Iran Oil

Saturday, Apr 20, 2024 | Last Update : 09:06 AM IST

India’s intake of Saudi oil during the seven months to May rose by 11 per cent to 804,000 bpd.

Filling Iran oil gap in India: US supplies outshine Middle East crude

India bought about 184,000 barrels per day (bpd) oil from the United States over November 2018 to May 2019.

25 Jun 2019 12:10 PM

Given the scale of Basmati rice exports to Iran, a disruption in sales to this market can have a severe adverse impact on the Basmati rice industry.

Basmati feels heat of Iran oil curbs

Iran has remained a major export destination for Indian Basmati rice and the industry's concentration on Iran has only magnified in FY2019.

29 Apr 2019 2:35 AM

Five of the countries -- Greece, Italy, Japan, South Korea and Taiwan -- have already heavily reduced their purchases from Iran. (Photo:AP)

US oil sanctions will be given a fitting reply: Iran leader Ayatollah Ali Khamenei

Iran's supreme leader called the end of oil sanction waivers by the United States a hostile measure that won't be left without a response.

24 Apr 2019 6:15 PM

Modi appealed to the people to vote for a BJP government in the state, which can work in tandem with the Centre. (Photo: ANI twitter)

Wave in favour of BJP giving sleepless nights to oppn: PM Modi

Modi said those who have been levelling false allegations have found themselves in the dock.

23 Apr 2019 1:40 PM

The Secretary of State warned countries of importing oil from Iran. (Photo:AP)

US will continue to press Iran until its leaders change behaviour: Mike Pompeo

The US will dramatically accelerate its pressure campaign on the Iranian regime until its leaders change their destructive behaviour.

22 Apr 2019 7:25 PM

US likely renew waivers to sanctions for most countries buying Iranian crude, including the biggest buyers China and India.

US aims to cut Iran oil exports to under 1 mn bpd from May: sources

US officials were constantly assessing global oil markets to determine the way forward with Iran sanctions waivers.

14 Mar 2019 10:16 AM

Exporters need all the help they can get to help close the trade deficit. (Representational image)

Exporters need support

A softening of oil prices has also eased the pressure on the Indian rupee.

03 Nov 2018 1:51 AM

Reportedly close US allies, South Korea and Japan had received waivers along with India. A list of all countries getting waivers was expected to be released officially on Monday. (Representational image | PTI)

US grants India, 7 nations to continue buying Iranian oil: Report

However, analysts said any potential Iranian oil sanction waivers would likely only be temporary.

02 Nov 2018 1:36 PM

Indian oil companies would use this branch to deposit their payment for oil imported from Iran in rupee.

India will pay in rupees for Iran oil post-US sanctions

The Reserve Bank of India (RBI) has given its nod to Iranian Bank Pasargad to set up a branch in Mumbai.

01 Nov 2018 10:48 AM

Indian refiners imported around 10 million barrels of Iranian oil in October, and its November shipments are expected to be lower. (Representational Image)

India to buy 9 mn barrels of Iranian oil in Nov despite US sanctions: report

Indian Oil Corp will lift 6 mn barrels of Iran oil and Mangalore Refinery and Petrochemicals Ltd 3 mn barrels, a report said.

05 Oct 2018 8:34 PM

Iran's Foreign Affairs Minister Mohammad Javad Zarif met his Indian counterpart, Sushma Swaraj, in New York on the sidelines of United Nations General Assembly. (Photo: AP)

India to continue import of oil from Iran: Iranian foreign minister

Washington is pushing allies to cut Iranian oil imports to zero once the sanctions start on November 4.

28 Sep 2018 10:17 AM

Iran is offering to insure oil cargoes to India after some local insurers stopped providing the service in the face of impending US sanctions, industry sources said, a move that would help Tehran continue supplying its second biggest oil client.

Iran offers India oil cargo insurance, ships to boost sales: sources

IOC is seeking to buy August cargoes from Tehran on similar terms, with Iran responsible for the delivery to Indian ports.

27 Jul 2018 2:26 PM

Iran will respond with equal countermeasures if the United States tries to block its oil exports, the foreign ministry in Tehran said on Tuesday. (Photo: AFP)

Will respond in kind if US tries to block oil exports, says Iran

US officials are stepping up diplomatic efforts to pressure countries to stop importing Iranian oil.

24 Jul 2018 5:03 PM

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Shobhaa De

Iran oil