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India oil trade News

27 Mar 2021

Suez Canal: India chalks out 4-point plan to deal with blockage situation

The Indian government on Saturday (March 27) has chalked out a four-point plan to reopen traffic in the crucial East-West waterway of Suez Canal. The situation has forced numerous ships to re-route via Cape of Good Hope. This blockage is seriously hitting the global trade.

26 Mar 2021

'Beached whale' ship of Japanese firm may block Suez Canal for weeks

Japanese shipowner Shoei Kisen apologised for the incident and said work on freeing the ship, which was heading to Europe from China, "has been extremely difficult" Another official with knowledge of the operation said that was likely to take days "If you end up in the scenario that you have to remove cargo then you are looking at a time consuming exercise," he said told AP

India oil import

12 Feb 2015

India slashes Iran oil imports in January trade

India slashed imports of Iranian oil in January as New Delhi scrambled to bring its purchases from the OPEC member in line with 2013 levels, according to data obtained from trade sources and ship tracking data on the Thomson Reuters terminal.

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