India Cuts Oil Imports From Iran
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Oil Firms Bleeding Rs 1,600 Crore Daily To Shield Buyers From Price Hike
According to analysts, OMCs are incurring an estimated loss of Rs 1,600 crore daily. These losses are set to drag their quarterly results down.
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India Most Vulnerable To Prolonged Disruptions To Mideast Oil, Analysts Say
India, a fast-growing oil consumer, is the country most vulnerable to crude supply shocks if the Middle East conflict leads to a prolonged disruption in shipments from the region, mainly because of its thin reserves, analysts said.
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India's Decision To Buy Iran Oil, Russian Missiles "Not Helpful", Says US
India's decision to continue buying oil from Iran after November 4 and purchase of the S-400 Triumf air defence system from Russia is "not helpful" and the US is reviewing it "very carefully", the State Department has said.
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Iran Left With Just 2 Oil Clients In India After Firm Cancels Imports
Chennai Petroleum will stop processing Iranian crude oil from October to keep its insurance coverage once new sanctions by the United States against Iran go into effect, three sources familiar with the issue said.
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India's Iran Oil Purchases To Fade Ahead Of US Sanctions: Report
Indian refiners will cut their monthly crude loadings from Iran for September and October by nearly half from earlier this year as the government works to win waivers on the oil export sanctions Washington plans to reimpose on Tehran in November. India's loadings from Iran for this month and next will drop to less than 12 million barrels each, afte...
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Expect India To Cut Oil Imports From Iran To Zero By November, Says US
The United States does not intend to "penalise great strategic partners like India" but at the same time it expected all countries including India to cut oil imports from Iran to "zero" by November, US Secretary of State Mike Pompeo said on Thursday.
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US Chokes Iran Oil Flows To Buyers Who Vowed Resistance, Including India
The world's top oil buyers are discovering that U.S. sanctions on Iran will squeeze their trade flows whether they agree with America or not.
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Iran Replaces Saudi Arabia As 2nd Largest Oil Supplier To India
Iran was the second-biggest oil supplier to Indian state refiners between April and June, India's oil minister Dharmendra Pradhan said today, replacing Saudi Arabia as companies took advantage of steeper discounts offered by Tehran.
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India Will Lose "All Other Privileges" If It Cuts Oil Imports, Warns Iran
Iran on Tuesday criticised India for not fulfilling its promise of making investments in expansion of the strategically located Chabahar port and said New Delhi will stand to lose "special privileges" if it cuts import of Iranian oil.
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"India Should Rethink Relationship With Iran": Nikki Haley To NDTV
Nikki Haley, the US Ambassador to the United Nations, has told NDTV that India needs to "rethink its relationship with Iran" and she had a "constructive conversation" with Prime Minister Narendra Modi about cutting oil imports from there.
-
Oil Firms Bleeding Rs 1,600 Crore Daily To Shield Buyers From Price Hike
According to analysts, OMCs are incurring an estimated loss of Rs 1,600 crore daily. These losses are set to drag their quarterly results down.
-
India Most Vulnerable To Prolonged Disruptions To Mideast Oil, Analysts Say
India, a fast-growing oil consumer, is the country most vulnerable to crude supply shocks if the Middle East conflict leads to a prolonged disruption in shipments from the region, mainly because of its thin reserves, analysts said.
-
India's Decision To Buy Iran Oil, Russian Missiles "Not Helpful", Says US
India's decision to continue buying oil from Iran after November 4 and purchase of the S-400 Triumf air defence system from Russia is "not helpful" and the US is reviewing it "very carefully", the State Department has said.
-
Iran Left With Just 2 Oil Clients In India After Firm Cancels Imports
Chennai Petroleum will stop processing Iranian crude oil from October to keep its insurance coverage once new sanctions by the United States against Iran go into effect, three sources familiar with the issue said.
-
India's Iran Oil Purchases To Fade Ahead Of US Sanctions: Report
Indian refiners will cut their monthly crude loadings from Iran for September and October by nearly half from earlier this year as the government works to win waivers on the oil export sanctions Washington plans to reimpose on Tehran in November. India's loadings from Iran for this month and next will drop to less than 12 million barrels each, afte...
-
Expect India To Cut Oil Imports From Iran To Zero By November, Says US
The United States does not intend to "penalise great strategic partners like India" but at the same time it expected all countries including India to cut oil imports from Iran to "zero" by November, US Secretary of State Mike Pompeo said on Thursday.
-
US Chokes Iran Oil Flows To Buyers Who Vowed Resistance, Including India
The world's top oil buyers are discovering that U.S. sanctions on Iran will squeeze their trade flows whether they agree with America or not.
-
Iran Replaces Saudi Arabia As 2nd Largest Oil Supplier To India
Iran was the second-biggest oil supplier to Indian state refiners between April and June, India's oil minister Dharmendra Pradhan said today, replacing Saudi Arabia as companies took advantage of steeper discounts offered by Tehran.
-
India Will Lose "All Other Privileges" If It Cuts Oil Imports, Warns Iran
Iran on Tuesday criticised India for not fulfilling its promise of making investments in expansion of the strategically located Chabahar port and said New Delhi will stand to lose "special privileges" if it cuts import of Iranian oil.
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"India Should Rethink Relationship With Iran": Nikki Haley To NDTV
Nikki Haley, the US Ambassador to the United Nations, has told NDTV that India needs to "rethink its relationship with Iran" and she had a "constructive conversation" with Prime Minister Narendra Modi about cutting oil imports from there.
