oil Archives - India Alive

Qatar will withdraw from OPEC in January 2019 after review

December 5, 2018 Adminoil, OPEC, qatar, withdrawal0 comment

Qatar will withdraw from OPEC as it had said on Monday. The country will be quitting from January 2019. But it will attend the oil exporter group’s meeting this week. They said that this decision meant that Doha could focus on cementing its position as the world’s top liquified natural gas (LNG) exporter. Doha is one of the smallest oil producers in the Organization of the Petroleum Exporting Countries. It is locked in a diplomatic dispute with the group’s de facto leader, Saudi Arabia. But the country said that the…

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Sidelines of G20 Summit: Saudi Arabia has offered to supply Oil to India

November 30, 2018 Adming20, India, oil, Saudi Arabia0 comment

Saudi Arabia has offered to supply oil to India. It has proposed to supply India with all the oil and petroleum products it needs to meet its growing energy demands. Official Saudi media has reported that this incident took place during a meeting between Prince Mohammed bin Salman bin Abdulaziz and Prime Minister of India, Narendra Modi. The two leaders met at Salman’s residence in the Argentinian capital Buenos Aires on the sidelines of the G-20 summit. The two sides, during the meeting, discussed the horizons of bilateral cooperation between…

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भारत ने दिखाया आँख तो ‘ओपेक’ हो गया पानी पानी

October 22, 2018 Kunwar Hari OmCrude Oil Prices, oil, OPEC, price0 comment

कच्चे तेल की कीमतें बढ़ती हुई कीमतें हर एक देश के लिए एक बड़े परेशानी का सबब है । भारत ने इसकी शिकायत भी की थी । भारत की शिकायत करने के बाद तेल उत्पादक देशों के महत्वपूर्ण संगठन ओपेक ने अपना रवैया बदल दिया है । अब ओपेक अपने ग्राहकों का दोबारा से भरोसा जीतने की कोशिश कर रहा है । गौरतलब है कि ओपेक के वर्तमान महासचिव मोहम्मद बार्किंदो हैं । उन्होंने अपने संबोधन में कहा कि कच्चे तेल की बढ़ती हुई कीमतों को लेकर हर एक राष्ट्र…

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US is exploring oil sources so “our friend India’s economy” is not affected

September 30, 2018 AdminIndia, Iran, oil, US0 comment

The tough round of sanctions imposed the United States of America on Iran will take effect quite soon on November 4th, 2018. Just before the imposition, a top Trump administration official said that Washington recognized India’s needs for significant oil imports. The US is exploring oil sources right now. They are having conversations to ensure that there are alternative supplies of the fuel “so that our friend India’s economy is not adversely affected”. Earlier this year, the US had withdrawn from the 2015 Iranian nuclear deal and reimposed a…

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Iranian foreign minister states India will continue to buy Iran’s oil

September 27, 2018 AdminIndia, Iran, oil, sanctions, USA0 comment

India is Iran’s second-largest oil buyer after China. India will continue to buy Iran’s oil. Rather India is quite committed to continuing the economic partnership between the two nations. This was reported the Iranian foreign minister after a meeting with his Indian counterpart. This was ahead of US sanctions aimed at halting Tehran’s oil exports. The United States of America President Donald Trump’s withdrawal from an international nuclear pact with Iran in May was followed up with plans to impose new sanctions against the third-largest producer among the Organization of…

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India will pay for Iranian oil using rupee from November

September 21, 2018 AdminIran, oil, rupee payment, us sanctions1 Comment

Sources have said that India will be settling all their payment for Iranian oil. This is because US sanctions will make it difficult to settle trades through European banks. US President, Donald Trump withdrew from a 2015 nuclear accord with Iran in May. He ordered the renewal of US sanctions. Some sanctions already have taken effect since August 6th. The sanctions that affect the oil and banking sectors will take effect on for November the 4th. India does not want to default on making payments. That is why they are…