Saudi Aramco Offers To Increase Oil Supplies To India By 200,000 BPD #OilmanNEWS Oil and Gas News 

Saudi Aramco Offers To Increase Oil Supplies To India By 200,000 BPD

Saudi Aramco, the world’s largest oil producer will be providing additional crude oil to domestic Indian refiners to meet the shortages arising out of the Iran sanctions, reports the Reuters. Citing unnamed sources in state-controlled India’s oil companies, the Reuters has reported that the Saudi Arabian oil giant has offered to boost the Indian supplies by 200,000 barrels a day… Read More
The United States Indicates To Ensure Steady Oil Supply For India #OilmanNEWS Oil and Gas News 

The United States Indicates To Ensure Steady Oil Supply For India

The United States is reportedly working towards stabilizing the global energy markets and maintaining steady oil supplies to India and some other friend countries. After its decision for not to extend waivers from sanctions on purchases of Iran’s oil,  the U.S. is now trying to establish a stabilized global energy market in order to maintain steady oil supply to affected… Read More
India to Surpass China as World’s Largest Energy Growth Market by mid-2020 #OilmanNEWS Oil and Gas News 

India to Surpass China as World’s Largest Energy Growth Market by mid-2020

India surpasses China as the world’s largest growth market, accounting for over a quarter of the growth in global energy demand over the Outlook, UK supermajor BP stated in its annual vitality outlook. The 2019 version of the BP report explores the key uncertainties that could impact the shape of global energy markets out to 2040. “The greatest uncertainties over… Read More
India Vows To Keep Buying Venezuelan Oil Despite US Warning #OilmanNEWS Oil and Gas News 

India Vows To Keep Buying Venezuelan Oil Despite U.S. Warning

India indicates that it look into commercial considerations and related factors to determine the value of oil imports from any country,  as the United States has issued a warning to the countries against buying oil from Venezuela. India’s Ministry of External Affairs (MEA) has issued a statement which does not submit to the United States strategy to isolate the Bolivarian… Read More
India To Continue Iranian Oil Imports In November Despite U.S. Sanctions #OilmanNEWS Oil and Gas News 

India To Continue Iranian Oil Imports In November Despite U.S. Sanctions

Two state-controlled Indian refiners have placed orders to buy Iranian oil in November 2018, India’s Petroleum Minister Mr. Dharmendra Pradhan said on Monday, October 08, 2018. While talking to media persons in New Delhi, Pradhan said it is yet not clear that if India will be granted a waiver from U.S. sanctions on Islamic Republic (Iran). The minister further said… Read More
U.S. and India Oil Imports Oil and Gas News 

U.S. Wants India, Allies to Stop Importing Oil From Iran by November 4, Warns of Sanctions

India is facing tremendous pressure as the United States prepares to work with allies and partners to reduce oil imports from Iran. The United States has asked all countries, including India, to stop all oil imports from Iran by November 4, 2018, or face sanctions, making it clear that there would be no waivers to anyone. Last month President Donald… Read More
South Asia Region Becomes Global LNG Hotspot 2018 January-February 

South Asia Region Becomes Global LNG Hotspot

International market experts, analysts, consultant agencies and specialists in the oil and gas sector see more growth in the Asian LNG market instead of Europe, especially from non-OECD countries. Analysts believe that several factors will come into play to make Asian a strong trading market in 2018. The easing crude prices due to constant increasing U.S. production, OPEC’s decision to… Read More
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