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RUSSIAN CRUDE DISCOUNT
Lindsey Graham may be dead, but his ‘bunker-buster’ looms over IndiaSenator Graham's Russia Sanctions Bill remains a significant concern for India's energy security. This legislation targets countries purcha...13 Jul, 2026, 10.32 PM IST- In reverse flow, India now supplies petrol to energy powerhouse RussiaIndia's petrol is navigating its way to Russia via international traders rather than through direct sales channels. The damage to Russia's ...11 Jul, 2026, 02.55 PM IST
- Why Hormuz windfall may prove short-lived for oil refinersGlobal refining margins have hit record highs, greatly benefiting producers. Yet, while fuel prices remain elevated due to tight inventorie...08 Jul, 2026, 12.15 PM IST
- Indian state refiners ready for Iran oil if US extends waiversIndian refiners are exploring Iranian crude purchases if US waivers extend beyond August. They have fully contracted shipments through Augu...07 Jul, 2026, 04.11 PM IST
- 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...01 Jul, 2026, 01.46 PM IST
- 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 ...30 Jun, 2026, 03.50 PM IST
- 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...26 Jun, 2026, 04.55 PM IST
- 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...21 Jun, 2026, 11.46 AM IST
- 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...19 Jun, 2026, 10.37 AM IST
- 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...16 Jun, 2026, 04.31 PM IST
- 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...14 Jun, 2026, 07.30 AM IST
- 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...31 May, 2026, 11.45 PM IST
- 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...24 May, 2026, 11.18 AM IST
- 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...23 May, 2026, 09.27 AM IST
- 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...19 May, 2026, 09.41 PM IST
- 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...19 May, 2026, 07.01 PM IST
- 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...18 May, 2026, 02.10 PM IST
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