Page 12 - Oil Imports

Indian Oil buys 3 mn barrels of Russian Urals for May loading: Report

Indian Oil Corp, the country's top refiner, on Wednesday bought 3 million barrels of Russian Urals and 2 million barrels of West African oil through a tender for May loading

Indian Oil buys 3 million barrels of Urals for May loading: Report

Urals crude has been purchased from trader Vitol on delivered basis at a "discount", they said

India's Feb crude oil imports hit four month-low as global prices surge

India is the world's third-biggest oil importer and consumer, and covers over 80% of its crude oil needs with imports, relying heavily on the Middle East

Nayara Energy buys Russian Urals crude after gap of 1 year: Report

Indian private refiner Nayara Energy, part-owned by Russia's Rosneft, has purchased Russian oil after a Urals a year, buying about 1.8 million barrels of Urals from trader Trafigura

India's February palm oil, sunflower oil imports drop month-on-month

India's palm oil imports in February fell 18% from a month prior because of higher prices, while sunflower oil imports plunged 50% as supplies from the Black Sea region were disrupted

Ukraine conflict: Canada bans imports of oil products from Russia

Canada is banning imports of oil products from Russia, the Canadian government announced on Friday.

US House supports ban on Russian oil imports for invading Ukraine

House overwhelmingly approved legislation Wednesday night that would ban Russian oil imports to the US, an effort to put into law the restrictions announced by Biden in response to the Ukraine war

Explained: Why Japan's power sector depends so much on LNG

Resource-poor Japan depends overwhelmingly on fossil-fuel imports to meet its energy needs, complicating calls for the nation to boycott Russia's oil and LNG after Moscow's invasion of Ukraine

US ban on Russia oil may leave more cargoes at sea with no buyers: Analysts

US ban on Russian oil imports is likely to leave more cargoes at sea with no buyers, and the EU's decision to continue imports was unlikely to make much difference to disarray in Russian oil trade

Joe Biden to ban Russian oil imports over Ukraine war, says report

President Joe Biden has decided to ban Russian oil imports, toughening the toll on Russia's economy in retaliation for its invasion of Ukraine, according to a person familiar with the matter. The move follows pleas by Ukrainian President Volodmyr Zelenskyy to US and Western officials to cut off the imports, which had been a glaring omission the massive sanctions put in place on Russia over the invasion. Energy exports have kept a steady influx of cash flowing to Russia despite otherwise severe restrictions on its financial sector. Biden was set to announce the move as soon as Tuesday, the person said, speaking on the condition of anonymity to discuss the matter before an announcement. The White House said Biden would speak on Tuesday morning to announce actions to continue to hold Russia accountable for its unprovoked and unjustified war on Ukraine. The US will be acting alone, but in close consultation with European allies, who are more dependent on Russian energy supplies. Natur

India's February sunflower oil imports fall as war disrupts shipments

Ukraine and Russia account for more than 90% of India's imports of sunflower oil

BPCL seeks extra Gulf oil, fearing Russian supply hit: Report

BPCL, India's second-biggest state refiner, on an average buys two million barrels of Russian Urals every month on a delivered basis

Russia-Ukraine crisis: Sunflower prices heading north in South India

The price increase in other parts of India has not been that steep so far

How will $120 crude oil price spoil India's budget math?

The tension between Russia and the Western world over the Kremlin's military build-up on the Ukrainian border pushed oil price to $90 a barrel. What does it mean for the Indian economy?

India's high foreign exchange reserves not enough to shield rupee

A sharp rise in oil import bill has led to a big decline in forex reserves to imports in FY22

Fuel demand, capacity addition by refiner likely to inflate oil import bill

Demand for all fuels rose 5 per cent in the April-December period to 148 mt from a year earlier, according to the oil ministry

OPEC's share of Indian oil imports falls to lowest in at least 15 years

NEW DELHI (Reuters) - OPEC's share of Indian oil imports fell in 2021 to the lowest in more than a decade despite a 4% rebound in annual crude purchases by the world's third biggest oil importer, data obtained from industry sources showed.

Mideast share of Nov Indian oil imports at 16-mth high, African grades slip

On the other hand, the share of African oil plunged to a 16-month low of around 9.7%, or about 419,000 bpd, the data showed.

India's crude oil import bill set to breach FY21 tally, say experts

Import bill likely to be a three-year high

Gadkari bats for green hydrogen; says India needs to reduce oil imports

Batting for green hydrogen as a transport fuel, Union Minister Nitin Gadkari on Monday said there is a need to make India a country that will not be dependent on imports of petrol and diesel. Speaking at an event, Gadkari regretted that some countries are also using proceeds from the sale of petrol and diesel to finance terrorism. "Green hydrogen is better than petrol and diesel. The transport sector is witnessing a big change. "We want to make a country which will not be dependent upon the import of petrol and diesel but will export fuel," the road transport and highways minister said, adding that this was a nationalistic view. By importing petrol and diesel, Gadkari, who is known for his frank views, said, "We are making countries richer which also finance terrorism". The road transport and highways minister, however, did not name any country. He further said the reduction of import of petrol and diesel can solve a lot of problems being faced by the country. Gadkari said it is