India Folds Under Pressure, Halts Iranian Oil Imports
In more dour news for Iran, India (the world’s fourth largest oil importer) is planning to cut oil imports from the embattled OPEC member. India’s oil ministry has asked refiners Continue Reading
India Has Back-Up Plans In Case Of Complete Iranian Oil Cut-off
Indian refiners are preparing for any scenario in case they won’t be able to import any Iranian crude oil as the United States steps up pressure on countries to bring Continue Reading
India preparing for cut in oil imports from Iran
India’s oil ministry has asked refiners to prepare for a ‘drastic reduction or zero’ imports of Iranian oil from November, two industry sources said, the first sign that New Delhi Continue Reading
India Prepares For Drastic Reduction Of Iranian Oil Imports
India’s oil ministry has told local refiners to get ready for a “drastic reduction or zero” oil imports from Iran, industry sources told Reuters on Thursday, a sign that India—Tehran’s Continue Reading
U.S. envoy Haley tells Modi important to cut imports of Iranian oil
U.S. Ambassador to the United Nations Nikki Haley told India’s Prime Minister Narendra Modi on Wednesday it was important India cut Iranian oil use, but said the United States would Continue Reading
Saudi Aramco eyes presence in India’s entire energy sector, says CEO
Saudi Arabian state-owned oil company Saudi Aramco wants to be present in the entire “value chain” of India’s energy sector, its Chief Executive Officer Amin Nasser said on Monday in Continue Reading
India’s ‘worst water crisis in its history’ is only going to get worse
India is suffering from the worst water crisis in its history and around 600 million people face a severe water shortage, according to a government think tank. Approximately 200,000 people Continue Reading
Deadly Tensions Rise as India’s Water Supply Runs Dangerously Low
When the Indian resort town of Shimla ran severely low on water last month, “key men” like Inder Singh — who open and close the valves that supply water to Continue Reading
India’s Biggest Bank To Stop Handling Iran Oil Payments
India’s largest bank, State Bank of India, has told local refiners that it will no longer handle payments for oil imports from Iran beginning in November, the head of finance Continue Reading
Indian oil minister says current oil price not sustainable, calls for ‘responsible pricing’
Saying that current oil prices were not supported by market fundamentals, Indian oil minister Dharmendra Pradhan on Thursday called for “responsible pricing, one that balances the interests of both the Continue Reading