Oil import

So much better if oil is well

With a protracted stalemate on the Iraq-Turkey pipeline, production outages in Nigeria and Libya  reduced drilling activity at aging refineries in the US, a global supply crunch is imminent.

published on : 12th August 2023

Crude import from Saudi Arabia falls to multi-year low

India, world’s third-largest crude importer, has increased its purchases from Russia following the war between Russia and Ukraine in February 2022.

published on : 2nd August 2023

Edible oil imports rise by 39.31 per cent to 13.11 lakh tonnes in June on high demand

The imports consisted of 2,900 tonnes of non-edible oils which are mainly imported by soap and oleo-chemical industries.

published on : 14th July 2023

Edible oil manufacturers asked to cut down MRP by Rs 8-12 per litre as global prices drop

It is worth noting that India imports around 55% of edible oils to meet its domestic demand.

published on : 3rd June 2023
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