India Oil Import

India saved roughly $2.7 billion by importing discounted Russian oil in the first nine months of this year, according to calculations based on government data.

Indian refiners can process Venezuelan oil and the nation may buy it provided that it is available cheaply, Oil Minister Hardeep Singh Puri said on Wednesday, days after the US temporarily lifted sanctions on OPEC member Venezuela's oil sector.

The share of Russian oil in India's overall imports rose to about two-fifths in the first half of fiscal 2023/24, consolidating Moscow's position as the top supplier as refiners curbed purchase from the Middle East, industry data showed.

India, the world's third-biggest oil importer, is watching the ongoing Middle Eastin the Middle East closely, the country's oil minister Hardeep Singh Puri said on Monday.

Union Minister Nitin Gadkari, in an exclusive interview with NDTV, spoke about the importance of biofuels in reducing world pollution and making India a carbon-neutral nation.

India's imports from Russia doubled to USD 20.45 billion during the April-July period of this fiscal due to increasing inbound shipments of crude oil and fertiliser from that country, according to the commerce ministry data.

India's top oil firm IOC has signed a USD 7-9 billion deal to import liquefied natural gas (LNG) from the UAE's ADNOC Gas plc for 14 years beginning 2026, the UAE company said.

India and China, the world's top oil users, continued to lap up heavily discounted Russian crude oil, buying as much as 80 per cent of the oil that Moscow exported in May, the International Energy Agency (IEA) said in a report.

India can reduce its pollution by over 40 per cent by not using fossil fuels like petrol and diesel, while the country imports crude oil worth Rs 16 lakh crore every year, Union Minister Nitin Gadkari said.

India's import of cheap Russian oil scaled another record in May and is now more than the combined oil bought from Saudi Arabia, Iraq, UAE and the US, industry data showed.

Two Gujarat firms have made bumper profits from Russian oil imports, selling them to the European Union at exorbitant rates, the Trinamool Congress has alleged.

Oil producers cartel OPEC's share in India's oil imports fell to an all-time low of 46 per cent in April as purchases of cheaper Russian oil peaked, industry data showed.

Will India import AI Brain as a service, like it buys oil? Should India continue to overlook that it contributes to the training of global AI models without developing its own?

OPEC's share of India's oil imports fell at the fastest pace in 2022/23 to the lowest in at least 22 years, as intake of cheaper Russian oil surged, data obtained

India's imports of crude oil from Russia touched a new high of 1.64 million barrels per day in March and is now double of the purchases from Iraq - the nation's traditional top oil supplier.

India saved roughly $2.7 billion by importing discounted Russian oil in the first nine months of this year, according to calculations based on government data.

Indian refiners can process Venezuelan oil and the nation may buy it provided that it is available cheaply, Oil Minister Hardeep Singh Puri said on Wednesday, days after the US temporarily lifted sanctions on OPEC member Venezuela's oil sector.

The share of Russian oil in India's overall imports rose to about two-fifths in the first half of fiscal 2023/24, consolidating Moscow's position as the top supplier as refiners curbed purchase from the Middle East, industry data showed.

India, the world's third-biggest oil importer, is watching the ongoing Middle Eastin the Middle East closely, the country's oil minister Hardeep Singh Puri said on Monday.

Union Minister Nitin Gadkari, in an exclusive interview with NDTV, spoke about the importance of biofuels in reducing world pollution and making India a carbon-neutral nation.

India's imports from Russia doubled to USD 20.45 billion during the April-July period of this fiscal due to increasing inbound shipments of crude oil and fertiliser from that country, according to the commerce ministry data.

India's top oil firm IOC has signed a USD 7-9 billion deal to import liquefied natural gas (LNG) from the UAE's ADNOC Gas plc for 14 years beginning 2026, the UAE company said.

India and China, the world's top oil users, continued to lap up heavily discounted Russian crude oil, buying as much as 80 per cent of the oil that Moscow exported in May, the International Energy Agency (IEA) said in a report.

India can reduce its pollution by over 40 per cent by not using fossil fuels like petrol and diesel, while the country imports crude oil worth Rs 16 lakh crore every year, Union Minister Nitin Gadkari said.

India's import of cheap Russian oil scaled another record in May and is now more than the combined oil bought from Saudi Arabia, Iraq, UAE and the US, industry data showed.

Two Gujarat firms have made bumper profits from Russian oil imports, selling them to the European Union at exorbitant rates, the Trinamool Congress has alleged.

Oil producers cartel OPEC's share in India's oil imports fell to an all-time low of 46 per cent in April as purchases of cheaper Russian oil peaked, industry data showed.

Will India import AI Brain as a service, like it buys oil? Should India continue to overlook that it contributes to the training of global AI models without developing its own?

OPEC's share of India's oil imports fell at the fastest pace in 2022/23 to the lowest in at least 22 years, as intake of cheaper Russian oil surged, data obtained

India's imports of crude oil from Russia touched a new high of 1.64 million barrels per day in March and is now double of the purchases from Iraq - the nation's traditional top oil supplier.