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India's Biggest Refiner Partners with World's Top Crude Trader
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Why This Matters
India's largest refiner, Indian Oil Corporation, is partnering with Vitol to launch a trading joint venture in early 2026, expanding its presence in the global crude and fuels market.
Market Impact
Market impact analysis based on bullish sentiment with 85% confidence.
Sentiment
Bullish
AI Confidence
85%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
India’s biggest refiner, state-held Indian Oil Corporation Ltd, is preparing to launch in early 2026 a trading joint venture with the world’s biggest independent oil trader, Vitol, to trade crude and fuels, a source familiar with the plans told Reuters on Wednesday. Indian Oil, which together with its unit Chennai Petroleum holds about 31% of all of India’s refining capacity, had discussed a venture with supermajors BP and TotalEnergies and commodity trading giant Trafigura, before picking Vitol for the new trading JV, according…
Original article published by
OilPrice.com
on October 29, 2025.
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Analysis and insights provided by AnalystMarkets AI.