Tag Archives: India

India should increase the amount of crude oil and coking coal it imports from the United States as a way to diversify its supply under the interim trade deal between New Delhi and Washington, according to the country’s commerce and industry minister. India is especially keen on importing more high-quality …

China’s oil imports from Russia are on track for all-time high of over 2 million barrels per day in February as India is withdrawing from Russian spot purchases and supply is now heavily discounted for Chinese independent refiners. China is set to import 2.07-2.08 million barrels per day (bpd) of …

India considers boosting the run rates of its gas-fired power plants during evening peak hours to support the grid amid the surge in renewable power generation, India’s Power Secretary Pankaj Agarwal said on Friday. “For the last three years we have been studying whether gas plants can run for eight …

India’s largest private refiner, Reliance Industries, has been authorized by the United States to buy, export, and sell Venezuelan crude oil, Reuters reported on Friday, citing sources with knowledge of the situation. Reliance last month applied with the U.S. Treasury’s Office of Foreign Assets Control (OFAC) for a general license …

India’s largest state-owned refiner, Indian Oil Corporation (IOC), has boosted purchases of crude oil from ?West Africa and the Middle East, as New Delhi steers clear of Russian crude in the wake of the trade deal with the United States. Indian Oil has acquired six million barrels of Middle East …

India’s largest private refiner, Reliance Industries, is buying Venezuelan crude again, securing the first Indian purchase of oil from the world’s top reserves holder since the U.S. took control of Venezuela’s oil sales early last month. Reliance Industries has purchased a cargo of around 2 million barrels, an anonymous source …

Russia’s flagship crude, Urals, is being offered in India at a widening discount to Brent, with the differential now at $11 per barrel and testing the appetite of Indian refiners amid the trade deal with the U.S. that calls for limited purchases of Russian oil. Sellers are offering Urals at …

President Donald Trump said on Monday that the United States and India have reached an agreement on a trade framework that cuts U.S. tariffs on Indian goods and commits New Delhi to expand purchases of U.S. oil and gas, pushing energy supply to the center of talks that have unfolded …

Coal India Limited, the biggest coal producer in the world’s second-biggest coal user, opened this year its online coal supply auctions directly to buyers in Bangladesh, Bhutan, and Nepal, as Indian coal supply has swelled amid weaker-than-expected demand in recent months. Amid an oversupply of coal and weaker demand, India …

India’s government is asking domestic refiners to provide timely and accurate data on a weekly basis of imports of Russian and U.S. crude, as New Delhi plans to show the data to the U.S. Administration as it seeks a trade deal, sources with knowledge of the efforts told Reuters on …