India Oil Import
India's Feb crude oil imports jump 8% as demand hits over 2 decade high
India's imports of crude oil in February rose about 8% from a year earlier, government data showed on Wednesday, as fuel demand hit over 2-decade highs in the world's third-biggest oil importer
The $60 price cap on Russian oil may not hit Indian purchases: Report
India mostly buys the Urals crude from Russia. This grade made up 80% of India's oil imports last month
 "The $60 price cap on Russian oil may not hit Indian purchases: Report")
Reliance makes rare buy of Russian naphtha, ups fuel oil imports: Data
India imported about 410,000 tonnes of naphtha, used for making petrochemicals, in Sept-Oct, the Refinitiv data showed
 "Reliance makes rare buy of Russian naphtha, ups fuel oil imports: Data")
India to produce 25% of its oil demand by 2030, says Hardeep Puri
Indian petroleum industry is at the cusp of opportunity and will be able to produce 25 per cent of its crude oil demand by 2030, Union Petroleum and Urban Affairs Minister Hardeep Singh Puri said.
 "India to produce 25% of its oil demand by 2030, says Hardeep Puri")
Saudi Arabia overtakes Russia to be India's no 2 oil supplier in August
Saudi Arabia emerged as the second-biggest oil supplier to India after a three-month gap, overtaking Russia by a thin margin, while Iraq retained the top spot in August
 "Saudi Arabia overtakes Russia to be India's no 2 oil supplier in August")
Iraq leads with discounts as W Asia retains top slot in Indian oil market
Iraq, India's biggest crude oil supplier, maintained its lead over Russia in August, supplying 12-20 per cent more to India in the first 30 days of the month
 "Iraq leads with discounts as W Asia retains top slot in Indian oil market")
India's Russian imports up 3.5 times on oil buys despite Western pressure
It's now the 4th largest petroleum supplier for India with exports worth $1.3 bn in April
 "India's Russian imports up 3.5 times on oil buys despite Western pressure")
India asks OPEC to correct anomalies in crude price for different regions
India said oil-cartel OPEC needs to address anomalies in the crude price differential for different regions.
 "India asks OPEC to correct anomalies in crude price for different regions")
India's import of US oil jumps 10-fold to 250,000 bpd: US Energy Secretary
India began importing crude oil from the US in 2017 as it looked to diversify its import basket beyond the OPEC nations
 "India's import of US oil jumps 10-fold to 250,000 bpd: US Energy Secretary")
India on track to achieve 10% cut in crude oil import by 2022: Pradhan
The government is focusing on increased use of bio-fuels and raising domestic crude oil and gas production to reduce imports
 "India on track to achieve 10% cut in crude oil import by 2022: Pradhan")
India asks OPEC not to cut oil production; seeks better commercial terms
OPEC nations led by Iraq and Saudi Arabia supply more than 80% of India's oil needs
 "India asks OPEC not to cut oil production; seeks better commercial terms")
India's oil import bill 'likely to jump by $26 bn' due to record rupee fall
India, which imports over 80% of its oil needs, spent $87.7 billion on importing 220.43 million tonne of crude oil in 2017-18. For 2018-19, the imports are pegged at almost 227 MT
 "India's oil import bill 'likely to jump by $26 bn' due to record rupee fall")
'Go to zero': US pushes India, China and allies to halt Iran oil imports
The Trump administration's position is that no exemptions will be permitted, says a US State Department official
 "'Go to zero': US pushes India, China and allies to halt Iran oil imports")
How India plans to seek better bargains with global oil producers
Iran has offered to increase a discount on freight prices to Indian state refiners to double its sales to the companies, which control about one-third of India's refining capacity
 "How India plans to seek better bargains with global oil producers")
