Tuesday, Jun 25, 2024 | Last Update : 11:41 AM IST

oil import Page-2

Oil slides as US crude production hits record, Asia factory output weakens

WTI crude oil futures were at USD 56.92 per barrel, down 2 cents from their last settlement.

28 Feb 2019 10:23 AM

Oil dips after Trump calls on OPEC to ease high prices

OPEC and some non-affiliated producers such as Russia agreed late last year to cut output by 1.2 million barrels per day.

26 Feb 2019 10:41 AM

Oil prices fall as US crude output hits record 12 million bpd

WTI crude oil futures were at USD 56.84 per barrel, down 12 cents, or 0.2 per cent

22 Feb 2019 10:14 AM

Oil hovers near 2019 highs amid OPEC cuts

Oil prices have been driven up this year by supply cuts led by the Organisation of the OPEC.

21 Feb 2019 4:34 PM

Oil near 2019 highs amid OPEC cuts, US sanctions

OPEC as well as some non-affiliated producers such as Russia agreed late last year to cut output by 1.2 mn barrels per day.

20 Feb 2019 11:00 AM


Brent oil eases from 2019 highs as markets await trade talks outcome

Brent crude oil futures were at USD 66.08 per barrel at 0220 GMT, down 42 cents, or 0.6 per cent from their last close.

19 Feb 2019 1:34 PM

Brent crude oil slips away from 2019 high after China reports car sales drop

At least partly offsetting the supply cuts has been a surge in US crude oil production by more than 2 million bpd in 2018.

18 Feb 2019 10:21 AM

Oil falls as US maintains record output, inventories climb

US crude oil production remained at the record 11.9 million barrels per day (bpd) it reached in late 2018.

07 Feb 2019 10:28 AM

US could offer oil at discount to compensate for Iran curbs

Crude imports from US may more than double to USD 8 billion this year.

21 Jan 2019 9:59 AM

Oil slides on China trade slump, but crude imports remain high

Crude futures were back in the red as trading began for a fresh week in Asia.

14 Jan 2019 10:35 AM


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.

07 Dec 2018 11:16 AM

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.

03 Nov 2018 5:02 PM

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.

23 Oct 2018 10:49 AM

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.

16 Oct 2018 11:28 AM

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.

27 Sep 2018 12:41 PM


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.

24 Sep 2018 10:50 AM

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.

11 Sep 2018 9:19 AM

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.

31 Jul 2018 8:22 AM

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.

25 Jul 2018 9:50 AM

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.

14 Jul 2018 10:07 AM