Crude Oil

India importing crude from 40 countries; Argentina is new supplier: Hardeep PuriIndia importing crude from 40 countries; Argentina is new supplier: Hardeep Puri

India importing crude from 40 countries; Argentina is new supplier: Hardeep Puri

Petroleum minister Hardeep Puri on Monday said that India is open to importing crude oil from all possible sources to…

1 month ago
China announces retaliatory tariffs on US, to impose 15 pc tariff on coal, LNG; 10 pc on crude oilChina announces retaliatory tariffs on US, to impose 15 pc tariff on coal, LNG; 10 pc on crude oil

China announces retaliatory tariffs on US, to impose 15 pc tariff on coal, LNG; 10 pc on crude oil

After the US government announced a 10 per cent tariff on all Chinese goods exported to America, China on Tuesday…

1 month ago
India moving towards gas-based economy from import dependent crude based economy: Hardeep PuriIndia moving towards gas-based economy from import dependent crude based economy: Hardeep Puri

India moving towards gas-based economy from import dependent crude based economy: Hardeep Puri

Union Minister Hardeep Singh Puri on Monday highlighted that India is moving towards a gas-based economy from the imported crude…

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

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,…

5 months ago
Core industries grows by 6.3 pc in May, Power, coal, steel, natural gas and refinery showed positive growthCore industries grows by 6.3 pc in May, Power, coal, steel, natural gas and refinery showed positive growth

Core industries grows by 6.3 pc in May, Power, coal, steel, natural gas and refinery showed positive growth

The combined Index of Eight Core Industries (ICI) increased by 6.3 per cent in May, 2024 as compared to last…

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

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…

11 months ago
Our policy of ‘nation first’ helped manage oil prices despite global conflicts: Hardeep PuriOur policy of ‘nation first’ helped manage oil prices despite global conflicts: Hardeep Puri

Our policy of ‘nation first’ helped manage oil prices despite global conflicts: Hardeep Puri

Stating that India's policy was 'Nation First' and the consumer was 'paramount', Union Minister Hardeep Singh Puri said that the…

1 year ago
Is BRICS set to change world energy order after top oil producers queue up to join grouping?Is BRICS set to change world energy order after top oil producers queue up to join grouping?

Is BRICS set to change world energy order after top oil producers queue up to join grouping?

Among the several countries that have expressed keenness to join the BRICS (Brazil-Russia-India-China-South Africa) bloc, the applications by Saudi Arabia,…

2 years ago
After Indian oil imports from Russia touch all-time high, Iran too queues up for Indian marketAfter Indian oil imports from Russia touch all-time high, Iran too queues up for Indian market

After Indian oil imports from Russia touch all-time high, Iran too queues up for Indian market

Notwithstanding the teething problems in the rupee-ruble payments mechanism, India’s oil imports from Russia further increased in June with a…

2 years ago
India’s energy supplies from Russia to remain intact despite Moscow’s cut in productionIndia’s energy supplies from Russia to remain intact despite Moscow’s cut in production

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…

2 years ago
India displaces China to be largest purchaser of Russian seaborne oilIndia displaces China to be largest purchaser of Russian seaborne oil

India displaces China to be largest purchaser of Russian seaborne oil

As more than 90 per cent of Russian oil is flowing into Asia since the beginning of the Ukraine war…

2 years ago
Russia announces further reduction of energy exports to Europe, causing worries for EU nationsRussia announces further reduction of energy exports to Europe, causing worries for EU nations

Russia announces further reduction of energy exports to Europe, causing worries for EU nations

The European Union, hit by surging prices, is likely to push back against further expansion of sanctions against Russia, though…

2 years ago
India’s steel imports from Russia rise five fold in the last one yearIndia’s steel imports from Russia rise five fold in the last one year

India’s steel imports from Russia rise five fold in the last one year

India's imports of steel from Russia have risen to an eight-year high during April to January period of the current…

2 years ago
Russian oil contributing to India’s energy securityRussian oil contributing to India’s energy security

Russian oil contributing to India’s energy security

The government of India is taking all the steps, to ensure the security of crude supplies and mitigate the risk…

2 years ago
Indian Oil, Hindustan Petroleum strike deals to buy Russian oil at discounted pricesIndian Oil, Hindustan Petroleum strike deals to buy Russian oil at discounted prices

Indian Oil, Hindustan Petroleum strike deals to buy Russian oil at discounted prices

<p> India's public sector oil companies have bought 5 million tonnes of Russian crude oil at deeply discounted prices in…

3 years ago

‘No Sanctions But Think About Where You Stand’ Says US On India Buying Discounted Russian Oil

<p> <iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/WrLq4NS7ezM" title="YouTube video player" width="560"></iframe></p> <p> US says India…

3 years ago