Gully Analytics

Indian Oil Corporation (IOCL) Fitch Ratings has affirmed IOCL’s Long-Term Foreign-Currency Issuer Default Rating at BBB minus with a Stable outlook, equalising it with the

Supply Security India Turns to Russia, Brazil, and Venezuela for Crude: Russia remains India’s top supplier, while imports from Brazil, Venezuela, Nigeria, and Angola are

Petrochemical Expansion BPCL has signed a non-binding MoU with Rossari Biotech Limited, a leading Indian specialty chemicals manufacturer, at India Energy Week 2026. The potential

1) Carbon Capture, Utilization & Storage (CCUS): Allocation of INR20,000 crore (US$2.19bn) over 5 years. It’s the first large, explicit fiscal push for CCUS in

Petrochemical Expansion The future of India’s chemicals and petrochemicals industry will be shaped by global demand shifts, sustainability imperatives and market evolution. Together, these forces

Oil products consumption in India was very robust during November 2025 to total 21.3 KT (5.7 MMBD), an increase of 5.5%, m-o-m and 3.0%, y-o-y.