OPEC's share of India's imports in September was about 81 per cent although total volumes were lower
Merchandise trade deficit remained relatively low at $11 billion after the $10.86-billion deficit in September
Oil imports fell 31.74 per cent to $9.63 billion in October from $14.11 billion in the year-ago period
he nation is gradually tapping new sources to hedge itself against geopolitical risks.
The United States in January prohibited US-dollar transactions for oil sales from Venezuela's PDVSA or its units
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
Consumers around the world could see costs rise for products ranging from gasoline and diesel to home heating costs and air fares
India imports palm oil mainly from Indonesia and Malaysia
India's imports of crude oil have stalled in recent months, with both coal and liquefied natural gas also soft
The current version of the deal by the so-called Opec+ coalition calls for production cuts of 1.2 million barrels a day
The import dependency of crude oil and liquified natural gas during the year was 82.59 per cent and 45.89 per cent
Indian oil buyers sought an additional 1 million barrels each in November
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
The soaring import costs are becoming a headache for PM Modi's government ahead of general elections next year
The govt plans to invest Rs 100 billion and would build 12 biofuel refineries
Dharmendra Pradhan says country has multi-country basket that is open to the world for competitive prices
Donald Trump said in early May that the United States would walk away from an international nuclear deal with Iran and impose renewed US economic sanctions on Tehran.
India is increasing refining capacity to keep pace with the expected growth in fuel demand
Imports from Iraq topped 1 mn barrels per day for the first time, up by 8% from a year ago
Saudi Arabia remained the biggest oil supplier to India