Page 2 - India Crude Oil

Russia may be India's biggest crude supplier in June, a historic first

Russian oil is on pace to account for 21 per cent of all imports into India, shrinking the shares of Iraqi and US crude

Not India-related issue, says MEA on procurement of Russian crude oil

India once again asserted on Thursday that its procurement of crude oil from Russia is guided by its energy security requirements.

India's imports of cheap Russian crude surge since Ukraine invasion: Data

India received more than 24 mn barrels of Russian crude this month, up from 7.2 mn barrels in April, and is set to receive about 28 mn barrels in June, according to Refinitiv Eikon oil flows

Best of BS Opinion: Crude economics, passive approach, and more

Here are the top BS Opinion articles of the day

India's crude oil production falls 1% in April on account of lower output

India's crude oil production fell 1 per cent in April after lower output from fields operated by the private sector wiped away gains by state-owned firms such as ONGC, official data showed Tuesday.

MCX Crude Oil futures seem range-bound; Bias positive for Natural Gas

The MCX Natural Gas May futures are likely to trade with a bullish bias in May as long as the commodity holds above Rs 576-level.

Reliance buys 15 mn barrels of Russian oil amid Ukraine war: Report

Western sanctions against Russia since its Ukraine invasion have prompted many oil importers to shun trade with Moscow.

India on its way to becoming global energy superpower: Hardeep Singh Puri

"Global energy superpower means we will set the pace for global consumption, becoming a significant producer by way of exploration and production of different sources of energy," he added

Govt indicates readiness to release more oil reserves amid Ukraine crisis

'Govt of India is ready to take all appropriate action, as deemed fit, for mitigating market volatility and calming the rise in crude oil prices,' MoS Rameswar Teli said

Indian Oil buys 3 million barrels Russian Urals crude via tender: Report

IOC said in late February it would buy Russian oil on delivered basis to avoid any complication relating to fixing vessels and insurance

India's crude oil production drops 2.4% in January to 2,511 TMT

India's crude oil production fell to 2,511.66 thousand metric tonnes (TMT) in January 2022, which is 2.40 per cent lower than the output registered during the same month last year and 6.04 per cent lower than the official target for the month, the government data showed on Wednesday.Cumulative crude oil production during the April-January period of the current financial year stood at 24890.07 TMT, which is 2.61 per cent lower than the output registered during the corresponding period of 2020-21, according to data released by the Ministry of Petroleum & Natural Gas.The cumulative output for the April-January 2021-22 is 4.63 per cent lower than the official target for the period.Crude oil production by ONGC (Oil and Natural Gas Corporation) in the nomination block during January 2022 was 1662.79 TMT, which is 3.68 per cent lower than the target of the month and 3.09 per cent lower when compared with production of January 2021.Cumulative crude oil production by ONGC during ...

India's January crude oil imports slip from one-year highs

India's crude oil imports in January fell from one-year highs hit in the previous month, though fuel demand is expected to recover as several states ease Covid restrictions after a decline in cases.

India September crude imports hit 5-mth high as business activity picks up

"Indian refiners see crude demand roaring back as driving picks up and on expectations for a strong return of international travel in November.

Saudi Arabia committed to meet India's crude oil requirement: Saudi envoy

Saudi Arabia, the world's largest oil exporter, on Sunday said it is committed to meet India's requirements of petroleum products

India's crude imports stall in April as coronavirus stifles demand

Crude oil imports in April were at 18.26 million tonnes, although on a yearly basis they rose about 10.3%, data on the website of the Petroleum Planning and Analysis Cell (PPAC) showed on Thursday

India's crude oil production slips 5% in November: Government data

This was primarily due to a sharp drop in output at Rajasthan oilfields operated by private sector Cairn Vedanta

A look at the likely changes in US-India energy ties as Biden takes charge

India's position as the third largest importer of US crude is more a political statement of friendship between New Delhi and Washington DC, and comes at a cost

Vedanta's Cairn Oil & Gas gets 3-month extension for Rajasthan oil block

Vedanta's oil and gas arm Cairn has got a further three-month extension of license for its prolific Rajasthan oil block pending settlement of a dispute over $520 million cost recovery

India's crude, gas consumption up but output fell in last 10 years: Report

India is second biggest growth driver of primary energy consumption in the world, behind China.

Covid-19 impact: India crude oil production plummets 5.5% in March

The cumulative crude oil production during 2019-20 was 32.1 million tonne, 5.95 per cent lower than production of 34.2 mt during the corresponding period of last year