Page 6 - India Oil Imports

Boon and bane: 6 ways in which lower oil prices will impact Indian economy

Prices are unlikely to breach the $40-a-barrel, and even when the world has fixed the disease it may double down on kicking its oil habit. Six factors that help and hurt India when oil is in plenty

India plans to fill strategic oil storage by third week of next month

India is moving the oil to the SPR to help the country's refineries reduce their excess crude as the lockdown to contain the Covid-19 outbreak has dented transportation and industrial fuel consumption

Many (new) avatars of energy (in)security

On all four dimensions, there are either new complications for old concerns or emerging anxieties in an energy transition.

To diversify beyond Middle East, India looks to import more oil from Brazil

India imports 84 per cent of its oil needs and two-thirds of its import come from the Middle East with Iraq and Saudi Arabia being the top suppliers

Iran expects India to source its oil, devise barter trade: Iranian minister

India had stopped importing oil from Iran after the US refused to extend exemption from sanctions since last year

As India seeks energy independence, booze may be a hurdle in the way

The Uttar Pradesh government recently announced a further increase in the quota of molasses that needs to be supplied to liquor makers to 18% of total state output from 16%.

At 73%, India's oil imports from OPEC nations hit lowest since 2011

OPEC's share of India's imports in September was about 81 per cent although total volumes were lower

IOCL may import 'costly' Russian oil as it aims to diversify sources

he nation is gradually tapping new sources to hedge itself against geopolitical risks.

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

Committed to meet India's energy security needs, says Saudi Arabia

Saudi Arabia is a key pillar of India's energy security, being a source of 17 per cent or more of crude oil and 32 per cent of LPG requirements of India

Saudi oil attacks: Logistics cost a concern as India looks to Russia, US

On Tuesday, Petroleum Minister Dharmendra Pradhan met Russian oil giant Rosneft's Chief Executive Office Igor Sechin and discussed raising crude imports from that country

Letter to BS: Over dependency on Middle East for oil may hit India hard

India's demand for crude is assessed at 8.2 million bbl/d by 2040, while domestic production will remain relatively flat at around 1 million bbl/d

Highly gratified by cooperation from 'great friend' India on Iran: US

India has brought down the import of oil from Iran, with which it has historic and cultural ties, to almost zero

India's edible oil imports may rise by 7.3% to record highs in FY20: Expert

Higher purchases by the world's biggest edible oil importer could support palm oil prices that are under pressure due to sluggish demand amid an expected rise in production

Can India defy Trump? Govt looks to keep Iran oil tap open amid sanctions

India is exploring ways to get around US sanctions, due to kick in from November 4, to continue buying oil from its third-largest supplier

India to continue Iran oil imports post US sanctions, to pay in rupees

Sources said India and Iran are discussing reverting to rupee trade after November 4