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On Iran's Hormuz Strait Closure Plan, Union Minister's Oil Supply Assurance: 5 Points
India is closely tracking oil trends after reports indicated Iran plans to close the Strait of Hormuz following the US attack on three nuclear sites. The Strait is a key shipping route, through which a fifth of global oil and gas supply flows.
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After US Strikes, Iran Plans To Close Oil Corridor Strait Of Hormuz: Report
Iran is considering closing the key oil shipping route Strait of Hormuz after the US bombed three of its nuclear facilities, Iranian media reported today.
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How Iran Threat On Strait Of Hormuz Could Affect Global, Indian Oil Supplies
Amid its escalating conflict with Israel, in which the US has also now taken part by bombing three key nuclear installations, Iran has warned that it may take the unprecedented step of closing the Strait of Hormuz.
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Trump Threatens More Tariffs On Russian Oil, How Will It Impact India's Supply
US President Donald Trump has indicated potential complications for Russian oil trade unless Moscow reaches an agreement on the Ukraine conflict soon.
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US Was 5th Top Oil Seller To India In January, Russia At No.1: Report
India's oil imports from the United States rose sharply in January from December, turning Washington as the fifth largest oil supplier to New Delhi, data obtained from trade sources show.
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China, India Refiners Scour The World For Oil Amid US Sanctions On Russia
Chinese and Indian refiners are scouring the globe for supplies of crude as fresh US sanctions on Russian producers and tankers curb shipments to Moscow's top customers, traders said.
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New US Sanctions May Threaten Russian Oil Sales To India: Report
Fresh U.S. sanctions on Moscow threaten to dent Russian oil sales to India, the biggest buyer of Russian seaborne crude, and complicate efforts by Indian state refiners to secure annual supply deals, three industry sources familiar with the matter sa
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"We Are Ready To Deliver Oil": Iranian Ambassador To India
Iranian Envoy Dr Iraj Elahi on Friday said despite US sanctions Tehran is ready to supply oil to India as both countries have close ties.
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US Can't Ensure Cheaper Oil Supplies To India, Says Trade Secretary
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.
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Ready To Deal With Impact Of US Sanctions On Iran, Says India
India is ready to deal with the impact of US sanctions against Iran and will get extra supplies from other oil producing countries to compensate for loss of Iranian oil, foreign ministry spokesman Raveesh Kumar said today.
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Less Than 100 Hours Before Iran Sanctions, US Tight-Lipped About India
US President Donald Trump said on Wednesday in a presidential memorandum that he had determined there was sufficient supply of petroleum and petroleum products for countries to "significantly" reduce their purchase of crude oil from Iran, which is going face US sanctions from November 5.
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Trump Administration Split Amid India, China Resistance To Iran Sanctions
Shortly after US President Donald Trump announced in May he would reimpose sanctions on Iran, the State Department began telling countries around the world the clock was ticking for them to cut oil purchases from the Islamic Republic to zero. The strategy is meant to cripple Iran's oil-dependent economy and force Tehran to quash not only its nuclea...
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India Should Continue Buying Oil From Iran: Shashi Tharoor
Congress parliamentarian Shashi Tharoor on Wednesday said the country should make efforts to continue oil supplies from Iran against the backdrop of US sanctions as Iranian oil is the cheapest it could get.
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Exploring Alternatives For Iranian Oil For "Our Friend India", Says US
With a tougher round of US sanctions on Iran coming into effect from November 4, a top Trump administration official said Washington recognises India's need for significant oil imports and is having conversations to ensure there are alternative supplies of the fuel "so that our friend India's economy is not adversely affected".
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Iran Replaces Saudi Arabia As 2nd Largest Oil Supplier To India
Iran was the second-biggest oil supplier to Indian state refiners between April and June, India's oil minister Dharmendra Pradhan said today, replacing Saudi Arabia as companies took advantage of steeper discounts offered by Tehran.
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On Iran's Hormuz Strait Closure Plan, Union Minister's Oil Supply Assurance: 5 Points
India is closely tracking oil trends after reports indicated Iran plans to close the Strait of Hormuz following the US attack on three nuclear sites. The Strait is a key shipping route, through which a fifth of global oil and gas supply flows.
-
After US Strikes, Iran Plans To Close Oil Corridor Strait Of Hormuz: Report
Iran is considering closing the key oil shipping route Strait of Hormuz after the US bombed three of its nuclear facilities, Iranian media reported today.
-
How Iran Threat On Strait Of Hormuz Could Affect Global, Indian Oil Supplies
Amid its escalating conflict with Israel, in which the US has also now taken part by bombing three key nuclear installations, Iran has warned that it may take the unprecedented step of closing the Strait of Hormuz.
-
Trump Threatens More Tariffs On Russian Oil, How Will It Impact India's Supply
US President Donald Trump has indicated potential complications for Russian oil trade unless Moscow reaches an agreement on the Ukraine conflict soon.
-
US Was 5th Top Oil Seller To India In January, Russia At No.1: Report
India's oil imports from the United States rose sharply in January from December, turning Washington as the fifth largest oil supplier to New Delhi, data obtained from trade sources show.
-
China, India Refiners Scour The World For Oil Amid US Sanctions On Russia
Chinese and Indian refiners are scouring the globe for supplies of crude as fresh US sanctions on Russian producers and tankers curb shipments to Moscow's top customers, traders said.
-
New US Sanctions May Threaten Russian Oil Sales To India: Report
Fresh U.S. sanctions on Moscow threaten to dent Russian oil sales to India, the biggest buyer of Russian seaborne crude, and complicate efforts by Indian state refiners to secure annual supply deals, three industry sources familiar with the matter sa
-
"We Are Ready To Deliver Oil": Iranian Ambassador To India
Iranian Envoy Dr Iraj Elahi on Friday said despite US sanctions Tehran is ready to supply oil to India as both countries have close ties.
-
US Can't Ensure Cheaper Oil Supplies To India, Says Trade Secretary
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.
-
Ready To Deal With Impact Of US Sanctions On Iran, Says India
India is ready to deal with the impact of US sanctions against Iran and will get extra supplies from other oil producing countries to compensate for loss of Iranian oil, foreign ministry spokesman Raveesh Kumar said today.
-
Less Than 100 Hours Before Iran Sanctions, US Tight-Lipped About India
US President Donald Trump said on Wednesday in a presidential memorandum that he had determined there was sufficient supply of petroleum and petroleum products for countries to "significantly" reduce their purchase of crude oil from Iran, which is going face US sanctions from November 5.
-
Trump Administration Split Amid India, China Resistance To Iran Sanctions
Shortly after US President Donald Trump announced in May he would reimpose sanctions on Iran, the State Department began telling countries around the world the clock was ticking for them to cut oil purchases from the Islamic Republic to zero. The strategy is meant to cripple Iran's oil-dependent economy and force Tehran to quash not only its nuclea...
-
India Should Continue Buying Oil From Iran: Shashi Tharoor
Congress parliamentarian Shashi Tharoor on Wednesday said the country should make efforts to continue oil supplies from Iran against the backdrop of US sanctions as Iranian oil is the cheapest it could get.
-
Exploring Alternatives For Iranian Oil For "Our Friend India", Says US
With a tougher round of US sanctions on Iran coming into effect from November 4, a top Trump administration official said Washington recognises India's need for significant oil imports and is having conversations to ensure there are alternative supplies of the fuel "so that our friend India's economy is not adversely affected".
-
Iran Replaces Saudi Arabia As 2nd Largest Oil Supplier To India
Iran was the second-biggest oil supplier to Indian state refiners between April and June, India's oil minister Dharmendra Pradhan said today, replacing Saudi Arabia as companies took advantage of steeper discounts offered by Tehran.
