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ESPO BLEND
China's Russian oil imports to hit new record in February as India cuts backChina's Russian oil imports are set to reach a new record high in February, surpassing January's figures. Independent refiners are increasi...16 Feb, 2026, 03.22 PM IST- Tax breaks help Russian oil exporters stay afloat as discounts deepenRussian oil exports face steep discounts, nearing record levels. This pressure on exporters' profits is driven by weak global oil prices an...30 Dec, 2025, 06.42 PM IST
- Russian oil discounts said to widen as Indian and Chinese refiners cut purchasesRussian oil faces significant price drops in Asia. Major Indian and Chinese buyers are cutting back on purchases. This follows new United S...06 Nov, 2025, 10.22 PM IST
- Sellers cancel deals with Chinese oil refiner Yulong after UK sanctions, sources sayChina's Yulong Petrochemical faces cancelled oil deals from major suppliers like Saudi Aramco and TotalEnergies following UK sanctions. Thi...23 Oct, 2025, 01.36 PM IST
- Oil prices extend losses on oversupply, US demand concernsOil prices dipped on Friday, extending losses from the previous session due to concerns about weakening U.S. demand and ample global supply...12 Sep, 2025, 07.27 AM IST
- India's Russian oil imports hit 10-month high on strong demand for ESPO crudeIndia's Russian crude oil imports are set to reach a 10-month high in May, nearing 1.8 million barrels per day, driven by increased demand ...21 May, 2025, 03.14 PM IST
- Oil slides nearly 4% as US kicks off 104% tariffs on ChinaOil prices plummeted to over four-year lows due to escalating U.S.-China trade tensions and rising supply. Brent crude fell to $60.69 a bar...09 Apr, 2025, 07.33 AM IST
- China state firms curb Russian oil imports on sanctions risks, sources sayChinese state oil companies are reducing or halting purchases of Russian oil to comply with recent U.S. sanctions on Moscow. While Sinopec ...14 Mar, 2025, 12.36 PM IST
- India surpasses China to become Russia's top oil buyer in JulyIn July, India surpassed China as the largest importer of Russian oil, with imports reaching a record 2.07 million barrels per day (bpd), o...22 Aug, 2024, 02.07 PM IST
- Reliance signs deal with Russia's Rosneft to purchase oil in roublesReliance Industries has signed a one-year deal with Russia's Rosneft to purchase at least 3 million barrels of oil monthly in roubles. This...28 May, 2024, 04.57 PM IST
- India Oil Imports: Saudi gain is Moscow's lossRussia supplied a record 1.64 million barrels per day (mbd) of crude to Indian refiners in March, higher than 1.58 mbd in February, Vortexa...04 Apr, 2023, 06.28 AM IST
- India may get Russia oil at below $60 per barrelMultiple government officials and industry executives said domestic refineries will continue to buy cheap Russian oil with no major shippin...14 Dec, 2022, 01.03 PM IST
- From Russia to Canada: How India is snapping up cheap crude oil, cutting dependence on Middle EastIndia has emerged as Russia's second biggest oil buyer after China, taking advantage of discounted prices as some Western entities shun pur...29 Oct, 2022, 10.26 PM IST
- Russia has no extra oil to sign deals with two Indian buyers: SourcesIndian refiners have been snapping up cheap Russian oil, shunned by western companies and countries since sanctions were imposed against Mo...08 Jun, 2022, 08.09 PM IST
- China quietly increases purchases of low-priced Russian oilThe move by the world's biggest oil importer comes a month after it initially cut back on Russian supplies, for fear of appearing to openly...20 May, 2022, 01.10 PM IST
- Saudi holds top oil supplier to China in October: Customs dataSaudi oil arrivals totalled 7.1 million tonnes, or 1.67 million barrels per day (bpd), data from the General Administration of Customs show...21 Nov, 2021, 10.43 AM IST
- Indian refiners get rare oil cheap as Coronavirus chokes demand in ChinaBPCL will receive a million barrels each of Brazil's Sapinhoa and Mediterranean CPC blend in April.25 Feb, 2020, 05.14 PM IST
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