Page 15 - India Oil Imports

US becomes India's second biggest oil supplier, Saudi falls to fourth spot

Iraq continued to be the top oil seller to India despite a 23% decline in purchases to a five-month low of 867,500 bpd, the data showed

Oil will return to a starring role in India

Platts Analytics expects India's oil demand in 2021 to recover to slightly above the level of 2019, with growth of 465,000 barrels per day in the year

India wants to resume Iran, Venezuela oil imports under Joe Biden: Pradhan

India wants to diversify its oil imports, including the resumption of supplies from Iran and Venezuela after Joseph Biden becomes president of the US, Oil Minister Dharmendra Pradhan said

SEA urges govt to immediately announce NMEO to reduce edible oil import

The Solvent Extractors' Association of India (SEA) has urged the government to immediately announce the National Mission on Edible Oils (NMEO) to make the country 'Aatmanirbhar'

India's African oil imports hit 10-month high in August: Shipping data

India's oil imports from Africa jumped to their highest in 10 months in August as refiners switched out more expensive crude from the Middle East, shipping data shows

India's oil import bill dips by two-third on fall in global prices: Pradhan

India's crude oil import bill fell to a third in the first four months of the current fiscal after international oil rates nosedived on demand evaporating, Petroleum Minister Dharmendra Pradhan said

Opec shares in India's oil imports fall to decade low due to Covid-19

The Covid-19 disruptions have changed the structure of the country's oil and gas sector with the share of OPEC crude in Indian oil imports falling to a decade-low level in July.

India's May oil imports hit lowest since 2011 over drop in demand: Report

In May, India imported 3.18 million barrels per day (bpd) of oil, a decline of about 31% from April and about 26% from a year ago, the data showed

State dept defended India on Iran oil import, Trump was unmoved: Bolton

Iran is India's third-largest oil supplier after Iraq and Saudi Arabia. Iran supplied 18.4 million tonnes of crude oil between April 2017 and January 2018 (first 10 months of fiscal 2017-18)

Boon and bane: 6 ways in which lower oil prices will impact Indian economy

Prices are unlikely to breach the $40-a-barrel, and even when the world has fixed the disease it may double down on kicking its oil habit. Six factors that help and hurt India when oil is in plenty

India plans to fill strategic oil storage by third week of next month

India is moving the oil to the SPR to help the country's refineries reduce their excess crude as the lockdown to contain the Covid-19 outbreak has dented transportation and industrial fuel consumption

Many (new) avatars of energy (in)security

On all four dimensions, there are either new complications for old concerns or emerging anxieties in an energy transition.

To diversify beyond Middle East, India looks to import more oil from Brazil

India imports 84 per cent of its oil needs and two-thirds of its import come from the Middle East with Iraq and Saudi Arabia being the top suppliers

Iran expects India to source its oil, devise barter trade: Iranian minister

India had stopped importing oil from Iran after the US refused to extend exemption from sanctions since last year

As India seeks energy independence, booze may be a hurdle in the way

The Uttar Pradesh government recently announced a further increase in the quota of molasses that needs to be supplied to liquor makers to 18% of total state output from 16%.

At 73%, India's oil imports from OPEC nations hit lowest since 2011

OPEC's share of India's imports in September was about 81 per cent although total volumes were lower

IOCL may import 'costly' Russian oil as it aims to diversify sources

he nation is gradually tapping new sources to hedge itself against geopolitical risks.

India on track to achieve 10% cut in crude oil import by 2022: Pradhan

The government is focusing on increased use of bio-fuels and raising domestic crude oil and gas production to reduce imports

Committed to meet India's energy security needs, says Saudi Arabia

Saudi Arabia is a key pillar of India's energy security, being a source of 17 per cent or more of crude oil and 32 per cent of LPG requirements of India

Saudi oil attacks: Logistics cost a concern as India looks to Russia, US

On Tuesday, Petroleum Minister Dharmendra Pradhan met Russian oil giant Rosneft's Chief Executive Office Igor Sechin and discussed raising crude imports from that country