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Indias oil imports in May hit the lowest since Oct 2011. (AFP Photo)

India's oil imports in May sink to lowest in over 8 years

Indian refiners in April filled tanks with cheaper oil, sold extra cargoes to the federal government for strategic...

24 Jun 2020 4:59 AM GMT

China imports more oil from Saudi than any other country in June. (AFP Photo)

China's crude imports from Saudi hit fresh high in June

Imports from Saudi Arabia rose to 8.88 million tonnes or 2.16 million bpd in June

26 July 2020 10:47 AM GMT

India in May suspended 39 oil import licences to slow duty-free shipments from neighbouring nations, disrupting refiners in Nepal. (AFP Photo)

Nepal's refiners struggle as India stops refined palm oil imports

Palm oil stockpiles in Nepal have swelled to 70,000 tonnes, overwhelming local demand needs, said Sarda

22 July 2020 6:12 AM GMT

Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

Govt has not told refiners to halt Iranian oil imports: source

India has close diplomatic ties with Iran and is also building the strategic Chabahar port in the Middle Eastern...

26 Sep 2018 12:15 PM GMT

Indian Oil Corp has delayed maintenance shutdown at its 300,000 barrels per day (bpd) Paradip refinery in eastern Odisha state to March-April, a company spokesman said on Friday. (Photo:IOCL)

Indian oil refiners issue tanker tenders aimed at boosting domestic...

Shift to five-year contracts would give millions of dollars in tanker contracts to the Indian carriers.

4 Dec 2017 10:14 AM GMT