Saudi, Iraq sell more oil to India, elbow out Latin America crudes
India`s oil imports from Saudi Arabia and Iraq hit the highest in more than a decade last month as OPEC`s top producers gained at the expense of Latin American crudes, a validation of the OPEC policy of maintaining output and fighting for market share.
Feb 20, 2016, 17:15 PM IST
India's oil imports from Iran jump in April: Trade
India shipped in more than 17 percent more Iranian oil in April than a year before, buoyed by prospects of a diplomatic deal on Iran`s disputed nuclear programme by end-June, preliminary data from trade sources and compiled by Thomson Reuters Oil Analytics showed.
Apr 30, 2015, 16:27 PM IST
India to import 8 million barrels of oil from Iraq: Source
India is set to import 8 million barrels of Iraqi oil to fill its first strategic petroleum reserve (SPR), taking advantage of cheap prices and lending some support to a market suffering from oversupply.
Mar 18, 2015, 21:23 PM IST
Conflict in Iraq not to affect oil supply: Dharmendra Pradhan
As violence escalates in Iraq, the government Thursday said fuel supplies will not be impacted by the conflict in the nation's second largest crude oil supplier.
Jun 19, 2014, 21:10 PM IST
Iraq unrest may lead to $15-20/bbl rise in oil price in 2 mths
Exporters body FIEO on Wednesday said the unabated turmoil in Iraq may lead to a spike in oil prices by USD 15 to 20 a barrel in the next couple of months, adding to inflation woes and jacking up India's oil import bill.
Jun 18, 2014, 21:11 PM IST
