Oil Imports

Showing of 1 - 20 from 83 results
Oil Imports - Total results - 83
US oil futures plumb historic lows below zero, Brent plunges on concerns of collapse in demand, storage facility
Business

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%
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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

Oil imports from US jump 72% in first five months of current fiscal, Iraq top supplier
Business

Oil imports from US jump 72% in first five months of current fiscal, Iraq top supplier

India's crude oil imports from the US have jumped by over 72 percent in the first five months of the current fiscal as the country looks to diversify oil purchases beyond its traditional suppliers in the Middle East, official data showed

Petrol, diesel price see steepest hike since Budget, govt says concerned after Saudi attack
Business

Petrol, diesel price see steepest hike since Budget, govt says concerned after Saudi attack

Petrol and diesel prices on Tuesday saw the biggest hike since July 5 Budget as India voiced concern over spike in global oil prices following attacks on Saudi Arabian crude oil facilities

Still charging: India's EV market is far from thriving despite policies encouraging e-mobility
science

Still charging: India's EV market is far from thriving despite policies encouraging e-mobility

Electric vehicles can be a sustainable solution for reducing air pollution in Indian cities and bring down India’s oil import bill.

Exports rise 2.25% to $26.3 bn in July, imports down 10.4%; trade deficit narrows to $13.4 bn
Business

Exports rise 2.25% to $26.3 bn in July, imports down 10.4%; trade deficit narrows to $13.4 bn

India's exports grew by 2.25 percent to $26.33 billion in July, government data showed on Wednesday

Maruti bats for CNG, hybrid cars to reduce oil imports, air pollution; production target raised to around 50%
Business

Maruti bats for CNG, hybrid cars to reduce oil imports, air pollution; production target raised to around 50%

Hybrid vehicles can run without charging infrastructure and so can prepone oil import reduction,

No plan to completely ban petrol, diesel vehicles, says Oil Minister Dharmendra Pradhan
Business

No plan to completely ban petrol, diesel vehicles, says Oil Minister Dharmendra Pradhan

The government has no plans to ban petrol and diesel vehicles in the near future but will continue to push for greater use of electric vehicles with a view to cut oil imports and save the environment, Oil Minister Dharmendra Pradhan said on Tuesday

Exports decline 9.71% after a gap of 8 months to $25.01 bn in June; imports also down 9% to $40.29 bn
Business

Exports decline 9.71% after a gap of 8 months to $25.01 bn in June; imports also down 9% to $40.29 bn

India's exports have entered negative zone after a gap of eight months recording a decline of 9.71 percent to $25.01 billion in June, according to the government data

Iran hopeful India will 'act according to its national interest’, says Ambassador Ali Chegeni amid threats of US sanctions
World

Iran hopeful India will 'act according to its national interest’, says Ambassador Ali Chegeni amid threats of US sanctions

Iran's Ambassador to India, Ali Chegeni also asserted that his country can provide 'affordability, accessability and security' of energy to India. The US had told India and other countries to cut oil imports from the Gulf nation to 'zero' by 4 November or face sanctions. 'India is a friend forever. We understand that India will act according to its national interest', said Chegeni.

Mike Pompeo's visit to India: US Secretary of State terms Iran biggest terror sponsor, says threat needs to be deterred
India

Mike Pompeo's visit to India: US Secretary of State terms Iran biggest terror sponsor, says threat needs to be deterred

India is keen on de-escalation of tensions between Iran and the US and has said earlier that it will take a decision on import of oil from Iran based on its energy security and commercial considerations.

US rules out sanction exemptions to countries from Iranian oil import, says it remains 'unwavering' in policy on Tehran
World

US rules out sanction exemptions to countries from Iranian oil import, says it remains 'unwavering' in policy on Tehran

The US on Tuesday reiterated its position at a news conference in Washington after media reports from New Delhi, quoting unnamed government officials, said that India was looking at ways to resume oil imports from Iran despite the US sanctions.

Indian Oil Corp ties up oil from US, Saudi Arabia to make up for Iran shortfall
Business

Indian Oil Corp ties up oil from US, Saudi Arabia to make up for Iran shortfall

Indian Oil Corp (IOC), the nation's biggest oil firm, has tied up imports from the US and taken additional volumes from Saudi Arabia to make up for the bulk of the volumes lost because of sanctions prohibiting buying oil from Iran, top officials said on Friday

Exports growth slides to 4-month low in April; trade deficit at 5-month high of $15.33 bn
Business

Exports growth slides to 4-month low in April; trade deficit at 5-month high of $15.33 bn

India's export growth slid to a four-month low of 0.64 percent in April as shipments of engineering goods, gems and jewellery, leather and other products declined, widening the trade deficit to a five-month high, official data released on Wednesday showed