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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
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 …
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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…
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
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
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…