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Chinese reliance on Middle East oil increases: Report 

Considering China's dependence on foreign suppliers for oil remains in excess of 70 per cent, Chinese fears of such disruptions to the energy supply chain will only grow.
Published on Dec 31, 2021 05:43 PM IST

India, US to release 5mn barrels of oil reserves to challenge OPEC grip: Report

The release may come within a week, and India and other countries may look at selling more crude later
Updated on Nov 23, 2021 07:23 PM IST

Altering strategic investments

A country like India which imports most of its crude oil needs from other countries ends up paying more money if crude oil prices increase in the international market.
Published on Jul 14, 2021 04:43 PM IST

India may turn to Iran, Venezuela for oil imports

India has already requested OPEC and its allies, including Russia (together known as OPEC+) 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, the officials said. (Representative Image)
Updated on Feb 22, 2021 07:20 AM IST

India’s May crude oil imports fall 22.6%, biggest decline since at least 2005

Workers walk inside the complex of the Vadinar refinery, operated by Essar Oil Ltd., (EOL) in the western Indian state of Gujarat
Updated on Jun 20, 2020 11:13 AM IST

Curb on edible oil imports leads to domestic inflation

India’s policy makers seem to have slipped on oil while trying to balance foreign and domestic policy goals.
Updated on Feb 23, 2020 12:34 AM IST

India to double US oil imports to cut reliance on others

Oil purchases from the US, which started in 2017-18, have already crossed about 6 million tonnes a year.
Updated on Jan 11, 2020 04:02 AM IST

India can buy oil from Iran as US agrees to waiver

A worker passes a helicopter landing pad aboard an offshore oil platform in the Persian Gulf's Salman Oil Field, operated by the National Iranian Offshore Oil Co., near Lavan island, Iran.
Updated on Nov 02, 2018 11:34 PM IST

India allows state refiners to use Iran tankers, insurance for oil imports

An engineer works inside the Kalol oil field in Gujarat. State-run refiners need government permission to import oil on a delivered, or cost, insurance and freight (CIF), basis. Federal policy requires them to favour Indian insurers and shippers by buying only on a free on board (FOB) basis
Updated on Sep 04, 2018 08:35 AM IST

India-US to hold talks on sanctions against Iran oil imports

This file photo taken on March 12, 2017 shows a view of an oil facility in the Khark Island, on the shore of the Gulf. The United States remains determined to force Iran to change its behaviour by cutting its oil exports to zero, the State Department said on July 2, 2018.
Published on Jul 04, 2018 11:09 PM IST

Relief for India? US could grant waivers for some oil imports from Iran

A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Persian Gulf. India is the second largest buyer of Iranian crude, and it was alarmed by a senior US official’s remarks last week that countries which do not cut their imports from Iran to zero by November 4 will be subject to “secondary sanctions”.
Updated on Jul 03, 2018 12:09 AM IST

India plans to cut oil imports from Iran, say officials

A worker inspects a pump jack at an oil field in Tacheng, Xinjiang Uighur Autonomous Region, China.
Updated on Jun 28, 2018 05:53 PM IST

US wants India to stop Iran oil imports by November 4, no waiver on sanctions

A file photo of US President Donald Trump with India's Prime Minister Narendra Modi in Manila, Philippines November 13, 2017.
Updated on Jun 27, 2018 08:40 PM IST
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