On March 15, 2017 20:57 (IST)
India imported 18,000 tonnes of petrol and 39,000 tonnes of diesel in the first nine months of the current fiscal year, Oil Minister Dharmendra Pradhan said in a written reply to a question in the Rajya Sabha.
On February 16, 2017 08:39 (IST)
The awarded blocks will boost India's oil output by as much as 15,000 barrels of oil per day, according to the oil regulator.
On January 13, 2017 21:48 (IST)
Oil imports were valued at $7.645 billion during December 2016 which was 14.61 per cent higher than oil imports valued at $6.670 billion in December 2015, trade data released by Commerce and Industry Ministry showed.
On December 21, 2016 14:32 (IST)
Overall, India imported an average 4.28 million bpd of crude in the January-November period of 2016, up 7.6 percent from 3.98 million bpd a year ago.
On December 15, 2016 18:41 (IST)
Oil imports in November grew by 5.89 per cent to $6.83 billion. Non-oil imports rose by 11.7 per cent to $26.18 billion.
On December 14, 2016 08:32 (IST)
Markets were also focused on an anticipated interest rate hike by the Federal Reserve, likely supporting the dollar and making dollar-traded fuel imports more expensive for countries using other currencies at home.
On October 19, 2016 22:52 (IST)
US Energy Information Administration data cited lower crude imports as a factor for the inventory drop. US crude imports slid by 912,000 barrels per day last week to 6.47 million bpd - the lowest since November 2015.
On October 17, 2016 14:22 (IST)
With the Essar deal, Rosneft is targeting a market of 1.3 billion people that imports more than 80 percent of its crude requirements.
On October 12, 2016 18:57 (IST)
The country will fill half of the storage with 6 million barrels of Iranian oil while continuing talks with United Arab Emirates and Saudi Arabia for the remainder.
On October 12, 2016 18:33 (IST)
Global benchmark oil futures have risen more than 10% since the end of September on prospects major crude producers would freeze or cut production to stem an oversupply in the market.
On September 20, 2016 19:42 (IST)
India's crude oil imports touched 7-year high in August as oil companies stepped up purchases to meet galloping domestic fuel demand.
On September 16, 2016 18:07 (IST)
Oil prices fell to roughly two-week lows on Friday as news of rising Iranian exports and returning supplies from Libya and Nigeria fuelled concerns that the global glut will persist.
On September 16, 2016 16:19 (IST)
The country's daily oil imports from Iran in August surged to their highest in at least 15 years as the Organization of Petroleum Exporting Countries (OPEC) producer boosted its shipments to recoup market share ceded to rivals Saudi Arabia and Iraq under pressure from economic sanctions.
On September 08, 2016 21:32 (IST)
Oil prices soared more than four per cent on Thursday after US inventory data showed a surprisingly large drawdown in crude stocks, driven by fewer imports into the US Gulf Coast due to Tropical Storm Hermine last week.
On September 04, 2016 12:04 (IST)
A widening gap between Asia's oil production and demand is creating a growing capital drain for the region and leaving countries vulnerable to global supply disruptions and a sudden surge in oil prices.
On August 17, 2016 10:52 (IST)
The share of palm oil in India's growing edible oil imports is likely to plunge to a record low this marketing year as a rally in prices slashes its discount over rival soyoil.
On August 03, 2016 17:27 (IST)
India's biggest refiner Indian Oil Corp will continue to import gasoline until at least December due to a heavy maintenance line-up and the slow start-up of a key unit at a new refinery, sources with direct knowledge of the matter said.
On August 03, 2016 16:41 (IST)
India's July oil imports from Iran rose by over a fifth from June, surging to their highest level in five months as two state-run refiners resumed shipments from Tehran after a gap of years, preliminary tanker arrival data obtained by Reuters show.