Oil Import

Trade Deficit Narrows To 4-Month Low In July

Business | Press Trust of India | Wednesday August 14, 2019

Oil imports declined 22.15 per cent to $9.6 billion, and non-oil slipped by 5.92 per cent to $30.16 billion.

China Oil Trader Sanctioned For Violating Iran Restrictions: Mike Pompeo

World News | Agence France-Presse | Monday July 22, 2019

The United States is placing a leading Chinese oil importer on its sanctions blacklist for trading in Iranian crude, Secretary of State Mike Pompeo announced Monday.

"India Is A Friend Forever": Iran Hopeful On Oil Imports

India News | Press Trust of India | Wednesday July 3, 2019

Amid US sanctions, Iran on Tuesday said it believes India will act in its national interest on the issue of oil imports and Tehran can act as a "protector" of India's energy security.

Trade Deficit Widens To $15.36 Billion As Imports Grow 4.3% In May

Business | Press Trust of India | Friday June 14, 2019

Oil imports rose by 8.23 per cent to $12.44 billion and non-oil imports expanded by 2.9 per cent to $32.91 billion during the month under review.

On Iranian Oil Import, A US Warning To India, China

India News | Press Trust of India | Friday May 31, 2019

Any efforts to import Iranian crude oil beyond the accepted levels negotiated from November to May will be sanctioned, the US has warned, amidst reports that India and China were seeking ways to buy oil from Tehran.

US Rules Out Sanction Exemptions To Countries From Iranian Oil Import

World News | Press Trust of India | Wednesday May 29, 2019

The US has ruled out giving any exemption from its punitive sanctions to countries, including India, for buying oil from Iran, saying America's maximum pressure campaign was working and the Trump administration remains "unwavering" in its tough policy on Tehran.

India Not Buying Oil From Iran After US Waivers Expired: Envoy

India News | Press Trust of India | Friday May 24, 2019

India has stopped importing oil from Iran after American waivers granted to eight buyers expired early this month, New Delhi's envoy in Washington has said, becoming the latest country to comply with the US sanctions on Tehran over its nuclear programme.

India Has Ended Iranian Oil Imports, Haven't Imported Any: Envoy

India News | Press Trust of India | Friday May 24, 2019

India has ended all imports of oil from Iran, Ambassador Harsh Vardhan Shringla in Washington said on Thursday, becoming the latest country to grudgingly comply with threatened US sanctions.

Centre To Decide On Resuming Iranian Oil Buy After Elections: Report

India News | Reuters | Tuesday May 14, 2019

India told Iran on Tuesday it will decide on its oil imports after elections end this month, in line with its economic interests, a government source said.

India's Crude Import Will Increase, Says Moody's

Business | Indo-Asian News Service | Monday May 13, 2019

The government's push towards electric vehicles to reduce dependence on imported oil was also not seen to bearing fruit in the near term

India And China Seen As Europe's Last Hope To Save Iran Deal

World News | Reuters | Friday May 10, 2019

The European Union will defend the Iran nuclear accord despite Tehran's decision to backtrack on its commitments in response to U.S. sanctions, diplomats believe, but European powers expect it to collapse without a deal to sell Iranian oil to China or India.

India Monitoring Costs Of Importing Non-Iranian Oil: Report

Business | Indo-Asian News Service | Wednesday May 8, 2019

Oil imports from Iran in the past fiscal ended March amounted to about $9 billion, as per industry figures.

India's Oil Imports From Iran Down 57% In April

Business | Thomson Reuters | Tuesday May 7, 2019

India, Iran's top oil client after China, shipped in about 277,600 barrels per day (bpd) of oil from Tehran in April

US Can't Ensure Cheaper Oil Supplies To India, Says Trade Secretary

India News | Agencies | Tuesday May 7, 2019

The US government will not ensure sale of its oil to India at cheaper rates as the commodity is controlled by private companies, US commerce secretary Wilbur Ross said on Monday.

With Iran And Trade Rifts, India Feels Brushed Aside By Trump

India News | Agence France-Presse | Thursday April 25, 2019

US President Donald Trump may count Prime Minister Narendra Modi among his international allies, but New Delhi is smarting over unexpected US decisions it sees as ignoring the interests of an increasingly close partner.