India Crude Oil
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Russia Turns To India For Fuel Amid Shortages: Report
Gasoline consumption in Russia is at least 110,000 tons per day in summer, when demand for fuel is high.
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India's Oil Import Cost Falls Below $70, But Fuel Prices May Not Drop. Why?
The latest decline is expected to reduce the country's oil import bill and improve macroeconomic indicators, including inflation and trade balance.
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India Speeds Up Oil, LPG Import Deals Amid Middle East Supply Shock
India has fast-tracked signing of contracts to diversify import crude oil and LPG, industry sources told NDTV Thursday. Sources said contracts are being finalised after 'detailed negotiations on rates that suits India's economic interests'.
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Iran War Pushes India's Crude Oil Basket To $85/barrel, A 19-month High
The price of the Indian basket of crude oil rising to $85.24 per barrel on March 4, the highest level since July 2024.
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Strait Of Hormuz: When A Narrow Waterway Dictates India's Economic Weather
The crisis unfolding across the Middle East has pushed an old geographic truth back into the foreground: a thin blue channel, wedged between hostile shores, can rattle an entire economy thousands of kilometres away.
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Will Continue To Buy Cheap, Best Quality Oil: Centre To Parliamentary Panel
The government on informed a parliamentary panel that India will continue to import crude oil from the countries where it is cheap and of the best quality, and the Indian oil companies will purchase oil, considering the geopolitical situation.
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Open To Importing Venezuelan Crude Oil Based On Commercial Viability: India
India on Thursday said that it continues to keep its options open for sourcing crude oil from Venezuela and other regions, depending on commercial viability, amidst claims by the United States that it has stopped buying Russian oil.
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India's Crude Oil Imports Dropped To Near 18-Month Low In July: Report
India's crude oil imports fell 8.7% in July to 18.56 million metric tons month-on-month, the lowest level since February 2024, government data showed on Monday.
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India Gorges On Cheap Russian Crude, But Its Fuel Exports At Risk: Russell
Imports of Russian crude by India hit a record high in May, and will likely rise again in June, according to data compiled by commodity analysts Kpler.
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India Plans To Double Down On Importing Russian Oil
India is looking to double down on its Russian oil imports with state-owned refiners eager to take more heavily-discounted supplies from Rosneft PJSC as international players turn down dealings with Moscow over its invasion of Ukraine.
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Opinion: India Gorges On Cheap Russian Crude, But There's A Big Risk
Indian oil refiners are sucking up cheap Russian crude, but the risk is that their exports of refined products will eventually attract sanctions from countries determined to cut Russian energy out of global markets.
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India Keen To Boost Oil Imports From Brazil - Report
India is looking to import oil from Brazil under special long term contracts
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India Keen To Boost Oil Imports From Brazil - Report
India, which meets about 84% of its oil needs through imports, is looking at ways to cut its import bill including stepping up use of bio-fuels.
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Indian Refiners Hike Crude Processing In February To Meet Demand Rise
India's fuel consumption had its biggest year-on-year jump since August 2021, up 5.4% in February compared with the same month in 2021.
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India's June Crude Imports Hit 8-Month Low As Virus Dampens Demand
India's crude oil imports in June dropped to their lowest level in eight months as refiners cut down processing in the face of a tumultuous second wave of the coronavirus, government data showed on Wednesday.
-
Russia Turns To India For Fuel Amid Shortages: Report
Gasoline consumption in Russia is at least 110,000 tons per day in summer, when demand for fuel is high.
-
India's Oil Import Cost Falls Below $70, But Fuel Prices May Not Drop. Why?
The latest decline is expected to reduce the country's oil import bill and improve macroeconomic indicators, including inflation and trade balance.
-
India Speeds Up Oil, LPG Import Deals Amid Middle East Supply Shock
India has fast-tracked signing of contracts to diversify import crude oil and LPG, industry sources told NDTV Thursday. Sources said contracts are being finalised after 'detailed negotiations on rates that suits India's economic interests'.
-
Iran War Pushes India's Crude Oil Basket To $85/barrel, A 19-month High
The price of the Indian basket of crude oil rising to $85.24 per barrel on March 4, the highest level since July 2024.
-
Strait Of Hormuz: When A Narrow Waterway Dictates India's Economic Weather
The crisis unfolding across the Middle East has pushed an old geographic truth back into the foreground: a thin blue channel, wedged between hostile shores, can rattle an entire economy thousands of kilometres away.
-
Will Continue To Buy Cheap, Best Quality Oil: Centre To Parliamentary Panel
The government on informed a parliamentary panel that India will continue to import crude oil from the countries where it is cheap and of the best quality, and the Indian oil companies will purchase oil, considering the geopolitical situation.
-
Open To Importing Venezuelan Crude Oil Based On Commercial Viability: India
India on Thursday said that it continues to keep its options open for sourcing crude oil from Venezuela and other regions, depending on commercial viability, amidst claims by the United States that it has stopped buying Russian oil.
-
India's Crude Oil Imports Dropped To Near 18-Month Low In July: Report
India's crude oil imports fell 8.7% in July to 18.56 million metric tons month-on-month, the lowest level since February 2024, government data showed on Monday.
-
India Gorges On Cheap Russian Crude, But Its Fuel Exports At Risk: Russell
Imports of Russian crude by India hit a record high in May, and will likely rise again in June, according to data compiled by commodity analysts Kpler.
-
India Plans To Double Down On Importing Russian Oil
India is looking to double down on its Russian oil imports with state-owned refiners eager to take more heavily-discounted supplies from Rosneft PJSC as international players turn down dealings with Moscow over its invasion of Ukraine.
-
Opinion: India Gorges On Cheap Russian Crude, But There's A Big Risk
Indian oil refiners are sucking up cheap Russian crude, but the risk is that their exports of refined products will eventually attract sanctions from countries determined to cut Russian energy out of global markets.
-
India Keen To Boost Oil Imports From Brazil - Report
India is looking to import oil from Brazil under special long term contracts
-
India Keen To Boost Oil Imports From Brazil - Report
India, which meets about 84% of its oil needs through imports, is looking at ways to cut its import bill including stepping up use of bio-fuels.
-
Indian Refiners Hike Crude Processing In February To Meet Demand Rise
India's fuel consumption had its biggest year-on-year jump since August 2021, up 5.4% in February compared with the same month in 2021.
-
India's June Crude Imports Hit 8-Month Low As Virus Dampens Demand
India's crude oil imports in June dropped to their lowest level in eight months as refiners cut down processing in the face of a tumultuous second wave of the coronavirus, government data showed on Wednesday.
