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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
Crude oil market at the crossroads — S&P Global Commodity insights unveils in-depth 2024 energy outlook
According to S&P Global, against the backdrop of a turbulent global stage, characterized by economi…
ANI
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
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
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
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
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
1 min read
Putin praises Modi for his tough policies; says he is 'main guarantor' of steady Russia-India relationship
The Russian leader said he "cannot imagine that Modi could be frightened, intimidated or forced …
PTI
1 min read
5 million barrels of Russian oil on the way to India never arrived
It's unclear what prevented the crude deliveries from reaching India, but now the tankers are idlin…
Phil Rosen
1 min read
Winter winds are freezing Russia's crude oil shipments to China
Icy winds and freezing temperatures disrupted Russian oil flows from a key Pacific port, bringing a…
Aruni Soni
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
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
Demand for Russian crude oil picking up in India, China and Turkey: Report
Vessel tracking data suggest that the demand for Russian crude oil seems to be picking up, especial…
2 mins read
China and India are buying so much Russian oil that Moscow's now selling more crude than it was before invading Ukraine
India alone has gone from being a sporadic buyer of Russian crude to now relying on Russia to meet …
Phil Rosen
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
1 min read
Russian oil that usually goes to China is heading to India as competition for cheap crude ramps up
Four cargoes carrying Russian oil are en route for the east coast of India, where an Indian Oil Cor…
Phil Rosen
2 mins read
Ukrainian attacks on Russian oil refineries may be proving the Biden administration wrong, experts say
Defense Secretary Lloyd Austin said in April that attacking Russian oil refineries risked impacting…