Tag Archives: India

Iraq’s Oil Supplies to India Reach their Lowest Points

Sources in the Indian oil sector revealed that in June, the country’s oil imports from Iraq dropped to their lowest points since September 2020. According to Shafaq News, Indian refineries have already reduced their imports of oil from several Middle Eastern producers that raised prices early this year. The Iraqi …

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Russia Cuts Crude Exports to China and India by 17%

Russia’s four-week average seaborne oil exports fell to 3.11 million barrels a day as of July 14, down by almost 600,000 barrels or 17% from their recent peak in April, Bloomberg has reported. The country’s seaborne crude shipments have now sunk to the lowest since January and are likely to …

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India to Launch 10th Round for Oil, Gas Blocks

India is set to launch its tenth bidding round for oil and gas blocks in August or September, the Directorate General of Hydrocarbons (DGH) has said. The latest round will include 25 blocks across 13 sedimentary basins, which are essential for exploration and production activities. The areas on offer range …

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India’s Oil Imports from Russia at Record high

India’s oil imports from Russia rose to a record of about 2.1 million barrels per day (bpd) in May as discounts for Russian oil widened on lower demand from China, according to trade sources and shipping data. That boosted Russia’s share in the world’s third largest importer and consumer to …

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India Seeks Tighter Regulatory Control over LNG Import Terminals

The Indian Petroleum and Natural Gas Regulatory Board (PNGRB) is considering increasing regulatory control over India’s LNG import terminals, which could slow investments in the sector due to the potentially tightened oversight. PNGRB has issued a draft proposal of new regulations which include certification of registration by PNGRB for each …

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