Iranian Oil

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Iranian Oil - Total results - 18
India stops purchasing Iranian oil after US waivers expire; explores alternative sources of energy: Envoy
Business

India stops purchasing Iranian oil after US waivers expire; explores alternative sources of energy: Envoy

India joins Greece, Italy, Taiwan and Turkey which have stopped importing Iranian oil.

As US-Iran tensions flare over sanctions, sabotage of Saudi ships, Tehran sends foreign minister to New Delhi
India

As US-Iran tensions flare over sanctions, sabotage of Saudi ships, Tehran sends foreign minister to New Delhi

After the exemptions expired on 2 May, India said it will deal with the issue based on three factors — the country's energy security, commercial consideration and economic interests

Rupee rises 5 paise at 69.62 on some dollar selling by banks, exporters amid crude oil concerns
Business

Rupee rises 5 paise at 69.62 on some dollar selling by banks, exporters amid crude oil concerns

Some dollar buying by exporters, however, helped the rupee recover its lost ground at the fag-end. The domestic currency finally settled at 69.62, up by 5 paise over its previous close.

Rupee rises 9 paise to 69.58 in early trade amid reports on India’s arrangement for alternate crude oil sources
Business

Rupee rises 9 paise to 69.58 in early trade amid reports on India’s arrangement for alternate crude oil sources

The rupee was also buoyed on reports that India has lined up alternate sources to make up for likely shortfall in crude supplies, forex dealers said.

US to sanction five countries, including India, for importing oil from Iran, say sources; Mike Pompeo to announce non-renewal of waivers today
World

US to sanction five countries, including India, for importing oil from Iran, say sources; Mike Pompeo to announce non-renewal of waivers today

The Trump administration is poised to tell five nations, including India, that they will face US sanctions if they keeping importing oil from Iran.

India delays May order for Iran crude oil, awaits clarity on sanctions waiver against OPEC-member
Business

India delays May order for Iran crude oil, awaits clarity on sanctions waiver against OPEC-member

Brian Hook, the special US envoy for Iran, in March said Washington is pursuing its plan to bring Iranian crude exports to zero.

India wants to keep Iran oil purchases at 300,000 bpd in extended waiver amid US pressure to cut imports to zero
Business

India wants to keep Iran oil purchases at 300,000 bpd in extended waiver amid US pressure to cut imports to zero

Iran was India’s seventh biggest oil supplier in January compared with its position as third biggest a year ago before the reimpostion of sanctions.

Donald Trump calls on OPEC to 'relax,' says prices are too high; oil futures tumbled over 3% after tweet
Business

Donald Trump calls on OPEC to 'relax,' says prices are too high; oil futures tumbled over 3% after tweet

Donald Trump, who has made the US economy one of his top issues, has repeatedly tweeted about oil prices and OPEC

Iran oil imports by major Asian buyers plunge to five-year low in Oct ahead of US sanction
Business

Iran oil imports by major Asian buyers plunge to five-year low in Oct ahead of US sanction

India’s imports of Iranian oil dropped the least, falling just 0.2 percent from the same month last year to 466,400 bpd.

US imposes ‘toughest ever’ sanctions on Iran: White House mum on decision against India, China for buying oil from Tehran
World

US imposes ‘toughest ever’ sanctions on Iran: White House mum on decision against India, China for buying oil from Tehran

The Trump administration said it is confident that "the toughest ever" sanctions against Iran which came into force on Monday will have the intended effect of altering Iranian regime's behaviour.

US agrees to give India, 7 other nations oil waivers under Iran sanctions; analyst say move could be temporary
Business

US agrees to give India, 7 other nations oil waivers under Iran sanctions; analyst say move could be temporary

Iran’s biggest oil customers - all in Asia - have been seeking sanctions waivers to allow them to continue buying some of its oil.

India to seal deal with US that will allow it to continue buying crude oil from Iran without attracting any sanction
Business

India to seal deal with US that will allow it to continue buying crude oil from Iran without attracting any sanction

US sanctions on Iran's oil buyers snap back Monday, forcing importing countries to negotiate with the US for waivers by making cuts in purchases or risk getting blocked from the US financial system.

Oil holds near $80 as Saudi Arabia plans to raise output to 11 million barrels per day from current 10.7 million
Business

Oil holds near $80 as Saudi Arabia plans to raise output to 11 million barrels per day from current 10.7 million

Saudi Energy Minister Khalid al-Falih told Russia’s TASS news agency that his country had no intention of unleashing a 1973-style oil embargo on Western consumers

Dharmendra Pradhan says two Indian companies to buy Iranian oil in November, unsure about waiver from US sanctions
India

Dharmendra Pradhan says two Indian companies to buy Iranian oil in November, unsure about waiver from US sanctions

Oil minister Dharmendra Pradhan said two state refiners have placed orders for importing crude oil from Iran in November, the month when US sanctions on Iranian oil purchases take effect.

Govt set to pay for Iranian oil using rupees from November, could use UCO Bank and IDBI Bank to route payments
Business

Govt set to pay for Iranian oil using rupees from November, could use UCO Bank and IDBI Bank to route payments

Indian refiners are currently using State Bank of India and Germany-based Europaeisch-Iranische Handelsbank AG to buy Iranian oil in euros

Government preparing for cut in oil imports from Iran, asks refiners to scout for alternatives
Business

Government preparing for cut in oil imports from Iran, asks refiners to scout for alternatives

India, the biggest buyer of Iranian oil after China, will be forced to take action to protect its exposure to the US financial system