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.
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.
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.
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.
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.
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.
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.
* No impact of SEBI order on markets functioning - NSE chief
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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.
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.