Crude oil imports

India’s crude imports will not be impacted by Israel-Iran conflict: Experts

The ongoing conflict between Israel and Iran is not expected to have a significant impact on India's crude oil imports,…

2 months ago

RBI sees price of India’s crude oil imports at $85 a barrel in 2024-25

The RBI expects the price of the Indian basket of crude oil imports to be around $85 per barrel going…

8 months ago

With food security on the radar, India, Iran look at expanding agri-partnership

As India and Iran reboot their ties, issues related to food security and cooperation in the agriculture sector are set…

1 year ago

India’s energy supplies from Russia to remain intact despite Moscow’s cut in production

India’s crude supplies from Russia are expected to remain intact or even rise despite Moscow’s decision to cut down on…

1 year ago

India-Russia energy partnership is here to stay, likely to outlast Ukraine war

As India’s fuel demand is expected to rise substantially fuelled by a healthy pickup in economic activities, New Delhi is…

2 years ago

India becomes Russia’s key oil export market as fallout of Ukraine war

As the year 2022 came to a close, India became the main outlet for Russian seaborne Urals. According to Hellenic…

2 years ago

Moscow hails India’s stand on oil price cap

Moscow has welcomed India’s decision not to stick to the G7's decision of imposing a price cap on Russian oil.…

2 years ago

West eyes India as it looks to push exports to Russia

The world, including India's partners in the Indo-Pacific QUAD, including the United States, Japan and Australia are closely monitoring New…

2 years ago

India-Russia bilateral trade zooms–set to cross $30 bn by next year

Bilateral trade between India and Russia is all set to exceed $30 billion in the next one year-- much before…

2 years ago

Oil prices in global markets start declining, easing pressure on India’s soaring oil import bill

<p> Global oil prices have been easing for the last few weeks though on Monday they rose marginally. This will…

2 years ago

After drop in petrol and diesel prices, will GST and direct tax collections be enough to make up for the loss to the exchequer?

<p> <strong>The Centre, which finally drastically slashed domestic fuel prices, is hoping to make up a part of the losses…

3 years ago

Surge in crude oil prices due to Ukraine war hits global economy

<p> <strong>The rupee on Monday hit a record low of over 77 to a US dollar amid rising geopolitical tension…

3 years ago

Oil prices could cross $100 a barrel if Iran nuclear deal is not reached

<p> <strong>Amid rising geopolitical tensions that have pushed up global oil prices, all eyes are now on Iran. Though in…

3 years ago

Explainer: Why are global oil prices going up? What does this mean for India?

<p> <strong>What is the current global oil price?</strong></p> <p> The global oil prices are high at this point. Two days…

3 years ago

Unrest in Kazakhstan threatens oil and nuclear fuel supplies

<p> <strong>The deepening of the ongoing political turmoil in Kazakhstan has left several countries including China worried. The unrest has…

3 years ago

Forex crisis may lead to closure of Sri Lanka’s only oil refinery unless India steps in

<p> Sri Lanka is once again looking at closing down the Sapugaskanda Oil Refinery as paucity of foreign exchange has…

3 years ago

Global crude oil prices drop amid fear of new Covid 19 variant

<p> <strong>Global crude oil price fell below the $80 a barrel amid fear spooking investors of a new Covid 19…

3 years ago

India, US, Japan, China and UK to release crude oil from strategic reserves in bid to cool prices

<p> India has decided to release 5 million barrels of crude oil from its strategic petroleum reserves simultaneously with the…

3 years ago

Oil prices in global market soar to 3-year high of $85.75 a barrel, spell trouble for India

<p> Oil prices in the international market soared to a three-year high of $85.75 a barrel on Monday spelling trouble…

3 years ago

Iran throws Taliban a lifeline by resuming oil supply to Afghanistan

<p> In a major development that will provide the Taliban some relief, Iran has resumed supply of gasoline and gasoil…

3 years ago

Will the Afghanistan situation have a bearing on global oil prices?

<p> Will the political turmoil in strategically-located Afghanistan impact global crude oil prices? No one has the answer yet.</p> <p>…

3 years ago