Page 4 - India Oil Imports

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

India ready to support oil markets after IEA agrees for record release

IEA's release is aimed at preventing a further rise in oil prices and is more than double the ​182 million barrels released in 2022 following Russia's invasion of Ukraine

LPG shortage fears trigger panic buying; eateries warn of shutdowns

Fears of an LPG shortage sparked panic buying at gas agencies in Lakhimpur Kheri, while restaurants in Goa warned of possible closures as commercial cylinder supply slows amid the West Asia conflict

Crude at $115 per barrel could raise India's oil import bill by $64 billion

If global crude averages $110-115 per barrel in FY27, India's net oil imports could rise by $56-64 billion annually, worsening the current account deficit and fuelling inflation

Indian refiners seek legal clarity on buying Russian oil under US waiver

The US on Thursday allowed Indian refiners a 30-day waiver from sanctions to buy Russian oil loaded on vessels as of March 5. Approval related to Russia's oil sale to India is valid until April 4

US issues temporary licence to allow some Russian oil sales to India

Move comes months after President Donald Trump slapped tariffs on Indian goods in a bid to pressure Prime Minister Narendra Modi's government to abandon energy purchases from Russia

Russian oil cargoes swing back to India as West Asia conflict hits supply

Indian refiners, wary of complicating trade talks with Washington, had pared back their purchases of Russian oil in recent weeks, which had forced Moscow to seek buyers in China

India most vulnerable to prolonged disruptions to West Asian oil: Analysts

Both ​China and India, Asia's top energy consumers, source around half of their crude imports from the West Asia, but India has far less oil in storage than its neighbor