January 20, 2020 2:18 pm
India shipped in 2.68 million barrels per day (bpd) oil from the Middle East in 2019, down about 10% from 2018, and around 1.8 million bpd from elsewhere, the data reviewed by Reuters showed.
January 16, 2020 5:19 pm
India's total vegetable oil imports declined to 11.28 lakh tonne in December 2019, compared to 12.11 lakh tonne in the year-ago period, industry body Solvent Extractors Association (SEA) said.
September 16, 2019 6:22 pm
A massive drone strike on the world's largest crude-processing facility operated by Saudi Arabia's Aramco has driven oil prices to their highest level in nearly four months.
March 19, 2019 2:13 pm
Demand for liquefied petroleum gas is also surging, with state refiners seeking to import cargoes of the cooking fuel as the government tries to keep voter morale high by ensuring rural households are well supplied.
January 22, 2019 4:34 pm
In a report, Wood Mackenzie said India's oil demand growth recovered strongly in 2018, overcoming the aftermath of the implementation of Goods and Services Tax (GST) and demonetisation, and contributed 14 per cent of the global demand growth or 2,45,000 barrels per day.
September 29, 2018 6:20 pm
The US has made it clear that any country that continues to do business with Iran will be blocked from accessing the American banking and financial system.
May 23, 2016 12:03 am
Comfort from cheap oil is something the Modi government cannot rely on as it enters its third year
September 24, 2013 8:38 am
US has declared its will to negotiate after election of Rouhani as Iranian president.
April 08, 2014 5:27 pm
Value of trade between India and Iraq stands at 21 billion US dollars.
April 08, 2014 5:54 pm
Deputy PM for Energy offered to set up joint enterprises and invited investments in Iraq.