April 28, 2020 11:58 pm
The fundamentals of the oil industry are not just determined by demand and supply, they are also determined by geopolitics, by the paper trader, said Vikram S Mehta.
April 25, 2019 4:03 pm
The suspension could trigger legal claims by Western buyers against Russian suppliers, who would in turn seek compensation from Russian pipeline monopoly Transneft, three traders with Western oil buyers said.
April 23, 2019 7:09 am
India was one of eight countries allowed temporary import of Iranian oil. India was being pushed by the US to restrict its monthly purchase to 1.25 million tonnes, down from 22.6 million tonnes bought in 2017-18
December 25, 2018 12:37 am
While imports by government-owned firms decreased by 1.9 per cent in November that by private companies fell by 25.1 per cent.
November 22, 2018 7:34 am
India’s increased dependence on oil imports is in contradiction with the country’s planned roadmap to increase self-sufficiency. In March 2015, Prime Minister Narendra Modi had called for a time-bound reduction in India’s onerous import dependence for oil and gas.
October 01, 2014 10:49 am
The government has used its FY15 borrowing target by Rs 8,000 crore last week.
July 22, 2013 12:56 am
IOCs imports worth $7 billion in 13 months
March 20, 2013 2:02 am
India has,however,declined Iran's proposal to make payments in roubles or yuan.
January 18, 2012 2:52 pm
India is Iran's second-largest crude buyer,taking about 13.5 pct of Iran's 2.6 million bpd of exports.