Sun, Apr 09, 2023
India's imports of crude oil from Russia touched a new high of 1.64 million barrels per day in March and is now double of the purchases from Iraq - the nation's traditional top oil supplier.
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Sun, May 05, 2019
In contrast, domestic output continues to fall. India's crude oil output fell from 36.9 million tonnes in 2015-16 to 36 million tonnes in 2016-17. The trend of negative growth continues in the following years as well as output fell to 35.7 million tonnes in 2017-18 and to 34.2 million tonnes in the fiscal year that ended on March 31, 2019, PPAC data showed.
Wed, Jun 27, 2018
President Donald Trump withdrew the US from the Iran nuclear deal in May to pursue a maximum pressure campaign against Tehran's atomic programme. At the time, his administration gave foreign companies either 90 or 180 days to wind down their business with Iranian counterparts, depending on the type of commercial activity.
Tue, Sep 20, 2016
India's crude oil imports touched seven-year high in August as oil companies stepped up purchases to meet galloping domestic fuel demand.
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