India's oil imports from Russia rebound in November: DataIndia's Russian oil imports rebounded in November after several plants came back online from planned maintenance and as fuel consumption ro...
India-bound ships with oil among millions stuck in jamThe result is that at least 20 carriers holding 18 million barrels of crude oil have been waiting for several days to pass through the Bosp...
Oil prices rebound after dropping to lowest in months on weak U.S. demandWhile the United States has asked the group to boost output, spare capacity is limited and Saudi Arabia may be reluctant to beef up product...
Oil prices extend losses as Shanghai lockdowns hit demand outlookOil prices extended losses on Monday amid persistent worries that prolonged COVID-19 lockdowns in Shanghai and potential U.S. rate hikes wo...
Oil futures climb as supply concerns lingerBrent futures were up about $1.06, or 0.9%, to $122.66 a barrel and U.S. West Texas Intermediate futures were up about 79 cents, or 0.7%, t...
State Bank of India stops handling trade with sanctioned Russian entities: Sources"No transactions involving entities, banks, ports or vessels appearing" on a U.S., European Union or United Nations sanctions list shall be...
Explained: How Russia-Ukraine conflict may impact India's economyIn a recent development, India's top lender SBI will not process any transactions involving Russian entities subject to international sanct...
India's IOC no longer accepts Russian, Kazakh crude on FOB basis: ReportThe letter was sent on Monday to traders who submit cargo offers into IOC's regular crude oil buy tenders.
Why the Black Sea matters to commodity marketsCrude and refined oil products from Russia, Azerbaijan and Kazakhstan pass through export terminals on the sea’s eastern edge. On the west ...
- BPCL buys first CPC Blend cargo
Bharat Petroleum Corporation Ltd (BPCL) has bought its first cargo of Kazakh ultra-light CPC Blend crude, as well as Nigerian and Abu Dhabi...