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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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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 …

Business Insider Latest Story Image
2 mins read

China is on pace to buy a record amount of Russian oil this month

China is expected to import 1.7 million barrels of Russian crude a day, taking over Indian demand, …

Filip De Mott   


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1 min read

Indian refineries are completely refusing oil from a key Russian shipping giant

Indian refineries are rejecting oil cargo carried by Sovcomflot, a Russian tanker firm that's been …

Filip De Mott   


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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

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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2 mins read

India imported 420,000 fewer barrels of Russian oil a day in February amid tightening sanctions

Weaker crude exports caused Russia's monthly energy revenue to slide by nearly 1% from January, the…

Filip De Mott   


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3 mins read

India's oil import bill could swell to $101-104 billion in FY25: ICRA

As per ICRA's calculations, a $10/barrel uptick in the average crude oil price for this fis…

PTI   


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2 mins read

More Russian oil ships have been floating at sea with nowhere to go amid sanctions pressure

Four ships with at least 3 million barrels of Russian oil were floating with no apparent destinatio…

Jennifer Sor   


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1 min read

China's imports of Russian oil are on track to hit a record high as Beijing doubles down on steep discounts

Analysts expect nearly 43 million barrels of Russian crude will be delivered to China this month, a…

Zahra Tayeb   


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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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1 min read

Fuel made from Russian oil is being funneled to New York by Indian refiners that are snapping up discounted crude

India is one of Russia's top oil customers, and the nation has been funneling record amounts of fue…

Jennifer Sor   


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1 min read

Russian oil production has jumped 5% so far in June as China and India continue snapping up discounted barrels

Average daily oil production hit 1.46 million tonnes through the first 13 days of June, about 68,00…

Phil Rosen   


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1 min read

China's largest oil trader is hiring tankers to carry even more discounted Russian crude

China is escalating its efforts to import cheap Russian oil by sea, with ESPO crude trading at a si…

George Glover   


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1 min read

Spiking oil prices helped Russia energy-tax revenue double last month

The amount of tax that Russia collected on oil and gas rose by 90% on a year-over-year basis in Mar…

Filip De Mott   


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1 min read

China is buying Russian oil at a bigger discount using yuan as price cap looms, report says

The deals come ahead of the December 5 start date for a Russian oil price cap as well as the Europe…

Phil Rosen   


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5 mins read

State-owned oil stocks have more juice left in the barrel

Few stocks can claim to have juice left as markets hit staggering heights as 2023 bid goodbye. Publ…

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2 mins read

Russia is pulling in less oil profits even though it's shipping more crude as buyers in Asia get huge wartime discounts

Crude exports rose last week but total revenue fell by $9 million, or about 5%, due to a lower per-…

Phil Rosen   


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1 min read

Half of Russia's sanctioned oil tankers are now standing idle

Of the 50 tankers sanctioned by the US since October, 21 are now idle, no longer trading Russian cr…

Filip De Mott   


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1 min read

Indian oil refiners are using China's yuan instead of the US dollar to buy Russian crude

In June, Indian Oil was the first state refiner to purchase Russian crude using the yuan, sources t…

Filip De Mott