oil import
India's Iranian oil imports in June fall 15.9 per cent in June: sources
In June, India imported 592,800 barrels per day (bpd) of oil from Iran compared to 705,200 bpd in May.
In response to US push, India preparing for cut in oil imports from Iran: report
Sources said India, the 2nd biggest buyer of Iranian oil, will be forced to take action to protect its exposure to US financial system.
India looks to revive rupee payment system for Iran oil imports: sources
India is looking to revive a rupee trade mechanism to settle part of its oil payments to Iran.
GST won’t stop oil price fluctuations: Economic advisor
GST will not prevent price fluctuations as India is a massive importer of crude.
BPCL seeks extra Iran oil amid sanctions threat
So far India’s oil imports and payment mechanism have not been hit by the threat of US sanctions.
Reliance to halt oil imports from Iran: sources
In 2017, Reliance’s oil imports from Iran surged by about 45 per cent to 67,000 bpd, according to ship tracking data.
Indian Oil to turn to traditional suppliers to meet Iran oil shortfall
IOC plans to buy 140,000 bpd of Iranian oil in 2018-19 and has an option to buy an additional 40,000 bpd.
Asia oil thirst tab USD 1 trillion a year as crude rises to USD 80
Oil prices have gained 20 per cent since January to just shy of $80 per barrel, a level not seen since 2014.
Oil rises more than 1 pc as Saudi says production curbs could last into 2019
US President Donald Trump signed a memorandum that could impose tariffs on up to $60 billion of imports from China.
First US oil shipment to India arrives at Paradip
MT New Prosperity, with a capacity to haul two million barrels of crude, left the US on August 19 and arrived at Paradip on Monday.