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RUSSIAN CRUDE DISCOUNT
India's June crude imports hit record high as Russian supplies surge despite West Asia tensionsIndia's crude oil imports hit a record 4.93 million barrels per day in June, bolstered by substantial purchases from Russia, which solidifi...- India's Russian oil imports to hit record high in June, data showsIndia's Russian oil imports hit an all-time high in June, reaching approximately 2.70 million barrels per day. This surge is attributed to ...
- 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...
- 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...
- 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...
- Oil prices to ease after US-Iran deal, but return to pre-war levels could take months: AnalystsEnergy markets anticipate price moderation for crude oil and liquefied natural gas. A potential US-Iran peace agreement and the reopening o...
- 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...
- Refiners adjust to new crude mix as Hormuz crisis tightens supplyThe conflict has disrupted crude supplies from some of India's biggest suppliers, compelling refiners to process unfamiliar crude grades, s...
- Fuel Price Today, May 23, 2026: What is the petrol, diesel & CNG price in Delhi, Mumbai, Kolkata & Chennai after latest hike?Fuel prices in India have seen another hike, with petrol and diesel rates increasing by Rs 0.87 and Rs 0.91 per litre respectively. This ma...
- Fuel austerity clouds demand outlook; India's annual product growth forecast cut 40%India's fuel demand growth will slow significantly in late 2026. Government conservation efforts, rising oil prices, and a weaker rupee are...
- Petrol, diesel prices hiked for third time in eight days on rising crude oil costsFuel prices in India have seen another increase, with petrol and diesel rates rising by approximately Rs 0.87 and Rs 0.91 per litre respect...
- Bharat Petroleum reviewing oil imports daily, spot buying more amid Iran war, chairman saysIndia's Bharat Petroleum is increasing spot crude purchases due to Middle East supply disruptions from the U.S.-Iran conflict, impacting it...
- India buying Russian oil irrespective of US sanctions waivers, Indian official saysIndia has consistently purchased Russian oil, irrespective of U.S. sanctions waivers, according to a petroleum ministry official. The decis...
- Petrol, Diesel prices increased by 90 paise per litre after 3-rupee hike. Check fuel rates in Delhi, Mumbai, Kolkata and other citiesPetrol, Diesel prices today: Fuel prices have seen another surge, with petrol and diesel rates increasing by approximately 90 paise per lit...
- India can ride out disruption after Russian oil waiver lapsesIndia's oil refiners are prepared for changes in Russian crude supply. Weaker domestic demand and available oil from the US and Middle East...
- 'Russian oil supplies to India have increased': Lavrov hails surging energy ties with New Delhi amid global pressuresHe accused the US of seeking to "dominate global energy markets" and sideline Russian firms. Amid West Asia tensions, Lavrov highlighted th...
- India asks US for Russian waiver extension as Iran war drags onIndia has requested the United States to extend its waiver on Russian oil imports. This comes as the ongoing conflict in the Persian Gulf i...
- India may get a crude hit from Trump's curbs on Russian & Iranian oil buying freedomThe United States has ended sanctions waivers that allowed countries, including India, to buy Russian and Iranian oil without penalties, a ...
- Ukraine strikes on Russian oil ports put India’s refining lifeline at risk, IEA warnsUkraine’s drone strikes on key Russian oil ports — Primorsk, Ust-Luga and Novorossiysk — are threatening India’s crude supply chain, with t...
- Russian oil: PSUs to tank up, eye bigger discountsState refiners have bought more than 15 million barrels of Russian crude from traders as well as Russian firms since the outbreak of war, p...
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