Tag Archives: India

US oil producers likely to eye Indian market as tariff war with China escalates.

The U.S. is unlikely to join with China and India. though it should.

The South Asian giant consumes almost 22 million metric tonnes a year of liquefied natural gas.

The US has told all countries. including India and China. to stop their oil imports from Iran by November 4 or face sanctions.

The sanctions are to be operational in November sans any exemptions.

A State Department official said the US will not be granting waivers under the new sanctions regime.

UAE supplies a small quantity of oil to India.

Aramco is looking at ``all options`` to enter fuel retailing through partnerships with Indian oil companies.

India is concerned that the rallying oil prices are hurting its economy.

India imports around 10% of its crude oil requirement from Iran.