Oil Consuming Countries
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Rupee Falls To All-Time Low As Iran War Rages On: Is It All Bad?
Rupee hits record low amid Iran war: A weaker rupee makes imports more expensive. This, in turn, pushes consumers and firms to cut back on foreign purchases and look at domestic options.
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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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Gulf Nations Will Remain India's Major Oil Suppliers For "A Long Time": Minister
India, the world's third-biggest oil importer and consumer, has diversified its sources of energy imports but will continue to buy most of its oil from the Middle East for a long time, the South Asian country's oil minister said on Wednesday.
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"For A Long Time...": Minister On Continuation Of Oil Import From Gulf
India, the world's thirdbiggest oil importer and consumer, has diversified its sources of energy imports but will continue to buy most of its oil from the Middle East for
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Having "Intensive Engagement" With Nations On Russian Oil Price Cap: US
The US has said it is having "intensive engagement" with key oil consuming countries, including India, on the specifics of how a price cap on Russian oil imports would work, but issue was not discussed at level of President Joe Biden and PM Modi.
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Biden Sidelined Global Energy Partners With Record Emergency Oil Release: Sources
The group's members have become worried that U.S. President Joe Biden is using the Strategic Petroleum Reserve (SPR) to tamp down rampant domestic inflation for political reasons, instead of protecting consumer countries from a global supply disruption, according to the sources who declined to be identified because of the sensitivity of the topic.
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Spread Of COVID-19 Delta Variant Knocks Oil Demand Outlook: Report
"Growth for the second half of 2021 has been downgraded more sharply, as new COVID-19 restrictions imposed in several major oil consuming countries, particularly in Asia, look set to reduce mobility and oil use," the Paris-based IEA said.
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India Starts Selling Oil From Strategic Reserves After Policy Shift
India, the world's third-biggest oil importer and consumer that imports over 80% of its oil needs, is mirroring a model adopted by countries such as Japan and South Korea in its commercialisation of its Strategic Petroleum Reserves (SPRs).
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Finance Ministry Considers Cutting Taxes On Petrol, Diesel: Report
The Finance Ministry is considering cutting excise duties on petrol and diesel to cushion the impact of record high domestic prices, three government officials close to the discussions said. A doubling in the price of crude oil over the past 10 months has contributed to record fuel prices at fuel stations. But taxes and duties account for roughly 6...
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Indian Oil Sees Petrol, Gasoil Sales At Pre-Pandemic Levels In First Half Of FY21
Indian Oil Corp, the country's top refiner, expects local demand for petrol and gasoil to reach pre-pandemic levels in the first half of next fiscal year beginning April 2021, Chairman SM Vaidya said on Monday. India, the world's third-biggest oil importer and consumer, has experienced a sharp decline in its fuel demand, mirroring a global trend fo...
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Rupee Falls To All-Time Low As Iran War Rages On: Is It All Bad?
Rupee hits record low amid Iran war: A weaker rupee makes imports more expensive. This, in turn, pushes consumers and firms to cut back on foreign purchases and look at domestic options.
-
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.
-
Gulf Nations Will Remain India's Major Oil Suppliers For "A Long Time": Minister
India, the world's third-biggest oil importer and consumer, has diversified its sources of energy imports but will continue to buy most of its oil from the Middle East for a long time, the South Asian country's oil minister said on Wednesday.
-
"For A Long Time...": Minister On Continuation Of Oil Import From Gulf
India, the world's thirdbiggest oil importer and consumer, has diversified its sources of energy imports but will continue to buy most of its oil from the Middle East for
-
Having "Intensive Engagement" With Nations On Russian Oil Price Cap: US
The US has said it is having "intensive engagement" with key oil consuming countries, including India, on the specifics of how a price cap on Russian oil imports would work, but issue was not discussed at level of President Joe Biden and PM Modi.
-
Biden Sidelined Global Energy Partners With Record Emergency Oil Release: Sources
The group's members have become worried that U.S. President Joe Biden is using the Strategic Petroleum Reserve (SPR) to tamp down rampant domestic inflation for political reasons, instead of protecting consumer countries from a global supply disruption, according to the sources who declined to be identified because of the sensitivity of the topic.
-
Spread Of COVID-19 Delta Variant Knocks Oil Demand Outlook: Report
"Growth for the second half of 2021 has been downgraded more sharply, as new COVID-19 restrictions imposed in several major oil consuming countries, particularly in Asia, look set to reduce mobility and oil use," the Paris-based IEA said.
-
India Starts Selling Oil From Strategic Reserves After Policy Shift
India, the world's third-biggest oil importer and consumer that imports over 80% of its oil needs, is mirroring a model adopted by countries such as Japan and South Korea in its commercialisation of its Strategic Petroleum Reserves (SPRs).
-
Finance Ministry Considers Cutting Taxes On Petrol, Diesel: Report
The Finance Ministry is considering cutting excise duties on petrol and diesel to cushion the impact of record high domestic prices, three government officials close to the discussions said. A doubling in the price of crude oil over the past 10 months has contributed to record fuel prices at fuel stations. But taxes and duties account for roughly 6...
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Indian Oil Sees Petrol, Gasoil Sales At Pre-Pandemic Levels In First Half Of FY21
Indian Oil Corp, the country's top refiner, expects local demand for petrol and gasoil to reach pre-pandemic levels in the first half of next fiscal year beginning April 2021, Chairman SM Vaidya said on Monday. India, the world's third-biggest oil importer and consumer, has experienced a sharp decline in its fuel demand, mirroring a global trend fo...
