Page 2 - India Oil Imports

'No money to buy cylinder': Migrant workers leave metros amid LPG shortage

As an LPG shortage linked to the West Asia conflict disrupts cooking gas supply in Indian cities, many migrant workers are leaving metros and returning to their hometowns

West Asia war: Trump vows to hit Iran; Tehran appeals to American citizens

Tensions remain high in West Asia as Donald Trump threatens stronger attacks on Iran if talks fail. Here are the top updates at 10 am (IST)

Venezuelan crude exports surge to 6-year high as India fills China gap

Indian refiners, including Reliance Industries Ltd, Hindustan Petroleum Corp and Indian Oil Corp have purchased a combined 343,000 barrels a day for loading in March

West Asia war: Trump says conflict may end in 2-3 weeks; Brent at $104

President Donald Trump said the West Asia conflict could end in two to three weeks, while Iran signalled it is open to ending hostilities if it receives firm guarantees against future strikes

India bulks up Russia oil imports; Gulf flows ebb as tensions rise

Furthermore, Angola has emerged as one of the biggest crude oil suppliers to India amid attempts to source from West Asian alternatives

India's first Iranian oil cargo since 2019 headed to Gujarat coast

India's first Iranian crude oil cargo since 2019 may be headed towards a port in Gujarat, according to ship tracking data. Indian refiners have been looking to purchase a few cargoes of Iranian oil on water following the recent sanctions waiver by Washington. "The Indo-Iranian oil trade has flickered back to life. Following the US administration's decision to grant a 30-day window for Iranian oil "on the water" due to regional conflict, the vessel Ping Shun is now en route to Vadinar (in Gujarat) with 600,000 barrels of crude. This is the first such delivery since May 2019 and comes at a critical time for Indian refiners facing tightening inventories," said Sumit Ritolia, Lead Research Analyst, Refining and Modelling at commodity market analytic firm Kpler. While the identity of the buyer is unknown, Vadinar is home for 20 million tonnes a year oil refinery of Russian oil giant Rosneft-backed Naraya Energy. It also is the landing point for crude oil that goes to hinterland refinerie

West Asia war updates: Iran moves to charge Hormuz transit; Brent at $111

Iran has approved a plan to impose tolls on ships passing through the Strait of Hormuz amid the ongoing West Asia war, raising concerns over global oil supply as Brent crude trades near $111 a barrel

Over 4 in 10 households face LPG delays; black market sales rise: Survey

A new LocalCircles survey found that 43% of household consumers reported experiencing LPG delays in the last week, indicating that nearly half of the respondents struggled to get timely deliveries

West Asia war: Trump says US could 'take the oil' in Iran; Brent at $115

Donald Trump says Iran will allow 20 oil ships through the Strait of Hormuz, while Brent crude has surged to about $115 a barrel. Here are the top updates at 9 am (IST)

Indian refiners buy 60 mn barrels of Russian oil for April amid Iran war

The cargoes were booked at premiums of $5 to $15 a barrel to Brent

West Asia war updates: Iran warns Hormuz closure if hit; Brent above $112

Iran warned it may close the Strait of Hormuz if its power plants are attacked; oil prices stayed high, with Brent crude trading above $112 per barrel. Here are the top updates at 10 am:

Centre directs oil, gas firms to share export, import, and inventory data

India has been hit hard by the jump in crude prices and disruption in oil and gas supplies, but unlike China it has not moved to ban exports of refined fuel

West Asia war updates: Iran hits Qatar LNG hub; Brent crude above $111

Iran strikes energy sites, including a key LNG hub in Qatar, as tensions rise across West Asia; oil prices climb past $111. Here are the top updates at 9 am (IST)

West Asia war updates: Iran's Larijani killed; Trump decries Nato snub

The West Asia conflict showed no signs of easing on Day 19, with Israel striking Iran and Tehran confirming Ali Larijani's death; Donald Trump said US-Israel operations are 'proceeding very well'

West Asia war updates: Trump says Iran must not get nukes; Brent tops $102

The US-Israel war with Iran entered day 18 as Donald Trump said the conflict may end soon; the Strait of Hormuz remains tense, while oil prices rose with Brent crude trading above $102 a barrel

No fuel shortage in India, refineries running at full capacity, says govt

West Asia crisis: The government said India has adequate crude oil supplies and refineries are running at full capacity; consumers with both PNG and LPG connections have been asked to give up LPG

India gains most from US nod to Russian oil imports, but concerns remain

The country still faces a shortfall of 700,000 bpd of crude oil in March compared to Feb

LPG production up 30%, fuel supply stable, says govt amid West Asia crisis

The government said India has enough petrol, diesel and crude stocks despite the West Asia conflict; LPG output has risen 30 per cent and people are urged not to panic buy fuel

New truncated gas allocation regime still faces a large LNG shortfall

India's new gas rationing regime may still fall short as LNG supplies shrink after the Strait of Hormuz closure, leaving a widening gap between demand and imports

Iran clears Indian-flagged tankers to transit Strait of Hormuz: Sources

Iran will allow Indian-flagged oil tankers to pass through the Strait of Hormuz after talks with External Affairs Minister S Jaishankar, sources said