India Oil Imports

India's crude oil imports from Russia rose by 11.7% to about 1.9 million barrels per day (bpd) in September, accounting for about two-fifths of the South Asian nation's overall crude imports in the month.

Oil Minister Hardeep Singh Puri has called for stepping up oil and gas hunt to cut India's reliance on imports and making available fuel at an affordable and sustainable way.

India's net oil import bill could widen to USD 101-104 billion in current fiscal from USD 96.1 billion in 2023-24 and any escalation in the Iran-Israel conflict could impart an upward pressure on the value of imports, ICRA said today.

The Russian Foreign Ministry has said that deliveries of Russian oil to India are steadily high, with no payment issues encountered, the state-owned news agency TASS reported.

More than 250,000 barrels per day of US crude is set to arrive in India next month, the highest in more than a year, ship tracking data showed, amid tighter enforcement of sanctions on Russian crude.

India's crude oil imports from its top supplier Russia fell for a second straight month in January to their lowest in a year as tighter Western sanctions hit supply of light sweet Sokol grade, preliminary ship tracking data showed.

India's crude oil imports rose in December on firm demand, data from Petroleum Planning and Analysis Cell (PPAC) showed on Monday.

Supply cuts by OPEC , costly shipments from some traditional Middle East suppliers and geopolitical tension is driving India, the world's third biggest oil importer, to diversify its crude sources and accelerate its energy transition

India's oil imports from Russia fell due to unattractive pricing and not because of payment problems, Oil Minister Hardeep Singh Puri said on Wednesday.

India saved roughly $2.7 billion by importing discounted Russian oil in the first nine months of this year, according to calculations based on government data.

Indian refiners can process Venezuelan oil and the nation may buy it provided that it is available cheaply, Oil Minister Hardeep Singh Puri said on Wednesday, days after the US temporarily lifted sanctions on OPEC member Venezuela's oil sector.

The share of Russian oil in India's overall imports rose to about two-fifths in the first half of fiscal 2023/24, consolidating Moscow's position as the top supplier as refiners curbed purchase from the Middle East, industry data showed.

India, the world's third-biggest oil importer, is watching the ongoing Middle Eastin the Middle East closely, the country's oil minister Hardeep Singh Puri said on Monday.

Union Minister Nitin Gadkari, in an exclusive interview with NDTV, spoke about the importance of biofuels in reducing world pollution and making India a carbon-neutral nation.

India's imports from Russia doubled to USD 20.45 billion during the April-July period of this fiscal due to increasing inbound shipments of crude oil and fertiliser from that country, according to the commerce ministry data.

India's crude oil imports from Russia rose by 11.7% to about 1.9 million barrels per day (bpd) in September, accounting for about two-fifths of the South Asian nation's overall crude imports in the month.

Oil Minister Hardeep Singh Puri has called for stepping up oil and gas hunt to cut India's reliance on imports and making available fuel at an affordable and sustainable way.

India's net oil import bill could widen to USD 101-104 billion in current fiscal from USD 96.1 billion in 2023-24 and any escalation in the Iran-Israel conflict could impart an upward pressure on the value of imports, ICRA said today.

The Russian Foreign Ministry has said that deliveries of Russian oil to India are steadily high, with no payment issues encountered, the state-owned news agency TASS reported.

More than 250,000 barrels per day of US crude is set to arrive in India next month, the highest in more than a year, ship tracking data showed, amid tighter enforcement of sanctions on Russian crude.

India's crude oil imports from its top supplier Russia fell for a second straight month in January to their lowest in a year as tighter Western sanctions hit supply of light sweet Sokol grade, preliminary ship tracking data showed.

India's crude oil imports rose in December on firm demand, data from Petroleum Planning and Analysis Cell (PPAC) showed on Monday.

Supply cuts by OPEC , costly shipments from some traditional Middle East suppliers and geopolitical tension is driving India, the world's third biggest oil importer, to diversify its crude sources and accelerate its energy transition

India's oil imports from Russia fell due to unattractive pricing and not because of payment problems, Oil Minister Hardeep Singh Puri said on Wednesday.

India saved roughly $2.7 billion by importing discounted Russian oil in the first nine months of this year, according to calculations based on government data.

Indian refiners can process Venezuelan oil and the nation may buy it provided that it is available cheaply, Oil Minister Hardeep Singh Puri said on Wednesday, days after the US temporarily lifted sanctions on OPEC member Venezuela's oil sector.

The share of Russian oil in India's overall imports rose to about two-fifths in the first half of fiscal 2023/24, consolidating Moscow's position as the top supplier as refiners curbed purchase from the Middle East, industry data showed.

India, the world's third-biggest oil importer, is watching the ongoing Middle Eastin the Middle East closely, the country's oil minister Hardeep Singh Puri said on Monday.

Union Minister Nitin Gadkari, in an exclusive interview with NDTV, spoke about the importance of biofuels in reducing world pollution and making India a carbon-neutral nation.

India's imports from Russia doubled to USD 20.45 billion during the April-July period of this fiscal due to increasing inbound shipments of crude oil and fertiliser from that country, according to the commerce ministry data.