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Tuesday, August 19, 2025
TopicCrude oil

Topic: crude oil

Modi govt plans to resume oil imports from Iran, skirt US sanctions

New govt plans to hold talks with Iran at the earliest to discuss ways to resume oil imports and is even looking to pay in Indian currency.

Elections keep petrol & diesel rates in check in India, even as global crude price soars

Global crude price has risen by almost $9 since 10 March, when the Lok Sabha polls were announced. But average petrol price in India has risen by just 50 paise.

Modi govt promised to raise India’s crude oil output – but it actually dropped last 5 yrs

Higher crude imports went unnoticed due to global prices, analysts say. Modi govt says ‘made considerable progress, but it takes time’.

Why China isn’t standing by Iran while its trade war with US continues

China continues to benefit from Iran’s energy resources while Iran struggles to use its earnings to purchase Chinese exports.

8 core industries grew slowest in 16 months due to fall in output of crude oil & fertilisers

Crude oil and fertiliser production recorded negative growth of 3.5 per cent and 8.1 per cent, respectively in November 2018.

Reliance said to expand world’s largest oil-refining complex

The proposed plant will be able to process as much as 30 million tons of crude a year.

India among 8 countries to be given Iran oil sanctions waivers, says Michael Pompeo

Secretary of State Michael Pompeo said the US will grant waivers to these countries to ease their transition away from Iranian crude oil.

India’s headline inflation might be low, but it may not stay that way for long

Between a record-low currency, high oil prices, and a looming election, India's inflation rate could take a hit.

How Saudi Arabia, Iraq and Russia can make up for a global oil shortfall

While Saudi Arabia and Russia seek to boost output, Iraq has already produced a record 4.66 million barrels by September this year

Oil shock has already hit India and other emerging economies

India has some of the least affordable transport fuel in the world, with a gallon (3.8 litres) of petrol costing more than three-quarters of average daily income.

On Camera

Maria Gomes feeds over 300 stray dogs. She challenges the popular image of a dog lover

Gomes cooks all day long, and undertakes two rounds: The first at 5 am, when she takes an autorickshaw around and makes 22 stops; the second at 5 pm, on her little bicycle.

Amid Trump’s tariff bombs, India’s business with America surged while imports from Russia dipped 10%

As India-Russia trade decreases, India's April-July exports to the US this year increased by 21% compared to last year & imports from the US grew by 12%.

India provides Nepal with military equipment, medical supplies; PM Oli likely to visit next month

New Delhi: India has handed over military equipment, medical supplies, trained dogs and horses to the Nepalese Army Monday, ahead of Prime Minister K.P....

War of IAF, PAF doctrines: As Pakistan obsesses over numbers, India embraces risk, wins

Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?