India, China Look To Form ‘Oil Buyers Club’
India and China have discussed creating an ‘oil buyers’ club’ to be able to negotiate better prices with oil exporting countries and will be looking to import more U.S. crude Continue Reading
India Will Buy Iranian Crude Despite U.S. Sanctions
India will continue importing Iranian crude despite U.S. sanctions, India’s Foreign Minister Sushma Swaraj said ahead of a meeting with her Iranian counterpart Mohammad Javad Zarif. Swaraj said, as quoted Continue Reading
India Won’t Pay For Venezuelan Oil With ‘Petro’ Cryptocurrency
India doesn’t plan to use Venezuela’s ‘petro’ cryptocurrency to pay for crude oil imports from the Latin American nation of which it is a large regular customer, India’s Foreign Minister Continue Reading
India’s Fuel Price Problem Needs Urgent Solution
Soaring gasoline and diesel prices in India require urgent action, Oil Minister Dharmendra Pradhan told media, and the government is trying to find a solution to the problem, which comes Continue Reading
Analysis: India could provide Iranian crude with stable outlet at least in near term
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
Riyadh works to allay India’s concerns about oil prices
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
Land acquisition woes thwart India’s mega refinery plan with Saudi Aramco
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
India’s state power plants resume coal imports amid domestic shortages
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
New beginning: First ship for India’s strategic oil reserve to set sail today
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
India Is The Best Bet For National Oil Companies
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