Mike Pompeo likely to press India for oil sanctions compliance amid US-Iran conflict: State official
US Secretary of State Mike Pompeo will be visiting India from June 25 to June 27.
Jun 22, 2019, 07:22 AM IST
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Jun 21, 2019, 19:56 PM IST
US blames Iran for tanker attacks in Gulf of Oman, Iran rejects assertion
Crude oil prices spiked more than 4% after the attacks near the entrance to the Strait of Hormuz, a crucial shipping artery for Saudi Arabia and other Gulf energy producers.
Jun 14, 2019, 10:07 AM IST
India delays May order for Iran oil, awaits clarity on sanctions waiver: Report
Washington had given a six-month waiver to eight nations including India, allowing them to import some Iranian oil until early May.
Apr 09, 2019, 17:19 PM IST
Oil eases from four-month high on global growth worries
Oil prices edged lower on Thursday, retreating from a four-month peak, as fears of a slowing global economy weighed on market sentiment.
Mar 21, 2019, 07:47 AM IST
India inks pact with Iran to pay crude bill in rupee
Under US sanctions, India can export foodgrains, medicines and medical devices to Iran.
Dec 06, 2018, 18:05 PM IST
Saudi Arabia pumps record amount of oil as Trump piles on pressure
Saudi Arabia agreed to raise supply steeply in June, in response to calls from consumers, including the United States and India, to help cool oil prices and address a supply shortage.
Nov 26, 2018, 18:02 PM IST
Fuel prices fall yet again, petrol at Rs 79.18 per litre in Delhi
Fuel prices saw yet another fall on Friday with petrol retailing at Rs 79.18 per litre - fall of 19 paise from a day earlier, while diesel was at Rs 73.64 per litre in the national capital.
Nov 02, 2018, 06:45 AM IST
Brent oil rises back above $80 as Iran sanctions loom
OPEC agreed in June to boost supply to make up for the expected disruption to Iranian exports.
Oct 22, 2018, 12:30 PM IST
US oil exports fall as India turns to Iran ahead of sanctions
US oil shipments to India fell to 84,000 barrels per day (bpd) last month, down 75 percent from a record high of 347,000 bpd in June, Kpler data showed. India accounted for 12 percent of US crude exports in June.
Oct 05, 2018, 14:25 PM IST
'Assembly polls, crude oil, developments at trade front crucial for equity market this year'
Of late, rupee woes, high crude oil prices, unabated foreign fund outflows and escalating trade tensions between the US and China have dampened the market sentiment.
Sep 20, 2018, 18:22 PM IST
India's fuel demand rose 0.8% YoY in August
Sales of gasoline, or petrol, were 7.8 percent higher from a year earlier at 2.36 million tonnes.
Sep 14, 2018, 15:44 PM IST
Govt raises ethanol price for blending in petrol by 25%
Also, OMCs will pay GST and transportation charges.
Sep 13, 2018, 11:44 AM IST
Petrol touches Rs 90.11 in Maharashtra's Parbhani
On the 15th day of consecutive hikes, petrol prices increased on Tuesday by Rs 0.14 and diesel by Rs 0.15.
Sep 11, 2018, 15:00 PM IST
In a bid to boot out US pressure on India, Iran ready for oil supplies on 'flexible measures'
While India maintains national interests are primary, market analysts and strategic experts believe US sanctions on Iran could determine how countries deal with importing oil from the West Asian country.
Jul 13, 2018, 13:29 PM IST
US says no exemption to India on oil imports from Iran
Iran is India's third-largest oil supplier behind Iraq and Saudi Arabia. It supplied 18.4 million tonnes of crude oil during April 2017 and January 2018.
Jun 27, 2018, 18:10 PM IST
SBI to stop handling Iran oil payments: IOC
Iran offers Indian refiners a 60-day credit period on oil sales, which means payment for cargoes loaded from end-August will be due in November.
Jun 15, 2018, 13:03 PM IST
Oil hits 3-1/2-year high after US quits Iran deal
Brent crude oil touched its highest since November 2014 at $77.20 a barrel.
May 09, 2018, 17:30 PM IST
Donald Trump to announce decision on Iran nuclear deal; we are prepared, says Tehran
The Iran deal, negotiated during the administration of Barack Obama, eased economic sanctions on Iran in exchange for Tehran limiting its nuclear program.
May 08, 2018, 18:13 PM IST
MCX to launch options trading in crude oil on May 15
Significantly, this is India's first crude oil options contract and on its expiry, the open position will devolve into the respective underlying futures position.
May 08, 2018, 17:42 PM IST
