Search For "crude oil import"
"Govt misleading public": SP MP on fuel concerns amid Iran-Israel war
Updated : 3 days, 23 hours ago IST
Samajwadi Party MP Ram Gopal Yadav on Sunday alleged that the Union government is "misleading" the public with respect to the fuel concerns arising out of the disruption of maritime traffic in the Strait of Hormuz as the military escalation in the Middle East enters into the second week.<
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Prolonged West Asia conflict could slow down India's growth: SBI Research
Updated : 6 days, 21 hours ago IST
The ongoing conflict in West Asia could have multiple economic implications for India, particularly through higher oil prices, disruptions in energy supply routes, and potential impacts on remittances and trade, according to a new report by SBI Research. The report highlighted that while the
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India open to resuming Venezuelan crude imports based on commercial viabil
Updated : 1 month ago IST
India reaffirmed it remains open to sourcing crude oil from Venezuela and other regions based on commercial viability. MEA spokesperson Randhir Jaiswal highlighted Venezuela as a long-standing energy partner, noting India's pragmatic, market-driven approach to securing crude supplies.
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"Many questions unanswered": AAP MP Sanjay Singh on India-US trade deal
Updated : 1 month, 1 week ago IST
Aam Aadmi Party (AAP) Member of Parliament Sanjay Singh on Wednesday said that many questions were left unanswered in the Parliament by the Industries and Commerce Minister Piyush Goyal on the India-US trade deal.
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India could cut fuel import bill by USD 3 billion by switching to Venezuel
Updated : 1 month, 1 week ago IST
India's crude oil import bill could decline by up to USD 3 billion annually if the country shifts a portion of its crude sourcing from Russia to Venezuelan heavy crude, according to a new report by State Bank of India (SBI) Research.
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Crude oil imports from Russia decline, uptick from US: Economic Survey
Updated : 1 month, 1 week ago IST
The Economic Survey 2026 has highlighted a notable increase in terms of imports of crude oil from the United States (US) as compared to Russia in the Financial Year 2026 (April-November).
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"We can process Venezuelan crude if made available": IOCL Chairman
Updated : 1 month, 3 weeks ago IST
Chairman of Indian Oil Corporation Ltd (IOCL), A S Sahney, said that Indian refineries are "robust" and can process Venezuelan crude if it becomes available.
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India unaffected by US action on Venezuela due to limited trade: GTRI
Updated : 2 months, 1 week ago IST
The ongoing crisis in Venezuela is unlikely to have any material economic or energy impact for India, asserted India-based think tank Global Trade Research Initiative (GTRI).
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Russian Oil exports drop sharply in November as sanctions concerns weigh o
Updated : 3 months ago IST
Russian oil exports saw a steep decline in November as buyers grew increasingly cautious over the risks linked to more stringent US sanctions, the International Energy Agency (IEA) said in its latest report.
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India can expand exports to Russia from USD 5 bn to USD 35 bn by 2030: GTR
Updated : 3 months, 1 week ago IST
India has the potential to raise its merchandise exports to Russia from about USD 5 billion to nearly USD 35 billion by 2030, according to a GTRI report, as President Vladimir Putin's visit to Delhi places renewed focus on narrowing the wide trade gap between the two countries.
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Indian equity inflows from Russia tripled in FY25, highest in four years:
Updated : 3 months, 1 week ago IST
Russian FDI equity inflows into India surged more than threefold in FY2025 to USD 18.45 million, up from USD 5.16 million in FY2024, marking the highest level in four years and a renewal in economic engagement between the two countries.
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Despite US sanctions on Russian crude, margins of Indian oil companies to
Updated : 3 months, 3 weeks ago IST
The margins of India's oil marketing companies (OMCs) are unlikely to come under significant pressure despite the United States imposing sanctions on two of Russia's largest crude oil producers, Rosneft and Lukoil, according to a report by Fitch Ratings.
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