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INDIA SECOND BIGGEST BUYER OF RUSSIAN OIL
Ukraine unleashes one of its heaviest drone bombardments of RussiaUkraine unleashed a massive drone assault across a dozen Russian regions and Crimea, reportedly targeting oil facilities and naval vessels....- Indian refiners unlikely to rush for Iranian oil despite temporary US sanctions waiver, says analystIndian refiners are unlikely to sharply raise purchases of Iranian crude despite a 60-day US sanctions waiver, as uncertainty over its dura...
- Middlemen offer Iranian oil to Indian refiners after US waiver, traders sayMiddlemen and Iran's state oil company are offering discounted Iranian crude to Indian refiners after the US granted a 60-day sanctions wai...
- Cheaper crude and Strait of Hormuz reopening boost outlook for Indian refinersBenchmark Brent fell to around $72 a barrel Thursday, down from an average of $99 in first week of June and $109 during the three months ti...
- What makes Toyota a low-risk bet in the pre-owned SUV segment?Indian buyers are increasingly opting for pre-owned SUVs, with the Toyota Fortuner emerging as a top choice for its exceptional durability ...
- China state refiners considering resuming Iran oil imports, sources sayChina's major state-owned refiners, Sinopec and PetroChina, are exploring a return to purchasing Iranian oil after a U.S. waiver, marking a...
- Sensex jumps over 700 points, Nifty rises above 24,200 as oil prices cool below $73 per barrelOn Thursday, Indian stock markets experienced a remarkable surge, with both Sensex and Nifty seeing significant gains as oil prices fell be...
- India bonds gain, swap rates fall on dovish RBI comments, oil slideIndian government bonds enjoyed a remarkable climb on Wednesday, highlighted by the 10-year yield experiencing its most significant drop in...
- India-bound oil supertanker booked in Gulf at 897% of benchmark freight rateA supertanker has been provisionally booked to ship oil from the Persian Gulf to India at a staggering rate, nearly nine times the benchmar...
- Moscow reopens airports, shoots down nearly 60 dronesMoscow thwarted a massive drone assault overnight, with nearly 60 unmanned aerial vehicles intercepted en route to the capital, leading to ...
- Beyond West Asia conflict: India's oil imports back on track, boosted by record Russian shipmentsIndia’s crude oil imports have returned to normal levels in June, recovering after earlier disruptions caused by geopolitical tensions and ...
- Indian refiners increase Russian and UAE oil imports ahead of Hormuz recoveryIndia's crude oil imports hit a milestone in June, as Russia emerged as the primary supplier, followed closely by the UAE's near-record imp...
- India, Russia prevented global economy from collapsing: IMEMO chiefRussia and India have forged a new global economic model, preventing global collapse and aiding the Global South with affordable resources....
- Indian refiners sitting on enough crude, in no rush to resume purchases from West AsiaIndia's state-run refiners have secured enough crude for two months. They are not rushing to buy from the Middle East even if the Strait of...
- Black rain in Moscow after Ukrainian drone strike damages oil refinery, Zelenskyy says if Ukraine burns so will MoscowUkraine launched a massive drone attack on Russia, hitting a refinery in Moscow. Residents reported black residue falling from the sky. Aut...
- US quietly allows waiver on Russian oil to expireAmerica's Treasury has not extended sanctions waivers on Russian oil. This waiver expired at midnight. President Trump has not confirmed if...
- Ukrainian attacks push Russian oil output 10% below target in May, IEA saysRecent Ukrainian assaults on Russian oil installations are severely curtailing production levels. Last month saw a notable decline in crude...
- Moscow oil refinery damaged in Ukrainian drone attack: Moscow Mayor Sergei SobyaninA Ukrainian drone struck a Gazpromneft oil refinery near Moscow. The facility sustained damage. No casualties were reported. Emergency serv...
- India's Russian oil imports rise in May as refiners boost purchasesIndia continued its strong demand for Russian fossil fuels in May. The nation emerged as the second-largest buyer globally, importing hydro...
- US 'specifically' asked India to buy Russian oil in 2022, says EAM JaishankarIndia's External Affairs Minister S. Jaishankar stated India purchased Russian oil after the Ukraine war began in 2022. He explained the oi...
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