oil import
HPCL to buy Iranian oil in Jan after six-month gap: sources
HPCL would continue to buy Iranian oil on a regular basis during the waiver period.
US allowing India to keep buying Iranian oil: Pradhan
The US will allow the eight nations to import Iranian oil but only at much lower levels.
Prime Minister Modi’s fiscal may skid on high oil bill
The $125 billion import bill for the current financial year is high but it is still not the right estimate.
India oil demand to rise by 5.8 million barrels per day by 2040: OPEC
Global oil demand is expected to increase by 14.5 million bpd from 2017 to 111.7 million bpd in 2040.
India should reduce or stop crude oil import from Iran: Moody's
US is working with countries that import Iranian oil to cut their purchases substantially.
Indian refiners may reduce oil imports as crude prices soar, rupee struggles
It is becoming a headache for Modi govt ahead of general elections next year.
Iraq replaces Saudi as top oil supplier to India in August: report
Overall India’s monthly oil imports in August rose 3.1 per cent to about 4.7 million barrels.
India loaded 12 pc less Iranian oil in June than in May
Indian refiners bought around 6,64,000 barrels per day (bpd) of Iranian oil in June.
India to hold top spot for economic growth but oil poses risk: reports
India’s economy has started to recover after a slowdown caused by a ban on high-value currency notes in November 2016.
Trade deficit widens to more than five-year high in June
India’s trade balance is further bruised by a weakening Indian rupee that hit an all-time low against the dollar last month.