India’s future crude oil supplies will mostly come from Gulf: Oil Minister

India’s future crude oil supplies will mostly come from Gulf: Oil Minister

Saudi Arabia stayed at the No. 3 spot among India’s suppliers Saudi Arabia stayed at the No. 3 spot among India’s suppliers India’s Minister of Petroleum and Natural Gas Hardeep Singh Puri said most of his country’s crude oil supplies in the near future will come from the Gulf countries, including Saudi Arabia and Iraq, […]

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India’s GAIL rationing gas as former Gazprom unit cuts supplies

India’s GAIL rationing gas as former Gazprom unit cuts supplies

India’s largest gas distributor GAIL (India) Ltd. has started gas rationing, cutting supplies to fertiliser and industrial clients after imports were hit under its deal with a former unit of Russian energy giant Gazprom, two sources familiar with the matter said. Lower gas supplies will affect impact India’s urea production, and a sustained cut would […]

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Russia’s share of India’s June oil imports surges to record

Russia’s share of India’s June oil imports surges to record

India’s oil imports from Russia surged to a record of about 9,50,000 barrels per day (bpd) in June, accounting for almost a fifth of overall imports by the world’s third largest oil consumer, data provided by trade sources showed. Indian refiners have been snapping up Russian oil sold at hefty discounts to Brent and Middle […]

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Data | India’s downturn in domestic crude oil production persists

Data | India’s downturn in domestic crude oil production persists

India depends on imports to meet 85% of its crude oil needs, and its ageing oil wells are a major hiccup in the country’s ambition to reduce import reliance India depends on imports to meet 85% of its crude oil needs, and its ageing oil wells are a major hiccup in the country’s ambition to […]

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