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The oil ministry held a meeting with refiners on Thursday, urging them to scout for alternatives to Iranian oil, the sources said.

Iran oil relief temporary, says US

Trump claims he did not want crude oil price to shoot up to $100-$150 due to shortage.

9 Nov 2018 1:03 AM IST

Indian purchases of Iranian crude increased from 12.7 million tonnes in 2015-16 to 27.2 mt the next fiscal. Today, Iran is Indias third largest oil supplier after Iraq and Saudi Arabia. (Representational Image | AP)

Iran's oil and India's fragile energy security

Washington's decision to dishonour its nuclear treaty with Tehran and hammer on economic sanctions was sudden as well as...

7 Nov 2018 12:45 AM IST

Oil Minister Dharmendra Pradhan today said the government is keeping a close eye on international prices.

US allowing India to keep buying Iranian oil: Pradhan

The US will allow the eight nations to import Iranian oil but only at much lower levels.

3 Nov 2018 5:02 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 to win US waiver for oil

Sources, however, said no final decision has been made and an announcement is likely just before sanctions on Iran are...

2 Nov 2018 1:31 AM 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 loaded 12 pc less Iranian oil in June than in May

Indian refiners bought around 6,64,000 barrels per day (bpd) of Iranian oil in June.

31 July 2018 8:22 AM IST

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

India's Iranian oil imports in June fall 15.9 per cent in June:...

In June, India imported 592,800 barrels per day (bpd) of oil from Iran compared to 705,200 bpd in May.

11 July 2018 11:30 AM IST

Vincent Campos, a spokesman at the US State Departments energy bureau said talks are ongoing with the eight consumers of Irans oil that received waivers in November with the aim of eventually cutting imports to zero. (Representational image)

India wants to keep Iran oil purchases at 3 lakh barrels per day:...

Iran was India's seventh biggest oil supplier in January, as compared to third-biggest a year ago.

8 March 2019 1:58 PM IST

India pays its third largest oil supplier in euros using European banking channels and imports.

India wants to keep Iran oil purchases at 300,000 bpd in extended...

India has reduced its purchases of Iranian oil but has been in talks on extending its sanctions waiver.

7 March 2019 4:13 PM IST

Irans 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 stop importing oil from Iran; make up lost volumes from...

India is likely to press with the US government for continuation of beyond its expiry on May 2.

23 April 2019 2:16 PM IST

The oil ministry held a meeting with refiners on Thursday, urging them to scout for alternatives to Iranian oil, the sources said.

US to end all waivers on imports of Iranian oil, crude price jumps

United States on Monday demanded that buyers of Iranian oil stop purchases by May 1 or face sanctions.

23 April 2019 12:12 PM IST

US President Donald Trump has decided to end waivers on Iranian oil. (Photo:AP)

Trump to end waivers on Iran oil imports: White House

The White House announced on Monday it will no longer grant sanctions exemptions to Iran's oil customers.

22 April 2019 6:35 PM IST

Ali Chegeni, Ambassador of Iran to India with Vice President Venkaiah Naidu (Photo: ANI/Twitter)

Iran is secretly selling oil to many nations: Envoy

We are selling oil. It is not a secret. Many countries are taking oil from us both officially and unofficially, says...

4 July 2019 12:26 AM IST