Page 14 - Oil Imports

How Covid-19 spoilt the oil bonanza

Conventional wisdom is that when crude oil prices drop, India benefits as it is dependent on imported oil to the tune of about 85 per cent of its total consumption

India's import of US oil jumps 10-fold to 250,000 bpd: US Energy Secretary

India began importing crude oil from the US in 2017 as it looked to diversify its import basket beyond the OPEC nations

To diversify beyond Middle East, India looks to import more oil from Brazil

India imports 84 per cent of its oil needs and two-thirds of its import come from the Middle East with Iraq and Saudi Arabia being the top suppliers

India's Nov oil import growth fastest in seven months: Oil Ministry data

India, the world's third-biggest oil importer and consumer, has set an April 1, 2020 deadline to migrate to Euro VI-compliant fuels to cut its carbon emissions

Trade deficit narrows to $12.12 bn in 2019 as exports contract marginally

Oil imports during the month under review were USD 11.06 billion, 18.17 per cent lower year on year

At 73%, India's oil imports from OPEC nations hit lowest since 2011

OPEC's share of India's imports in September was about 81 per cent although total volumes were lower

Exports shrink for 3rd straight month; down 1.1% in Oct; imports fall 16.3%

Merchandise trade deficit remained relatively low at $11 billion after the $10.86-billion deficit in September

Trade deficit narrows to $11.01 billion in October on lower oil imports

Oil imports fell 31.74 per cent to $9.63 billion in October from $14.11 billion in the year-ago period

IOCL may import 'costly' Russian oil as it aims to diversify sources

he nation is gradually tapping new sources to hedge itself against geopolitical risks.

India's Nayara sending fuel to Rosneft in return for Venezuelan oil: Report

The United States in January prohibited US-dollar transactions for oil sales from Venezuela's PDVSA or its units

Petrol price jumps Rs 1.59 a litre, diesel by Rs 1.31 after Saudi attacks

India depends on Saudi Arabia for a fifth of its oil imports and has been in constant touch with Kingdom officials on securing its supplies

Attacks on Saudi oil facilities - what will it mean for consumers?

Consumers around the world could see costs rise for products ranging from gasoline and diesel to home heating costs and air fares

Centre proposes import tax hike on Malaysian refined palm oil

India imports palm oil mainly from Indonesia and Malaysia

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

Putin says Russia and Saudi Arabia will maintain oil cuts for 6-9 months

The current version of the deal by the so-called Opec+ coalition calls for production cuts of 1.2 million barrels a day

High level committee recommends strategy to reduce crude oil imports

The import dependency of crude oil and liquified natural gas during the year was 82.59 per cent and 45.89 per cent

India may receive 4 bn barrels of extra crude oil from Saudi Arabia in Nov

Indian oil buyers sought an additional 1 million barrels each in November

India eases oil import rules for state refiners as it seeks to cut costs

The move will help refiners in Iran's second biggest oil market to boost purchases from alternative sources as Trump prepares to halt Iranian oil sales through a new set of sanctions from Nov. 4

Indian refiners may cut oil imports as crude prices rise, rupee struggles

The soaring import costs are becoming a headache for PM Modi's government ahead of general elections next year

Using biofuels, India aims to cut oil import bill by Rs 120 billion: Modi

The govt plans to invest Rs 100 billion and would build 12 biofuel refineries