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India's crude oil imports surge on fuel demand ahead of polls

Last Updated: Monday, March 31, 2014, 20:00

Refiners see demand for fuel, especially diesel, rising as electioneering picks up for the April-May Lok Sabha polls.

US asks India not to increase Iran oil imports till mid-2014

Last Updated: Tuesday, March 11, 2014, 21:43

The US has asked India not to increase crude oil imports from Iran until the middle of 2014 as it tests Tehran's resolve to cooperate with world powers on its controversial nuclear programme.

'India to slash Iran oil imports to meet nuclear deal parameters'

Last Updated: Tuesday, March 11, 2014, 19:14

India, with the increases already made in the January-March loading plans from Iran, has to cut its purchases of the crude to about 110,000 barrels per day (bpd) to drop its intake average to 195,000 bpd for the six months to July 20.

India takes nearly 40% less Iranian oil in 2013

Last Updated: Thursday, January 30, 2014, 15:40

India imported nearly 40 percent less Iranian crude last year, with no sign in the last month of 2013 that the easing of Western sanctions in a landmark deal resulted in Indian refiners bumping up their purchases.

India overtakes Japan as world's No.3 crude importer

Last Updated: Thursday, January 30, 2014, 14:49

India imported 3.86 million barrels-per-day of crude oil last year, tanker arrival data compiled by Reuters from trade sources showed on Thursday.

Six months relief for India, countries importing oil from Iran

Last Updated: Tuesday, January 14, 2014, 00:20

India and other major Iranian oil importing countries have got six months relief from reducing their import after the Islamic Republic agreed to curb parts of its disputed nuclear programme.

Veg oil import up by 18% in December at 10.67 lakh tonne

Last Updated: Monday, January 13, 2014, 19:27

India's vegetable oil imports have risen by 18 percent to 10.67 lakh tonnes in December 2013, the second highest in a month since 1994.

Iran-India officials discuss oil trade issues

Last Updated: Tuesday, December 10, 2013, 18:44

Weeks after a historic accord eased restrictions on Iran, a high level Iranian delegation Tuesday discussed with Finance Ministry officials the payment mechanism and shipping arrangements for increased oil trade.

Iran, India meeting to discuss oil payments on Tuesday

Last Updated: Tuesday, December 10, 2013, 17:42

Indian and Iranian officials are meeting on Tuesday to discuss how to unlock the first oil payments to the Middle Eastern nation since the US and other world powers eased sanctions last month in exchange for curbs to Tehran`s nuclear programme.

Iran keen to sell more oil to India, seeks payment resolution

Last Updated: Wednesday, December 04, 2013, 21:37

Keen to sell more crude oil to India, Iran's Industry Minister Mohammad Reza Nematzadeh Wednesday sought resolution of payment issues to promote trade between the two nations.

‘China to replace US as world's largest oil importer’

Last Updated: Thursday, November 28, 2013, 17:08

Energy-hungry China would replace the US as the world's largest oil importer by the 2020s followed by India, according to a report that said emerging economies are poised to claim most of the global energy supplies.

US poised to control own energy future: Barack Obama

Last Updated: Sunday, November 17, 2013, 08:53

US President Barack Obama touted Saturday the progress made by his administration in energy production and saving, saying that with reduced oil imports, the country is "poised to control our own energy future".