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.
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
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
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.
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
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
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 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
Electric vehicles can be a sustainable solution for reducing air pollution in Indian cities and bring down India’s oil import bill.
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%
Hybrid vehicles can run without charging infrastructure and so can prepone oil import reduction,
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
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
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 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
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 (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
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