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Oil Imports
Business  /  Published 23.09.20

August crude oil imports fall

Crude oil imports declined in August, though at a slower pace, as soaring coronavirus cases continued to hit mobility and slowed economic recovery, government data showed on Monday. Crude oil imports...
By Reuters in New Delhi

Business  /  Published 14.12.18

November trade gap widens

Merchandise exports expanded marginally by 0.80 per cent to $26.5 billion in November, widening the trade deficit to $16.67 billion because oil imports have spiked.Imports rose 4.31 per cent to $43.17...
By Our Special Correspondent in New Delhi

Opinion  /  Published 13.06.19

Rekindle the spirit of Wuhan

China is where Prime Minister Narendra Modi can hope to find a major breakthrough. This is one opportunity that Modi — he has taken unusual interest in foreign policy and will perhaps continue to do...
By Subir Bhaumik in

India  /  Published 24.05.19

Stopped: Iran oil import

India has stopped importing oil from Iran since the American waivers granted to eight buyers expired early this month, New Delhi’s envoy here said on Thursday.Indian ambassador Harsh Vardhan Shringl...
By PTI in Washington

Business  /  Published 15.03.19

Trade gap narrows

The country’s trade deficit narrowed to $9.6 billion in February, a 17-month low, dragged down by a fall in gold and oil imports.Exports grew 2.44 per cent year-on-year to $26.67 billion and imports...
By Our Special Correspondent in New Delhi

Business  /  Published 18.02.19

India signs annual crude deal with US

Indian Oil Corporation (IOC) has signed a deal to buy 3 million tonnes of crude worth $1.5 billion from the United States during the next fiscal.The deal, which is the first ever by an Indian firm, is...
By R. Suryamurthy in New Delhi

Business  /  Published 12.11.18

Rupee falls below 73 against US dollar

The rupee weakened further and dipped by 54 paise to 73.04 against the US dollar on Monday, owing to increased demand for the American currency from importers amid increasing global crude oil prices.I...
By PTI in Mumbai

Business  /  Published 14.11.18

India open to importing more oil from US

India had started importing crude from the US from 2015 after a ban imposed in 1974 was lifted by President Obama. Sources said GAIL was exploring more gas import contracts. Similarly, Indian state-ru...
By Jayanta Roy Chowdhury in New Delhi

Business  /  Published 16.02.19

Dip in crude imports from Iran in January

India’s oil imports from Iran fell 45 per cent in January to 270,500 barrels per day oil (bpd), which is below the estimated 300,000 bpd for the month as some cargoes were delayed.The United States ...
By Reuters in New Delhi

Opinion  /  Published 13.06.19

A counter to Arvind Subramanian

Once, in the early 1970s, I asked a very learned uncle why India had fallen off the knowledge map after the Gupta Empire declined. He thought for so long that I was about to repeat my question when he...
By in


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