Search For "oil imports"
Gaza conflict exposes China's weakness in Middle East
Updated : 2 years, 1 month ago IST
China is charting a careful path, simultaneously seeking to undermine the USA and curry favor with Arab states. Its risk-avoidance strategy can perhaps best be described as anti-Western neutrality. Approximately one million Chinese work in the Middle East, while the majority of China's oi
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Cabinet approves MoU between India, Guyana on cooperation in hydrocarbons
Updated : 2 years, 2 months ago IST
The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the signing of a Memorandum of Understanding (MoU) between the Ministry of Petroleum and Natural Gas, India and the Ministry of Natural Resources, Guyana, on cooperation in the hydrocarbon sector.
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India's Russian crude imports prevented price surge in global oil market
Updated : 2 years, 2 months ago IST
The report emphasised that these purchases, totalling an estimated 1.95 million barrels per day (b/d), were pivotal in averting potential chaos in the crude oil market and preventing a surge in prices by approximately USD 30-USD 40 per barrel.
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Assam sets target to bring 3.75 hectares of land under oil palm plantation
Updated : 2 years, 7 months ago IST
India is the world's second-largest consumer and number one vegetable oil importer, and it meets about 60 per cent of its needs through imports.
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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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"Shrouded in secrecy," Pakistan trumpets its Russian oil imports: Report
Updated : 2 years, 8 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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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 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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With increase in oil imports, Russia climbs to 4th position in India's top
Updated : 3 years, 1 month 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, 1 month 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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India further ups Russian crude imports as EU's price cap kicks in: SP Glo
Updated : 3 years, 3 months ago IST
India's crude oil imports from Russia have increased manifold in the past few months so as to secure the country's energy security. A large portion of India's energy demand is met through imports.
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Russia welcomes India's decision to not support G7's price cap on Russian
Updated : 3 years, 3 months ago IST
Novak stressed that Russia is responsibly fulfilling its contractual obligations for the supply of energy resources, diversifying energy exports to the countries in the east and south amid the energy crisis. Earlier in September, G7 nations agreed to impose a price cap on oil imports from
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