By Rajeev Jayaswal, Hindustan Times, New Delhi
UPDATED ON FEB 22, 2021 07:20 AM IST
India has already requested OPEC and its allies, including Russia to immediately restore the output that was substantially cut to stabilise crude prices when the Covid-19 pandemic began raging and most of the global economies were under lockdowns
By Reuters | Posted by Kanishka Sarkar
UPDATED ON JUN 20, 2020 11:13 AM IST
India has relaxed coronavirus-led restrictions in lower risk areas, which is expected to improve demand and scale up crude processing.
Hindustan Times, New Delhi | By Abhishek Jha and Roshan Kishore
UPDATED ON FEB 23, 2020 12:34 AM IST
Palm oil and its variants have a share of more than 50% in India’s total edible oil, fat and waxes (edible oil) imports. In 2018-19 India’s oil and fat imports were worth almost $10 billion.
Hindustan Times, New Delhi | By Rajeev Jayaswal and Rezaul H Laskar
UPDATED ON JAN 11, 2020 04:02 AM IST
India is heavily dependant on oil imports from West Asia. Its top three suppliers in 2018-19 are from the area: Iraq, with about 46.6 million tonnes (MT) in 2018-19, is the number one supplier, followed by Saudi Arabia (40.3 MT) and the UAE (17.5 MT). Kuwait supplied 10.8 MT.
Hindustan Times, New Delhi | By Rezaul H Laskar and Yashwant Raj
UPDATED ON NOV 02, 2018 11:34 PM IST
The US has agreed to let eight countries, including its strategic allies India, Japan and South Korea, to keep buying Iranian oil after it reimposes sanctions next week
New Delhi | By Reuters
UPDATED ON SEP 04, 2018 08:35 AM IST
India wants to continue buying oil from OPEC member Iran as Tehran is offering almost free shipping and an extended credit period. However, in November, US sanctions against Iran kick in, along with a warning that those trading with the oil nation won’t do business with America.
Hindustan Times, New Delhi | By Jayanth Jacob
PUBLISHED ON JUL 04, 2018 11:09 PM IST
The US has told India and other countries to cut oil imports from Iran to “zero” by November 4 or face sanctions, indicating that there would be no waivers to anyone.
Hindustan Times, Washington | By Yashwant Raj, Washington
UPDATED ON JUL 03, 2018 12:09 AM IST
The US said it would consider granting waivers on a case-by-case basis, which will depend on evidence of reduced purchases by parties seeking waivers.
Press Trust of India, New Delhi | By Press Trust of India
UPDATED ON JUN 28, 2018 05:53 PM IST
While a final view on US asking India and China to cut Iranian oil imports has not yet been taken, the petroleum ministry has asked refiners to tread cautiously and start looking at alternatives, govt officials said on Thursday.
Hindustan Times, Washington | By Yashwant Raj
UPDATED ON JUN 27, 2018 08:40 PM IST
A US official said the message has been delivered to allies including India that oil imports from Iran have to be stopped completely by November 4, when sanctions are implemented