Irans Oil Sector

Domestic stock markets started Thursday's session on a positive note mirroring gains in Asian peers as the US and Iran backed away from the brink of further conflict escalation in the Middle East. The S&P BSE Sensex index climbed up as much as 556.37 points to touch 41,374.11 points on the upside in late morning deals, and the broader NSE Nifty ben...

Domestic stock markets pared most of intraday losses in afternoon deals on Wednesday as oil prices surged after Iran fired missiles at American forces based in Iraq. The S&P BSE Sensex index dropped as much as 378.09 points to hit 40,491.38 on the downside in the first half of the session, and the broader NSE Nifty benchmark declined to as low as 1...

Domestic stock markets started Wednesday's session on a negative note tracking losses in Asian peers as oil prices surged after Iran fired missiles at American forces based in Iraq. The S&P BSE Sensex index dropped as much as 378.09 points to hit 40,491.38 on the downside, and the broader NSE Nifty benchmark declined to as low as 11,929.60, down 12...

India today said it is adequately prepared to deal with the impact of the US decision to end waivers that allowed it to buy Iranian oil without facing sanctions.

US President Donald Trump on Monday defended his decision to give temporary exemptions to eight countries, including India and China, from the ban on Iranian oil imports, saying it was done so to keep global oil prices down and avoid causing a shock to the market.

China denounced new US sanctions targeting Iran's oil and financial sectors as "long-arm jurisdiction" on Monday and vowed to continue its bilateral trade with the Islamic republic.

The United States is reimposing punitive measures targeting the Iranian oil and financial sectors in what US Secretary of State Mike Pompeo called "the toughest sanctions ever placed" against Iran.

Reliance Industries Ltd, owner of the world's biggest refining complex, has halted imports of Iranian crude ahead of US sanctions against Tehran's oil sector, its joint chief financial officer said.

The United States has said it plans to impose new sanctions targeting Iran's oil sector on November 4. Indian refiners imported around 10 million barrels of Iranian oil in October, and its November shipments are expected to be lower.

Chennai Petroleum will stop processing Iranian crude oil from October to keep its insurance coverage once new sanctions by the United States against Iran go into effect, three sources familiar with the issue said.

Indian stock markets started Wednesday's session on a weak note. Losses for domestic stock markets came a day after the US government pulled out of an international nuclear deal with Iran, raising the spectre of re-imposition of sanctions and sparking worries about global oil supplies. The BSE Sensex shed as much as 82 points to hit 35,134 in early...

The crown prince inherited a sclerotic state with limited administrative capacity and an economy that is largely reliant on declining oil revenues. The country is burdened by a venal elite comprised of thousands of royals and hangers-on who operate with impunity and are a huge drain on the economy. It is saddled with a bloated public sector which e...

Four Indian refiners had outstandings of $6.11 billion in May, 2016 when formal banking channels were opened with Iran after nearly four years. They came down to $2.55 billion as on November 15 after public sector refiners paid most of their dues to Iran, the oil minister said.

Keen to step up engagement in hydrocarbon sector with Iran, India has conveyed to the Persian Gulf nation that it was ready to clear nearly $6.5 billion of the dues for oil import from that country at the earliest, provided there was clarity on payment channel.

External Affairs Minister Sushma Swaraj arrived in Iran today on a two-day visit to boost ties with a focus on raising India's oil imports and enhancing trade with the powerful Persian Gulf nation which has opened several lucrative sectors after sanctions against it were lifted under a historic nuclear deal.

Domestic stock markets started Thursday's session on a positive note mirroring gains in Asian peers as the US and Iran backed away from the brink of further conflict escalation in the Middle East. The S&P BSE Sensex index climbed up as much as 556.37 points to touch 41,374.11 points on the upside in late morning deals, and the broader NSE Nifty ben...

Domestic stock markets pared most of intraday losses in afternoon deals on Wednesday as oil prices surged after Iran fired missiles at American forces based in Iraq. The S&P BSE Sensex index dropped as much as 378.09 points to hit 40,491.38 on the downside in the first half of the session, and the broader NSE Nifty benchmark declined to as low as 1...

Domestic stock markets started Wednesday's session on a negative note tracking losses in Asian peers as oil prices surged after Iran fired missiles at American forces based in Iraq. The S&P BSE Sensex index dropped as much as 378.09 points to hit 40,491.38 on the downside, and the broader NSE Nifty benchmark declined to as low as 11,929.60, down 12...

India today said it is adequately prepared to deal with the impact of the US decision to end waivers that allowed it to buy Iranian oil without facing sanctions.

US President Donald Trump on Monday defended his decision to give temporary exemptions to eight countries, including India and China, from the ban on Iranian oil imports, saying it was done so to keep global oil prices down and avoid causing a shock to the market.

China denounced new US sanctions targeting Iran's oil and financial sectors as "long-arm jurisdiction" on Monday and vowed to continue its bilateral trade with the Islamic republic.

The United States is reimposing punitive measures targeting the Iranian oil and financial sectors in what US Secretary of State Mike Pompeo called "the toughest sanctions ever placed" against Iran.

Reliance Industries Ltd, owner of the world's biggest refining complex, has halted imports of Iranian crude ahead of US sanctions against Tehran's oil sector, its joint chief financial officer said.

The United States has said it plans to impose new sanctions targeting Iran's oil sector on November 4. Indian refiners imported around 10 million barrels of Iranian oil in October, and its November shipments are expected to be lower.

Chennai Petroleum will stop processing Iranian crude oil from October to keep its insurance coverage once new sanctions by the United States against Iran go into effect, three sources familiar with the issue said.

Indian stock markets started Wednesday's session on a weak note. Losses for domestic stock markets came a day after the US government pulled out of an international nuclear deal with Iran, raising the spectre of re-imposition of sanctions and sparking worries about global oil supplies. The BSE Sensex shed as much as 82 points to hit 35,134 in early...

The crown prince inherited a sclerotic state with limited administrative capacity and an economy that is largely reliant on declining oil revenues. The country is burdened by a venal elite comprised of thousands of royals and hangers-on who operate with impunity and are a huge drain on the economy. It is saddled with a bloated public sector which e...

Four Indian refiners had outstandings of $6.11 billion in May, 2016 when formal banking channels were opened with Iran after nearly four years. They came down to $2.55 billion as on November 15 after public sector refiners paid most of their dues to Iran, the oil minister said.

Keen to step up engagement in hydrocarbon sector with Iran, India has conveyed to the Persian Gulf nation that it was ready to clear nearly $6.5 billion of the dues for oil import from that country at the earliest, provided there was clarity on payment channel.

External Affairs Minister Sushma Swaraj arrived in Iran today on a two-day visit to boost ties with a focus on raising India's oil imports and enhancing trade with the powerful Persian Gulf nation which has opened several lucrative sectors after sanctions against it were lifted under a historic nuclear deal.