Search For "oil import"
UAE meets 37.4 per cent of Japan's crude oil needs in June
Updated : 2 years, 7 months ago IST
Japan's crude oil imports from the United Arab Emirates amounted to 25.63 million barrels in June 2023 or 37.4 per cent of total imports, the Natural Resources and Energy Agency of Japan's Ministry of Economy, Trade and Industry said.
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Edible oil prices decline considerably, Centre’s interventions bear fruit
Updated : 2 years, 8 months ago IST
India is the world's second-largest consumer and number one vegetable oil importer, and it meets 60 per cent of its need through imports.
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"Shrouded in secrecy," Pakistan trumpets its Russian oil imports: Report
Updated : 2 years, 9 months ago IST
On Sunday, a ship docked at the port of Karachi with the equivalent of around 3,30,000 barrels of Russian crude oil. Next week, a different vessel with a little bit more oil is anticipated. Shehbaz Sharif, the prime minister of Pakistan, referred to the imports as transformative for the nati
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India cuts import duty on refined soy, sunflower oils
Updated : 2 years, 9 months ago IST
India has reduced customs duty on imports of refined soyabean oil and refined sunflower oil to 12.5 per cent from 17.5 per cent, according to an official notification.
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HPCL launches pilot study on E27 and ethanol-blended diesel
Updated : 2 years, 9 months ago IST
E20 blending in petrol was introduced in the country by the government of India with the aim of reducing the country's oil import cost, energy security, lower carbon emission, and better air quality, among others.
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India's approach to oil import guided by its energy security requirements:
Updated : 3 years ago IST
On September 2, G7 Finance Ministers initiated a price cap on Russian-origin crude oil and petroleum products to be implemented by each coalition member in the wake of Russia-Ukraine war
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Pakistan faces fuel crisis amid economic crunch
Updated : 3 years ago IST
Pakistan is a net loser in fuel oil imports at a time when the Ukraine conflict has made the situation worse for most economies worldwide.
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Moody's affirms stable ratings outlook for oil firms IOCL, BPCL, and HPCL
Updated : 3 years, 1 month ago IST
The profitability of the Indian oil marketing companies (OMCs) has increased as retail selling prices of petroleum products have "remain unchanged" during six months in 2022.
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Relationship with India is solid, says OPEC Secretary General
Updated : 3 years, 1 month ago IST
In an exclusive interaction with ANI, OPEC Secretary General Haitham Al Ghais said that reduced oil import by India with OPEC countries doesn't affect the relationship between OPEC+ countries and India.
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HPCL to double Vizag refinery's operating capacity by June-end
Updated : 3 years, 2 months ago IST
India, the world's third-biggest oil importer buys over 85 per cent of its oil needs from overseas. Indian refiners are investing billions of dollars to upgrade their plants to meet rising fuel demand in Asia's third-largest economy.
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With increase in oil imports, Russia climbs to 4th position in India's top
Updated : 3 years, 2 months ago IST
The merchandise imports from Russia increased from USD 6.58 billion in April-December 2021 to USD 32.88 billion in April-December 2022, which is an increase of 399.73 per cent, according to sources from the ministry of commerce and industry.
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India's edible oil imports rose 22 pc in December 2022
Updated : 3 years, 2 months ago IST
Overall, the import of vegetable oils, including edible oils, during December 2022 is reported at 1.56 million tonne compared to 1.22 million tonnes in the same month of 2021, which is an increase of about 28 per cent.
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