India, China join hands on oil

India, China join hands on oil

India and China are working closely on common trade concerns, including cooperation in buying oil and gas, against the backdrop of a US squeeze through tariffs and sanctions on Iranian oil imports, officials with direct knowledge of the matter said.

India could cut US shale import to offset Iran loss

India could cut US shale import to offset Iran loss

India is becoming increasingly uncomfortable with the idea of buying more American shale oil, which the US has been pushing to counterbalance the impact of sanctions on Iranian oil exports, officials with direct knowledge of the matter said on condition of anonymity.