Oil Imports

Second Quarter Current Account Deficit Doubles On Higher Oil Imports

Business | Press Trust of India | Wednesday December 13, 2017

India imported 124.6 million tonnes of crude oil and petroleum products in April-September for $43.5 billion.

Government Raises Import Tax On Edible Oil To Highest In A Decade

Business | Thomson Reuters | Saturday November 18, 2017

Indian oilseed crushers were struggling to compete with cheap imports from Indonesia, Malaysia, Brazil and Argentina.

Trade Deficit At Three-Year High, Widens To $14 Billion In October

Business | Thomson Reuters | Tuesday November 14, 2017

The gap between imports and exports balloons by more $31 billion in the first seven months of the current financial year to $86.15 billion.

India's Oil Imports Hit Record High In September: Report

Business | Reuters | Friday October 20, 2017

During the first nine months of the year India's oil imports rose 1.8 percent to about 4.4 million bpd, with most supplies coming from the Middle East, followed by Africa and Latin America.

First Shipment Of US Crude Oil To Reach India Next Month

Business | Press Trust of India | Thursday August 17, 2017

During their maiden meeting Prime Minister Narendra Modi and US President Donald Trump agreed to deepen engagement in the energy sector.

Bharat Petroleum Makes Its First U.S. Oil Purchase

Business | Thomson Reuters | Sunday July 16, 2017

BPCL is the second Indian refiner to buy U.S. Gulf crude after Prime Minister Narendra Modi's visit to Washington last month

Government Intensifies Monitoring Of ONGC Fields

Business | Press Trust of India | Sunday July 16, 2017

While output as well as investments by private firms have all but dried up, Oil Minister Dharmendra Pradhan sees raising production from fields given to state-run firms on nomination basis, or without bidding, as key to achieving the target.

Diesel Imports Intensify, May Be Curbed By Monsoon: Report

Business | Thomson Reuters | Tuesday July 4, 2017

Demand for diesel in the country has been strong despite the start of monsoon season due to several power outages which has boosted diesel demand in back-up power generators, an industry source said.

India's Oil Imports From Iran Fall Over Gas Field Dispute

Business | Press Trust of India | Thursday June 15, 2017

"We stood by them in difficult times ... and we expect reciprocity from Iran," Indian oil minister Dharmendra Pradhan said.

India To OPEC: Stop Charging Premium From Asian Buyers

Business | Indo-Asian News Service | Monday May 22, 2017

India plans to leverage its massive oil demand at the OPEC meeting for better discounts and longer credit period.

Trade Deficit Swells Three-Fold; Gold, Oil Imports Rise

Business | Press Trust of India | Monday May 15, 2017

Trade deficit also witnessed about three-fold increase to $13.24 billion mainly on account of a sharp jump in gold and crude oil imports during the month.

Blog: Iran Refuses To Sideline China And Pak, Irking India

Blog | Maya Mirchandani | Friday May 5, 2017

While Iran drags its feet on awarding a crucial contract for gas exploration in its Farzad B offshore field to ONGC Videsh, India has decided to cut back on oil imports from Iran by 3 million tons (roughly 25 percent) in the current financial year.

India Upset With Iran Over This Project, Retaliates Quickly: Report

Business | NDTV News Desk | Wednesday May 3, 2017

India had warned that it would reduce purchases from Iran if an Indian consortium is not awarded the rights to develop Iran's huge Farzad B natural gas field.

India Imports Petrol, Diesel From China

Business | Press Trust of India | Wednesday March 15, 2017

India imported 18,000 tonnes of petrol and 39,000 tonnes of diesel in the first nine months of the current fiscal year, Oil Minister Dharmendra Pradhan said in a written reply to a question in the Rajya Sabha.

Tamil Nadu's New Protest Over Project From PM Narendra Modi's Big Oil Plan: 10 Points

Tamil Nadu News | Reported by J Sam Daniel Stalin, A Vaidyanathan, Edited by Raija Susan Panicker | Tuesday February 28, 2017

In what has been compared to this month's Jallikattu protests in Chennai, thousands of people gather every day in Neduvaasal village of Tamil Nadu's Pudukottai district to protest against a hydrocarbon extraction project by the centre. The villagers say the project will deplete ground water and destroy agriculture. College students from Chennai and...