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
India could cut fuel import bill by $3 billion by switching to Venezuelan crude: SBI ReportIndia could save up to $3 billion annually on its crude oil import bill by shifting some sourcing from Russia to Venezuelan heavy crude. A ...
04 Feb, 2026, 08.48 AM IST
India's Russian oil import rebound in Oct after dip in previous quarterIndia's crude oil imports from Russia rebounded in early October after a three-month decline, driven by renewed discounts and refinery dema...
17 Oct, 2025, 01.52 PM IST
Indian Oil, BPCL resume buying Russian oil for September as discounts widen, sources sayIndian Oil and Bharat Petroleum are buying Russian Urals crude again. The refiners stopped buying in July. Now, they are resuming purchases...
20 Aug, 2025, 01.32 PM IST
India's import of Russian oil drops in November on shrinking discountsIndia's November imports of Russian crude oil plummeted to their lowest point since June 2022, despite Russia remaining India's primary sup...
15 Dec, 2024, 12.04 PM IST
Russian crude oil share in imports dips to 25% in JanuaryRussian oil's share in India's crude imports dropped to 25% in Jan from 31% in Dec due to narrower price discounts, US sanctions impacting ...
03 Feb, 2024, 07.52 AM IST
Indian refiners opt for cheaper Urals crude as Russian grades get expensiveIn October, Indian refiners increased their demand for cheaper Urals crude from Russia while reducing imports of more expensive Russian gra...
02 Nov, 2023, 12.37 AM IST
India continues as top buyer of Russian Urals oil in August despite price hikesRussia's high dependence on India as its main oil buyer is a rising concern for its oil companies this month, as an expected rise in loadin...
05 Sep, 2023, 08.12 PM IST
India's Russian oil imports fall to 7-month low, Saudi jumps - trade flowsIndia's imports of Russian oil in August fell to a seven-month low due to lower discounts and planned maintenance outages. However, oil imp...
31 Aug, 2023, 07.30 PM IST
Indian refiner HPCL meets up to 23% of oil need with Russian gradesIndian refiners, which rarely used to buy Russian oil, have been snapping up discounted barrels after many Western countries shunned purcha...
25 Aug, 2023, 04.44 PM IST
Pakistan suspends imports of Russian crude on “technical grounds”ET had reported in July that Pakistan's plan to import future shipments of Russian crude oil under a government-to-government (G2G) mechani...
14 Aug, 2023, 06.33 AM IST
Low discount? No problem. India has no plans to stop binging on Russian oilIndia’s consumption of Russian crude has soared since last year, with the country becoming a leading supplier, ousting Saudi Arabia and Ira...
11 Aug, 2023, 10.15 AM IST
BPCL still in talks for Russian oil deal, discounts narrowBharat Petroleum Corp is continuing discussions with Russia’s Rosneft to buy oil under a term deal. The refiner’s head of finance said disc...
27 Jul, 2023, 02.07 PM IST
Why Indian state refiners may shift away from Russian oilCurrently, Russian oil comprises 40 per cent of India’s crude imports and according to industry executives it won’t be easy to replace it s...
19 Jul, 2023, 10.41 AM IST
India's Russian oil binge may slow on lower discounts, payment woes: SourceIndian imports of Russian crude are likely to decline on narrowing discounts and payment problems, forcing refiners to boost supplies from ...
17 Jul, 2023, 09.54 PM IST
Indian crude basket yet to factor in discounted Russian buysThe Indian basket of crude oil, which represents the cost of the country’s crude imports, has yet to include discounted Russian oil floodin...
12 Apr, 2023, 07.37 AM IST
IndianOil excludes Russian oil from crude basket in its tenderIndia's top refiner informed market participants that Das, Eugene Island, Thunder Horse and Urals crude were no longer on the list of grade...
13 Apr, 2022, 12.43 AM IST