Oil Imports

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.

Crude Hits 2019 High As US To End Waivers On Iran Oil Imports

Business | Thomson Reuters | Monday April 22, 2019

Iran's exports have fallen to less than 1 million barrels per day from more than 2.5 million bpd before sanctions were re-imposed a year ago.

India Hopes US Will Allow Allies To Buy Some Iranian Oil: Report

India News | Reuters | Monday April 22, 2019

India hopes the US will allow its allies to continue to buy some Iranian oil instead of halting the purchases altogether from May, a source familiar with the talks between the two countries said today.

US Likely To End Sanctions Waiver For India, 7 Others On Iran Oil: Report

World News | Reuters | Monday April 22, 2019

The United States is expected to announce on Monday that all importers of Iranian oil will have to end their imports shortly or be subject to U.S sanctions, a source familiar with the situation told Reuters.

India Delays May Order For Iran Oil, Awaits Clarity On Sanctions Waiver: Report

Business | Thomson Reuters | Tuesday April 9, 2019

India hopes to get clarity in seven to 10 days on any extension of the waiver, as well as the amount of oil that could be purchased if an extension is given, the sources said.

"Very Happy," Says US Envoy On India Cutting Venezuela Oil Import: Report

India News | ANI | Monday April 1, 2019

The United States on Sunday appreciated India's efforts adding to Washington's sanctions to restrict exports of Venezuelan oil in the global energy market.

India May Increase Oil Imports From Brazil, Mexico: Report

Business | Indo-Asian News Service | Sunday March 24, 2019

Venezuela is the fourth largest oil supplier to India after Saudi Arabia, Iraq and Iran. It accounted for about 11 per cent of domestic oil supplies in 2017-18, supplying close to 18 million tonnes (mt).

India's Oil Imports From Iran Slump 60% In February: Report

Business | Thomson Reuters | Thursday March 14, 2019

India's February imports from Iran were about 4 per cent lower than January's purchases, the data showed.

India Expresses Concerns On High Crude Prices To Saudi Arabia

India News | Indo-Asian News Service | Sunday March 10, 2019

Petroleum Minister Dharmendra Pradhan has conveyed India's concerns over rising crude oil prices and its effect on the domestic fuel rates in his meeting with Saudi Arabian Minister of Energy, Khalid Al-Falih, an official said.