Page 4 - Indian Oil Import

IOC to buy Guyanese crude as India doubles up on cutting Opec dependence

According to oil ministry officials, this deal is at competitive rates and is in line with the strategy to have multiple sources of crude oil for Indian refiners

Best of BS Opinion: Cloud over climate action, Tata vs Mistry, and more

Here's a selection of Business Standard opinion pieces for the day

Explained: Why 'atmanirbharta' flows against oil security for India

Instead of relying on negligible domestic deposits, India should be securing steady supplies from abroad

India hopes for resuming Iran oil imports as Biden presidency nears

India halted its imports from Iran, previously its third-largest oil supplier, in mid-2019 after the expiration of US exemptions.

India's May crude oil imports post biggest decline since at least 2005

Crude oil imports fell to 14.61 million tonnes, it's lowest since 2015, Petroleum Planning and Analysis Cell data showed on Friday

The oil glut

The crash in futures may not benefit India

India's July petrol imports hit highest level in 8 years at 230,000 tonnes

India's imports of crude oil have stalled in recent months, with both coal and liquefied natural gas also soft

Indian cos co-operating, stopped importing oil from Venezuela: Trump admin

Venezuela is the third largest supplier of oil to India which is the world's third-biggest oil consumer

Govt won't share limited Iran oil with private refiners: Sources

India private refiners have greater agility in oil sourcing

After 3-month gap, HPCL, BPCL to import 1 mn barrels of Iranian oil in Feb

Indian Oil Corp will lift 5 million barrels of Iranian oil in February, the same as this month

India to import Iranian crude oil using rupee payment mechanism: Source

India is Iran's second-biggest buyer of oil after China

Oil import bill for FY19 seen rising 42%; falling rupee cause for concern

The benchmark Indian crude oil basket is now estimated to average $77.88 a barrel for FY19, compared to the government's earlier estimate of $65 a barrel for the year and $56.39 for FY18

After Modi raises India's pricing concerns, Opec says no oil supply worries

Opec Secretary-General Mohammed Sanusi Barkindo said India's crude oil demand was expected to rise by 5.8 million bpd by 2040, accounting for around 40% of the global demand rise by then

Iran becomes India's No. 2 oil supplier, replacing Saudi: Oil minister

Data compiled by Reuters shows that India imported about 3.46 million tonnes, or about 279,000 bpd, from Iran between April and June last year

US says import of Iranian oil sanctionable from Nov 4; India may get relief

US Secretary of State Mike Pompeo indicated that the Trump administration was willing to show some flexibility to countries like India, which is the second largest buyer of Iranian crude

Venezuela's declining crude exports squeeze India's refiners amid Iran woes

An expert said that while Saudi Arabia was expected to boost supply to India in the short term, those barrels would not match the quality of the missing Venezuelan crude

India has 'Plan D' ready for Iran oil as Trump adds sanction pressure

IOC plans to buy 7 million tons of crude from Iran in the year ending March 31 versus 4 million tons in the previous fiscal year

India succumbs to US pressure; prepares for cut in oil imports from Iran

India has said it does not recognise unilateral restrictions imposed by the US, and instead follows UN sanctions

India's April oil imports from Iran highest since Oct 2016 as US curbs loom

Overall, India imported 4.51 million bpd in April, 2.5 percent higher than a year ago, the data showed

Govt aims to reduce hydrocarbon imports by 10% by 2022: Dharmendra Pradhan

Pradhan was speaking on the sidelines of a roadshow in Singapore for investors to explore oil and gas in India