In June, India imported 592,800 barrels per day (bpd) of oil from Iran compared to 705,200 bpd in May.
11 Jul 2018 11:30 AM
Sources said India, the 2nd biggest buyer of Iranian oil, will be forced to take action to protect its exposure to US financial system.
28 Jun 2018 5:06 PM
India is looking to revive a rupee trade mechanism to settle part of its oil payments to Iran.
23 Jun 2018 11:43 AM
GST will not prevent price fluctuations as India is a massive importer of crude.
11 Jun 2018 9:11 AM
So far India’s oil imports and payment mechanism have not been hit by the threat of US sanctions.
02 Jun 2018 11:18 AM
In 2017, Reliance’s oil imports from Iran surged by about 45 per cent to 67,000 bpd, according to ship tracking data.
31 May 2018 10:51 AM
IOC plans to buy 140,000 bpd of Iranian oil in 2018-19 and has an option to buy an additional 40,000 bpd.
23 May 2018 10:20 AM
Oil prices have gained 20 per cent since January to just shy of $80 per barrel, a level not seen since 2014.
17 May 2018 11:48 AM
US President Donald Trump signed a memorandum that could impose tariffs on up to $60 billion of imports from China.
23 Mar 2018 11:38 AM
MT New Prosperity, with a capacity to haul two million barrels of crude, left the US on August 19 and arrived at Paradip on Monday.
02 Oct 2017 5:07 PM
Cumulative export during April-July of 2017-18 rose by 8.91 per cent to USD 94.75 billion.
14 Aug 2017 6:25 PM
India plans to order about a quarter less Iranian crude due to a snub over development of Iran's Farzad B gas field.
15 Jun 2017 4:48 PM
Oil consumption will rise beom 4.1 million barrels per day in 2015 to 9.2 million bpd in 2035.
26 Jan 2017 2:22 PM