ORGANISATION · IN · NAICS 324110 Petroleum refineries (LPG import and distribution)
Indian Oil Corporation Limited
iocl.com · 1 documented exposure in the atlas.
Grain-drying propane in the western Corn Belt: a late, wet Iowa harvest meets record US propane exports and lower Midwest stocks, autumn 2026
Competitor · Supply chain · evidenced · Demand shock, 2026-10-07
“State-run BPCL and IOC have made spot LPG purchases this week for May and June loadings at US Mont Belvieu prices at a premium of 47¢ per gallon and in the low-20s¢ to high-30s¢ per gallon, respectively, traders with knowledge of the matter told Argus .” — source, 2026-11-04
Argus shows IOC buying US cargoes priced off Mont Belvieu in 2026, on top of its term contract. Inferred: it competes with Midwest buyers for the same Gulf propane, so its buying adds to the export pace; how much it would bid in a Midwest squeeze is not shown.
Series concerned: us-propane-exports-kbd mont-belvieu-propane-spot-usd-gal · read the edition →
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