India Rejigs Crude Imports As Saudi Gains

26 Feb 2026 CW Team

India has adjusted its crude oil import mix as purchases from Saudi Arabia have risen while supplies from Russia have slowed. State refiners and private buyers have increased flows from Saudi Arabia to secure steady deliveries and to optimise refinery runs for higher middle distillate yield and to secure more favourable payment terms. The shift reflects a response to ongoing logistical constraints on Russian crude and the appeal of stable long term contracts and predictable shipments.

Market participants reported that purchases from Saudi suppliers have risen by about 20 per cent in recent weeks as buyers sought to replace some grades previously sourced from Russia. The rebalancing has led refiners to recalibrate processing schedules to handle the heavier Arabian grades that favour diesel and jet fuel output. Trade routes have adjusted with more shipments arriving at western and southern ports to smooth feedstock availability and to shore up buffer stocks.

Slower Russian deliveries were attributed by traders to prolonged loading delays, resource reallocation and seasonal maintenance, prompting buyers to diversify sources. Price differentials narrowed as demand for alternative barrels increased and freight costs responded to changing voyage patterns. Refining margins remained under pressure but were supported by steady domestic demand for transport fuels and petrochemical feedstocks.

Analysts expect India to maintain a flexible procurement strategy to safeguard energy security and to capitalise on competitive offers from multiple suppliers. The government and industry stakeholders are understood to be monitoring supply chains and inventory levels closely to prevent disruptions during peak demand periods. The market will continue to weigh geopolitical developments, freight rates and shipping dynamics as determinants of crude sourcing decisions.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..