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India oil import News

01 May 2019

Iraq continues to be India's top oil supplier, imports from US rises 4-folds

India provisionally imported 207.3 million tonne of crude oil in 2018-19, down from 220.4 million tonne in the previous financial year.

India oil import

23 Apr 2019

India to get extra oil from major producers to make up for loss of Iranian oil

Pradhan said on Twitter that India has put in place a robust plan for adequate supply of crude oil to refineries.

09 Apr 2019

India delays May order for Iran oil, awaits clarity on sanctions: Report

Washington had given a six-month waiver to eight nations including India, allowing them to import some Iranian oil until early May.

Iran oil import

16 Oct 2018

Indian insurance companies not covering storage of Iranian oil: IOC official

"Insurance companies are providing for asset cover but are not covering the crude kept in storage," the official said on condition of anonymity.

12 Oct 2018

Iranian oil import may hurt India as Trump threatens against defying directive

On November 4, a second batch of potentially more damaging sanctions will be re-imposed on Iran's oil and shipping sectors as well as its central bank.

05 Oct 2018

US oil exports fall as India turns to Iran ahead of sanctions

US oil shipments to India fell to 84,000 barrels per day (bpd) last month, down 75 percent from a record high of 347,000 bpd in June, Kpler data showed. India accounted for 12 percent of US crude exports in June.

24 Sep 2018

India may cut oil imports to mitigate pain from high oil prices, dip in rupee

State refiners are looking at optimising crude oil inventory levels without in any way affecting fuel supplies in the domestic market.

India oil import

20 Sep 2018

India to pay in rupees for Iranian oil

Oil refiners such as state-owned Indian Oil Corp (IOC) and Mangalore Refinery and Petrochemicals Ltd (MRPL) could use UCO Bank or IDBI Bank to route oil payments to Iran, the official added.

India oil import

10 Aug 2018

Earlier govts not serious on ethanol output, now it will save Rs 12K crore: PM

India meets more than 80 percent of its oil needs through imports.

Iranian crude oil

28 Dec 2017

Asia's monthly Iran oil imports skid to lowest in Nov since April 2016

China, the biggest buyer, purchased 8.8 percent less oil from Iran year-on-year, taking around 557,900 bpd.

14 Dec 2017

India's November Iran oil imports skid to lowest since February 2016

India, the world`s number 3 crude oil consumer, received about 266,000 barrels per day (bpd) of oil from Iran last month.

10 Mar 2017

India's current account deficit to touch $30 billion in 2018

India`s current account deficit is expected to increase by $10 billion to $30 billion in the 2017-18 fiscal due to higher oil and gold imports, credit rating agency ICRA said.

India`s fuel consumption

16 Jan 2017

India fuel consumption to hit 200 million tonnes in 2016/17 - oil ministry

India`s fuel consumption is likely to hit 200 million tonnes in 2016/17, an oil ministry executive said on Monday, in what would be the highest such level in at least 16 years.

India oil import

12 Oct 2016

India's oil imports from Iran fall 4.1 percent in September

India`s purchases of Iranian oil fell 4.1 percent in September, slipping from August when imports from Tehran hit their highest in at least 15 years, according to ship tracking data.

19 Dec 2015

Now, India can import oil from US: Know why

The United States on Saturday lifted a 40-year-old ban on export of oil.

28 Aug 2015

Savings on oil will help in funding social security schemes: FM

India, which imports close to 80 percent of its oil needs, spent about USD 124 billion in 2014-15 on shipping oil.

28 Aug 2015

'India's oil imports dependence may hit 90% in next 2 decades'

India imports 79 percent of its oil needs, and spent USD 138.3 billion on the same.

30 Apr 2015

India's oil imports from Iran jump in April: Trade

India shipped in more than 17 percent more Iranian oil in April than a year before, buoyed by prospects of a diplomatic deal on Iran`s disputed nuclear programme by end-June, preliminary data from trade sources and compiled by Thomson Reuters Oil Analytics showed.

31 Mar 2015

Govt allocates Rs 4,948 cr for filling strategic oil reserves

Taking advantage of lower oil prices, the government on Tuesday allocated Rs 4,948 crore to full India's maiden strategic oil reserves to insulate itself from supply disruptions.

India Prime Minister

28 Mar 2015

Make India energy sufficient, cut imports: PM

Modi said plans are afoot to provide piped gas connection to 1 crore households in the next four years from 27 lakh presently.

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