Oil Exports
Joe Biden unlikely to cut Iran's oil lifeline after Israel attack
Several analysts suggested Washington might take some action to cut Iran's oil exports in part to temper any Israeli reaction to the Iranian strikes, which could escalate the conflict
 "Joe Biden unlikely to cut Iran's oil lifeline after Israel attack")
Govt hikes windfall tax on petroleum crude to Rs 4,600 a tonne from March 1
On Feb. 16, the government raised the windfall tax on petroleum crude to 3,300 rupees a metric ton from 3,200 rupees and hiked the tax on diesel to 1.5 rupees a litre from zero
 "Govt hikes windfall tax on petroleum crude to Rs 4,600 a tonne from March 1")
Europe moves into new world after crippling energy crisis of past
Still, having scraped through the crisis, Europe has emerged into a new reality that has its own list of challenges
 "Europe moves into new world after crippling energy crisis of past")
Obscure traders ship half of Russia's oil to India, China after sanctions
The new owner of the 100,000 tonnes of Urals crude carried on the Leopard I was a similarly low-profile outfit, Guron Trading, also based in Hong Kong, according two trading sources
 "Obscure traders ship half of Russia's oil to India, China after sanctions")
Russian oil exports to India likely to hit new highs as interest grows
The refinery executives said Indian processors will maintain their long-term supplies from producers such as Saudi Arabia, with any increase in Russian purchases done on a spot and opportunistic basis
 "Russian oil exports to India likely to hit new highs as interest grows")
Sunflower oil shipments to India from Russia, Ukraine return to normal
Argentina stays top exporter to India since war broke out
 "Sunflower oil shipments to India from Russia, Ukraine return to normal")
Unwelcome reminder
Trade weakness would affect growth
 "Unwelcome reminder")
India sends more vacuum gasoil to US as the West shuns Russian oil
India, the world's third-largest oil importer, has been ramping up Russian crude imports and increasing oil product exports to the West for higher margins.
 "India sends more vacuum gasoil to US as the West shuns Russian oil")
Iraq exports over 100 mn oil barrels in Oct, rakes in $9.25 bn in revenue
The average price for Iraqi crude oil in October was 88.31 dollars per barrel, the Ministry said in a statement on Tuesday, citing statistics from the State Organisation for Marketing of Oil.
Russia seeking oil payments from India in dirhams, shows document
An invoice seen by Reuters shows the bill for supplying oil to one refiner is calculated in dollars while payment is requested in dirhams.
 "Russia seeking oil payments from India in dirhams, shows document")
Occidental Petroleum loss narrows as chemicals, oil exports gain
The company benefited from a rebound in oil prices, up about 23% during the first quarter, as fuel demand recovered after being decimated last year by lockdowns
 "Occidental Petroleum loss narrows as chemicals, oil exports gain")
Saudi announces $1.3 trn pvt sector investment push led by Aramco, SABIC
The move aims to mobilise the Gulf Arab state's private sector to help wean the economy off its reliance on oil exports, which still account for more than half the state's income
 "Saudi announces $1.3 trn pvt sector investment push led by Aramco, SABIC")
Both exports and imports record growth in December; first time since Feb
Trade deficit at 25-month high as imports surge 8% after continuous declines; Data shows industrial activity picking up in December
 "Both exports and imports record growth in December; first time since Feb")
Saudi Aramco half-year profits plunge 50% due to Covid-19 pandemic impact
The company said it will uphold its commitment to pay out dividends of $18.75 billion for the second quarter
Reliance to load Venezuelan oil cargo under fuel swap deal: Report
Washington has exempted some Venezuelan oil trade from sanctions, when transactions are in exchange for fuel and food or to repay debts rather than for cash
 "Reliance to load Venezuelan oil cargo under fuel swap deal: Report")
Edible oils deficiency
Farmers need stable policy environment for investment
 "Edible oils deficiency")
US puts new sanctions, increases pressure on Iran's faltering oil exports
The US Treasury Department imposed new restrictions on a shipping network controlled by Iran's Islamic Revolutionary Guard Corps on Wednesday
 "US puts new sanctions, increases pressure on Iran's faltering oil exports")
Tale of two oil buyers: Saudi crude exports to China soar, US loses out
With China grabbing more Saudi crude, flows to India, Japan and South Korea also appear to have declined last month
 "Tale of two oil buyers: Saudi crude exports to China soar, US loses out")
Considerable amount of cooperation from India on Venezuela, says US
Trump administration has recognised opposition leader Juan Guaido as oil-rich country's interim leader against President Nicolas Maduro
 "Considerable amount of cooperation from India on Venezuela, says US")
US export falls as Indian buyers load up on Iranian oil ahead of sanctions
US oil shipments to India fell to 84,000 barrels per day (bpd) last month, down 75 per cent from a record high of 347,000 bpd in June
 "US export falls as Indian buyers load up on Iranian oil ahead of sanctions")
