Oil Consuming Countries
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As Oil Prices Rise Amid Israel-Gaza War, India Says "Watching Closely"
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.
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Gulf Nations Will Remain India's Major Oil Suppliers For "A Long Time": Minister
India, the world's third-biggest oil importer and consumer, has diversified its sources of energy imports but will continue to buy most of its oil from the Middle East for a long time, the South Asian country's oil minister said on Wednesday.
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"For A Long Time...": Minister On Continuation Of Oil Import From Gulf
India, the world's thirdbiggest oil importer and consumer, has diversified its sources of energy imports but will continue to buy most of its oil from the Middle East for
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Top Palm Oil Buyer Expects 23% Jump In Imports
India's palm oil imports in 2022/23 could jump 23% from a year earlier to 9.5 million tonnes, the highest in eight years, as a rebound in consumption and competitive prices prompts refiners to increase purchases, the country's top palm oil buyer said.
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Having "Intensive Engagement" With Nations On Russian Oil Price Cap: US
The US has said it is having "intensive engagement" with key oil consuming countries, including India, on the specifics of how a price cap on Russian oil imports would work, but issue was not discussed at level of President Joe Biden and PM Modi.
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India's May Diesel Sales Slide: Report
Daily gasoil sales of Indian state refiners declined in May from April as lower consumer spending curtailed truck movement in the country
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Biden Sidelined Global Energy Partners With Record Emergency Oil Release: Sources
The group's members have become worried that U.S. President Joe Biden is using the Strategic Petroleum Reserve (SPR) to tamp down rampant domestic inflation for political reasons, instead of protecting consumer countries from a global supply disruption, according to the sources who declined to be identified because of the sensitivity of the topic.
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Spread Of COVID-19 Delta Variant Knocks Oil Demand Outlook: Report
"Growth for the second half of 2021 has been downgraded more sharply, as new COVID-19 restrictions imposed in several major oil consuming countries, particularly in Asia, look set to reduce mobility and oil use," the Paris-based IEA said.
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India Starts Selling Oil From Strategic Reserves After Policy Shift
India, the world's third-biggest oil importer and consumer that imports over 80% of its oil needs, is mirroring a model adopted by countries such as Japan and South Korea in its commercialisation of its Strategic Petroleum Reserves (SPRs).
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Finance Ministry Considers Cutting Taxes On Petrol, Diesel: Report
The Finance Ministry is considering cutting excise duties on petrol and diesel to cushion the impact of record high domestic prices, three government officials close to the discussions said. A doubling in the price of crude oil over the past 10 months has contributed to record fuel prices at fuel stations. But taxes and duties account for roughly 6...
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Amid High Fuel Prices, Oil Minister Urges OPEC To Ease Production Cuts
"The price-sensitive Indian consumers are affected by rising petroleum product prices," Oil Minister Dharmendra Pradhan said ahead of a policy-setting meeting of the OPEC
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Indian Oil Sees Petrol, Gasoil Sales At Pre-Pandemic Levels In First Half Of FY21
Indian Oil Corp, the country's top refiner, expects local demand for petrol and gasoil to reach pre-pandemic levels in the first half of next fiscal year beginning April 2021, Chairman SM Vaidya said on Monday. India, the world's third-biggest oil importer and consumer, has experienced a sharp decline in its fuel demand, mirroring a global trend fo...
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Total's Indian Joint-Venture To Seek Fuel Retailing License
A joint-venture by India's Adani Gas and France's Total will soon seek government permission to open retail fuel stations in India, Adani's chief executive said on Wednesday. India has become a lucrative market for global oil majors after the government removed controls on the retail pricing of gasoline and gasoil and relaxed rules for setting up f...
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India June Oil Imports Lowest In Nearly Nine Years
India's oil imports fell in June, hitting their lowest since October 2011, as refiners curbed purchases due to maintenance turnarounds and weaker fuel demand, data from industry sources showed. India, the world's third biggest oil consumer and importer, received 3.2 million barrels per day (bpd) oil in June, a decline of 0.4% from May and about 28....
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India’s Petrol, Diesel Demand Falls Due To High Prices, Lockdown
Indian state refiners' petrol and diesel sales declined in the first half of July from the same period last month, according to preliminary data, as a renewed lockdown in parts of the country and rising retail prices hit demand. India on Friday became the third country in the world to record more than one million cases of the new coronavirus, behin...
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As Oil Prices Rise Amid Israel-Gaza War, India Says "Watching Closely"
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.
-
Gulf Nations Will Remain India's Major Oil Suppliers For "A Long Time": Minister
India, the world's third-biggest oil importer and consumer, has diversified its sources of energy imports but will continue to buy most of its oil from the Middle East for a long time, the South Asian country's oil minister said on Wednesday.
-
"For A Long Time...": Minister On Continuation Of Oil Import From Gulf
India, the world's thirdbiggest oil importer and consumer, has diversified its sources of energy imports but will continue to buy most of its oil from the Middle East for
-
Top Palm Oil Buyer Expects 23% Jump In Imports
India's palm oil imports in 2022/23 could jump 23% from a year earlier to 9.5 million tonnes, the highest in eight years, as a rebound in consumption and competitive prices prompts refiners to increase purchases, the country's top palm oil buyer said.
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Having "Intensive Engagement" With Nations On Russian Oil Price Cap: US
The US has said it is having "intensive engagement" with key oil consuming countries, including India, on the specifics of how a price cap on Russian oil imports would work, but issue was not discussed at level of President Joe Biden and PM Modi.
-
India's May Diesel Sales Slide: Report
Daily gasoil sales of Indian state refiners declined in May from April as lower consumer spending curtailed truck movement in the country
-
Biden Sidelined Global Energy Partners With Record Emergency Oil Release: Sources
The group's members have become worried that U.S. President Joe Biden is using the Strategic Petroleum Reserve (SPR) to tamp down rampant domestic inflation for political reasons, instead of protecting consumer countries from a global supply disruption, according to the sources who declined to be identified because of the sensitivity of the topic.
-
Spread Of COVID-19 Delta Variant Knocks Oil Demand Outlook: Report
"Growth for the second half of 2021 has been downgraded more sharply, as new COVID-19 restrictions imposed in several major oil consuming countries, particularly in Asia, look set to reduce mobility and oil use," the Paris-based IEA said.
-
India Starts Selling Oil From Strategic Reserves After Policy Shift
India, the world's third-biggest oil importer and consumer that imports over 80% of its oil needs, is mirroring a model adopted by countries such as Japan and South Korea in its commercialisation of its Strategic Petroleum Reserves (SPRs).
-
Finance Ministry Considers Cutting Taxes On Petrol, Diesel: Report
The Finance Ministry is considering cutting excise duties on petrol and diesel to cushion the impact of record high domestic prices, three government officials close to the discussions said. A doubling in the price of crude oil over the past 10 months has contributed to record fuel prices at fuel stations. But taxes and duties account for roughly 6...
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Amid High Fuel Prices, Oil Minister Urges OPEC To Ease Production Cuts
"The price-sensitive Indian consumers are affected by rising petroleum product prices," Oil Minister Dharmendra Pradhan said ahead of a policy-setting meeting of the OPEC
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Indian Oil Sees Petrol, Gasoil Sales At Pre-Pandemic Levels In First Half Of FY21
Indian Oil Corp, the country's top refiner, expects local demand for petrol and gasoil to reach pre-pandemic levels in the first half of next fiscal year beginning April 2021, Chairman SM Vaidya said on Monday. India, the world's third-biggest oil importer and consumer, has experienced a sharp decline in its fuel demand, mirroring a global trend fo...
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Total's Indian Joint-Venture To Seek Fuel Retailing License
A joint-venture by India's Adani Gas and France's Total will soon seek government permission to open retail fuel stations in India, Adani's chief executive said on Wednesday. India has become a lucrative market for global oil majors after the government removed controls on the retail pricing of gasoline and gasoil and relaxed rules for setting up f...
-
India June Oil Imports Lowest In Nearly Nine Years
India's oil imports fell in June, hitting their lowest since October 2011, as refiners curbed purchases due to maintenance turnarounds and weaker fuel demand, data from industry sources showed. India, the world's third biggest oil consumer and importer, received 3.2 million barrels per day (bpd) oil in June, a decline of 0.4% from May and about 28....
-
India’s Petrol, Diesel Demand Falls Due To High Prices, Lockdown
Indian state refiners' petrol and diesel sales declined in the first half of July from the same period last month, according to preliminary data, as a renewed lockdown in parts of the country and rising retail prices hit demand. India on Friday became the third country in the world to record more than one million cases of the new coronavirus, behin...
