Edition:
India

Nidhi Verma

Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.

Twitter handle: @jeffmason1

14 Aug 2018

Saudi pips Iraq as top oil supplier to India in July - data

NEW DELHI Saudi Arabia replaced Iraq as top oil supplier to India in July after a gap of more than a year, according to data from industry and shipping sources, as a higher intake of Iranian oil ahead of U.S. sanctions altered trade routes.

13 Aug 2018

Indian Oil sees no impact from U.S. sanctions on refinery JV investment with Iran

NEW DELHI Indian Oil Corp.'s planned $5.10 billion expansion of its unit Chennai Petroleum, partly owned by Iran, is not expected to be hit by U.S. sanctions against Tehran, Chairman Sanjiv Singh said on Monday.

10 Aug 2018

India to step up use of biofuels to cut oil import bill

NEW DELHI India aims to increase the use of biofuels to cut its oil import bill by 120 billion rupees ($1.7 billion) by 2022 and reduce carbon emissions, Prime Minister Narendra Modi said on Friday.

08 Aug 2018

Indian Oil buys U.S. crude to part replace Iran cargoes

NEW DELHI/SINGAPORE Indian Oil Corp has bought 6 million barrels of U.S. crude for delivery in November to January, a company official said, as the nation's top refiner scouts for alternatives to Iranian oil ahead of impending U.S. sanctions.

02 Aug 2018

State refiners drive India's July Iran oil imports to a record: trade sources

NEW DELHI India's monthly oil imports from Iran surged by about 30 percent to a record 768,000 barrels per day (bpd) in July, as state refiners' intake surged ahead of U.S. sanctions in November, preliminary tanker arrival data obtained by Reuters showed.

02 Aug 2018

Rosneft's India venture Nayara rejigs debt to cut interest costs

MUMBAI/NEW DELHI Russian oil company Rosneft's Indian venture Nayara Energy, which owns one of the largest refineries in the country, is moving to replace high-interest loans with new debt, part of efforts to reshape its balance sheet and cut borrowing costs, according to three sources familiar with the plan.

30 Jul 2018

India loaded 12 percent less Iranian oil in June than in May on sanctions fear

NEW DELHI Indian refiners ordered about 12 percent less Iranian oil in June than in May, when the U.S. said it would reintroduce sanctions on Iran, but sales remained around 50 percent higher than a year ago.

26 Jul 2018

Iran offers India oil cargo insurance, ships to boost sales: sources

NEW DELHI Iran is offering to insure oil cargoes to India after some local insurers stopped providing the service in the face of impending U.S. sanctions, industry sources said, a move that would help Tehran continue supplying its second biggest oil client.

26 Jul 2018

Exclusive: HPCL cancels Iran oil shipment after insurer excludes coverage - sources

NEW DELHI India's Hindustan Petroleum Corp (HPCL) cancelled the purchase of an Iranian oil cargo earlier this month after its insurance company refused to provide coverage for the crude because of U.S. sanctions, three sources with knowledge of the matter said.

24 Jul 2018

Iran becomes India's No. 2 oil supplier, ahead of Saudi Arabia

NEW DELHI Iran was the second-biggest oil supplier to Indian state refiners between April and June, India's oil minister said on Monday, replacing Saudi Arabia as companies took advantage of steeper discounts offered by Tehran.

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