You Searched For "Oil import dependency" and got 20 results
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3 mins read
India imported USD 2.8 bn worth of crude oil from Russia in July
India, the world's third largest oil consuming and importing nation, in July bought USD 2.8 billion…
PTI
3 mins read
India's oil import bill could swell to $101-104 billion in FY25: ICRA
As per ICRA's calculations, a $10/barrel uptick in the average crude oil price for this fis…
PTI
4 mins read
2 of the world's biggest oil producers are looking for new ways to power their economies
The US has witnessed a massive rise in oil production over the last 15 years amid the shale boom.
Huileng Tan
3 mins read
India to lead world in fuel demand growth, consumption to grow by 1.3 million barrels by 2030: IEA
India, the world's third biggest oil importer and consumer, will in the second half of the decade b…
PTI
2 mins read
Jamie Dimon says the future of the world depends on whether the US can sort out its relationship with China
"It's very hard to see really positive outcomes with China until the Ukraine war is resolved," Dimo…
Kwan Wei Kevin Tan
1 min read
Indian oil firms are reportedly backing away from long-term deals for Russian oil amid tough sanctions
The largest refiners in India had been in discussions with Rosneft to receive a third of the countr…
Yuheng Zhan
2 mins read
Russia's economic isolation from the West is deepening its China dependency – car imports from the Asian nation shot up 540%
Russia is now the biggest importer of Chinese cars in the world, reflecting the country's growing e…
Joseph Wilkins
1 min read
10 million barrels of Russian oil are stuck with nowhere to go
14 cargo tankers are stranded off the coast of South Korea, highlighting Russia's continued struggl…
Filip De Mott
2 mins read
Putin has destroyed Russia's most important oil market – and what's next for crude depends on him and Xi Jinping, energy expert Daniel Yergin says
Europe just set a $60 price cap on Moscow's oil — so the Russian president has "basically des…
George Glover
2 mins read
A former Lukoil boss said an EU ban on Russian oil would bring the worst outcome for both sides
A former boss of Russia's second largest oil group said an EU ban would be "a shock for everyone. R…
Hamza Fareed Malik
1 min read
India will be the largest source of oil-demand growth for the next 7 years, IEA says
The nation's oil demand is expected to increase by 1.2 million barrels a day by 2030, roughly a thi…
Aruni Soni
3 mins read
Saudi Arabia and other oil heads keep refuting the science behind phase-out of fossil fuels at COP28; Are they right?
Fossil fuels have been considered the primary culprit behind the planet-warming climate crisis, but…
1 min read
India could rely on Russia for half its oil imports soon as Moscow continues to sell cheap barrels
In January 2022, Russia accounted for less than 2% of India's oil imports. That figure climbed to 3…
Phil Rosen
2 mins read
Ukraine minister calls for immediate Russian energy embargo to make it harder for Putin to fund his military
President Joe Biden announced in early March the US would ban Russian energy imports. Meanwhile, th…
Sam Tabahriti
3 mins read
September trade: India's exports surge in key sectors, trade deficit falls
India's trade data for September 2023, released by the Commerce Ministry, revealed a small declin…
2 mins read
The EU proposes a total ban on Russian oil imports, cutting out crude within 6 months
European Commission chief Ursula von der Leyen said the move would be costly to the bloc's economy.…
Harry Robertson
4 mins read
Oil cos losing close to Rs 3 a litre on diesel, profit on petrol down
State-owned fuel retailers are losing close to Rs 3 per litre on selling diesel while the profit on…
PTI
1 min read
Telangana govt allots Godrej Agrovet 47,000 acres for oil palm plantation
Allocated by Telangana's Department of Agriculture and Cooperation (Horticulture and Sericulture), …
ANI
2 mins read
The invasion of Ukraine has been a 'harsh wake-up call' for countries dependent on Russian energy, the UK's energy minister said
Russia's invasion of Ukraine has accelerated changes in the global energy market that were already …
Grace Dean
1 min read
India's oil imports from Russia surged 15% through June as it doubled down on cheap energy
India's running purchases of Russian oil is bulking up Moscow's soaring energy revenues that are on…