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Reliance Industries plans to shut oil and gas production at its main fields in KG-D6 block in the coming months.

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

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

5 Oct 2018 8:34 PM IST

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.

3 Nov 2018 1:51 AM IST

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.

2 Nov 2018 1:36 PM IST

Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

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.

1 Nov 2018 10:48 AM IST

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...

27 July 2018 2:26 PM IST

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 July 2018 5:03 PM IST

Crude oil was trading higher 0.68 per cent to Rs 4,139 per barrel in futures market on Thursday.

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 March 2019 10:16 AM IST

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...

29 April 2019 2:35 AM IST

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...

Iran's supreme leader called the end of oil sanction waivers by the United States a hostile measure that won't be left...

24 April 2019 6:15 PM IST

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 April 2019 1:40 PM IST

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

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

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

22 April 2019 7:25 PM IST

Thats a 28 per cent gain in two years, putting the US close to becoming the worlds biggest crude producer, edging nearer to the 11 million bpd churned out by Russia.

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 IST