Page 5 - India Oil Imports

Middle East's crude share of India's oil imports hits 25-month low in May

India, world's third biggest oil importer, in March directed refiners to diversify crude sources after OPEC and its allies, led by top exporter Saudi Arabia, ignored Delhi's call to ease supply curbs

India's May crude oil imports dip as coronavirus pandemic curbs demand

India's May crude oil imports slipped to their lowest in three months as fuel demand sagged amid a second wave of the pandemic that crimped economic activity and mobility, data showed on Monday

Farzad-B gas field: India one of the losers in energy politics of West Asia

Last week, after chasing India to develop the field for 13 years, Iran announced that it will develop the offshore gas field, which runs along the country's maritime border with Saudi Arabia

Oil marketing firms: Gross refining margin, demand remain under pressure

Q4 numbers were boosted by inventory gains

Oil for oxygen: India welcomes Saudi covid aid, boosts oil imports

Indian oil minister Dharmendra Pradhan on Friday thanked Saudi Arabia and other Middle Eastern oil producers for supplying liquid medical oxygen (LMO) to help the country in its battle with the Covid

Undiplomatic wrangling

India-Saudi relationship must survive oil price dispute

India to resume buying crude oil from Iran once US sanctions ease: Official

India will look to resume buying crude oil from Iran the moment US sanctions are eased, helping it diversify its import basket, a senior government official said

Oil price dips as record Covid-19 cases in India imperil demand revival

West Texas Intermediate slid 0.6%, though remains within the $5 range it has traded in since mid-March

Power play: India wields oil 'weapon' to cut dependence on Saudi Arabia

Indian refiners plan to cut imports from the Kingdom by about a quarter in May, sources said, dropping them to 10.8 million barrels from monthly average of 14.7-14.8 million barrels

HPCL-Mittal first Indian company to buy Guyanese crude Liza: Report

The first cargo from new oil producer Guyana to the world's third-largest crude importer, India, departed this month from a production facility off the South American nation's coast

First Guyanese crude cargo to India on its way to Mundra port: Report

The first cargo from new oil producer Guyana to the world's third-largest crude importer, India, departed this month from a production facility off the South American nation's coast in a vessel

US becomes India's second biggest oil supplier, Saudi falls to fourth spot

Iraq continued to be the top oil seller to India despite a 23% decline in purchases to a five-month low of 867,500 bpd, the data showed

Oil will return to a starring role in India

Platts Analytics expects India's oil demand in 2021 to recover to slightly above the level of 2019, with growth of 465,000 barrels per day in the year

India wants to resume Iran, Venezuela oil imports under Joe Biden: Pradhan

India wants to diversify its oil imports, including the resumption of supplies from Iran and Venezuela after Joseph Biden becomes president of the US, Oil Minister Dharmendra Pradhan said

SEA urges govt to immediately announce NMEO to reduce edible oil import

The Solvent Extractors' Association of India (SEA) has urged the government to immediately announce the National Mission on Edible Oils (NMEO) to make the country 'Aatmanirbhar'

India's African oil imports hit 10-month high in August: Shipping data

India's oil imports from Africa jumped to their highest in 10 months in August as refiners switched out more expensive crude from the Middle East, shipping data shows

India's oil import bill dips by two-third on fall in global prices: Pradhan

India's crude oil import bill fell to a third in the first four months of the current fiscal after international oil rates nosedived on demand evaporating, Petroleum Minister Dharmendra Pradhan said

Opec shares in India's oil imports fall to decade low due to Covid-19

The Covid-19 disruptions have changed the structure of the country's oil and gas sector with the share of OPEC crude in Indian oil imports falling to a decade-low level in July.

India's May oil imports hit lowest since 2011 over drop in demand: Report

In May, India imported 3.18 million barrels per day (bpd) of oil, a decline of about 31% from April and about 26% from a year ago, the data showed

State dept defended India on Iran oil import, Trump was unmoved: Bolton

Iran is India's third-largest oil supplier after Iraq and Saudi Arabia. Iran supplied 18.4 million tonnes of crude oil between April 2017 and January 2018 (first 10 months of fiscal 2017-18)