Edition:
United Kingdom

Nidhi Verma

Saudi to supply an extra 2 million barrels/month to Indian Oil Corp from July

17 May 2019

NEW DELHI Saudi Aramco will supply state-run Indian Oil Corp Ltd (IOC) an extra 2 million barrels of crude a month from July to December, an IOC executive said on Friday, as New Delhi seeks to make up for a loss in supplies from Iran.

UPDATE 1-Saudi to supply an extra 2 mln barrels/month to Indian Oil Corp from July

17 May 2019

NEW DELHI, May 17 Saudi Aramco will supply state-run Indian Oil Corp Ltd (IOC) an extra 2 million barrels of crude a month from July to December, an IOC executive said on Friday, as New Delhi seeks to make up for a loss in supplies from Iran.

Iran's Zarif warns of risk from 'extremist' individuals in U.S. government

14 May 2019

NEW DELHI Iran's foreign minister said on Tuesday that "extremist individuals" in the U.S. government were pursuing dangerous policies, amid a war of words with Washington over sanctions.

Only 1 Indian client of Iran takes up extra Saudi oil for June - sources

13 May 2019

NEW DELHI Only one Indian buyer of Iranian oil has taken up Saudi Arabia's offer of additional oil to make up for the loss of supplies from Tehran due to U.S. sanctions, taking an extra 2 million barrels from the Kingdom for June shipment, industry sources said.

India's oil imports from Iran down 57 pct y/y in April - trade

07 May 2019

NEW DELHI, May 7 India's oil imports from Iran fell about 57 percent year-on-year in April, according to tanker arrival data seen by Reuters, the last month when New Delhi was allowed to load Iranian oil ahead of U.S. sanctions stopping purchases of oil from the OPEC member.

Indian Oil plans to shut units at northeast refineries to upgrade fuel: sources

01 May 2019

NEW DELHI Indian Oil Corp, the country's top refiner, plans to shut units in phases at its northeast plants from August to produce cleaner fuels, two sources privy to the move said.

SEBI fines NSE over unfair broker access

30 Apr 2019

NEW DELHI/MUMBAI India's market regulator on Tuesday fined the National Stock Exchange (NSE) over $90 million and barred it from raising money on securities markets for six months after finding it had failed to ensure equal access for all brokers to the exchange's network servers.

UPDATE 1-India's market regulator fines NSE over unfair broker access

30 Apr 2019

* No impact of SEBI order on markets functioning - NSE chief (Recasts, adds details)

Indian consumers face post-election fuel price shock, economy could be hit

26 Apr 2019

NEW DELHI Surging global oil prices will pose a first big challenge to India's new government, whoever wins an election now under way, especially as domestic prices have been allowed to lag, meaning consumers are in for a painful surge as they catch up.

India to get extra oil from major producers to make up for Iran oil loss: minister

23 Apr 2019

NEW DELHI India will get additional supplies from other major oil producing countries to compensate for the loss of Iranian oil, India's Petroleum and Natural Gas Minister Dharmendra Pradhan said on Tuesday.

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