Oil Import

Middle East's Share Of India's Oil Imports At Four-Month Low In September: Report

Business | Reuters | Thursday October 22, 2020

Last month, India's oil imports from its top oil supplier Iraq declined by about 18 per cent from August, the data showed, as OPEC's second biggest producer deepened output cuts to compensate for overproduction.

Government Plans $4.6 Billion In Incentives For Battery Makers In Electric Vehicle Push: Report

Business | Reuters | Friday September 25, 2020

A proposal drafted by NITI Aayog said government could slash its oil import bills by as much as $40 billion if electric vehicles were widely adopted.

India Plans $4.6 Billion In Incentives For Battery Makers In Electric Vehicle Push: Report

Reuters | Friday September 25, 2020

India plans to offer $4.6 billion in incentives to companies setting up advanced battery manufacturing facilities as it seeks to promote the use of electric vehicles and cut down its dependence on oil, according to a government proposal seen by Reuters.

Indian Oil Sees Petrol, Gasoil Sales At Pre-Pandemic Levels In First Half Of FY21

Reuters | Monday September 14, 2020

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...

Middle East Share Of India's Oil Imports Hits Two-Year High In July

Reuters | Sunday August 23, 2020

Middle Eastern oil accounted for 71.5% of India's oil imports in July, its highest share in 26 months, while imports from Africa fell to 5%, the lowest in at least 14 years, data from trade sources showed on Friday. Analysts said lower fuel demand and paltry refining margins had driven a preference for Middle Eastern sour grades over sweet African ...

Middle East Share Of India's Oil Imports At Over 2-Year High: Report

Business | Reuters | Saturday August 22, 2020

Analysts said lower fuel demand and paltry refining margins had driven a preference for Middle Eastern sour grades over sweet African barrels.

India's Crude Imports Fall To Lowest In Over A Decade In July

Reuters | Friday August 21, 2020

Crude oil imports from July 2020 slumped about 36.4 per cent from a year earlier to 12.34 million tonnes, or 2.92 million barrels per day, data from the Petroleum Planning and Analysis Cell (PPAC) of the Ministry of Petroleum & Natural Gas showed.

Balance Of Payments To Be "Very, Very Strong" This Year: Piyush Goyal

Business | Reuters | Monday August 10, 2020

"Exports have shown a good turnaround. We are in July at about 91 per cent export level of the previous year, July 2019, figures," Mr Goyal said.

India's Crude Oil Imports Hit Over 5-Year Low In June; Exports Fall

Business | Reuters | Saturday August 1, 2020

The country's top refiner, Indian Oil Corp, said it would continue to operate its refineries below capacity in 2020/21 as it expected local and overseas fuel demand to remain subdued.

India June Oil Imports Lowest In Nearly Nine Years

Reuters | Sunday July 26, 2020

India's oil imports fell in June, hitting their lowest since October 2011, as refiners curbed purchases due to maintenance turnarounds and weaker fuel demand, data from industry sources showed. India, the world's third biggest oil consumer and importer, received 3.2 million barrels per day (bpd) oil in June, a decline of 0.4% from May and about 28....

India June Oil Imports Lowest In Nearly Nine Years On Low Demand, Monsoon

Business | Reuters | Friday July 24, 2020

Last month, India did not import oil from Venezuela for the first time since June 2009

India’s Petrol, Diesel Demand Falls Due To High Prices, Lockdown

Reuters | Saturday July 18, 2020

Indian state refiners' petrol and diesel sales declined in the first half of July from the same period last month, according to preliminary data, as a renewed lockdown in parts of the country and rising retail prices hit demand. India on Friday became the third country in the world to record more than one million cases of the new coronavirus, behin...

Everything You Need to Know About Newborn Baby Massage

BabyChakra | Friday July 10, 2020

From strengthening baby's muscles to building a good bond with the little one, massage plays important roles

India's Oil Imports In May Sink To Lowest In Over 8 Years: Report

Business | Reuters | Wednesday June 24, 2020

Indian refiners in April filled tanks with cheaper oil, sold extra cargoes to the federal government for strategic reserves and declared force majeure on crude imports.

India's May Crude Oil Imports Post Biggest Decline Since At Least 2005

Reuters | Saturday June 20, 2020

India's crude oil imports in May fell 22.6% from a year earlier, it's biggest drop since at least 2005, as fuel demand and refinery production was hurt by a country-wide lockdown to curb the spread of coronavirus. Crude oil imports fell to 14.61 million tonnes, it's lowest since 2015, Petroleum Planning and Analysis Cell data showed on Friday. Oil ...