Much of India is reeling from a heat wave and severe drought conditions that have decimated crops, killed livestock and left at least 330 million Indians without enough water for Continue Reading
Indian energy conglomerate Reliance Industries reported a nearly flat profit of 55.11 billion rupees ($895 million) for the December quarter but beat analyst… Reliance Industries Ltd, India’s biggest oil refiner, Continue Reading
India’s crude oil imports resumed climbing in the year ended March, after stagnating in the previous period, as a new refinery on the country’s east coast started and fuel demand Continue Reading
Slower demand growth in China has a significant effect on the ongoing oil crisis, but growth in India is expected for decades to come. Pictured, Indians spend time near a Continue Reading
“From now on, Iran will trade oil only in euros,” Bijan Zanganeh told reports on the sidelines of Iran-India business conference at Tehran Chamber of Commerce. Earlier, Tehran and New Continue Reading
India may invest as much as $20 billion in Iran’s energy industry and ports and boost imports of crude from the Persian Gulf nation if it gets favorable terms, India’s Continue Reading
In the energy world, India is becoming the new China. The world’s second-most populous nation is increasingly becoming the center for oil demand growth as its economy expands by luring Continue Reading
Malta-flagged Iranian crude oil supertanker ”Delvar” is seen anchored off Singapore March 1, 2012. India is set to import at least 400,000 barrels per day (bpd) of Iranian oil in Continue Reading
The risk India will suffer below-average monsoon rain for a third year, a once-in-a-century event, probably means the central bank has room for just one interest-rate cut before an extended Continue Reading
Saudi Arabia cemented its position as India’s top crude oil supplier in February, exporting 60% more crude than it did in February 2015 and 24% more than January, and leaving Continue Reading
