Recent Highlights
All Stories for Oil Imports
EU to phase out Russian supply of crude oil within six months, refined products by end of the year
• 3 years agoThe 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
• 3 years agoBiden 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
• 5 years agoThe 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
• 5 years agoDescribing 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%
• 5 years agoIndia'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
• 5 years agoThe 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
• 5 years agoIndia'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
• 5 years agoOPEC 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
• 5 years agoThe 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
• 6 years agoIndia'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