Despite US sanctions, India to buy Iranian oil in November

'We expect the global leaders will understand our requirements,' Petroleum Minister Dharmendra Pradhan said.

Saudi Arabia gives assurances on supply as oil hits USD 80 per barrel

Saudi Arabia said it would make sure the world is adequately supplied with oil to support global economic growth.

The hike is all set to burn a bigger hole in commuters' pockets across the nation.

In March, India’s oil imports from Iran were 4,30,000 barrels per day.

During the talks they also reaffirmed their commitment to early and full implementation of their civil nuclear partnership.

Sanjiv Singh will coordinate with the head of China National Petroleum Corporation.

Saudi Aramco has reportedly sought majority ownership in the mega refinery-cum-petrochemical complex.

Petroleum Minister adds prices of refinery oil went up because US floods curtailed oil production by 13 per cent.

Rick Perry said co-operation between India and the US in energy sector is in mutual interest.

Country will auction oil and gas blocks under open acreage licensing policy twice a year.