Latest News on Oil Imports
Showing of 0 - 10 from 59 results
Oil Imports - Total results - 59
Dec 14, 2018
Exports remain flat at $26.5 bn in November; trade deficit widens to $16.6 bn: Commerce ministryThe deficit widened despite a steep decline of 15.6 percent in gold imports at $2.75 billion during the month under review.
Nov 30, 2018
Iran oil imports by major Asian buyers plunge to five-year low in Oct ahead of US sanctionIndia’s imports of Iranian oil dropped the least, falling just 0.2 percent from the same month last year to 466,400 bpd.
Nov 15, 2018
Exports up 17.86% in October at $26.98 bn, trade deficit widens to $17.13 bn: Commerce ministry dataDuring the April-October period of the current fiscal, exports grew by 13.27 percent to $191 billion.
Nov 03, 2018
Donald Trump says US open to new deal with Iran, but 'toughest ever' sanctions will continue until then"The United States remains open to reaching a new, more comprehensive deal with Iran that forever blocks its path to a nuclear weapon, addresses the entire range of its malign actions, and is worthy of the Iranian people," Trump said in a presidential statement late Friday night.
Oct 11, 2018
Donald Trump says US will 'take care' of countries that continue to buy oil from Iran after sanctions come into forceDonald Trump had pulled the US out of the 2015 nuclear accord, saying it had "failed to achieve the fundamental objective of blocking all paths to an Iranian nuclear bomb"
Oct 04, 2018
Country facing 'economic crisis' due to crude imports, says Nitin Gadkari; blames OPEC countries for oil price hikeIndia is the third largest importer of crude oil and rising international oil prices are inflating domestic transport fuel costs in a strong demand environment.
Sep 27, 2018
India should reduce or stop crude oil import from Iran, increase dependence on Saudi Arabia, Iraq: Moody'sIndian refiners will either have to significantly reduce or completely stop importing crude oil from Iran over the next month, increasing their dependence on other West Asian suppliers like Saudi Arabia and Iraq, Moody's Investors Service said.
Sep 26, 2018
India considers reducing crude oil imports, relying on stockpile after traders forecast prices to rise to $100 a barrelThe soaring crude oil prices are occurring at the same time emerging market currencies, such as India's rupee, are under pressure. That combination means Indian crude imports are 47 percent more expensive this year in rupee terms.
Sep 19, 2018
Govt to soon announce import curb on several non-essential items, says economic affairs secretary Subhash Chandra GargLast week, Finance Minister Arun Jaitley announced the government's decision to relax norms for raising overseas borrowing and impose restrictions on the non-essential imports as part of efforts to check rising current account deficit (CAD) and a falling rupee.
Sep 14, 2018
Need to propel biofuel production to curb crude oil imports, says union road minister Nitin GadkariUnion Minister Nitin Gadkari on Friday said tribals were being encouraged to accumulate non-edibile seeds for producing biofuel as the government looks to reduce dependence on crude oil imports.