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3 mins read

India imported USD 2.8 bn worth of crude oil from Russia in July

India, the world's third largest oil consuming and importing nation, in July bought USD 2.8 billion…

PTI   


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2 mins read

India's exports to Kuwait surged by 34.78% Y-o-Y to USD 2.1 bn

India's trade with Kuwait has surged remarkably, with Indian exports to the Gulf nation reaching an…

ANI   


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Russia is still passing $2 billion worth of its oil products to the West via middlemen, think tank says

Western countries have bought billions of dollars worth of Russian oil from Turkish refiners, a stu…

Jennifer Sor   


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1 min read

US oil suppliers are getting a boost from Russian sanctions as India looks to buy more from them

India imported an estimated 7.6 million of US barrels in March, a significant increase from the 3 m…

Filip De Mott   


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1 min read

Russian oil exports drop to lowest in 7 months amid OPEC cuts and sanctions

Russian oil exports are down as the country moves to comply with OPEC production cuts and sanctions…

Kelly Cloonan   


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3 mins read

India imports $12.4 billion worth of crude from Russia but discounts are waning

India has been enjoying the discounted crude oil from Russia for over a year now. But the discount …

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2 mins read

Russia becomes biggest supplier of oil to China

China has ramped up purchases of Russian oil despite demand dampened by Covid curbs and a slow…

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3 mins read

India's Russian oil imports now double of Iraq

​​India's imports of crude oil from Russia touched a new high of 1.64 million barrels per day in Ma…

PTI   


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Russia is now China's biggest oil supplier, overtaking Saudi Arabia as Western demand for its crude has dropped

Imports of Russian oil to China have risen 55% over the past year, according to data from the Chine…

Grace Dean   


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1 min read

Russia overtook Iraq as the biggest oil supplier to India last month as price cap measure diverts crude flows

Russia overtook Iraq as the premier oil supplier to India in November, as preparation for the price…

Brian Evans   


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1 min read

Indian oil firms are reportedly backing away from long-term deals for Russian oil amid tough sanctions

The largest refiners in India had been in discussions with Rosneft to receive a third of the countr…

Yuheng Zhan   


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1 min read

India is buying the most US oil in almost a year as sanctions on Russian energy bite

Indian refiners see more WTI Midland crude oil being used in the country in coming months, sources …

Yuheng Zhan   


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1 min read

Europe's scramble for gas is depriving poorer nations from getting enough amid the energy crisis

"The European gas crisis is sucking the world dry of LNG," an energy analyst told the Wall Street J…

Phil Rosen   


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2 mins read

Oil could double to $250 this year because Russia's supply to Europe will plunge, top traders warn

"Wakey, wakey. We are not going back to normal business in a few months," a leading trader told the…

Harry Robertson   


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3 mins read

As Europe scrambles to ditch Russian oil, the US is shaping up to fill that gap, thanks to its ‘super suitable’ cheaper crude, Vortexa says

"The US will rank highly, that's natural, given its size, and its proximity and also the crude qual…

Hamza Fareed Malik   


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2 mins read

Iran is cutting its oil prices to compete with cheap Russian crude for Chinese buyers: report

Russian crude currently trades at a $20 a barrel discount, so Tehran is cutting prices to compete i…

George Glover   


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3 mins read

Oil will surge to $120 and stay high for more than a year as Russian supply dwindles, Morgan Stanley's commodities chief says

The world economy will be dealing with high oil prices for the foreseeable future, Morgan Stanley's…

Harry Robertson   


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2 mins read

Oil could soar 27% to $125 a barrel by May as the Russia-Ukraine conflict triggers a 'supply shock', Goldman Sachs says

The UK is pushing for Russia to be cut out of key payments network Swift, a move that could shake e…

Harry Robertson   


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2 mins read

Russian oil is traveling to Asia on tankers that used to carry sanctioned Iranian crude, as 'dark' trading expands

Russia, Iran and Venezuela - economies all struggling under US sanctions - are increasingly competi…

Harry Robertson   


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5 mins read

Decades of leaning on Russia forces Germany into a perilous decision: continue to buy Russian oil or risk economic catastrophe

Russia supplied 30% of Germany's energy needs last year. Germany needs to keep the lights on, but d…

Ben Winck