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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
3 mins read
India to release 5 million barrels of crude oil from strategic reserves on US request
This is the first time ever that India, which stores 5.33 million tonnes or about 38 million bar…
PTI
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
3 mins read
Goldman Sachs sees India current account deficit falling to 1% of GDP this fiscal
Stating that the country's external balances are stronger than expected on the back of strong inflo…
PTI
2 mins read
India's manufacturing sector growth falls to 18-month low in December on softer rise in orders, output
India's manufacturing sector growth fell to an 18-month low in December amid softer increase in fac…
PTI
1 min read
Russian crude exports to Asia are falling to their lowest levels since March
India and China have been big importers of Russian crude. Data from Bloomberg shows that flows to A…
Brian Evans
2 mins read
Russian oil export revenues jumped in May to pre-war level of $20 billion as prices surged, the IEA says
India has massively stepped up its purchases of Russian oil, helping the country's export revenues …
Harry Robertson
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
3 mins read
Russia just slashed gas exports to Europe (again). Here's what to know.
The biggest story in markets today is Russia's Gazprom just cut gas flows to Europe again. This plu…
Phil Rosen
2 mins read
Rising exports to China surge domestic cotton yarn prices, says India Ratings and Research
"While yarn production was substantially lower on a YoY basis up to 8MFY21, exports increased …
2 mins read
Russia is sending record volumes of oil to Asia as it scrambles to export more crude before EU sanctions take effect
At this point, any ships loaded with Russian oil in the Baltics won't make it to China or India in …
Max Adams
4 mins read
RBI records its largest-ever current account surplus — but that’s not necessarily a good thing
More money in the bank is usually regarded as a positive sign to look forward to, but for the Reser…
3 mins read
Europe's ban on Russian oil cargoes is just weeks away. Here's what's happening – and how it will bedevil Moscow's exports elsewhere.
The forthcoming EU ban on Russian oil shipments will impact Moscow's energy exports in several ways…
Zahra Tayeb
2 mins read
Russia's deep oil discounts drove revenue down $700 million last month even as its exports jumped, the IEA says
Russia's oil output will likely take a hit by 1.4 million barrels per day and global crude prices w…
Zahra Tayeb
1 min read
Russian seaborne oil exports fall to their lowest level in a year as discounts become less attractive for Asian customers
In the first two weeks of September, exports totaled 3.03 million barrels per day, a drop of around…
Jennifer Sor
2 mins read
Services sector activity in India hits 7-month low in Oct on softer increase in output, new business
The services sector growth in India fell to a seven-month low in October on softer increase in outp…
PTI
1 min read
Russian oil exports fall to their lowest level in a year as Moscow leans more on Asian buyers ahead of price cap plans
Russian oil exports have fallen to their lowest level in a year, with 290,000 fewer barrels per day…
Jennifer Sor
1 min read
Russia's revenue from crude oil exports just hit its lowest point since Vladimir Putin launched his war on Ukraine
EU sanctions on Russian oil don't kick in for another six weeks, but export data suggests they're a…
Phil Rosen
1 min read
Russian oil exports to Europe hit 4-month high as embargo looms while demand from Asia continues to drop
Oil flows hit 3.41 million barrels per day for the tracking period ending August 19, the highest si…
Brian Evans
1 min read
Russian oil exports to Asia have fallen by more than 500,000 barrels a day to a 5-month low
Russian crude flows to Asia continue to slide. Bloomberg data shows that Russian seaborne oil expor…