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Friday, March 29, 2024
TopicOil imports

Topic: Oil imports

Indian backdoor for Russian oil weakens calls for European ban

India’s diesel exports in March were highest since April 2020 when it hit 847,000 barrels a day, according to Jane Xie, a senior oil analyst at data and analytics firm Kpler in Singapore.

Some festive cheer on edible oils front as prices dip, mustard oil is the only exception

As many as 4 import duty cuts were effected with respect to three edible oils between June and September, following a sharp rise in prices over the preceding months.

Iran Foreign Minister Javad Zarif lands in India today for ‘gentle push’ on oil imports

Javad Zarif’s India trip comes amid tensions between Tehran and Washington over the killing of senior Iranian commander Qassem Soleimani in a US drone strike. 

India’s appetite for petroleum fuels drops to 6-year low

India’s consumption of petroleum products in 2019-20 is expected to rise by 1.3%, the slowest since the 0.9% demand growth in 2013-14.

India switches to sunflower oil as palm oil imports fall on soaring prices

Palm oil has soared more than 50% since middle of July on concerns about falling output & growing demand for biofuel, making shipments expensive.

Surge in Indonesia and Malaysia’s palm oil prices may shrink sales to India

India will shift some purchases to other edible oils this winter after palm’s surge of about 30% from last month’s low.

Pizza dough to lipstick to biodiesel — India needs Malaysia’s palm oil but traders wary now

Malaysian prime minister had ticked off New Delhi after saying India ‘invaded’ Kashmir, prompting India to threaten palm oil restrictions.

Oil spike sends India assets lower as inflation concerns revive

India buys more than two-thirds of its oil, mostly from the Middle East, which means if crude prices stay up, RBI may not be able to deliver more than 25 basis points of cuts.

With eye on India & China, US warns of sanctions on Iran oil imports beyond agreed limit

The Trump administration, which is looking to cut Iran's oil exports to zero, last month refused to give waivers to countries like India.

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.

On Camera

India is going to have its least free & fair election in 2024. See these 5 indicators

So far what we have seen of the 2024 elections is enough to indicate that the continuous slide of democratic standards is headed toward breaching the minimum threshold of an electoral democracy.

Congress attacks chief economic advisor over statement on unemployment, asks BJP govt to ‘vacate seat’

While releasing 'India Employment Report 2024', V Anantha Nageswaran said govt can't solve 'all social, economic challenges'. Congress leader Kharge says CEA protecting 'dear leader'.

Amid plans to lift AFSPA, Army starts joint training with Jammu & Kashmir Police

In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.