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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
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 …
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
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
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
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
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
1 min read
Russian oil smashes through the G7 price cap as crude exports in July hit the highest level of 2023
Revenue from oil exports hit an eight-month high for Russia in July, with the warring nation sellin…
Phil Rosen
1 min read
China halts some Russian crude purchases as looming oil price cap leaves buyers looking for a bigger discount
Cargoes of Russian ESPO crude remain unsold as Chinese buyers are waiting to see if they can get ch…
Phil Rosen
1 min read
Discounts on Russian crude oil are shrinking as Moscow regains pricing leverage in a tight energy market
Prices for oil from Russia's Far East are now at parity with Dubai crude after previously trading a…
Brian Evans
1 min read
Russian oil has been selling for 32% less than Brent crude, and the discount could continue widening amid new sanctions
Russia's Finance Ministry said a barrel of Urals, the country's primary export blend, sold for $73.…
Brian Evans
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
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
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…
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
2 mins read
Oil shippers are hiding Russian cargoes by paying in Chinese yuan, exchanging weapons for crude, and 'going dark'
Carriers can easily mask the origins of Russian oil shipped to sanctions-averse buyers, sparking co…
Zahra Tayeb
2 mins read
Oil shippers are hiding Russian cargoes by paying in Chinese yuan, exchanging weapons for crude, and 'going dark'
Carriers can easily mask the origins of Russian oil shipped to sanctions-averse buyers, sparking co…
Zahra Tayeb
3 mins read
Oil markets are heading for an 'insanely difficult' summer, with Russian production plunging under EU sanctions
Oil prices look set to soar even higher, as markets factor in a slump of 1 to 2 million barrels per…
Harry Robertson
2 mins read
Russian oil products are heading to the crude-rich Persian Gulf as the UAE and Saudi Arabia take advantage of cheap barrels
Gulf nations are using discounted Russian barrels in their own countries while they continue to exp…
Phil Rosen
1 min read
China is now importing more Russian oil than ever before - and Europe has almost entirely stopped buying crude from Moscow
China's crude imports from Russia hit an all-time high of 2.29 million barrels per day in May, up 1…