Oil Imports

EU to phase out Russian supply of crude oil within six months, refined products by end of the year

The European Commission has pledged to 'significantly increase' its support for Ukraine's neighbour Moldova, which has seen a series of attacks in a Moscow-backed separatist region, sparking fears the conflict could spread

US president Joe Biden calls India 'shaky' in Russia confrontation over Ukraine war

Biden lauded the US-led alliance, including NATO, the European Union and key Asian partners, for its united front against President Vladimir Putin

Exports plunge record 60.28% to $10.36 bn in April, pandemic hits imports too; trade deficit narrows to $6.7 bn

The country's exports had contracted by 34.57 percent in March 2020.

US oil futures plumb historic lows below zero, Brent plunges on concerns of collapse in demand, storage facility

Describing the drop in US oil futures as short-term and stemming from a “financial squeeze”, US President Donald Trump on Monday said his administration would consider halting Saudi crude oil imports.

Exports plunge 34.6% in March to $21.4 bn, steepest fall since FY09; imports down 28.7%

India's exports plunged by a record 34.57 per cent in March due to a steep decline in shipments of leather, gems and jewellery and petroleum products, dragging the total exports in 2019-20 down to $314.31 billion, official data showed on Wednesday

Exports contract for fifth straight month, drop 1.8% to $27.4 bn in December; trade deficit narrows

The country's exports contracted for the fifth month in a row by 1.8 percent in December 2019 to $27.36 billion, according to data released by the commerce ministry on Wednesday

Exports contract marginally to $26 bn in November; trade deficit narrows to $12 bn

India's exports contracted marginally by 0.34 percent in November to $25.98 billion, while imports slowed to $38.11 billion, bringing down the trade deficit to $12.12 billion

OPEC's share of Indian oil imports in October hits lowest since 2011; country's crude shipment from US hits record

OPEC oil output dipped to an eight-year low in September after attacks on Saudi oil plants led to production cuts, a Reuters survey showed.

Exports decline 1.1% in October, imports contract 16.3%; trade deficit narrows to $11 bn

The country's exports dipped by 1.11 percent to $26.38 billion in October on account of contraction in sectors like petroleum and leather

Exports dip 6.57% in September, imports contract 13.58%; trade deficit narrows to $10.86 bn

India's exports contracted by 6.57 percent to $26 billion in September mainly due to significant dip in shipments from key sectors such as petroleum, engineering, leather, chemicals, and gems & jewellery