oil import

Saudi Aramco resumes Gulf oil exports from Ras Tanura port after 4 months

June 26, 2026 2:35 pm

Moscow’s oil helped India save $12.6 billion in 39 months; presumptive savings likely much higher as Russian oil imports kept global prices in check

September 02, 2025 9:16 am

Oil exports are the biggest source of revenue for Moscow, and New Delhi is the second-largest buyer of its oil after Beijing.

Indian refiners likely saved at least $10.5 billion by buying discounted Russian oil, data suggests

July 11, 2024 11:28 pm

According to The Indian Express’s analysis of India’s official trade data, Indian refiners likely saved at least $10.5 billion in foreign exchange between April 2022 and May 2024 by ramping up purchases of discounted Russian crude oil following the outbreak of the war in Ukraine.

Sanctions notwithstanding, India’s Russian oil imports surge as Moscow pushes more oil overseas

May 03, 2024 9:27 am

Indian refiners imported a total of 1.96 million barrels per day (bpd) of Russian crude oil in April, the highest since July of last year, and nearly 19 per cent higher than volumes imported in March, as per commodity market analytics firm Kpler.

Reliance on oil imports rises in April-February, likely to hit fresh full-year high in FY24

March 18, 2024 10:11 am

Total production of petroleum products from domestic crude oil was 26.1 million tonnes in April-February, which means that the extent of India’s self-sufficiency in crude oil was just 12.3 per cent, down from 12.8 per cent in the corresponding period of the last financial year.

Vegetable oil imports down 13% in February to 9.75 lakh tonne: Industry data

March 13, 2024 1:53 pm

In a statement on Wednesday, Solvent Extractors' Association of India (SEA) said the import of vegetable oils (comprising edible oils and non-edible oils) during February stood at 9,74,85 tonne as compared to 11,14,481 tonne in the year-ago period.

OPEC+ members extend oil output cuts to second quarter

March 03, 2024 11:06 pm

Oil prices have found support from rising geopolitical tensions due to attacks by the Iran-aligned Houthi group on Red Sea shipping, although concern about economic growth and high interest rates has weighed. Brent futures for May settled $1.64 higher, or 2%, at $83.55 a barrel on Friday.

At least 3 recently-sanctioned tankers scheduled to supply Russian oil to India in coming weeks

February 27, 2024 7:16 am

Indian refiners ramped up Russian oil purchases in the aftermath of Moscow’s February 2022 invasion of Ukraine

Centre considering to raise palm oil import tax to help rapeseed farmers

March 06, 2023 4:06 pm

The increase in the tax on palm oil could lift local prices, making the tropical oil a little less competitive than rival soyoil and sunflower oil.

Explained: Why has Saudi Arabia raised oil shipping costs to Asia?

April 08, 2021 9:32 am

Saudi Arabia will, however, continue to be one of the largest sources for the import of crude oil for India due to its geographical proximity and India’s large crude oil requirements.