IOC to import Iraqi oil for India's maiden strategic reserve

Last Updated: Wednesday, June 3, 2015, 17:12

The first of the storages at Visakhapatnam (Vizag) is ready and IOC and Hindustan Petroleum Corp Ltd (HPCL) have been tasked to import Basra Light crude oil of Iraq to fill it, official sources said.

Oil prices higher on Middle East unrest

Last Updated: Monday, May 18, 2015, 19:16

Oil prices rose on Monday as fresh tensions in Yemen and Iraq raised concerns about a supply disruption in the crude-rich Middle East, analysts said.

Oil retreats off 2015 highs, Iraq exports hit record

Last Updated: Friday, May 1, 2015, 17:51

Iraq`s oil exports rose in April to a record 3.08 million barrels per day (bpd) from 2.98 mln bpd in the previous month, the oil ministry said on Friday.

India's oil imports from Iran jump in April: Trade

Last Updated: Thursday, April 30, 2015, 16:27

India shipped in more than 17 percent more Iranian oil in April than a year before, buoyed by prospects of a diplomatic deal on Iran`s disputed nuclear programme by end-June, preliminary data from trade sources and compiled by Thomson Reuters Oil Analytics showed.

India to import 8 million barrels of oil from Iraq: Source

Last Updated: Wednesday, March 18, 2015, 21:23

India is set to import 8 million barrels of Iraqi oil to fill its first strategic petroleum reserve (SPR), taking advantage of cheap prices and lending some support to a market suffering from oversupply.

Oil tumbles anew on Iraqi export deal, futures margin hike

Last Updated: Wednesday, December 3, 2014, 08:55

Oil prices resumed their slide on Tuesday after rising in their biggest rally in two years the day before, hurt by a deal that will add more Iraqi crude to already oversupplied markets, higher margin requirements for trading U.S. futures, and a stronger dollar.

Iraq government, Kurds strike deal on budget, oil exports

Last Updated: Tuesday, December 2, 2014, 17:57

Iraq`s government and the autonomous Kurdish region have reached an agreement resolving a longstanding dispute over the budget and oil, in a move seen as a key step in improving cooperation against jihadists.

Attacks kill 10 as Iraq forces hit Anbar militants

Last Updated: Sunday, February 2, 2014, 21:58

Iraqi government forces pressed their assault on militant strongholds in Anbar as attacks elsewhere killed 10 people, with intensifying violence fuelling fears of a return to all-out conflict.

Iraq attacks kill 7 as govt forces hit Anbar militants

Last Updated: Sunday, February 2, 2014, 21:40

Iraqi government forces pressed their assault on militant strongholds in Anbar province today as attacks elsewhere in the country killed seven people, with intensifying violence fuelling fears of a return to all-out conflict.

15 militants killed in Iraq`s Anbar province

Last Updated: Sunday, February 2, 2014, 04:51

At least 15 militants were killed when Iraqi security forces hit militants` positions in restive province of Anbar, security sources said.

More than 1,000 killed in Iraq in January

Last Updated: Saturday, February 1, 2014, 22:36

More than 1,000 people were killed in Iraq in January, figures showed on Saturday, as the country grapples with a surge in attacks and battles militants holding territory on Baghdad`s doorstep.

More than 1,000 killed in Iraq in January

Last Updated: Saturday, February 1, 2014, 03:14

More than 1,000 people were killed in Iraq in January, figures showed, as the country grapples with a surge in attacks and battles militants holding territory on Baghdad`s doorstep.