Indian refiners could offer Iran some respite at least for the next few quarters as the South Asian crude oil importers are keen to adhere to their term supply contract Continue Reading
India should rest assured that Riyadh will do its part to ensure its economy can move forward in the face of higher oil prices, the Saudi energy minister said. Saudi Continue Reading
At the International Energy Forum in Delhi in April, the world’s top oil producer Saudi Aramco inked a preliminary deal here to partner with a consortium of Indian players to Continue Reading
State-run thermal power plants in India’s coastal states have again begun buying overseas coal due to domestic coal shortages, government and utility officials said, in a setback for the country’s Continue Reading
India is set to receive its first ever crude oil consignment for storing in the newly built strategic oil reserve at Mangaluru as India’s petroleum minister Dharmendra Pradhan and Abu Continue Reading
The prospect of peak oil demand is a threat to oil companies around the world, but a much more serious threat to national oil companies, who are responsible for keeping Continue Reading
State-owned Indian Railways carried 50.32 million mt coal during April, up 18% year on year, data released by the Directorate of Statistics and Economics on Tuesday showed. Of the total, Continue Reading
India—the world’s third-largest oil importer—is one of the biggest losers of the higher oil prices in recent months, as the increased price of oil widens its trade deficit, puts more Continue Reading
Venezuela has offered India a 30-percent discount on crude oil purchases, but only if India agrees to pay in El Petro, the cryptocurrency that Venezuela is touting as the first Continue Reading
India is one of the world’s largest oil consumers, accounting for around 4 percent of global consumption. Only the U.S. and China outrank India in this regard, making it a Continue Reading
