US Targets India's Russian Oil Source

Urals and Sokol accounted for every 4 out of 5 barrels of Russian supplies to India last year. Kindly note the image has only been published for representational purposes. Photograph: Kind......

India to clear $1.65 bln backlog of oil payment to Iran

India will pay Iran $1.65 billion through the UAE central bank to clear over 40 per cent of the backlog payments for oil imports.             Since February 2013......

India asks refiners to buy dollars, euros to settle Iran oil dues

India has asked refiners that owe about $6.5 billion to Iran for oil imports to build up dollar and euro balances to avoid downward pressure on the rupee if six world powers and Tehran reach a......