Iranian Oil

Two rockets launched from Lebanon on Wednesday struck Israel, which responded with artillery fire amid heightened regional tensions over an alleged Iranian attack on an oil tanker in the Gulf last week.

Britain on Monday summoned Iran's ambassador to London in response to what it claims was a Tehran-ordered attack on a merchant vessel off the coast of Oman that killed a British and Romanian national.

Bharat Petroleum Corporation Limited was annually taking 2 million tonne of Iranian crude oil on average when Tehran was not under U.S. sanctions.

Oil prices rose more than 3% on Monday as a demand bump fueled by COVID-19 vaccination drives gave traders optimism that the market can absorb any Iranian oil that would come on the market if Western talks with Tehran lead to the lifting of sanctions.

Several state refiners, whose refineries are suited to the crude, have committed to buy Iranian oil once sanctions are lifted. State-run Bharat Petroleum Corp, which plans to tap the spot market for 45 per cent of its overall imports, will buy Iranian oil if sanctions are lifted

ONGC: The field holds 23 trillion cubic feet of in-place gas reserves, of which about 60 per cent is recoverable.

The United States revealed on Thursday it had seized Iranian missiles shipped to Yemen and sold 1.1 million barrels of previously seized Iranian oil that was bound for Venezuela, in the Trump administration's latest move to increase pressure on Tehran less than a week before November 3 election.

The United States imposed sanctions Wednesday on five Iranian ship captains who delivered oil to Venezuela, as Washington ratcheted up pressure on President Nicolas Maduro, whose government it considers illegitimate.

Prices had soared in response to the killing of an Iranian general in an American air strike last week and Iran's retaliatory attack on US forces in Iraq on Wednesday.

Domestic stock markets started Thursday's session on a positive note mirroring gains in Asian peers as the US and Iran backed away from the brink of further conflict escalation in the Middle East. The S&P BSE Sensex index climbed up as much as 556.37 points to touch 41,374.11 points on the upside in late morning deals, and the broader NSE Nifty ben...

US citizens working for foreign oil companies in the southern Iraqi city of Basra were leaving the country on Friday, the oil ministry said, after a US air strike killed a top Iranian commander in Iraq.

Brent crude futures jumped to their highest since September 17 and were last up 2.88 per cent at $68.16 a barrel. The rupee weakened by 0.26 per cent to 71.5525 against the dollar. India, the world's third-biggest oil consumer, imports about 80 per cent of its oil needs, making it highly susceptible to crude price swings.

Four months before a swarm of drones and missiles crippled the world's biggest oil processing facility in Saudi Arabia, Iranian security officials gathered at a heavily fortified compound in Tehran.

Saudi Arabia said Saturday it was ready to help the Iranian tanker that was allegedly attacked off the kingdom's coast, but the ship turned off its tracking system.

An Iranian-owned oil tanker was struck by two missiles off the Saudi port of Jeddah on Friday, Iranian state television reported, quoting the National Iranian Oil Company (NIOC) which owns the vessel.

Two rockets launched from Lebanon on Wednesday struck Israel, which responded with artillery fire amid heightened regional tensions over an alleged Iranian attack on an oil tanker in the Gulf last week.

Britain on Monday summoned Iran's ambassador to London in response to what it claims was a Tehran-ordered attack on a merchant vessel off the coast of Oman that killed a British and Romanian national.

Bharat Petroleum Corporation Limited was annually taking 2 million tonne of Iranian crude oil on average when Tehran was not under U.S. sanctions.

Oil prices rose more than 3% on Monday as a demand bump fueled by COVID-19 vaccination drives gave traders optimism that the market can absorb any Iranian oil that would come on the market if Western talks with Tehran lead to the lifting of sanctions.

Several state refiners, whose refineries are suited to the crude, have committed to buy Iranian oil once sanctions are lifted. State-run Bharat Petroleum Corp, which plans to tap the spot market for 45 per cent of its overall imports, will buy Iranian oil if sanctions are lifted

ONGC: The field holds 23 trillion cubic feet of in-place gas reserves, of which about 60 per cent is recoverable.

The United States revealed on Thursday it had seized Iranian missiles shipped to Yemen and sold 1.1 million barrels of previously seized Iranian oil that was bound for Venezuela, in the Trump administration's latest move to increase pressure on Tehran less than a week before November 3 election.

The United States imposed sanctions Wednesday on five Iranian ship captains who delivered oil to Venezuela, as Washington ratcheted up pressure on President Nicolas Maduro, whose government it considers illegitimate.

Prices had soared in response to the killing of an Iranian general in an American air strike last week and Iran's retaliatory attack on US forces in Iraq on Wednesday.

Domestic stock markets started Thursday's session on a positive note mirroring gains in Asian peers as the US and Iran backed away from the brink of further conflict escalation in the Middle East. The S&P BSE Sensex index climbed up as much as 556.37 points to touch 41,374.11 points on the upside in late morning deals, and the broader NSE Nifty ben...

US citizens working for foreign oil companies in the southern Iraqi city of Basra were leaving the country on Friday, the oil ministry said, after a US air strike killed a top Iranian commander in Iraq.

Brent crude futures jumped to their highest since September 17 and were last up 2.88 per cent at $68.16 a barrel. The rupee weakened by 0.26 per cent to 71.5525 against the dollar. India, the world's third-biggest oil consumer, imports about 80 per cent of its oil needs, making it highly susceptible to crude price swings.

Four months before a swarm of drones and missiles crippled the world's biggest oil processing facility in Saudi Arabia, Iranian security officials gathered at a heavily fortified compound in Tehran.

Saudi Arabia said Saturday it was ready to help the Iranian tanker that was allegedly attacked off the kingdom's coast, but the ship turned off its tracking system.

An Iranian-owned oil tanker was struck by two missiles off the Saudi port of Jeddah on Friday, Iranian state television reported, quoting the National Iranian Oil Company (NIOC) which owns the vessel.