5-7	E3
India/HPCL	S: HSFO	Vizag	33KTx2	August 30-September 1; September 5-7	Trafigura
India/HPCL	S: HSFO	Vizag	33KT	August 29-31	-
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	August 29-31	-
Thailand/PTT	S: HSFO	Sriracha	25KT	August 23-25	Shell
Taiwan/Formosa	S: Pyrolysis Fuel Oil	Mailiao	11KT	August 22-26	-
Vietnam/Nghi Son	S: Fuel Oil	Nghi Son	10KT	August 21-23	-
Malaysia/PRefChem	S: Atmospheric Residue (LSSR)	Pengerang	500KBx2	August 21-22; August 30-31	-
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	August 19-21	Pertamina
Nigeria/Dangote	S: Residual fuel	Lekki	130KT	August 18-20	-
Nigeria/Dangote	S: CBFS	Lekki	90KT	August 18-20	-
India/HPCL	S: HSFO	Vizag	33KTx2	August 18-20; August 24-26	Trafigura (August 24-26)
Taiwan/CPC	S: Catalyst Fractionator Bottom	Keelung	23KT	August 15-19	-
India/HPCL	S: HSFO	Mumbai	33KT	August 15-17	ATC
India/BPCL	S: HSFO	Mumbai	27.5KT	August 15-16	E3
Malaysia/PRefChem	S: Atmospheric Residue (LSSR)	Pengerang	500KB	August 12-13	Pertamina
Indonesia/Pertamina	S: Decant Oil	Balongan	100KB	August 12-13	-
India/IOC	S: HSFO	Chennai	27.5KT	August 10-14	-
South Korea/S-Oil	S: Slurry	Onsan	22KT	August 6-10	-
Vietnam/Nghi Son	B: SRFO	Nghi Son	30-35KT	August 5-10	-
India/HPCL	S: HSFO	Mumbai	33KT	August 4-6	E3
India/HPCL	S: HSFO	Mumbai	33KT	August 2-3	ATC
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KBx3	August 2-3; August 7-8; August 17-18	-
Taiwan/CPC	B: LSFO	Keelung	36KT	August 1-31	-
India/HPCL	S: HSFO	Vizag	33KTx3	July 31-August 2; August 6-8; August 12-14	E3 (July 31-August 2)
Taiwan/Formosa	S: HSFO	Mailiao	40KT	July 31-August 2	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KB	July 29-30	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KB	July 29-30	-
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	July 28-30	-
South Korea/S-Oil	S: Light Cycle Oil	Onsan	300KB	July 28-30	-
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	July 26-28	Vitol
Taiwan/Formosa	S: Pyrolysis Fuel Oil	Mailiao	10KT	July 24-28	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KB	July 24-26	-
Vietnam/Nghi Son	S: Fuel Oil	Nghi Son	10KT	July 22-24	-
India/BPCL	S: HSFO	Mumbai	25KT	July 21-22	ATC
India/HPCL	S: HSFO	Mumbai	33KT	July 20-22	-
India/HPCL	S: HSFO	Vizag	33KTx2	July 19-21; July 25-27	E3 (July 19-21); Trafigura (July 25-27)
Thailand/PTT	S: HSFO	Sriracha	18KT; 25KT	July 13-17; July 27-31	Trafigura (July 13-17); Shell (July 27-31)
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	July 13-15	-
Malaysia/PRefChem	S: Slurry	Pengerang	55KB	July 12-13	-
Taiwan/CPC	S: LSFO	Kaohsiung	44-60KT	July 11-15	-
Vietnam/Nghi Son	S: Fuel Oil	Nghi Son	10KT	July 10-12	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KBx2	July 10-11; July 29-30	-
India/MRPL	S: MFO	New Mangalore	30KT	July 9-10	-
South Korea/S-Oil	S: Slurry	Onsan	23KT	July 8-12	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KBx3	July 7-9; July 12-14; July 18-20	-
India/HPCL	S: HSFO	Mumbai	33KT	July 6-9	-
India/HPCL	S: HSFO	Vizag	33KTx2	July 6-8; July 13-15	Shell
India/BPCL	S: HSFO	Mumbai	25KT	July 3-6	-
Taiwan/CPC	S: LSFO	Kaohsiung	40KT	July 2-6	Idemitsu
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	July 1-3	Vitol
India/HPCL	B: VGO	Vizag	33KT	July 1-15	-
Taiwan/CPC	B: LSFO	Keelung	36KT	July 1-31	-

(Reporting by Jeslyn Lerh)

India's HPCL buys 4 million barrels of Middle Eastern crude, traders say

Aug 13, 2026

Adds price information; paragraph 4

SINGAPORE/NEW DELHI, Aug 13 (Reuters) - India's state-run refiner Hindustan Petroleum Corp HPCL.NS bought 4 million barrels of Middle Eastern crude through a spot tender, multiple trade sources said on Thursday.

The refiner purchased 2 million barrels of Murban crude from BP BP.L, another 1 million barrels of Murban from PetroChina and 1 million barrels of Oman crude from Trafigura, they said.

Both grades are loaded and exported from outside the Strait of Hormuz.

The price for Murban delivered was about $7 per barrel above the dated Brent contract, while that for Oman delivered was about $4 to $5 per barrel, two of the people said.

The oil will arrive around early October.

The companies typically do not comment on commercial transactions.

(Reporting by Siyi Liu in Singapore and Nidhi Verma in New Delhi; Additional reporting from Seher Dareen in London; Editing by Jamie Freed)

Adds price information; paragraph 4

The refiner purchased 2 million barrels of Murban crude from BP BP.L, another 1 million barrels of Murban from PetroChina and 1 million barrels of Oman crude from Trafigura, they said.

Both grades are loaded and exported from outside the Strait of Hormuz.

The price for Murban delivered was about $7 per barrel above the dated Brent contract, while that for Oman delivered was about $4 to $5 per barrel, two of the people said.

The oil will arrive around early October.

The companies typically do not comment on commercial transactions.

(Reporting by Siyi Liu in Singapore and Nidhi Verma in New Delhi; Additional reporting from Seher Dareen in London; Editing by Jamie Freed)

Asia Fuel Oil Tenders Summary-India's HPCL offers HSFO for end August

Aug 11, 2026

SINGAPORE, Aug 11 (Reuters) - For tenders of crude and other oil products, please click:

Crude CRU/TENDA Naphtha NAP/TENDA Gasoline MOG/TENDA Jet/Diesel MDIS/TENDA Fuel Oil FUEL/TENDA

SPOT TENDERS
ISSUER	GRADE	PORT	VOLUME	LAYCAN	REMARKS
India/HPCL *	S: HSFO	Vizag	33KT	Aug 29-31	Closing Aug 11

(further updates recent tenders closed)

RECENT TENDERS CLOSED (SORTED BY LAYCAN)
ISSUER	GRADE	PORT	VOLUME	LAYCAN	REMARKS
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Aug 29-31	-
Thailand/PTT	S: HSFO	Sriracha	25KT	Aug 23-25	Shell
Taiwan/Formosa	S: Pyrolysis Fuel Oil	Mailiao	11KT	Aug 22-26	-
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Aug 19-21	Pertamina
Nigeria/Dangote	S: CBFS	Lekki	90KT	Aug 18-20	-
India/HPCL	S: HSFO	Vizag	33KTx2	Aug 18-20; Aug 24-26	Trafigura (Aug 24-26)
Taiwan/CPC	S: Catalyst Fractionator Bottom	Keelung	23KT	Aug 15-19	-
India/HPCL	S: HSFO	Mumbai	33KT	Aug 15-17	ATC
India/BPCL	S: HSFO	Mumbai	27.5KT	Aug 15-16	E3
Malaysia/PRefChem	S: Atmospheric Residue (LSSR)	Pengerang	500KB	Aug 12-13	Pertamina
Indonesia/Pertamina	S: Decant Oil	Balongan	100KB	Aug 12-13	-
India/IOC	S: HSFO	Chennai	27.5KT	Aug 10-14	-
South Korea/S-Oil	S: Slurry	Onsan	22KT	Aug 6-10	-
Vietnam/Nghi Son	B: SRFO	Nghi Son	30-35KT	Aug 5-10	-
India/HPCL	S: HSFO	Mumbai	33KT	Aug 4-6	E3
India/HPCL	S: HSFO	Mumbai	33KT	Aug 2-3	ATC
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KBx3	Aug 2-3; Aug 7-8; Aug 17-18	-
Taiwan/CPC	B: LSFO	Keelung	36KT	Aug 1-31	-
India/HPCL	S: HSFO	Vizag	33KTx3	Jul 31-Aug 2; Aug 6-8; Aug 12-14	E3 (Jul 31-Aug 2)
Taiwan/Formosa	S: HSFO	Mailiao	40KT	Jul 31-Aug 2	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KB	Jul 29-30	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KB	Jul 29-30	-
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Jul 28-30	-
South Korea/S-Oil	S: Light Cycle Oil	Onsan	300KB	Jul 28-30	-
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Jul 26-28	Vitol
Taiwan/Formosa	S: Pyrolysis Fuel Oil	Mailiao	10KT	Jul 24-28	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KB	Jul 24-26	-
Vietnam/Nghi Son	S: Fuel Oil	Nghi Son	10KT	Jul 22-24	-
India/BPCL	S: HSFO	Mumbai	25KT	Jul 21-22	ATC
India/HPCL	S: HSFO	Mumbai	33KT	Jul 20-22	-
India/HPCL	S: HSFO	Vizag	33KTx2	Jul 19-21; Jul 25-27	E3 (Jul 19-21); Trafigura (Jul 25-27)
Thailand/PTT	S: HSFO	Sriracha	18KT; 25KT	Jul 13-17; Jul 27-31	Trafigura (Jul 13-17); Shell (Jul 27-31)
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Jul 13-15	-
Malaysia/PRefChem	S: Slurry	Pengerang	55KB	Jul 12-13	-
Taiwan/CPC	S: LSFO	Kaohsiung	44-60KT	Jul 11-15	-
Vietnam/Nghi Son	S: Fuel Oil	Nghi Son	10KT	Jul 10-12	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KBx2	Jul 10-11; Jul 29-30	-
India/MRPL	S: MFO	New Mangalore	30KT	Jul 9-10	-
South Korea/S-Oil	S: Slurry	Onsan	23KT	Jul 8-12	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KBx3	Jul 7-9; Jul 12-14; Jul 18-20	-
India/HPCL	S: HSFO	Mumbai	33KT	Jul 6-9	-
India/HPCL	S: HSFO	Vizag	33KTx2	Jul 6-8; Jul 13-15	Shell
India/BPCL	S: HSFO	Mumbai	25KT	Jul 3-6	-
Taiwan/CPC	S: LSFO	Kaohsiung	40KT	Jul 2-6	Idemitsu
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Jul 1-3	Vitol
India/HPCL	B: VGO	Vizag	33KT	Jul 1-15	-
Taiwan/CPC	B: LSFO	Keelung	36KT	Jul 1-31	-

(Reporting by Jeslyn Lerh)

SINGAPORE, Aug 11 (Reuters) - For tenders of crude and other oil products, please click:

Crude CRU/TENDA Naphtha NAP/TENDA Gasoline MOG/TENDA Jet/Diesel MDIS/TENDA Fuel Oil FUEL/TENDA

SPOT TENDERS
ISSUER	GRADE	PORT	VOLUME	LAYCAN	REMARKS
India/HPCL *	S: HSFO	Vizag	33KT	Aug 29-31	Closing Aug 11

(further updates recent tenders closed)

RECENT TENDERS CLOSED (SORTED BY LAYCAN)
ISSUER	GRADE	PORT	VOLUME	LAYCAN	REMARKS
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Aug 29-31	-
Thailand/PTT	S: HSFO	Sriracha	25KT	Aug 23-25	Shell
Taiwan/Formosa	S: Pyrolysis Fuel Oil	Mailiao	11KT	Aug 22-26	-
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Aug 19-21	Pertamina
Nigeria/Dangote	S: CBFS	Lekki	90KT	Aug 18-20	-
India/HPCL	S: HSFO	Vizag	33KTx2	Aug 18-20; Aug 24-26	Trafigura (Aug 24-26)
Taiwan/CPC	S: Catalyst Fractionator Bottom	Keelung	23KT	Aug 15-19	-
India/HPCL	S: HSFO	Mumbai	33KT	Aug 15-17	ATC
India/BPCL	S: HSFO	Mumbai	27.5KT	Aug 15-16	E3
Malaysia/PRefChem	S: Atmospheric Residue (LSSR)	Pengerang	500KB	Aug 12-13	Pertamina
Indonesia/Pertamina	S: Decant Oil	Balongan	100KB	Aug 12-13	-
India/IOC	S: HSFO	Chennai	27.5KT	Aug 10-14	-
South Korea/S-Oil	S: Slurry	Onsan	22KT	Aug 6-10	-
Vietnam/Nghi Son	B: SRFO	Nghi Son	30-35KT	Aug 5-10	-
India/HPCL	S: HSFO	Mumbai	33KT	Aug 4-6	E3
India/HPCL	S: HSFO	Mumbai	33KT	Aug 2-3	ATC
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KBx3	Aug 2-3; Aug 7-8; Aug 17-18	-
Taiwan/CPC	B: LSFO	Keelung	36KT	Aug 1-31	-
India/HPCL	S: HSFO	Vizag	33KTx3	Jul 31-Aug 2; Aug 6-8; Aug 12-14	E3 (Jul 31-Aug 2)
Taiwan/Formosa	S: HSFO	Mailiao	40KT	Jul 31-Aug 2	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KB	Jul 29-30	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KB	Jul 29-30	-
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Jul 28-30	-
South Korea/S-Oil	S: Light Cycle Oil	Onsan	300KB	Jul 28-30	-
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Jul 26-28	Vitol
Taiwan/Formosa	S: Pyrolysis Fuel Oil	Mailiao	10KT	Jul 24-28	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KB	Jul 24-26	-
Vietnam/Nghi Son	S: Fuel Oil	Nghi Son	10KT	Jul 22-24	-
India/BPCL	S: HSFO	Mumbai	25KT	Jul 21-22	ATC
India/HPCL	S: HSFO	Mumbai	33KT	Jul 20-22	-
India/HPCL	S: HSFO	Vizag	33KTx2	Jul 19-21; Jul 25-27	E3 (Jul 19-21); Trafigura (Jul 25-27)
Thailand/PTT	S: HSFO	Sriracha	18KT; 25KT	Jul 13-17; Jul 27-31	Trafigura (Jul 13-17); Shell (Jul 27-31)
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Jul 13-15	-
Malaysia/PRefChem	S: Slurry	Pengerang	55KB	Jul 12-13	-
Taiwan/CPC	S: LSFO	Kaohsiung	44-60KT	Jul 11-15	-
Vietnam/Nghi Son	S: Fuel Oil	Nghi Son	10KT	Jul 10-12	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KBx2	Jul 10-11; Jul 29-30	-
India/MRPL	S: MFO	New Mangalore	30KT	Jul 9-10	-
South Korea/S-Oil	S: Slurry	Onsan	23KT	Jul 8-12	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KBx3	Jul 7-9; Jul 12-14; Jul 18-20	-
India/HPCL	S: HSFO	Mumbai	33KT	Jul 6-9	-
India/HPCL	S: HSFO	Vizag	33KTx2	Jul 6-8; Jul 13-15	Shell
India/BPCL	S: HSFO	Mumbai	25KT	Jul 3-6	-
Taiwan/CPC	S: LSFO	Kaohsiung	40KT	Jul 2-6	Idemitsu
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Jul 1-3	Vitol
India/HPCL	B: VGO	Vizag	33KT	Jul 1-15	-
Taiwan/CPC	B: LSFO	Keelung	36KT	Jul 1-31	-

(Reporting by Jeslyn Lerh)

India's HPCL buys 2 mln bbl West African oil for Sept via tender, sources say

Aug 06, 2026

India eyes Venezuela blocks operatorship; regains Russia's Sakhalin-1 stake

Aug 05, 2026

NEW DELHI, Aug 5 (Reuters) - India's top explorer, Oil and Natural Gas Corp (ONGC), hopes to soon sign agreements with Venezuela to operate two oil blocks under the South American nation's new petroleum law, its finance chief said on Wednesday.

State-run ONGC ONVI.NS, through its overseas investment arm ONGC Videsh, holds a 40% stake in the San Cristobal field and, along with other Indian companies, an 18% stake in the Carabobo-1 project.

"Now we have full freedom to work on the Venezuela projects. Earlier, we were restricting our operations there because of the sanctions-related risk," finance director Anupam Agarwal said on an analyst call after the company's June-quarter earnings.

He said Venezuela was offering additional incentives under its new petroleum law and that ONGC had expertise in operating fields with similar geology in India.

"We believe very soon we will see some positive developments, the new agreements signed, and we are taking over the operatorship for some of those projects from PDVSA," he said.

RUSSIAN SAKHALIN-1 ASSET

Agarwal said ONGC regained its 20% stake in Russia's Sakhalin-1 oil and gas project in December after a gap of four years.

The restored stake increased the group's quarterly revenue contribution from the project to about 10 billion Indian rupees ($105.13 million), compared with 5 billion-6 billion rupees earlier, he said.

Russia transferred Sakhalin-1 to a new domestic operator after Western countries imposed sweeping sanctions on Moscow following its invasion of Ukraine in February 2022.

ONGC agreed to make payments into the Sakhalin-1 abandonment fund in roubles using dividends frozen in Russia, allowing it to retain its 20% stake in the project, as Reuters reported last year.

($1 = 95.1175 Indian rupees)

(Reporting by Nidhi Verma, Editing by Louise Heavens)

(([email protected]; X: @nidhi712;))

State-run ONGC ONVI.NS, through its overseas investment arm ONGC Videsh, holds a 40% stake in the San Cristobal field and, along with other Indian companies, an 18% stake in the Carabobo-1 project.

He said Venezuela was offering additional incentives under its new petroleum law and that ONGC had expertise in operating fields with similar geology in India.

"We believe very soon we will see some positive developments, the new agreements signed, and we are taking over the operatorship for some of those projects from PDVSA," he said.

RUSSIAN SAKHALIN-1 ASSET

Agarwal said ONGC regained its 20% stake in Russia's Sakhalin-1 oil and gas project in December after a gap of four years.

Russia transferred Sakhalin-1 to a new domestic operator after Western countries imposed sweeping sanctions on Moscow following its invasion of Ukraine in February 2022.

ONGC agreed to make payments into the Sakhalin-1 abandonment fund in roubles using dividends frozen in Russia, allowing it to retain its 20% stake in the project, as Reuters reported last year.

($1 = 95.1175 Indian rupees)

(Reporting by Nidhi Verma, Editing by Louise Heavens)

(([email protected]; X: @nidhi712;))

Asia Fuel Oil Tenders Summary-India's BPCL offers HSFO for August

Aug 04, 2026

SINGAPORE, Aug 4 (Reuters) - For tenders of crude and other oil products, please click:

Crude CRU/TENDA Naphtha NAP/TENDA Gasoline MOG/TENDA Jet/Diesel MDIS/TENDA Fuel Oil FUEL/TENDA

SPOT TENDERS
ISSUER	GRADE	PORT	VOLUME	LAYCAN	REMARKS
India/BPCL *	S: HSFO	Mumbai	27.5KT	Aug 15-16	Closing Aug 4
Taiwan/CPC	S: Catalyst Fractionator Bottom	Keelung	23KT	Aug	Closing Aug 3 (valid Aug 5)

RECENT TENDERS CLOSED (SORTED BY LAYCAN)
ISSUER	GRADE	PORT	VOLUME	LAYCAN	REMARKS
Thailand/PTT	S: HSFO	Sriracha	25KT	Aug 23-25	Shell
Taiwan/Formosa	S: Pyrolysis Fuel Oil	Mailiao	11KT	Aug 22-26	-
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Aug 19-21	Pertamina
Nigeria/Dangote	S: CBFS	Lekki	90KT	Aug 18-20	-
India/HPCL	S: HSFO	Vizag	33KTx2	Aug 18-20; Aug 24-26	Trafigura (Aug 24-26)
India/HPCL	S: HSFO	Mumbai	33KT	Aug 15-17	ATC
Indonesia/Pertamina	S: Decant Oil	Balongan	100KB	Aug 12-13	-
India/IOC	S: HSFO	Chennai	27.5KT	Aug 10-14	-
South Korea/S-Oil	S: Slurry	Onsan	22KT	Aug 6-10	-
Vietnam/Nghi Son	B: SRFO	Nghi Son	30-35KT	Aug 5-10	-
India/HPCL	S: HSFO	Mumbai	33KT	Aug 4-6	E3
India/HPCL	S: HSFO	Mumbai	33KT	Aug 2-3	ATC
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KBx3	Aug 2-3; Aug 7-8; Aug 17-18	-
Taiwan/CPC	B: LSFO	Keelung	36KT	Aug 1-31	-
India/HPCL	S: HSFO	Vizag	33KTx3	Jul 31-Aug 2; Aug 6-8; Aug 12-14	E3 (Jul 31-Aug 2)
Taiwan/Formosa	S: HSFO	Mailiao	40KT	Jul 31-Aug 2	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KB	Jul 29-30	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KB	Jul 29-30	-
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Jul 28-30	-
South Korea/S-Oil	S: Light Cycle Oil	Onsan	300KB	Jul 28-30	-
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Jul 26-28	Vitol
Taiwan/Formosa	S: Pyrolysis Fuel Oil	Mailiao	10KT	Jul 24-28	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KB	Jul 24-26	-
Vietnam/Nghi Son	S: Fuel Oil	Nghi Son	10KT	Jul 22-24	-
India/BPCL	S: HSFO	Mumbai	25KT	Jul 21-22	ATC
India/HPCL	S: HSFO	Mumbai	33KT	Jul 20-22	-
India/HPCL	S: HSFO	Vizag	33KTx2	Jul 19-21; Jul 25-27	E3 (Jul 19-21); Trafigura (Jul 25-27)
Thailand/PTT	S: HSFO	Sriracha	18KT; 25KT	Jul 13-17; Jul 27-31	Trafigura (Jul 13-17); Shell (Jul 27-31)
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Jul 13-15	-
Malaysia/PRefChem	S: Slurry	Pengerang	55KB	Jul 12-13	-
Taiwan/CPC	S: LSFO	Kaohsiung	44-60KT	Jul 11-15	-
Vietnam/Nghi Son	S: Fuel Oil	Nghi Son	10KT	Jul 10-12	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KBx2	Jul 10-11; Jul 29-30	-
India/MRPL	S: MFO	New Mangalore	30KT	Jul 9-10	-
South Korea/S-Oil	S: Slurry	Onsan	23KT	Jul 8-12	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KBx3	Jul 7-9; Jul 12-14; Jul 18-20	-
India/HPCL	S: HSFO	Mumbai	33KT	Jul 6-9	-
India/HPCL	S: HSFO	Vizag	33KTx2	Jul 6-8; Jul 13-15	Shell
India/BPCL	S: HSFO	Mumbai	25KT	Jul 3-6	-
Taiwan/CPC	S: LSFO	Kaohsiung	40KT	Jul 2-6	Idemitsu
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Jul 1-3	Vitol
India/HPCL	B: VGO	Vizag	33KT	Jul 1-15	-
Taiwan/CPC	B: LSFO	Keelung	36KT	Jul 1-31	-

(Reporting by Jeslyn Lerh)

SINGAPORE, Aug 4 (Reuters) - For tenders of crude and other oil products, please click:

Crude CRU/TENDA Naphtha NAP/TENDA Gasoline MOG/TENDA Jet/Diesel MDIS/TENDA Fuel Oil FUEL/TENDA

SPOT TENDERS
ISSUER	GRADE	PORT	VOLUME	LAYCAN	REMARKS
India/BPCL *	S: HSFO	Mumbai	27.5KT	Aug 15-16	Closing Aug 4
Taiwan/CPC	S: Catalyst Fractionator Bottom	Keelung	23KT	Aug	Closing Aug 3 (valid Aug 5)

RECENT TENDERS CLOSED (SORTED BY LAYCAN)
ISSUER	GRADE	PORT	VOLUME	LAYCAN	REMARKS
Thailand/PTT	S: HSFO	Sriracha	25KT	Aug 23-25	Shell
Taiwan/Formosa	S: Pyrolysis Fuel Oil	Mailiao	11KT	Aug 22-26	-
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Aug 19-21	Pertamina
Nigeria/Dangote	S: CBFS	Lekki	90KT	Aug 18-20	-
India/HPCL	S: HSFO	Vizag	33KTx2	Aug 18-20; Aug 24-26	Trafigura (Aug 24-26)
India/HPCL	S: HSFO	Mumbai	33KT	Aug 15-17	ATC
Indonesia/Pertamina	S: Decant Oil	Balongan	100KB	Aug 12-13	-
India/IOC	S: HSFO	Chennai	27.5KT	Aug 10-14	-
South Korea/S-Oil	S: Slurry	Onsan	22KT	Aug 6-10	-
Vietnam/Nghi Son	B: SRFO	Nghi Son	30-35KT	Aug 5-10	-
India/HPCL	S: HSFO	Mumbai	33KT	Aug 4-6	E3
India/HPCL	S: HSFO	Mumbai	33KT	Aug 2-3	ATC
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KBx3	Aug 2-3; Aug 7-8; Aug 17-18	-
Taiwan/CPC	B: LSFO	Keelung	36KT	Aug 1-31	-
India/HPCL	S: HSFO	Vizag	33KTx3	Jul 31-Aug 2; Aug 6-8; Aug 12-14	E3 (Jul 31-Aug 2)
Taiwan/Formosa	S: HSFO	Mailiao	40KT	Jul 31-Aug 2	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KB	Jul 29-30	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KB	Jul 29-30	-
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Jul 28-30	-
South Korea/S-Oil	S: Light Cycle Oil	Onsan	300KB	Jul 28-30	-
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Jul 26-28	Vitol
Taiwan/Formosa	S: Pyrolysis Fuel Oil	Mailiao	10KT	Jul 24-28	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KB	Jul 24-26	-
Vietnam/Nghi Son	S: Fuel Oil	Nghi Son	10KT	Jul 22-24	-
India/BPCL	S: HSFO	Mumbai	25KT	Jul 21-22	ATC
India/HPCL	S: HSFO	Mumbai	33KT	Jul 20-22	-
India/HPCL	S: HSFO	Vizag	33KTx2	Jul 19-21; Jul 25-27	E3 (Jul 19-21); Trafigura (Jul 25-27)
Thailand/PTT	S: HSFO	Sriracha	18KT; 25KT	Jul 13-17; Jul 27-31	Trafigura (Jul 13-17); Shell (Jul 27-31)
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Jul 13-15	-
Malaysia/PRefChem	S: Slurry	Pengerang	55KB	Jul 12-13	-
Taiwan/CPC	S: LSFO	Kaohsiung	44-60KT	Jul 11-15	-
Vietnam/Nghi Son	S: Fuel Oil	Nghi Son	10KT	Jul 10-12	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KBx2	Jul 10-11; Jul 29-30	-
India/MRPL	S: MFO	New Mangalore	30KT	Jul 9-10	-
South Korea/S-Oil	S: Slurry	Onsan	23KT	Jul 8-12	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KBx3	Jul 7-9; Jul 12-14; Jul 18-20	-
India/HPCL	S: HSFO	Mumbai	33KT	Jul 6-9	-
India/HPCL	S: HSFO	Vizag	33KTx2	Jul 6-8; Jul 13-15	Shell
India/BPCL	S: HSFO	Mumbai	25KT	Jul 3-6	-
Taiwan/CPC	S: LSFO	Kaohsiung	40KT	Jul 2-6	Idemitsu
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Jul 1-3	Vitol
India/HPCL	B: VGO	Vizag	33KT	Jul 1-15	-
Taiwan/CPC	B: LSFO	Keelung	36KT	Jul 1-31	-

(Reporting by Jeslyn Lerh)

Asia Fuel Oil Tenders Summary-Taiwan's CPC offers CFB for August

Aug 03, 2026

SINGAPORE, Aug 3 (Reuters) - For tenders of crude and other oil products, please click:

Crude CRU/TENDA Naphtha NAP/TENDA Gasoline MOG/TENDA Jet/Diesel MDIS/TENDA Fuel Oil FUEL/TENDA

SPOT TENDERS
ISSUER	GRADE	PORT	VOLUME	LAYCAN	REMARKS
Taiwan/CPC *	S: Catalyst Fractionator Bottom (CFB)	Keelung	23KT	August	Closing Aug 3 (valid Aug 5)

RECENT TENDERS CLOSED (SORTED BY LAYCAN)
ISSUER	GRADE	PORT	VOLUME	LAYCAN	REMARKS
Thailand/PTT	S: HSFO	Sriracha	25KT	Aug 23-25	Shell
Taiwan/Formosa	S: Pyrolysis Fuel Oil	Mailiao	11KT	Aug 22-26	-
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Aug 19-21	Pertamina
Nigeria/Dangote	S: CBFS	Lekki	90KT	Aug 18-20	-
India/HPCL	S: HSFO	Vizag	33KTx2	Aug 18-20; Aug 24-26	Trafigura (Aug 24-26)
India/HPCL	S: HSFO	Mumbai	33KT	Aug 15-17	ATC
Indonesia/Pertamina	S: Decant Oil	Balongan	100KB	Aug 12-13	-
India/IOC	S: HSFO	Chennai	27.5KT	Aug 10-14	-
South Korea/S-Oil	S: Slurry	Onsan	22KT	Aug 6-10	-
Vietnam/Nghi Son	B: SRFO	Nghi Son	30-35KT	Aug 5-10	-
India/HPCL	S: HSFO	Mumbai	33KT	Aug 4-6	E3
India/HPCL	S: HSFO	Mumbai	33KT	Aug 2-3	ATC
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KBx3	Aug 2-3; Aug 7-8; Aug 17-18	-
Taiwan/CPC	B: LSFO	Keelung	36KT	Aug 1-31	-
India/HPCL	S: HSFO	Vizag	33KTx3	Jul 31-Aug 2; Aug 6-8; Aug 12-14	E3 (Jul 31-Aug 2)
Taiwan/Formosa	S: HSFO	Mailiao	40KT	Jul 31-Aug 2	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KB	Jul 29-30	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KB	Jul 29-30	-
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Jul 28-30	-
South Korea/S-Oil	S: Light Cycle Oil	Onsan	300KB	Jul 28-30	-
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Jul 26-28	Vitol
Taiwan/Formosa	S: Pyrolysis Fuel Oil	Mailiao	10KT	Jul 24-28	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KB	Jul 24-26	-
Vietnam/Nghi Son	S: Fuel Oil	Nghi Son	10KT	Jul 22-24	-
India/BPCL	S: HSFO	Mumbai	25KT	Jul 21-22	ATC
India/HPCL	S: HSFO	Mumbai	33KT	Jul 20-22	-
India/HPCL	S: HSFO	Vizag	33KTx2	Jul 19-21; Jul 25-27	E3 (Jul 19-21); Trafigura (Jul 25-27)
Thailand/PTT	S: HSFO	Sriracha	18KT; 25KT	Jul 13-17; Jul 27-31	Trafigura (Jul 13-17); Shell (Jul 27-31)
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Jul 13-15	-
Malaysia/PRefChem	S: Slurry	Pengerang	55KB	Jul 12-13	-
Taiwan/CPC	S: LSFO	Kaohsiung	44-60KT	Jul 11-15	-
Vietnam/Nghi Son	S: Fuel Oil	Nghi Son	10KT	Jul 10-12	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KBx2	Jul 10-11; Jul 29-30	-
India/MRPL	S: MFO	New Mangalore	30KT	Jul 9-10	-
South Korea/S-Oil	S: Slurry	Onsan	23KT	Jul 8-12	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KBx3	Jul 7-9; Jul 12-14; Jul 18-20	-
India/HPCL	S: HSFO	Mumbai	33KT	Jul 6-9	-
India/HPCL	S: HSFO	Vizag	33KTx2	Jul 6-8; Jul 13-15	Shell
India/BPCL	S: HSFO	Mumbai	25KT	Jul 3-6	-
Taiwan/CPC	S: LSFO	Kaohsiung	40KT	Jul 2-6	Idemitsu
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Jul 1-3	Vitol
India/HPCL	B: VGO	Vizag	33KT	Jul 1-15	-
Taiwan/CPC	B: LSFO	Keelung	36KT	Jul 1-31	-

(Reporting by Jeslyn Lerh)

SINGAPORE, Aug 3 (Reuters) - For tenders of crude and other oil products, please click:

Crude CRU/TENDA Naphtha NAP/TENDA Gasoline MOG/TENDA Jet/Diesel MDIS/TENDA Fuel Oil FUEL/TENDA

SPOT TENDERS
ISSUER	GRADE	PORT	VOLUME	LAYCAN	REMARKS
Taiwan/CPC *	S: Catalyst Fractionator Bottom (CFB)	Keelung	23KT	August	Closing Aug 3 (valid Aug 5)

RECENT TENDERS CLOSED (SORTED BY LAYCAN)
ISSUER	GRADE	PORT	VOLUME	LAYCAN	REMARKS
Thailand/PTT	S: HSFO	Sriracha	25KT	Aug 23-25	Shell
Taiwan/Formosa	S: Pyrolysis Fuel Oil	Mailiao	11KT	Aug 22-26	-
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Aug 19-21	Pertamina
Nigeria/Dangote	S: CBFS	Lekki	90KT	Aug 18-20	-
India/HPCL	S: HSFO	Vizag	33KTx2	Aug 18-20; Aug 24-26	Trafigura (Aug 24-26)
India/HPCL	S: HSFO	Mumbai	33KT	Aug 15-17	ATC
Indonesia/Pertamina	S: Decant Oil	Balongan	100KB	Aug 12-13	-
India/IOC	S: HSFO	Chennai	27.5KT	Aug 10-14	-
South Korea/S-Oil	S: Slurry	Onsan	22KT	Aug 6-10	-
Vietnam/Nghi Son	B: SRFO	Nghi Son	30-35KT	Aug 5-10	-
India/HPCL	S: HSFO	Mumbai	33KT	Aug 4-6	E3
India/HPCL	S: HSFO	Mumbai	33KT	Aug 2-3	ATC
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KBx3	Aug 2-3; Aug 7-8; Aug 17-18	-
Taiwan/CPC	B: LSFO	Keelung	36KT	Aug 1-31	-
India/HPCL	S: HSFO	Vizag	33KTx3	Jul 31-Aug 2; Aug 6-8; Aug 12-14	E3 (Jul 31-Aug 2)
Taiwan/Formosa	S: HSFO	Mailiao	40KT	Jul 31-Aug 2	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KB	Jul 29-30	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KB	Jul 29-30	-
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Jul 28-30	-
South Korea/S-Oil	S: Light Cycle Oil	Onsan	300KB	Jul 28-30	-
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Jul 26-28	Vitol
Taiwan/Formosa	S: Pyrolysis Fuel Oil	Mailiao	10KT	Jul 24-28	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KB	Jul 24-26	-
Vietnam/Nghi Son	S: Fuel Oil	Nghi Son	10KT	Jul 22-24	-
India/BPCL	S: HSFO	Mumbai	25KT	Jul 21-22	ATC
India/HPCL	S: HSFO	Mumbai	33KT	Jul 20-22	-
India/HPCL	S: HSFO	Vizag	33KTx2	Jul 19-21; Jul 25-27	E3 (Jul 19-21); Trafigura (Jul 25-27)
Thailand/PTT	S: HSFO	Sriracha	18KT; 25KT	Jul 13-17; Jul 27-31	Trafigura (Jul 13-17); Shell (Jul 27-31)
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Jul 13-15	-
Malaysia/PRefChem	S: Slurry	Pengerang	55KB	Jul 12-13	-
Taiwan/CPC	S: LSFO	Kaohsiung	44-60KT	Jul 11-15	-
Vietnam/Nghi Son	S: Fuel Oil	Nghi Son	10KT	Jul 10-12	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KBx2	Jul 10-11; Jul 29-30	-
India/MRPL	S: MFO	New Mangalore	30KT	Jul 9-10	-
South Korea/S-Oil	S: Slurry	Onsan	23KT	Jul 8-12	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KBx3	Jul 7-9; Jul 12-14; Jul 18-20	-
India/HPCL	S: HSFO	Mumbai	33KT	Jul 6-9	-
India/HPCL	S: HSFO	Vizag	33KTx2	Jul 6-8; Jul 13-15	Shell
India/BPCL	S: HSFO	Mumbai	25KT	Jul 3-6	-
Taiwan/CPC	S: LSFO	Kaohsiung	40KT	Jul 2-6	Idemitsu
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Jul 1-3	Vitol
India/HPCL	B: VGO	Vizag	33KT	Jul 1-15	-
Taiwan/CPC	B: LSFO	Keelung	36KT	Jul 1-31	-

(Reporting by Jeslyn Lerh)

Garden Reach Shipbuilders Gets Order Worth 10.32 Billion Rupees From ONGC

Jul 30, 2026

Asia Fuel Oil Tenders Summary-Malaysia's PRefChem offers residue for August

Jul 29, 2026

SINGAPORE, July 29 (Reuters) - For tenders of crude and other oil products, please click:

Crude CRU/TENDA Naphtha NAP/TENDA Gasoline MOG/TENDA Jet/Diesel MDIS/TENDA Fuel Oil FUEL/TENDA

SPOT TENDERS
ISSUER	GRADE	PORT	VOLUME	LAYCAN	REMARKS
Malaysia/PRefChem *	S: Atmospheric Residue (LSSR)	Pengerang	500KB	Aug 6-7	Closing Jul 30
India/HPCL	S: HSFO	Vizag	33KTx2	Aug 18-20; Aug 24-26	Closing Jul 29
India/HPCL	S: HSFO	Mumbai	33KT	Aug 15-17	Closing Jul 29

RECENT TENDERS CLOSED (SORTED BY LAYCAN)
ISSUER	GRADE	PORT	VOLUME	LAYCAN	REMARKS
Thailand/PTT	S: HSFO	Sriracha	25KT	Aug 23-25	Shell
Taiwan/Formosa	S: Pyrolysis Fuel Oil	Mailiao	11KT	Aug 22-26	-
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Aug 19-21	-
Indonesia/Pertamina	S: Decant Oil	Balongan	100KB	Aug 12-13	-
India/IOC	S: HSFO	Chennai	27.5KT	Aug 10-14	-
Vietnam/Nghi Son	B: SRFO	Nghi Son	30-35KT	Aug 5-10	-
India/HPCL	S: HSFO	Mumbai	33KT	Aug 4-6	E3
India/HPCL	S: HSFO	Mumbai	33KT	Aug 2-3	ATC
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KBx3	Aug 2-3; Aug 7-8; Aug 17-18	-
Taiwan/CPC	B: LSFO	Keelung	36KT	Aug 1-31	-
India/HPCL	S: HSFO	Vizag	33KTx3	Jul 31-Aug 2; Aug 6-8; Aug 12-14	E3 (Jul 31-Aug 2)
Taiwan/Formosa	S: HSFO	Mailiao	40KT	Jul 31-Aug 2	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KB	Jul 29-30	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KB	Jul 29-30	-
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Jul 28-30	-
South Korea/S-Oil	S: Light Cycle Oil	Onsan	300KB	Jul 28-30	-
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Jul 26-28	Vitol
Taiwan/Formosa	S: Pyrolysis Fuel Oil	Mailiao	10KT	Jul 24-28	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KB	Jul 24-26	-
Vietnam/Nghi Son	S: Fuel Oil	Nghi Son	10KT	Jul 22-24	-
India/BPCL	S: HSFO	Mumbai	25KT	Jul 21-22	ATC
India/HPCL	S: HSFO	Mumbai	33KT	Jul 20-22	-
India/HPCL	S: HSFO	Vizag	33KTx2	Jul 19-21; Jul 25-27	E3 (Jul 19-21); Trafigura (Jul 25-27)
Thailand/PTT	S: HSFO	Sriracha	18KT; 25KT	Jul 13-17; Jul 27-31	Trafigura (Jul 13-17); Shell (Jul 27-31)
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Jul 13-15	-
Malaysia/PRefChem	S: Slurry	Pengerang	55KB	Jul 12-13	-
Taiwan/CPC	S: LSFO	Kaohsiung	44-60KT	Jul 11-15	-
Vietnam/Nghi Son	S: Fuel Oil	Nghi Son	10KT	Jul 10-12	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KBx2	Jul 10-11; Jul 29-30	-
India/MRPL	S: MFO	New Mangalore	30KT	Jul 9-10	-
South Korea/S-Oil	S: Slurry	Onsan	23KT	Jul 8-12	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KBx3	Jul 7-9; Jul 12-14; Jul 18-20	-
India/HPCL	S: HSFO	Mumbai	33KT	Jul 6-9	-
India/HPCL	S: HSFO	Vizag	33KTx2	Jul 6-8; Jul 13-15	Shell
India/BPCL	S: HSFO	Mumbai	25KT	Jul 3-6	-
Taiwan/CPC	S: LSFO	Kaohsiung	40KT	Jul 2-6	Idemitsu
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Jul 1-3	Vitol
India/HPCL	B: VGO	Vizag	33KT	Jul 1-15	-
Taiwan/CPC	B: LSFO	Keelung	36KT	Jul 1-31	-
Pakistan/PRL	S: HSFO	Karachi	37KT	Jun 28-30	Trafigura
Vietnam/Nghi Son	B: SRFO	Nghi Son	30-35KT	Jun 27-29	-
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Jun 27-29	-
Sri Lanka/Ceypetco	B: Fuel Oil (180cst)	Colombo	30KT	Jun 27-28	-
India/HPCL	S: HSFO	Vizag	33KTx2	Jun 23-25; Jun 29-Jul 1	-
Taiwan/CPC	S: LSFO	Kaohsiung	40KT	Jun 22-26	Shell
Taiwan/CPC	S: CFB+LSFO	Taiwan	30KT	Jun 19-23	-
Nigeria/Dangote	S: Fuel Oil+CBFS	Lekki	130KT	Jun 18-19	-
Indonesia/Pertamina	S: Decant Oil	Balikpapan	70KBx2	Jun 16-17; Jun 26-27	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KBx2	Jun 12-13; Jun 16-17	-
Malaysia/PRefChem	S: Atmospheric Residue	Pengerang	500KB	Jun 15-16	Shell
India/BPCL	S: HSFO	Mumbai	25KT	Jun 12-13	-
South Korea/S-Oil	S: Light Cycle Oil	Onsan	270KBx2	Jun 10-14; Jun 25-29	-
India/HPCL	S: HSFO	Vizag	33KTx2	Jun 10-12; Jun 17-19	Trafigura (Jun 17-19)
Malaysia/PRefChem	S: Atmospheric Residue	Pengerang	300-500KB	Jun 8-9	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KBx2	Jun 6-7; Jun 25-26	-
Thailand/PTT	S: HSFO	Sriracha	18KTx1; 25KTx3	Jun 4-6; Jun 12-14; Jun 18-20 (18KT); Jun 25-27	-
India/HPCL	S: HSFO	Vizag	33KT	Jun 3-5	-
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Jun 3-5	-
South Korea/GS Caltex	S: HSFO	Yeosu	43KTx2	Jun 1-7; Jun 8-14	Mercuria (Jun 8-14)
Mexico/PMI	S: HSFO	Singapore delivery	150KT	Jun 1-8	-
South Korea/S-Oil	S: Slurry	Onsan	22KT	Jun 1-3	Trafigura
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KB	Jun 1-2	-
Taiwan/CPC	S: LSFO	Kaohsiung	40-44KT	Jun 1-30	-
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Jun 1-30	-

(Reporting by Jeslyn Lerh)

SINGAPORE, July 29 (Reuters) - For tenders of crude and other oil products, please click:

Crude CRU/TENDA Naphtha NAP/TENDA Gasoline MOG/TENDA Jet/Diesel MDIS/TENDA Fuel Oil FUEL/TENDA

SPOT TENDERS
ISSUER	GRADE	PORT	VOLUME	LAYCAN	REMARKS
Malaysia/PRefChem *	S: Atmospheric Residue (LSSR)	Pengerang	500KB	Aug 6-7	Closing Jul 30
India/HPCL	S: HSFO	Vizag	33KTx2	Aug 18-20; Aug 24-26	Closing Jul 29
India/HPCL	S: HSFO	Mumbai	33KT	Aug 15-17	Closing Jul 29

RECENT TENDERS CLOSED (SORTED BY LAYCAN)
ISSUER	GRADE	PORT	VOLUME	LAYCAN	REMARKS
Thailand/PTT	S: HSFO	Sriracha	25KT	Aug 23-25	Shell
Taiwan/Formosa	S: Pyrolysis Fuel Oil	Mailiao	11KT	Aug 22-26	-
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Aug 19-21	-
Indonesia/Pertamina	S: Decant Oil	Balongan	100KB	Aug 12-13	-
India/IOC	S: HSFO	Chennai	27.5KT	Aug 10-14	-
Vietnam/Nghi Son	B: SRFO	Nghi Son	30-35KT	Aug 5-10	-
India/HPCL	S: HSFO	Mumbai	33KT	Aug 4-6	E3
India/HPCL	S: HSFO	Mumbai	33KT	Aug 2-3	ATC
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KBx3	Aug 2-3; Aug 7-8; Aug 17-18	-
Taiwan/CPC	B: LSFO	Keelung	36KT	Aug 1-31	-
India/HPCL	S: HSFO	Vizag	33KTx3	Jul 31-Aug 2; Aug 6-8; Aug 12-14	E3 (Jul 31-Aug 2)
Taiwan/Formosa	S: HSFO	Mailiao	40KT	Jul 31-Aug 2	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KB	Jul 29-30	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KB	Jul 29-30	-
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Jul 28-30	-
South Korea/S-Oil	S: Light Cycle Oil	Onsan	300KB	Jul 28-30	-
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Jul 26-28	Vitol
Taiwan/Formosa	S: Pyrolysis Fuel Oil	Mailiao	10KT	Jul 24-28	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KB	Jul 24-26	-
Vietnam/Nghi Son	S: Fuel Oil	Nghi Son	10KT	Jul 22-24	-
India/BPCL	S: HSFO	Mumbai	25KT	Jul 21-22	ATC
India/HPCL	S: HSFO	Mumbai	33KT	Jul 20-22	-
India/HPCL	S: HSFO	Vizag	33KTx2	Jul 19-21; Jul 25-27	E3 (Jul 19-21); Trafigura (Jul 25-27)
Thailand/PTT	S: HSFO	Sriracha	18KT; 25KT	Jul 13-17; Jul 27-31	Trafigura (Jul 13-17); Shell (Jul 27-31)
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Jul 13-15	-
Malaysia/PRefChem	S: Slurry	Pengerang	55KB	Jul 12-13	-
Taiwan/CPC	S: LSFO	Kaohsiung	44-60KT	Jul 11-15	-
Vietnam/Nghi Son	S: Fuel Oil	Nghi Son	10KT	Jul 10-12	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KBx2	Jul 10-11; Jul 29-30	-
India/MRPL	S: MFO	New Mangalore	30KT	Jul 9-10	-
South Korea/S-Oil	S: Slurry	Onsan	23KT	Jul 8-12	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KBx3	Jul 7-9; Jul 12-14; Jul 18-20	-
India/HPCL	S: HSFO	Mumbai	33KT	Jul 6-9	-
India/HPCL	S: HSFO	Vizag	33KTx2	Jul 6-8; Jul 13-15	Shell
India/BPCL	S: HSFO	Mumbai	25KT	Jul 3-6	-
Taiwan/CPC	S: LSFO	Kaohsiung	40KT	Jul 2-6	Idemitsu
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Jul 1-3	Vitol
India/HPCL	B: VGO	Vizag	33KT	Jul 1-15	-
Taiwan/CPC	B: LSFO	Keelung	36KT	Jul 1-31	-
Pakistan/PRL	S: HSFO	Karachi	37KT	Jun 28-30	Trafigura
Vietnam/Nghi Son	B: SRFO	Nghi Son	30-35KT	Jun 27-29	-
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Jun 27-29	-
Sri Lanka/Ceypetco	B: Fuel Oil (180cst)	Colombo	30KT	Jun 27-28	-
India/HPCL	S: HSFO	Vizag	33KTx2	Jun 23-25; Jun 29-Jul 1	-
Taiwan/CPC	S: LSFO	Kaohsiung	40KT	Jun 22-26	Shell
Taiwan/CPC	S: CFB+LSFO	Taiwan	30KT	Jun 19-23	-
Nigeria/Dangote	S: Fuel Oil+CBFS	Lekki	130KT	Jun 18-19	-
Indonesia/Pertamina	S: Decant Oil	Balikpapan	70KBx2	Jun 16-17; Jun 26-27	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KBx2	Jun 12-13; Jun 16-17	-
Malaysia/PRefChem	S: Atmospheric Residue	Pengerang	500KB	Jun 15-16	Shell
India/BPCL	S: HSFO	Mumbai	25KT	Jun 12-13	-
South Korea/S-Oil	S: Light Cycle Oil	Onsan	270KBx2	Jun 10-14; Jun 25-29	-
India/HPCL	S: HSFO	Vizag	33KTx2	Jun 10-12; Jun 17-19	Trafigura (Jun 17-19)
Malaysia/PRefChem	S: Atmospheric Residue	Pengerang	300-500KB	Jun 8-9	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KBx2	Jun 6-7; Jun 25-26	-
Thailand/PTT	S: HSFO	Sriracha	18KTx1; 25KTx3	Jun 4-6; Jun 12-14; Jun 18-20 (18KT); Jun 25-27	-
India/HPCL	S: HSFO	Vizag	33KT	Jun 3-5	-
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Jun 3-5	-
South Korea/GS Caltex	S: HSFO	Yeosu	43KTx2	Jun 1-7; Jun 8-14	Mercuria (Jun 8-14)
Mexico/PMI	S: HSFO	Singapore delivery	150KT	Jun 1-8	-
South Korea/S-Oil	S: Slurry	Onsan	22KT	Jun 1-3	Trafigura
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KB	Jun 1-2	-
Taiwan/CPC	S: LSFO	Kaohsiung	40-44KT	Jun 1-30	-
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Jun 1-30	-

(Reporting by Jeslyn Lerh)

India plans up to quarter of 2027 LPG imports from US, sources say

Jul 28, 2026

Indian retailers to issue LPG import tenders from the US in 2027

India to cut reliance on the Middle East, diversify LPG imports

Shift follows Hormuz disruption and supports U.S.-India trade talks

By Nidhi Verma

NEW DELHI, July 28 (Reuters) - India plans to buy up to a quarter of its liquefied petroleum gas imports from the United States in 2027, a move that would cut its reliance on the Middle East and support efforts to secure a trade deal with Washington, three sources with knowledge of the matter said.

New Delhi faced its worst LPG shortage earlier this year after the Iran war and closure of the Strait of Hormuz disrupted supplies. The government invoked emergency measures to divert petrochemical feedstocks from industry to households, which use LPG as cooking gas.

The world's third-biggest oil importer and consumer bought about 90% of its overall 21.85 million metric tons of LPG imports from the Middle East in 2025. Imports accounted for about 66% of India's LPG consumption, according to government data.

State refiners Indian Oil Corp IOC.NS, Bharat Petroleum Corp BPCL.NS and Hindustan Petroleum HPCL.NS are expected to issue tenders within one to two months for U.S. LPG supplies in 2027, the sources said, adding a delegation from the companies is also likely to travel to the United States next month to discuss sourcing.

India's oil ministry and the three companies did not respond to a Reuters email seeking comment.

Higher U.S. energy purchases could help India narrow its trade surplus with Washington, a key demand from President Donald Trump, as New Delhi pushes to complete a long-awaited trade deal with Washington in the next three to four months.

India has pledged to increase U.S. energy purchases by $10 billion to $25 billion in the near future, and the two nations have agreed to target $500 billion in bilateral trade by 2030.

New Delhi has already accelerated spot purchases from the United States and other suppliers to offset reduced Middle East supplies. U.S. LPG imports topped 1 million tons in June for the first time and are likely to exceed India's initial 2026 annual-contract target of 2.2 million tons, the sources said.

Lower supplies from the Middle East curtailed India's LPG consumption to about 14.7 million tons in January-June 2026, down about 8% from a year earlier, while imports fell about 28% to about 7.5 million tons, provisional government data showed.R

This year India's LPG consumption is expected to decline to 30 million tons due to low supplies, one of the sources said.

But LPG imports could rise to about 20 million tons in 2027 as demand recovers to around 31 million tons, the source said.

"Diversification of LPG imports is being pursued to ensure supply security and mitigate risks arising from regional disruptions or geopolitical events," junior oil minister Suresh Gopi told lawmakers on Monday.

(Reporting by Nidhi Verma; Editing by Florence Tan and Saad Sayeed)

(([email protected]; X: @nidhi712;))

Indian retailers to issue LPG import tenders from the US in 2027

India to cut reliance on the Middle East, diversify LPG imports

Shift follows Hormuz disruption and supports U.S.-India trade talks

By Nidhi Verma

India's oil ministry and the three companies did not respond to a Reuters email seeking comment.

India has pledged to increase U.S. energy purchases by $10 billion to $25 billion in the near future, and the two nations have agreed to target $500 billion in bilateral trade by 2030.

This year India's LPG consumption is expected to decline to 30 million tons due to low supplies, one of the sources said.

But LPG imports could rise to about 20 million tons in 2027 as demand recovers to around 31 million tons, the source said.

(Reporting by Nidhi Verma; Editing by Florence Tan and Saad Sayeed)

(([email protected]; X: @nidhi712;))

India's MRPL seeks crude via tender avoiding Red Sea and Hormuz, document shows

Jul 27, 2026

NEW DELHI/SINGAPORE, July 27 (Reuters) - India's state-owned Mangalore Refinery and Petrochemicals Ltd is seeking to import oil via a spot tender and has, for the first time, asked suppliers to avoid using the Red Sea and the Strait of Hormuz, a tender document showed on Monday.

Red Sea traffic has been disrupted off the coast of Yemen since last week by the Tehran-aligned Houthis, who want to blockade Saudi exports, expanding the U.S.-Iran conflict that has already choked oil supply through the Strait of Hormuz.

"Crude loading/transit via Red Sea route or SoH to be avoided," MRPL said in a tender document seeking up to 1 million barrels of oil on a delivered basis during August 25 to September 6.

The company, which did not award its previous tender seeking oil, is the first Indian refiner to include such a clause in its spot crude import tenders.

MRPL did not immediately respond to a Reuters request for comment.

MRPL has taken a "precautionary view" as it wants to avoid a potential supply disruption along two of the world's key maritime oil trade routes, said a source familiar with the matter.

The new clause would continue to be a part of future import tenders if the situation in the Middle East does not improve, the source added.

MRPL, a subsidiary of state-run explorer Oil and Natural Gas Corp ONGC.NS, operates a 300,000 barrels per day refinery in the southern Indian state of Karnataka.

(Reporting by Nidhi Verma and Siyi Liu; Editing by Joe Bavier)

(([email protected]; X: @nidhi712;))

"Crude loading/transit via Red Sea route or SoH to be avoided," MRPL said in a tender document seeking up to 1 million barrels of oil on a delivered basis during August 25 to September 6.

The company, which did not award its previous tender seeking oil, is the first Indian refiner to include such a clause in its spot crude import tenders.

MRPL did not immediately respond to a Reuters request for comment.

MRPL has taken a "precautionary view" as it wants to avoid a potential supply disruption along two of the world's key maritime oil trade routes, said a source familiar with the matter.

The new clause would continue to be a part of future import tenders if the situation in the Middle East does not improve, the source added.

MRPL, a subsidiary of state-run explorer Oil and Natural Gas Corp ONGC.NS, operates a 300,000 barrels per day refinery in the southern Indian state of Karnataka.

(Reporting by Nidhi Verma and Siyi Liu; Editing by Joe Bavier)

(([email protected]; X: @nidhi712;))

India's HPCL posts first quarterly loss since 2022 as crude prices soar

Jul 22, 2026

July 22 (Reuters) - India's Hindustan Petroleum Corp (HPCL) HPCL.NS on Wednesday reported a quarterly loss for the first time since the three months ended September 2022 as a sharp spike in crude prices weighed on profitability.

Here are details from the state-run company's earnings report:

The state-run refiner posted a net loss of 115.26 billion rupees ($1.19 billion) for the first quarter, against a profit of 43.71 billion rupees a year ago.
Average global Brent crude oil prices LCOc1 were about 45% higher than in the year-ago quarter due to the Middle East conflict, dragging marketing margins of oil marketing companies as they were forced to sell fuel below cost.
Marketing margins on petrol and diesel averaged negative 10.6 rupees/litre and negative 18.4 rupees per litre during the quarter, according to analysts at Jefferies.
HPCL's total expenses jumped 42.7% to 1.64 trillion rupees, with cost of raw materials consumed surging 74%.
Fuel demand weakened in India, the world's third-largest importer and consumer of oil, with consumption declining 4.6%, 6.5%, and 3.1% year-on-year in April, May, and June, respectively.
The firm's sale of products rose about 21% to 1.45 trillion rupees, helped by a compensation worth 19.80 billion rupees from the government for losses in the liquefied petroleum gas segment.
Earlier in the day, peer BPCL BPCL.NS also reported its first quarterly loss in 15 on higher crude costs.

($1 = 96.5650 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru; Editing by Harikrishnan Nair and Janane Venkatraman)

(([email protected]; +91 8697274436;))

Here are details from the state-run company's earnings report:

The state-run refiner posted a net loss of 115.26 billion rupees ($1.19 billion) for the first quarter, against a profit of 43.71 billion rupees a year ago.
Average global Brent crude oil prices LCOc1 were about 45% higher than in the year-ago quarter due to the Middle East conflict, dragging marketing margins of oil marketing companies as they were forced to sell fuel below cost.
Marketing margins on petrol and diesel averaged negative 10.6 rupees/litre and negative 18.4 rupees per litre during the quarter, according to analysts at Jefferies.
HPCL's total expenses jumped 42.7% to 1.64 trillion rupees, with cost of raw materials consumed surging 74%.
Fuel demand weakened in India, the world's third-largest importer and consumer of oil, with consumption declining 4.6%, 6.5%, and 3.1% year-on-year in April, May, and June, respectively.
The firm's sale of products rose about 21% to 1.45 trillion rupees, helped by a compensation worth 19.80 billion rupees from the government for losses in the liquefied petroleum gas segment.
Earlier in the day, peer BPCL BPCL.NS also reported its first quarterly loss in 15 on higher crude costs.

($1 = 96.5650 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru; Editing by Harikrishnan Nair and Janane Venkatraman)

(([email protected]; +91 8697274436;))

Middle East Crude-Benchmarks jump to 6-week high

Jul 21, 2026

SINGAPORE, July 21 (Reuters) - Spot premiums for Middle East crude benchmarks jumped on Tuesday to their highest in about six weeks, with Dubai and Murban rising close to $3 a barrel after Yemen's Iran-aligned Houthis said they would impose a naval blockade on Saudi Arabia.

YANBU

A successful effort by Yemen's Houthis to shut the Bab el-Mandeb Strait would strike at one of the world's most important oil shipping routes, potentially triggering a fresh surge in crude prices, disrupting fuel supplies and adding to strains on the global economy, analysts said.

Saudi Arabia has shipped on average over 4.5 million bpd of crude and fuel from Yanbu since April, about 70% of which went to Asia, Kpler data shows.

Asian refiners receiving those barrels could face delays of around a month as tankers are forced to sail around the Cape of Good Hope, Kpler analyst Matt Smith said.

Energy Aspects estimated that more than 3 million barrels per day of Saudi crude currently shipped via the Red Sea to Asia could be forced onto much longer routes.

The disruption would create logistical bottlenecks because fully loaded VLCCs cannot transit the Suez Canal while capacity on Egypt's SUMED pipeline, which links the Red Sea and Mediterranean Sea, is fixed.

IRAQ

Indian Oil Corp IOC.NS has cancelled the lifting of Iraqi oil from Basrah Oil Terminal due to increased risk and attacks on some vessels transiting through the Strait of Hormuz, three sources familiar with the matter said.

State-run IOC was preparing to lift 2 million barrels of Iraqi oil in the very large crude carrier Lila Jamnagar around July 23.

Another state refiner, Mangalore Refinery and Petrochemicals Ltd MRPL.NS, also cancelled plans to lift oil from Iraq in the Indian-flagged Aframax tanker Desh Gaurav, they said.

SINGAPORE CASH DEALS

Cash Dubai's premium to swaps rose $2.26 to $3.00 a barrel.

SELLER-BUYER	PRICE ($/BBL)
VITOL-BP	82.40
UNIPEC-BP	82.40
SHENGHONG-PETROCHINA	82.40
MERCURIA-BP	82.50
UNIPEC-BP	82.50

PRICES ($/BBL)

	CURRENT	PREV SESSION
GME OMAN	81.79	79.45
GME OMAN DIFF TO DUBAI	2.29	0.58
CASH DUBAI	82.50	79.61

TENDERS

Abu Dhabi National Oil Co sold less crude to Asian refiners in its latest tender than earlier ones due to uncertainty over shipping via the Strait of Hormuz after the U.S.-Iran war escalated, trade sources said.

Buyers in the latest tender included Taiwanese refiner CPC and South Korea's GS Caltex, they said.

CPC likely bought about 2 million barrels of Upper Zakum crude at a discount of about $4 a barrel to Dubai quotes for ship-to-ship transfer off the Fujairah port in the United Arab Emirates or Oman's Sohar port, the sources said.

GS Caltex purchased 2 million barrels of Das crude, but the price was not immediately known, they added.

ADNOC may have also sold some crude to an Indian refiner, traders said, but details were unclear.

The tender was the sixth the UAE producer has issued since June. ADNOC had offered Upper Zakum, Umm Lulu and Das crude to buyers for August-September loading, according to the document.

However, oil transfers between tankers in waters outside the Strait of Hormuz have slowed following a wave of recent attacks on vessels by Iranian forces.

NEWS

Greek shipping company Dynacom Tankers said two of its managed vessels were hit by projectiles of unknown origin on Monday while sailing off the coast of Oman.

Goldman Sachs said on Monday that Brent crude could top $120 a barrel in the fourth quarter this year and average $100 a barrel next year if flows through the Strait of Hormuz remain disrupted and Gulf output only fully recovers by the end of 2027.

Vessel crossings via the Strait of Hormuz dropped further at the start of the week, shipping data showed, as caution grew following a fresh exchange of attacks between the United States and Iran. A total of four commodity vessels crossed the strait on Monday, mostly on the Iranian route, down from seven the previous day, Kpler data showed.

Chevron CVX.N is shutting-in production at its Petronius facility in the U.S. Gulf of Mexico, and all associated personnel are being moved onshore in preparation for Tropical Depression Two, the company said in a statement on Monday.

For crude prices, oil product cracks and refining margins, please click on the RICs below.

Brent	BRENTSGMc1
Dubai	DUBSGSWMc2
GME Oman	OQc1
Brent/Dubai EFS	DUB-EFS-1M

PRODUCT CRACKS
Fuel oil crack	FO180SGCKMc1
Gasoil crack	GO10SGCKMc1
Naphtha crack	NAF-SIN-CRK
Gasoline crack	GL92-SIN-CRK
Complex refining margins	REF/MARGIN1

(Reporting by Florence Tan, Editing by Louise Heavens and Ronojoy Mazumdar)

RECENT CRUDE OIL TRADES:
Asia ACRU/T  Europe CRU/T Americas CRU/TU
      
CRUDE OIL MARKET NEWS      
Crude oil tenders in Asia                       CRU/TENDA
Crude oil supply outages in Asia                CRU/OUT-ASIA-O      
Refinery outages in Asia                        REF/OUT-ASIA-O      
Global arbitrage news and flows                 O/CRUDEARB      
W.African crude imports to Asia,  monthly       O/WAFRICA1      
REFINERY MAINTENANCE DIARIES      
Asia REF/A   Middle East REF/ME   Europe REF/E      
                       
NATIONAL CRUDE IMPORT DATA      
Japan     METI/JP1   China   O/CHINA1      
India     O/INDIA2   S.Korea O/KOREA1      
Indonesia O/INDO1-CRU         
                       
CRUDE OIL INVENTORY DATA      
Japan O/JAPAN1  US EIA/S  Europe O/EUROIL1      
                    
CRUDE OIL PRODUCTION/OILFIELD NEWS      
OPEC output survey OPEC/O          New Africa fields    AFR/NEW 
New projects       ENERGY/NEW      New Americas  fields AM/NEW
CRUDE OIL MARKET REPORTS      
Middle East             CRU/MAsia-Pacific         CRU/AP      
West Africa             CRU/WAF  North Sea            CRU/E      
Asia outlook            ASIA/CRU Europe outlook       EUR/CRU      
Global futures report   O/R      Technicals report    O/I      
                            
PRICES      
For all Official Selling  Prices       OSP/O      
For a POLL on oil  prices              O/POLL      
NYMEX and ICE oil  futures             OILOIL      
TOCOM crude oil  futures               0#JCO:      
Dubai, Oman swaps and  spread          ASIA/SWAP/CRUDE      
Middle East physical crude diffs       CRUDE/ASIA2      
Australia physical crude, Tapis swaps  CRUDE/ASIA1      
Asia-Pacific physical crude            CRUDE/ASIA3      
All Asian crude oil  differentials     0#C-DIF-A
All Asian crude oil outright  prices   0#C-A

YANBU

Saudi Arabia has shipped on average over 4.5 million bpd of crude and fuel from Yanbu since April, about 70% of which went to Asia, Kpler data shows.

Asian refiners receiving those barrels could face delays of around a month as tankers are forced to sail around the Cape of Good Hope, Kpler analyst Matt Smith said.

Energy Aspects estimated that more than 3 million barrels per day of Saudi crude currently shipped via the Red Sea to Asia could be forced onto much longer routes.

IRAQ

State-run IOC was preparing to lift 2 million barrels of Iraqi oil in the very large crude carrier Lila Jamnagar around July 23.

Another state refiner, Mangalore Refinery and Petrochemicals Ltd MRPL.NS, also cancelled plans to lift oil from Iraq in the Indian-flagged Aframax tanker Desh Gaurav, they said.

SINGAPORE CASH DEALS

Cash Dubai's premium to swaps rose $2.26 to $3.00 a barrel.

SELLER-BUYER	PRICE ($/BBL)
VITOL-BP	82.40
UNIPEC-BP	82.40
SHENGHONG-PETROCHINA	82.40
MERCURIA-BP	82.50
UNIPEC-BP	82.50

PRICES ($/BBL)

	CURRENT	PREV SESSION
GME OMAN	81.79	79.45
GME OMAN DIFF TO DUBAI	2.29	0.58
CASH DUBAI	82.50	79.61

TENDERS

Buyers in the latest tender included Taiwanese refiner CPC and South Korea's GS Caltex, they said.

GS Caltex purchased 2 million barrels of Das crude, but the price was not immediately known, they added.

ADNOC may have also sold some crude to an Indian refiner, traders said, but details were unclear.

The tender was the sixth the UAE producer has issued since June. ADNOC had offered Upper Zakum, Umm Lulu and Das crude to buyers for August-September loading, according to the document.

However, oil transfers between tankers in waters outside the Strait of Hormuz have slowed following a wave of recent attacks on vessels by Iranian forces.

NEWS

Greek shipping company Dynacom Tankers said two of its managed vessels were hit by projectiles of unknown origin on Monday while sailing off the coast of Oman.

For crude prices, oil product cracks and refining margins, please click on the RICs below.

Brent	BRENTSGMc1
Dubai	DUBSGSWMc2
GME Oman	OQc1
Brent/Dubai EFS	DUB-EFS-1M

PRODUCT CRACKS
Fuel oil crack	FO180SGCKMc1
Gasoil crack	GO10SGCKMc1
Naphtha crack	NAF-SIN-CRK
Gasoline crack	GL92-SIN-CRK
Complex refining margins	REF/MARGIN1

(Reporting by Florence Tan, Editing by Louise Heavens and Ronojoy Mazumdar)

RECENT CRUDE OIL TRADES:
Asia ACRU/T  Europe CRU/T Americas CRU/TU
      
CRUDE OIL MARKET NEWS      
Crude oil tenders in Asia                       CRU/TENDA
Crude oil supply outages in Asia                CRU/OUT-ASIA-O      
Refinery outages in Asia                        REF/OUT-ASIA-O      
Global arbitrage news and flows                 O/CRUDEARB      
W.African crude imports to Asia,  monthly       O/WAFRICA1      
REFINERY MAINTENANCE DIARIES      
Asia REF/A   Middle East REF/ME   Europe REF/E      
                       
NATIONAL CRUDE IMPORT DATA      
Japan     METI/JP1   China   O/CHINA1      
India     O/INDIA2   S.Korea O/KOREA1      
Indonesia O/INDO1-CRU         
                       
CRUDE OIL INVENTORY DATA      
Japan O/JAPAN1  US EIA/S  Europe O/EUROIL1      
                    
CRUDE OIL PRODUCTION/OILFIELD NEWS      
OPEC output survey OPEC/O          New Africa fields    AFR/NEW 
New projects       ENERGY/NEW      New Americas  fields AM/NEW
CRUDE OIL MARKET REPORTS      
Middle East             CRU/MAsia-Pacific         CRU/AP      
West Africa             CRU/WAF  North Sea            CRU/E      
Asia outlook            ASIA/CRU Europe outlook       EUR/CRU      
Global futures report   O/R      Technicals report    O/I      
                            
PRICES      
For all Official Selling  Prices       OSP/O      
For a POLL on oil  prices              O/POLL      
NYMEX and ICE oil  futures             OILOIL      
TOCOM crude oil  futures               0#JCO:      
Dubai, Oman swaps and  spread          ASIA/SWAP/CRUDE      
Middle East physical crude diffs       CRUDE/ASIA2      
Australia physical crude, Tapis swaps  CRUDE/ASIA1      
Asia-Pacific physical crude            CRUDE/ASIA3      
All Asian crude oil  differentials     0#C-DIF-A
All Asian crude oil outright  prices   0#C-A

India's HPCL invites LNG suppliers for spot and long-term import deals

Jul 20, 2026

NEW DELHI, July 20 (Reuters) - India's Hindustan Petroleum Corp HPCL.NS on Monday invited liquefied natural gas (LNG) suppliers, producers and traders to register to supply LNG on a spot and long-term basis, according to a notice on its website.

HPCL operates an LNG import and regassification facility at Chhara in western India with annual capacity of 5 million metric tons.

Apart from spot purchases, HPCL is looking to import up to 1 million tons per year of LNG for 10 to 15 years, sources with knowledge of the matter said.

HPCL did not respond immediately to an emailed request for comment.

India wants to raise the share of gas in its energy mix to 15% from about 6% currently to cut its carbon footprint.

HPCL also has a 10-year LNG import deal with Abu Dhabi National Oil Co for 500,000 tons of LNG every year from 2028. The company also buys LNG through spot tenders.

(Reporting by Nidhi Verma
Editing by David Goodman)

(([email protected]; X: @nidhi712;))

HPCL operates an LNG import and regassification facility at Chhara in western India with annual capacity of 5 million metric tons.

Apart from spot purchases, HPCL is looking to import up to 1 million tons per year of LNG for 10 to 15 years, sources with knowledge of the matter said.

HPCL did not respond immediately to an emailed request for comment.

India wants to raise the share of gas in its energy mix to 15% from about 6% currently to cut its carbon footprint.

HPCL also has a 10-year LNG import deal with Abu Dhabi National Oil Co for 500,000 tons of LNG every year from 2028. The company also buys LNG through spot tenders.

(Reporting by Nidhi Verma
Editing by David Goodman)

(([email protected]; X: @nidhi712;))

India's Swiggy, HPCL to pilot on-demand cooking gas cylinder delivery via Instamart

Jul 15, 2026

July 15 (Reuters) - India's Swiggy SWIG.NS and Hindustan Petroleum Corp HPCL.NS said on Wednesday they will partner for doorstep deliveries of cooking gas cylinders in India, marking the country's first such delivery service through a quick-commerce app.

The launch, coming a few months after reports of severe cooking gas supply concerns during the Iran conflict, will initially offer doorstep delivery of smaller cylinders sized 5 kilograms and 10 kilograms, as opposed to the standard ones sized 14.2 kilograms, the companies said.

Customers will not need an existing HP Gas connection to buy the cylinders, the companies said, adding that the service will initially pilot in Bengaluru before expanding to other cities.

They did not disclose pricing.

India is the world's second-largest LPG consumer, with cooking gas supplied mainly by state-run retailers Indian Oil IOC.NS , Bharat Petroleum BPCL.NS and Hindustan Petroleum.

The tie-up with HPCL adds LPG cylinders to a growing catalogue at Swiggy's Instamart, which already includes everything from fresh produce and snacks to electronics and household items.

(Reporting by Abhirami G in Bengaluru; Editing by Nivedita Bhattacharjee)

Customers will not need an existing HP Gas connection to buy the cylinders, the companies said, adding that the service will initially pilot in Bengaluru before expanding to other cities.

They did not disclose pricing.

India is the world's second-largest LPG consumer, with cooking gas supplied mainly by state-run retailers Indian Oil IOC.NS , Bharat Petroleum BPCL.NS and Hindustan Petroleum.

The tie-up with HPCL adds LPG cylinders to a growing catalogue at Swiggy's Instamart, which already includes everything from fresh produce and snacks to electronics and household items.

(Reporting by Abhirami G in Bengaluru; Editing by Nivedita Bhattacharjee)

Asia Fuel Oil Tenders Summary-India's HPCL offers HSFO for August

Jul 13, 2026

SINGAPORE, July 13 (Reuters) - For tenders of crude and other oil products, please click:

Crude CRU/TENDA Naphtha NAP/TENDA Gasoline MOG/TENDA Jet/Diesel MDIS/TENDA Fuel Oil FUEL/TENDA

SPOT TENDERS
ISSUER	GRADE	PORT	VOLUME	LAYCAN	REMARKS
India/HPCL *	S: HSFO	Vizag; Mumbai	33KTx4	Vizag: Jul 31-Aug 2; Aug 6-8; Aug 12-14 / Mumbai: Aug 2-3	Close: Jul 14

RECENT TENDERS CLOSED (SORTED BY LAYCAN)
ISSUER	GRADE	PORT	VOLUME	LAYCAN	REMARKS
Taiwan/CPC	B: LSFO	Keelung	36KT	Aug 1-31	-
Taiwan/Formosa	S: HSFO	Mailiao	40KT	Jul 31-Aug 2	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KB	Jul 29-30	-
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Jul 28-30	-
South Korea/S-Oil	S: Light Cycle Oil	Onsan	300KB	Jul 28-30	-
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Jul 26-28	Vitol
Taiwan/Formosa	S: Pyrolysis Fuel Oil	Mailiao	10KT	Jul 24-28	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KB	Jul 24-26	-
India/BPCL	S: HSFO	Mumbai	25KT	Jul 21-22	ATC
India/HPCL	S: HSFO	Mumbai	33KT	Jul 20-22	-
India/HPCL	S: HSFO	Vizag	33KTx2	Jul 19-21; Jul 25-27	E3 (Jul 19-21); Trafigura (Jul 25-27)
Thailand/PTT	S: HSFO	Sriracha	18KT; 25KT	Jul 13-17; Jul 27-31	Trafigura (Jul 13-17); Shell (Jul 27-31)
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Jul 13-15	-
Malaysia/PRefChem	S: Slurry	Pengerang	55KB	Jul 12-13	-
Taiwan/CPC	S: LSFO	Kaohsiung	44-60KT	Jul 11-15	-
Vietnam/Nghi Son	S: Fuel Oil	Nghi Son	10KT	Jul 10-12	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KBx2	Jul 10-11; Jul 29-30	-
South Korea/S-Oil	S: Slurry	Onsan	23KT	Jul 8-12	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KBx3	Jul 7-9; Jul 12-14; Jul 18-20	-
India/HPCL	S: HSFO	Mumbai	33KT	Jul 6-9	-
India/HPCL	S: HSFO	Vizag	33KTx2	Jul 6-8; Jul 13-15	Shell
India/BPCL	S: HSFO	Mumbai	25KT	Jul 3-6	-
Taiwan/CPC	S: LSFO	Kaohsiung	40KT	Jul 2-6	Idemitsu
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Jul 1-3	Vitol
India/HPCL	B: VGO	Vizag	33KT	Jul 1-15	-
Taiwan/CPC	B: LSFO	Keelung	36KT	Jul 1-31	-
Pakistan/PRL	S: HSFO	Karachi	37KT	Jun 28-30	Trafigura
Vietnam/Nghi Son	B: SRFO	Nghi Son	30-35KT	Jun 27-29	-
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Jun 27-29	-
Sri Lanka/Ceypetco	B: Fuel Oil (180cst)	Colombo	30KT	Jun 27-28	-
India/HPCL	S: HSFO	Vizag	33KTx2	Jun 23-25; Jun 29-Jul 1	-
Taiwan/CPC	S: LSFO	Kaohsiung	40KT	Jun 22-26	Shell
Taiwan/CPC	S: CFB+LSFO	Taiwan	30KT	Jun 19-23	-
Nigeria/Dangote	S: Fuel Oil+CBFS	Lekki	130KT	Jun 18-19	-
Indonesia/Pertamina	S: Decant Oil	Balikpapan	70KBx2	Jun 16-17; Jun 26-27	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KBx2	Jun 12-13; Jun 16-17	-
Malaysia/PRefChem	S: Atmospheric Residue	Pengerang	500KB	Jun 15-16	Shell
India/BPCL	S: HSFO	Mumbai	25KT	Jun 12-13	-
South Korea/S-Oil	S: Light Cycle Oil	Onsan	270KBx2	Jun 10-14; Jun 25-29	-
India/HPCL	S: HSFO	Vizag	33KTx2	Jun 10-12; Jun 17-19	Trafigura (Jun 17-19)
Malaysia/PRefChem	S: Atmospheric Residue	Pengerang	300-500KB	Jun 8-9	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KBx2	Jun 6-7; Jun 25-26	-
Thailand/PTT	S: HSFO	Sriracha	18KTx1; 25KTx3	Jun 4-6; Jun 12-14; Jun 18-20 (18KT); Jun 25-27	-
India/HPCL	S: HSFO	Vizag	33KT	Jun 3-5	-
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Jun 3-5	-
South Korea/GS Caltex	S: HSFO	Yeosu	43KTx2	Jun 1-7; Jun 8-14	Mercuria (Jun 8-14)
Mexico/PMI	S: HSFO	Singapore delivery	150KT	Jun 1-8	-
South Korea/S-Oil	S: Slurry	Onsan	22KT	Jun 1-3	Trafigura
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KB	Jun 1-2	-
Taiwan/CPC	S: LSFO	Kaohsiung	40-44KT	Jun 1-30	-
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Jun 1-30	-

(Reporting by Jeslyn Lerh)

SINGAPORE, July 13 (Reuters) - For tenders of crude and other oil products, please click:

Crude CRU/TENDA Naphtha NAP/TENDA Gasoline MOG/TENDA Jet/Diesel MDIS/TENDA Fuel Oil FUEL/TENDA

SPOT TENDERS
ISSUER	GRADE	PORT	VOLUME	LAYCAN	REMARKS
India/HPCL *	S: HSFO	Vizag; Mumbai	33KTx4	Vizag: Jul 31-Aug 2; Aug 6-8; Aug 12-14 / Mumbai: Aug 2-3	Close: Jul 14

RECENT TENDERS CLOSED (SORTED BY LAYCAN)
ISSUER	GRADE	PORT	VOLUME	LAYCAN	REMARKS
Taiwan/CPC	B: LSFO	Keelung	36KT	Aug 1-31	-
Taiwan/Formosa	S: HSFO	Mailiao	40KT	Jul 31-Aug 2	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KB	Jul 29-30	-
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Jul 28-30	-
South Korea/S-Oil	S: Light Cycle Oil	Onsan	300KB	Jul 28-30	-
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Jul 26-28	Vitol
Taiwan/Formosa	S: Pyrolysis Fuel Oil	Mailiao	10KT	Jul 24-28	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KB	Jul 24-26	-
India/BPCL	S: HSFO	Mumbai	25KT	Jul 21-22	ATC
India/HPCL	S: HSFO	Mumbai	33KT	Jul 20-22	-
India/HPCL	S: HSFO	Vizag	33KTx2	Jul 19-21; Jul 25-27	E3 (Jul 19-21); Trafigura (Jul 25-27)
Thailand/PTT	S: HSFO	Sriracha	18KT; 25KT	Jul 13-17; Jul 27-31	Trafigura (Jul 13-17); Shell (Jul 27-31)
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Jul 13-15	-
Malaysia/PRefChem	S: Slurry	Pengerang	55KB	Jul 12-13	-
Taiwan/CPC	S: LSFO	Kaohsiung	44-60KT	Jul 11-15	-
Vietnam/Nghi Son	S: Fuel Oil	Nghi Son	10KT	Jul 10-12	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KBx2	Jul 10-11; Jul 29-30	-
South Korea/S-Oil	S: Slurry	Onsan	23KT	Jul 8-12	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KBx3	Jul 7-9; Jul 12-14; Jul 18-20	-
India/HPCL	S: HSFO	Mumbai	33KT	Jul 6-9	-
India/HPCL	S: HSFO	Vizag	33KTx2	Jul 6-8; Jul 13-15	Shell
India/BPCL	S: HSFO	Mumbai	25KT	Jul 3-6	-
Taiwan/CPC	S: LSFO	Kaohsiung	40KT	Jul 2-6	Idemitsu
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Jul 1-3	Vitol
India/HPCL	B: VGO	Vizag	33KT	Jul 1-15	-
Taiwan/CPC	B: LSFO	Keelung	36KT	Jul 1-31	-
Pakistan/PRL	S: HSFO	Karachi	37KT	Jun 28-30	Trafigura
Vietnam/Nghi Son	B: SRFO	Nghi Son	30-35KT	Jun 27-29	-
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Jun 27-29	-
Sri Lanka/Ceypetco	B: Fuel Oil (180cst)	Colombo	30KT	Jun 27-28	-
India/HPCL	S: HSFO	Vizag	33KTx2	Jun 23-25; Jun 29-Jul 1	-
Taiwan/CPC	S: LSFO	Kaohsiung	40KT	Jun 22-26	Shell
Taiwan/CPC	S: CFB+LSFO	Taiwan	30KT	Jun 19-23	-
Nigeria/Dangote	S: Fuel Oil+CBFS	Lekki	130KT	Jun 18-19	-
Indonesia/Pertamina	S: Decant Oil	Balikpapan	70KBx2	Jun 16-17; Jun 26-27	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KBx2	Jun 12-13; Jun 16-17	-
Malaysia/PRefChem	S: Atmospheric Residue	Pengerang	500KB	Jun 15-16	Shell
India/BPCL	S: HSFO	Mumbai	25KT	Jun 12-13	-
South Korea/S-Oil	S: Light Cycle Oil	Onsan	270KBx2	Jun 10-14; Jun 25-29	-
India/HPCL	S: HSFO	Vizag	33KTx2	Jun 10-12; Jun 17-19	Trafigura (Jun 17-19)
Malaysia/PRefChem	S: Atmospheric Residue	Pengerang	300-500KB	Jun 8-9	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KBx2	Jun 6-7; Jun 25-26	-
Thailand/PTT	S: HSFO	Sriracha	18KTx1; 25KTx3	Jun 4-6; Jun 12-14; Jun 18-20 (18KT); Jun 25-27	-
India/HPCL	S: HSFO	Vizag	33KT	Jun 3-5	-
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Jun 3-5	-
South Korea/GS Caltex	S: HSFO	Yeosu	43KTx2	Jun 1-7; Jun 8-14	Mercuria (Jun 8-14)
Mexico/PMI	S: HSFO	Singapore delivery	150KT	Jun 1-8	-
South Korea/S-Oil	S: Slurry	Onsan	22KT	Jun 1-3	Trafigura
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KB	Jun 1-2	-
Taiwan/CPC	S: LSFO	Kaohsiung	40-44KT	Jun 1-30	-
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Jun 1-30	-

(Reporting by Jeslyn Lerh)

India's MRPL up after ONGC plans new strategic oil reserve in Mangalore

Jul 10, 2026

Indian Oil, HPCL buy 8 million barrels of crude via tenders, trade sources say

Jul 06, 2026

Updates with HPCL's purchase in para 6

SINGAPORE/NEW DELHI, July 6 (Reuters) - Indian state refiners Indian Oil Corp IOC.NS and Hindustan Petroleum Corp HPCL.NS have together purchased about 8 million barrels of crude oil through tenders last week, trade sources said on Monday.

Prices for the deals were not immediately available.

IOC bought about 1 million barrels of Angola's Kissanje crude from Cathay Petroleum, the sources said. It also purchased 2 million barrels of Nigeria's Agbami and Usan crude from Trafigura, and a further 2 million barrels of Angola's Nemba and Dalia crude from Chevron.

The cargoes are scheduled for delivery between late August and early September.

Separately, HPCL bought 2 million barrels of Brazil's Tupi crude, the sources said.

One of the sources said HPCL also bought 1 million barrels of Kazakhstan's CPC oil via the tender. The cargoes are scheduled for delivery in August and September.

The companies typically do not comment on their commercial sales.

(Reporting by Siyi Liu in Singapore and Nidhi Verma in New Delhi; Editing by Diti Pujara and Harikrishnan Nair)

Updates with HPCL's purchase in para 6

Prices for the deals were not immediately available.

The cargoes are scheduled for delivery between late August and early September.

Separately, HPCL bought 2 million barrels of Brazil's Tupi crude, the sources said.

One of the sources said HPCL also bought 1 million barrels of Kazakhstan's CPC oil via the tender. The cargoes are scheduled for delivery in August and September.

The companies typically do not comment on their commercial sales.

(Reporting by Siyi Liu in Singapore and Nidhi Verma in New Delhi; Editing by Diti Pujara and Harikrishnan Nair)

Asia Fuel Oil Tenders Summary-India's HPCL offers more HSFO for July

Jun 29, 2026

SINGAPORE, June 29 (Reuters) - For tenders of crude and other oil products, please click:

Crude CRU/TENDA Naphtha NAP/TENDA Gasoline MOG/TENDA Jet/Diesel MDIS/TENDA Fuel Oil FUEL/TENDA

SPOT TENDERS
ISSUER	GRADE	PORT	VOLUME	LAYCAN	REMARKS
India/HPCL *	S: HSFO	Vizag	33KTx2	Jul 19-21; Jul 25-27	Closing Jun 30

(further updates recent tenders closed)

RECENT TENDERS CLOSED (SORTED BY LAYCAN)
ISSUER	GRADE	PORT	VOLUME	LAYCAN	REMARKS
Taiwan/CPC	B: LSFO	Keelung	36KT	Aug 1-31	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KB	Jul 29-30	-
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Jul 28-30	-
South Korea/S-Oil	S: Light Cycle Oil	Onsan	300KB	Jul 28-30	-
Taiwan/Formosa	S: Pyrolysis Fuel Oil	Mailiao	10KT	Jul 24-28	-
Thailand/PTT	S: HSFO	Sriracha	18KT; 25KT	Jul 13-17; Jul 27-31	Trafigura (Jul 13-17); Shell (Jul 27-31)
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Jul 13-15	-
Malaysia/PRefChem	S: Slurry	Pengerang	55KB	Jul 12-13	-
Taiwan/CPC	S: LSFO	Kaohsiung	44-60KT	Jul 11-15	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KBx2	Jul 10-11; Jul 29-30	-
South Korea/S-Oil	S: Slurry	Onsan	23KT	Jul 8-12	-
India/HPCL	S: HSFO	Mumbai	33KT	Jul 6-9	-
India/HPCL	S: HSFO	Vizag	33KTx2	Jul 6-8; Jul 13-15	Shell
India/BPCL	S: HSFO	Mumbai	25KT	Jul 3-6	-
Taiwan/CPC	S: LSFO	Kaohsiung	40KT	Jul 2-6	Idemitsu
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Jul 1-3	Vitol
India/HPCL	B: VGO	Vizag	33KT	Jul 1-15	-
Taiwan/CPC	B: LSFO	Keelung	36KT	Jul 1-31	-
Pakistan/PRL	S: HSFO	Karachi	37KT	Jun 28-30	Trafigura
Vietnam/Nghi Son	B: SRFO	Nghi Son	30-35KT	Jun 27-29	-
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Jun 27-29	-
Sri Lanka/Ceypetco	B: Fuel Oil (180cst)	Colombo	30KT	Jun 27-28	-
India/HPCL	S: HSFO	Vizag	33KTx2	Jun 23-25; Jun 29-Jul 1	-
Taiwan/CPC	S: LSFO	Kaohsiung	40KT	Jun 22-26	Shell
Taiwan/CPC	S: CFB+LSFO	Taiwan	30KT	Jun 19-23	-
Nigeria/Dangote	S: Fuel Oil+CBFS	Lekki	130KT	Jun 18-19	-
Indonesia/Pertamina	S: Decant Oil	Balikpapan	70KBx2	Jun 16-17; Jun 26-27	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KBx2	Jun 12-13; Jun 16-17	-
Malaysia/PRefChem	S: Atmospheric Residue	Pengerang	500KB	Jun 15-16	Shell
India/BPCL	S: HSFO	Mumbai	25KT	Jun 12-13	-
South Korea/S-Oil	S: Light Cycle Oil	Onsan	270KBx2	Jun 10-14; Jun 25-29	-
India/HPCL	S: HSFO	Vizag	33KTx2	Jun 10-12; Jun 17-19	Trafigura (Jun 17-19)
Malaysia/PRefChem	S: Atmospheric Residue	Pengerang	300-500KB	Jun 8-9	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KBx2	Jun 6-7; Jun 25-26	-
Thailand/PTT	S: HSFO	Sriracha	18KTx1; 25KTx3	Jun 4-6; Jun 12-14; Jun 18-20 (18KT); Jun 25-27	-
India/HPCL	S: HSFO	Vizag	33KT	Jun 3-5	-
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Jun 3-5	-
South Korea/GS Caltex	S: HSFO	Yeosu	43KTx2	Jun 1-7; Jun 8-14	Mercuria (Jun 8-14)
Mexico/PMI	S: HSFO	Singapore delivery	150KT	Jun 1-8	-
South Korea/S-Oil	S: Slurry	Onsan	22KT	Jun 1-3	Trafigura
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KB	Jun 1-2	-
Taiwan/CPC	S: LSFO	Kaohsiung	40-44KT	Jun 1-30	-
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Jun 1-30	-
India/HPCL	S: HSFO	Mumbai	33KTx2	May 26-28; Jun 4-6	E3 (Jun 4-6)
Indonesia/Pertamina	S: Decant Oil	Balongan	70KB	May 26-27	-
Taiwan/CPC	S: CFB+LSFO	Keelung+Kaohsiung	40KT	May 22-26	-
India/MRPL	S: VLSFO	New Mangalore	25KT	May 20-21	-
India/HPCL	S: HSFO	Vizag	33KTx2	May 19-21; May 26-28	Trafigura (May 26-28)
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KBx2	May 18-19; May 22-23	-
Thailand/Bangchak	S: LSWR	Sriracha	30KT	May 18-20	-
Vietnam/Nghi Son	B: SRFO	Nghi Son	30-35KT	May 25-30	-
South Korea/GS Caltex	S: HSFO	Yeosu	45KTx2	May 15-19; May 20-24	Shell
Nigeria/Dangote	S: Fuel Oil+Slurry	Lekki	130KT	May 11-13	ATC
India/HPCL	S: HSFO	Mumbai	33KT	May 11-13	-
Vietnam/Nghi Son	S: Fuel Oil	Nghi Son	10KT	May 10-12	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KBx2	May 10-11; May 14-15	-
Taiwan/Formosa	S: Pyrolysis Fuel Oil	Mailiao	10KT	May 10-14	-
Thailand/PTT	S: HSFO	Sriracha	18KTx1; 25KTx3	May 5-7; May 15-17; May 23-25; May 29-31	Trafigura (May 15-17, May 23-25); Shell (May 29-31)
Sri Lanka/Ceypetco	B: LSFO	Colombo	30KT	May 1-8	-
India/HPCL	B: VGO	Vizag	33KTx2	May 1-15; May 16-31	Vitol (May 16-31)
Taiwan/CPC	B: LSFO	Keelung	36KT	May 1-31	-

(Reporting by Jeslyn Lerh)

SINGAPORE, June 29 (Reuters) - For tenders of crude and other oil products, please click:

Crude CRU/TENDA Naphtha NAP/TENDA Gasoline MOG/TENDA Jet/Diesel MDIS/TENDA Fuel Oil FUEL/TENDA

SPOT TENDERS
ISSUER	GRADE	PORT	VOLUME	LAYCAN	REMARKS
India/HPCL *	S: HSFO	Vizag	33KTx2	Jul 19-21; Jul 25-27	Closing Jun 30

(further updates recent tenders closed)

RECENT TENDERS CLOSED (SORTED BY LAYCAN)
ISSUER	GRADE	PORT	VOLUME	LAYCAN	REMARKS
Taiwan/CPC	B: LSFO	Keelung	36KT	Aug 1-31	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KB	Jul 29-30	-
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Jul 28-30	-
South Korea/S-Oil	S: Light Cycle Oil	Onsan	300KB	Jul 28-30	-
Taiwan/Formosa	S: Pyrolysis Fuel Oil	Mailiao	10KT	Jul 24-28	-
Thailand/PTT	S: HSFO	Sriracha	18KT; 25KT	Jul 13-17; Jul 27-31	Trafigura (Jul 13-17); Shell (Jul 27-31)
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Jul 13-15	-
Malaysia/PRefChem	S: Slurry	Pengerang	55KB	Jul 12-13	-
Taiwan/CPC	S: LSFO	Kaohsiung	44-60KT	Jul 11-15	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KBx2	Jul 10-11; Jul 29-30	-
South Korea/S-Oil	S: Slurry	Onsan	23KT	Jul 8-12	-
India/HPCL	S: HSFO	Mumbai	33KT	Jul 6-9	-
India/HPCL	S: HSFO	Vizag	33KTx2	Jul 6-8; Jul 13-15	Shell
India/BPCL	S: HSFO	Mumbai	25KT	Jul 3-6	-
Taiwan/CPC	S: LSFO	Kaohsiung	40KT	Jul 2-6	Idemitsu
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Jul 1-3	Vitol
India/HPCL	B: VGO	Vizag	33KT	Jul 1-15	-
Taiwan/CPC	B: LSFO	Keelung	36KT	Jul 1-31	-
Pakistan/PRL	S: HSFO	Karachi	37KT	Jun 28-30	Trafigura
Vietnam/Nghi Son	B: SRFO	Nghi Son	30-35KT	Jun 27-29	-
Thailand/PTT	S: LSFO	Map Ta Phut	35KT	Jun 27-29	-
Sri Lanka/Ceypetco	B: Fuel Oil (180cst)	Colombo	30KT	Jun 27-28	-
India/HPCL	S: HSFO	Vizag	33KTx2	Jun 23-25; Jun 29-Jul 1	-
Taiwan/CPC	S: LSFO	Kaohsiung	40KT	Jun 22-26	Shell
Taiwan/CPC	S: CFB+LSFO	Taiwan	30KT	Jun 19-23	-
Nigeria/Dangote	S: Fuel Oil+CBFS	Lekki	130KT	Jun 18-19	-
Indonesia/Pertamina	S: Decant Oil	Balikpapan	70KBx2	Jun 16-17; Jun 26-27	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KBx2	Jun 12-13; Jun 16-17	-
Malaysia/PRefChem	S: Atmospheric Residue	Pengerang	500KB	Jun 15-16	Shell
India/BPCL	S: HSFO	Mumbai	25KT	Jun 12-13	-
South Korea/S-Oil	S: Light Cycle Oil	Onsan	270KBx2	Jun 10-14; Jun 25-29	-
India/HPCL	S: HSFO	Vizag	33KTx2	Jun 10-12; Jun 17-19	Trafigura (Jun 17-19)
Malaysia/PRefChem	S: Atmospheric Residue	Pengerang	300-500KB	Jun 8-9	-
Indonesia/Pertamina	S: Decant Oil	Balongan	200KBx2	Jun 6-7; Jun 25-26	-
Thailand/PTT	S: HSFO	Sriracha	18KTx1; 25KTx3	Jun 4-6; Jun 12-14; Jun 18-20 (18KT); Jun 25-27	-
India/HPCL	S: HSFO	Vizag	33KT	Jun 3-5	-
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Jun 3-5	-
South Korea/GS Caltex	S: HSFO	Yeosu	43KTx2	Jun 1-7; Jun 8-14	Mercuria (Jun 8-14)
Mexico/PMI	S: HSFO	Singapore delivery	150KT	Jun 1-8	-
South Korea/S-Oil	S: Slurry	Onsan	22KT	Jun 1-3	Trafigura
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KB	Jun 1-2	-
Taiwan/CPC	S: LSFO	Kaohsiung	40-44KT	Jun 1-30	-
Taiwan/Formosa	S: Main Column Bottoms	Mailiao	40KT	Jun 1-30	-
India/HPCL	S: HSFO	Mumbai	33KTx2	May 26-28; Jun 4-6	E3 (Jun 4-6)
Indonesia/Pertamina	S: Decant Oil	Balongan	70KB	May 26-27	-
Taiwan/CPC	S: CFB+LSFO	Keelung+Kaohsiung	40KT	May 22-26	-
India/MRPL	S: VLSFO	New Mangalore	25KT	May 20-21	-
India/HPCL	S: HSFO	Vizag	33KTx2	May 19-21; May 26-28	Trafigura (May 26-28)
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KBx2	May 18-19; May 22-23	-
Thailand/Bangchak	S: LSWR	Sriracha	30KT	May 18-20	-
Vietnam/Nghi Son	B: SRFO	Nghi Son	30-35KT	May 25-30	-
South Korea/GS Caltex	S: HSFO	Yeosu	45KTx2	May 15-19; May 20-24	Shell
Nigeria/Dangote	S: Fuel Oil+Slurry	Lekki	130KT	May 11-13	ATC
India/HPCL	S: HSFO	Mumbai	33KT	May 11-13	-
Vietnam/Nghi Son	S: Fuel Oil	Nghi Son	10KT	May 10-12	-
Indonesia/Pertamina	S: V-1250 LSWR (0.45% S max)	Balikpapan	200KBx2	May 10-11; May 14-15	-
Taiwan/Formosa	S: Pyrolysis Fuel Oil	Mailiao	10KT	May 10-14	-
Thailand/PTT	S: HSFO	Sriracha	18KTx1; 25KTx3	May 5-7; May 15-17; May 23-25; May 29-31	Trafigura (May 15-17, May 23-25); Shell (May 29-31)
Sri Lanka/Ceypetco	B: LSFO	Colombo	30KT	May 1-8	-
India/HPCL	B: VGO	Vizag	33KTx2	May 1-15; May 16-31	Vitol (May 16-31)
Taiwan/CPC	B: LSFO	Keelung	36KT	May 1-31	-

(Reporting by Jeslyn Lerh)

BP signs technical services contract with ONGC for Western Offshore Basin fields

Jun 25, 2026

BP signed a technical services contract with India’s ONGC on June 25, 2026 to support fields in the Western Offshore Basin.
ONGC keeps ownership and operational control; BP will work on interventions to slow decline, lift recovery, improve efficiency.
BP will earn a fixed fee for two years, then a service fee tied to a percentage of revenue from net incremental production.
Deal expands an ONGC-BP technical services partnership beyond Mumbai High, where the companies reported moderated decline in the first year.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BP plc published the original content used to generate this news brief on June 25, 2026, and is solely responsible for the information contained therein.

BP signed a technical services contract with India’s ONGC on June 25, 2026 to support fields in the Western Offshore Basin.
ONGC keeps ownership and operational control; BP will work on interventions to slow decline, lift recovery, improve efficiency.
BP will earn a fixed fee for two years, then a service fee tied to a percentage of revenue from net incremental production.
Deal expands an ONGC-BP technical services partnership beyond Mumbai High, where the companies reported moderated decline in the first year.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BP plc published the original content used to generate this news brief on June 25, 2026, and is solely responsible for the information contained therein.

ROI-Iran war triggers global race to build oil reserves: Bousso

Jun 22, 2026

The opinions expressed here are those of the author, a columnist for Reuters

By Ron Bousso

LONDON, June 22 (Reuters) - Vulnerable countries that paid a high economic price during the Iran war are seeking to build domestic oil and gas storage buffers against future shocks, a drive that could bring roughly half a billion barrels of additional demand down the pike.

While the near-total closure of the Strait of Hormuz cut off a fifth of global oil and liquefied natural gas supplies for over three months – reshuffling energy markets and boosting Brent crude LCOc1 to nearly $120 a barrel – it could have been far worse.

One key stabilizing force was the world’s ability to tap emergency reserves.

Early in the conflict, all 32 members of the International Energy Agency agreed to a record 400 million-barrel release from strategic petroleum reserves (SPRs), with the U.S. contributing the largest share.

The drawdown — the sixth since the energy watchdog's creation — validated a strategy forged after the 1973 Arab Oil Embargo, under which IEA members must hold emergency stocks equal to at least 90 days of net imports.

China offered a second lesson.

Although not a full IEA member, China has spent years building what is believed to be the world's largest SPR, holding more than a billion barrels to guard against such a scenario.

With this "rainy day fund," the world's largest energy importer reduced crude purchases by more than a third during the war. It may not have drawn down reserves by as much as the import drop implied, but it signalled a willingness and ability to tap its stockpile.

Stepping away from the market during a period of tight supply and high prices saved Beijing billions of dollars and helped insulate it from the economic distress seen elsewhere in Asia, which relies on the Middle East for roughly 60% of energy imports.

The pain was particularly acute in India, Pakistan, Thailand and other economies with limited domestic reserves. Lacking substantial emergency stockpiles, governments turned to subsidies, fuel curbs, shorter work weeks and other austerity measures to curb consumption.

Many vulnerable importers are now likely to expand their SPRs where fiscal space allows, while those unable to afford it may strengthen demand-reduction plans instead.

THE RUSH FOR SPR

India is in clear need of larger strategic reserves. It is the world's most populous nation, the third-largest oil importer and the second-largest importer of liquefied petroleum gas used for cooking, and is set to become the single biggest source of global oil demand growth through 2030, according to the IEA.

Yet India is not a full IEA member and did not join the agency's coordinated reserve release during the war. Its reserve covers just eight days of imports; meeting the IEA's 90-day standard would require more than 400 million additional barrels, costing roughly $28 billion at $70 per barrel.

New Delhi now appears to be moving in that direction, asking Oil and Natural Gas Corporation ONGC.NS to build a 1.75 million-tonne — nearly 13 million-barrel — reserve that could expand India's emergency storage capacity by about one-third, the Economic Times reported.

Pakistan is in a similar position. It relied on the Middle East for about 90% of its oil and LNG imports before the war and is now looking to expand domestic storage. Building reserves equivalent to 90 days of imports would require around 35 million additional barrels.

Australia, the only full IEA member that consistently failed to meet the agency's SPR requirement, has announced plans to spend $7 billion to hold at least 50 days of fuel.

Other countries, including Asia's top oil-refining hub Singapore, are also considering building or expanding strategic oil and gas storage.

Europe already has an extensive gas storage system to manage seasonal demand, particularly in winter. But with imported LNG now accounting for more than 40% of its gas supply — and over 60% of those imports coming from the U.S. — the region may opt to build additional government-controlled storage.

Even energy producers are moving in this direction. Gulf national oil companies are seeking more storage outside the region to preserve export flexibility in a crisis.

Saudi Aramco <2222.SE>, which already operates storage facilities in Japan, South Korea, Egypt and northwest Europe, has signalled it is considering further expansion.

OIL PRICE IMPACT

Taken together, these new storage plans could require around 500 million barrels of crude and refined products, based on ROI calculations.

Depleted inventories will also need refilling. Roughly 400 million barrels have already been drawn from global stocks since the start of the war, according to the IEA, with draws likely to continue through the summer even after Hormuz reopens.

Combined, that amounts to roughly 1 billion barrels of additional demand. Even if spread over several years, it would provide significant price support.

The timing may be favourable. The IEA expects global oil supply to surge next year as Middle East production recovers, potentially outstripping demand by more than 4 million barrels per day. Even a major storage-driven demand increase might therefore not send crude prices soaring.

That may not hold if Gulf supply recovers more slowly than expected, whether because of logistical problems or a breakdown in the Middle East's precarious new balance of power.

The longer-term implications of this “urge to hoard” are even more complex. A world with significantly larger strategic reserves may prove more resilient to shocks, which could anchor prices over time. With greater buffers in place, countries such as India may reduce purchases during periods of tight supply – just like China – dampening price spikes.

As the Hormuz shock subsides, the lesson for importers is clear: "impossible" disruptions can happen, last longer than expected, and hit hardest where there is no cushion.

(The opinions expressed here are those of Ron Bousso, a columnist for Reuters.)

Enjoying this column? Check out Reuters Open Interest (ROI), your essential new source for global financial commentary. Follow ROI on LinkedIn, and X.

And listen to the Morning Bid daily podcast on Apple, Spotify, or the Reuters app. Subscribe to hear Reuters journalists discuss the biggest news in markets and finance seven days a week.

(Ron Bousso
Editing by Marguerita Choy)

(([email protected] +447887626565))

The opinions expressed here are those of the author, a columnist for Reuters

By Ron Bousso

One key stabilizing force was the world’s ability to tap emergency reserves.

China offered a second lesson.

Although not a full IEA member, China has spent years building what is believed to be the world's largest SPR, holding more than a billion barrels to guard against such a scenario.

Many vulnerable importers are now likely to expand their SPRs where fiscal space allows, while those unable to afford it may strengthen demand-reduction plans instead.

THE RUSH FOR SPR

Australia, the only full IEA member that consistently failed to meet the agency's SPR requirement, has announced plans to spend $7 billion to hold at least 50 days of fuel.

Other countries, including Asia's top oil-refining hub Singapore, are also considering building or expanding strategic oil and gas storage.

Even energy producers are moving in this direction. Gulf national oil companies are seeking more storage outside the region to preserve export flexibility in a crisis.

Saudi Aramco <2222.SE>, which already operates storage facilities in Japan, South Korea, Egypt and northwest Europe, has signalled it is considering further expansion.

OIL PRICE IMPACT

Taken together, these new storage plans could require around 500 million barrels of crude and refined products, based on ROI calculations.

Combined, that amounts to roughly 1 billion barrels of additional demand. Even if spread over several years, it would provide significant price support.

That may not hold if Gulf supply recovers more slowly than expected, whether because of logistical problems or a breakdown in the Middle East's precarious new balance of power.

As the Hormuz shock subsides, the lesson for importers is clear: "impossible" disruptions can happen, last longer than expected, and hit hardest where there is no cushion.

(The opinions expressed here are those of Ron Bousso, a columnist for Reuters.)

Enjoying this column? Check out Reuters Open Interest (ROI), your essential new source for global financial commentary. Follow ROI on LinkedIn, and X.

And listen to the Morning Bid daily podcast on Apple, Spotify, or the Reuters app. Subscribe to hear Reuters journalists discuss the biggest news in markets and finance seven days a week.

(Ron Bousso
Editing by Marguerita Choy)

(([email protected] +447887626565))

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