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Oil import

India's September palm oil imports fall by 33%

Palm oil imports in September fell more than 33% to 527,314 metric tons, the Solvent Extractors' Association of India (SEA) said
11 October 2024, 12:03 IST
India's September palm oil imports fall by 33%
India's September palm oil imports fall by 33%

India's September palm oil imports fall by 33%

11 October 2024, 12:03 IST

bp board meets in India reflecting importance of the country

This is the second time that the bp board is holding its meeting in India.
25 September 2024, 09:02 IST
bp board meets in India reflecting importance of the country
bp board meets in India reflecting importance of the country

bp board meets in India reflecting importance of the country

25 September 2024, 09:02 IST

Malaysia becomes China's No.2 crude oil supplier after Russia

Chinese refiners have continued to snap up cheaper, sanctioned oil despite sluggish domestic fuel demand.
20 September 2024, 07:21 IST
Malaysia becomes China's No.2 crude oil supplier after Russia
Malaysia becomes China's No.2 crude oil supplier after Russia

Malaysia becomes China's No.2 crude oil supplier after Russia

20 September 2024, 07:21 IST

Reliance gets US approval to resume crude imports from Venezuela

Apart from Reliance, India’s state-owned Oil and Natural Gas Corp.’s overseas investment arm ONGC Videsh Ltd. has also applied for waivers to import crude from Venezuela.
24 July 2024, 07:11 IST
Reliance gets US approval to resume crude imports from Venezuela
Reliance gets US approval to resume crude imports from Venezuela

Reliance gets US approval to resume crude imports from Venezuela

24 July 2024, 07:11 IST

India makes rare request for refiners to join on Russia oil deal

The government wants its refiners to lock in at least a third of their contracted supply from Russia at a fixed discount to help shield the nation’s economy from volatile prices, the people said, asking not to be named due to the sensitivity of talks.
22 May 2024, 03:41 IST
India makes rare request for refiners to join on Russia oil deal
India makes rare request for refiners to join on Russia oil deal

India makes rare request for refiners to join on Russia oil deal

22 May 2024, 03:41 IST

India's January oil imports hit record high on Red Sea delays, trade data shows

The world's third largest oil importer and consumer also received in January its first cargo of Venezuelan oil after a gap of more than three years, as the US eased sanctions on the South American producer, the data showed.
23 February 2024, 11:17 IST
India's January oil imports hit record high on Red Sea delays, trade data shows
India's January oil imports hit record high on Red Sea delays, trade data shows

India's January oil imports hit record high on Red Sea delays, trade data shows

23 February 2024, 11:17 IST

India resumes buying Russian Sokol oil after 2-month hiatus, sources say

Indian state refiners had to stop buying the grade last year after the government advised them against using Chinese yuan to pay for Russian oil amid strained relations between New Delhi and Beijing.
16 February 2024, 10:29 IST
India resumes buying Russian Sokol oil after 2-month hiatus, sources say
India resumes buying Russian Sokol oil after 2-month hiatus, sources say

India resumes buying Russian Sokol oil after 2-month hiatus, sources say

16 February 2024, 10:29 IST

No takers for rupee payment for oil imports

India's push for rupee to be used to pay for import of crude oil has not found any takers as suppliers have expressed concern on repatriation of funds and high transactional costs, the oil ministry told a parliamentary standing committee.
24 December 2023, 08:41 IST
No takers for rupee payment for oil imports
No takers for rupee payment for oil imports

No takers for rupee payment for oil imports

24 December 2023, 08:41 IST

As India frowns on paying for Russian oil with yuan, some payments held up, sources say

The tussle over payment has not disrupted deliveries so far, with Russian firms such as Rosneft continuing to supply state-controlled Indian refiners, who are seeking alternative ways for settlement.
16 October 2023, 09:40 IST
As India frowns on paying for Russian oil with yuan, some payments held up, sources say
As India frowns on paying for Russian oil with yuan, some payments held up, sources say

As India frowns on paying for Russian oil with yuan, some payments held up, sources say

16 October 2023, 09:40 IST

Russian oil imports hit new high in June; growth slows

In June India's imports of Russian oil exceeded its combined purchases from Iraq and Saudi Arabia, the second- and third-biggest suppliers to New Delhi
20 July 2023, 03:59 IST
India's Russian oil imports hit new high in June, but growth slows
India's Russian oil imports hit new high in June, but growth slows

Russian oil imports hit new high in June; growth slows

20 July 2023, 03:59 IST