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Crude Oil

  • India

    India importing crude from 40 countries; Argentina is new supplier: Hardeep Puri

    by ANI February 10, 2025
    by ANI February 10, 2025

    Petroleum minister Hardeep Puri on Monday said that India is open to importing crude oil from all possible sources to meets its demand. Addressing a press conference a day ahead …

  • World

    China announces retaliatory tariffs on US, to impose 15 pc tariff on coal, LNG; 10 pc on crude oil

    by ANI February 4, 2025
    by ANI February 4, 2025

    After the US government announced a 10 per cent tariff on all Chinese goods exported to America, China on Tuesday imposed additional tariffs on various US goods, including a 15 …

  • India

    India moving towards gas-based economy from import dependent crude based economy: Hardeep Puri

    by ANI November 11, 2024
    by ANI November 11, 2024

    Union Minister Hardeep Singh Puri on Monday highlighted that India is moving towards a gas-based economy from the imported crude based economy for its energy requirements. The minister stated that …

  • India

    India’s crude imports will not be impacted by Israel-Iran conflict: Experts

    by ANI October 4, 2024
    by ANI October 4, 2024

    The ongoing conflict between Israel and Iran is not expected to have a significant impact on India’s crude oil imports, as experts pointed out that India’s crude imports from Iran …

  • Economy

    Core industries grows by 6.3 pc in May, Power, coal, steel, natural gas and refinery showed positive growth

    by ANI June 28, 2024
    by ANI June 28, 2024

    The combined Index of Eight Core Industries (ICI) increased by 6.3 per cent in May, 2024 as compared to last year, said the Ministry of Commerce and Industry on Friday. …

  • Economy

    Is BRICS set to change world energy order after top oil producers queue up to join grouping?

    by Mahua Venkatesh August 21, 2023
    by Mahua Venkatesh August 21, 2023

    Among the several countries that have expressed keenness to join the BRICS (Brazil-Russia-India-China-South Africa) bloc, the applications by Saudi Arabia, Iran, UAE, Egypt, Bahrain – the world’s top oil producers …

  • Economy

    After Indian oil imports from Russia touch all-time high, Iran too queues up for Indian market

    by Mahua Venkatesh July 3, 2023
    by Mahua Venkatesh July 3, 2023

    Notwithstanding the teething problems in the rupee-ruble payments mechanism, India’s oil imports from Russia further increased in June with a record high of 2.2. million barrels per day (bpd) being …

  • Economy

    India’s energy supplies from Russia to remain intact despite Moscow’s cut in production

    by Mahua Venkatesh June 5, 2023
    by Mahua Venkatesh June 5, 2023

    India’s crude supplies from Russia are expected to remain intact or even rise despite Moscow’s decision to cut down on oil production. Russia has already that it will bring down …

  • Economy

    India displaces China to be largest purchaser of Russian seaborne oil

    by IN Bureau May 25, 2023
    by IN Bureau May 25, 2023

    As more than 90 per cent of Russian oil is flowing into Asia since the beginning of the Ukraine war last year, India’s imports of seaborne crude from Moscow are …

  • Economy

    Russia announces further reduction of energy exports to Europe, causing worries for EU nations

    by Mahua Venkatesh April 28, 2023
    by Mahua Venkatesh April 28, 2023

    The European Union, hit by surging prices, is likely to push back against further expansion of sanctions against Russia, though the energy crisis has eased significantly with the winter passing …

  • Economy

    India’s steel imports from Russia rise five fold in the last one year

    by IN Bureau February 21, 2023
    by IN Bureau February 21, 2023

    India’s imports of steel from Russia have risen to an eight-year high during April to January period of the current financial year, news agency Reuters said. Sources said that inbound …

  • World

    Russian oil contributing to India’s energy security

    by IN Bureau December 22, 2022
    by IN Bureau December 22, 2022

    The government of India is taking all the steps, to ensure the security of crude supplies and mitigate the risk of crude oil dependence on a single region. Replying to …

  • Economy

    Indian Oil, Hindustan Petroleum strike deals to buy Russian oil at discounted prices

    by IN Bureau March 17, 2022
    by IN Bureau March 17, 2022

    <p> India's public sector oil companies have bought 5 million tonnes of Russian crude oil at deeply discounted prices in the wake of the Ukraine conflict.  </p> <p> The deals will …

  • Videos

    ‘No Sanctions But Think About Where You Stand’ Says US On India Buying Discounted Russian Oil

    by IN Bureau March 16, 2022
    by IN Bureau March 16, 2022

    <p> <iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/WrLq4NS7ezM" title="YouTube video player" width="560"></iframe></p> <p> US says India taking up Russia's oil deal of discounted crude oil is …

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