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INDIA OIL IMPORT
US 'specifically' asked India to buy Russian oil in 2022, says EAM JaishankarIndia's External Affairs Minister S. Jaishankar stated India purchased Russian oil after the Ukraine war began in 2022. He explained the oi...- Rising fuel prices to strain household budgets as West Asia crisis pushes crude above USD 100: Chief Economist Manoranjan SharmaFuel prices are climbing globally, impacting Indian households. The West Asia conflict is driving up crude oil costs, making higher fuel pr...
- RBI courts overseas investors as oil prices and capital outflows weigh on rupeeThe Reserve Bank of India has introduced new measures to draw foreign investment. These steps aim to boost the country's finances and suppo...
- Maruti unveils India's first flex-fuel car: What is a flex fuel vehicle? How does it work? Will it cut your fuel bill? Here's allMaruti Suzuki has introduced India's first flex-fuel passenger car. This technology allows vehicles to run on petrol or petrol-ethanol blen...
- India turns to Latin American, African oil after Hormuz disruptionIndian refiners sought oil from Latin America and Africa as Middle East supplies faced disruptions. Imports from Venezuela, Brazil, Angola,...
- RBI not in favour of rate hikes to defend rupee, prioritises inflation: SourcesIndia's central bank, the Reserve Bank of India, is not favoring interest rate hikes to protect the rupee. Instead, it is exploring other m...
- RBI not in favour of rate hikes to defend rupee, prioritises inflationThe Reserve Bank of India is not favoring interest rate hikes to protect the rupee. Instead, it is exploring other options. Inflation, not ...
- Why CEA Anantha Nageswaran says India is facing a ‘Live Balance of Payments Stress Test’India faces significant external sector challenges due to rising oil prices, foreign investor exits, and a weakening rupee. Chief Economic ...
- Global funds ready for further Rupee weakness with 100 in sightGlobal investors anticipate further depreciation of the Indian rupee, with some projecting a fall to 100 per dollar. This outlook is driven...
- India’s rising oil imports push trade deficit into risky territory: CrisilIndia’s oil trade deficit is expected to widen significantly in FY27 due to rising crude oil prices and weakening petroleum exports, accord...
- India may negotiate Iran-backed oil corridors as Hormuz recovery looks distant: Moody’sIndia and other nations will seek energy supplies through direct talks. A full return to pre-conflict shipping levels through the Strait of...
- India set to scale back Russian oil imports if US waiver lapsesIran war oil impact: Amidst the ongoing geopolitical turmoil, Indian oil refiners face a critical moment as the expiration of a US waiver l...
- Observe and shock absorb: To ride out this oil crisis, focus should be on well-targeted support, not broad price suppressionIndia is navigating a critical oil import challenge. The government's approach of keeping fuel prices steady faces fiscal and equity questi...
- Push ethanol, but keep it in the mixWith the backdrop of the US-Israel conflict raising concerns about oil imports from Iran, India is evaluating its fuel strategies. The gove...
- Energy shock strains India’s growth, fiscal outlook: S&P reportIndia faces economic challenges from Middle East conflict. Energy prices and supply constraints strain finances. Rising bond yields, inflat...
- West Asia war has a crude lesson for Indian economy: Cut the oil importsThe West Asia conflict has exposed India's vulnerability to energy shocks, prompting calls to reduce crude oil imports and boost energy sec...
- Venezuela's oil exports jump to highest since 2018, with more sales to US, IndiaVenezuela’s oil exports rose 14% to 1.23 million barrels per day in April, the highest in over seven years, driven by increased sales to th...
- Petrol, diesel, domestic LPG prices remain unchanged; no change in ATF price for domestic airlinesAirline fuel costs are holding steady even as oil firms take the hit from rising global prices to keep fares manageable for travelers. Mean...
- OPEC just lost one of its biggest players — here's the inside story of the UAE's exit and what the Saudi-UAE split really means for OPEC's market powerUAE Quits OPEC: How the World's Energy Map Just Shifted Permanently. The UAE's departure from the Saudi Arabia-led cartel is being called t...
- Despite uncertainty, India to withstand global shocks due to strong macro fundamentals: BoB ReportIndia's economy is poised to overcome global challenges as strong domestic fundamentals will provide resilience, a BoB report said. Industr...
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