Continue Reading
Full article on OilPrice.com
India’s Refiners Turn to the U.S. in Break from the Gulf
Market Intelligence Analysis
AI-Powered
Why This Matters
India's state-run refiners have secured a long-term deal to import U.S. liquefied petroleum gas (LPG) from Chevron, Phillips 66, and TotalEnergies Trading, marking a shift away from the Middle East and towards a stronger relationship with the U.S.
Market Impact
Market impact analysis based on bullish sentiment with 70% confidence.
Sentiment
Bullish
AI Confidence
70%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
India’s state-run refiners have locked in their first-ever long-term deal to import U.S. liquefied petroleum gas (LPG), awarding tenders to Chevron, Phillips 66, and TotalEnergies Trading for delivery beginning in 2026—a move that marks a geopolitical and commercial break from the Middle East and a step toward appeasing Washington. The deal covers around 2 million metric tons of LPG—some 48 very large gas carrier cargoes—jointly purchased by Indian Oil, Bharat Petroleum, and Hindustan Petroleum. It’s the first time…
Original article published by
OilPrice.com
on November 14, 2025.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.