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LARGEST PURCHASERS OF RUSSIAN CRUDE
US Russia sanctions bill cuts India, China tariff threat from 500% to 100%US Senate unveiled a revised Russia sanctions bill with softened oil tariff penalties. Major buyers like India and China will face up to 10...- US Senators unveil sweeping Russia sanctions bill; name India among nations facing possible tariffsA bipartisan US Senate bill proposes sweeping sanctions against Russia's economy. This legislation could impose tariffs on countries buying...
- India refiners reap fuel export windfall as war drives shortagesIndia's oil-product shipments are projected to reach their highest level since September. Refiners are capitalizing on strong profit margin...
- 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...
- India's Russian crude imports hit record in Jun even as Moscow's oil revenues slipIndia's Russian crude oil imports reached a record high in June. This surge made India the second-largest buyer of Russian hydrocarbons glo...
- 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 ...
- Russia's diesel export ban deepens global supply crunchRussia's diesel export ban has significantly impacted global energy markets. This action exacerbated existing fuel shortages and drove pric...
- India bonds rise as softer oil; Treasury gains offset debt sale cautionIndian government bonds saw early gains on Friday, influenced by U.S. Treasury movements and reduced oil prices. Foreign investors continue...
- Russia's Saratov oil refinery at a halt since Wednesday's drone attack: Sources report to ReutersRussia's Saratov oil refinery stopped processing oil Wednesday after a drone attack. This incident follows similar Ukrainian strikes on Rus...
- India's crude imports remain resilient despite Strait of Hormuz tensionsIndia's crude oil imports are insulated from Hormuz Strait tensions currently. Refiners have successfully diversified their import portfoli...
- BPCL buys 1 million barrels of US crude via tender, sources sayBharat Petroleum Corporation has purchased one million barrels of US West Texas Intermediate crude oil. This significant purchase was made ...
- 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...
- 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...
- Indian Oil, HPCL buy 7 million barrels of crude via tenders, trade sources sayIndian refiners Indian Oil Corp and Hindustan Petroleum Corp have collectively secured approximately 7 million barrels of crude oil through...
- India eyes oil exploration expansion after Middle East war shortagesIn response to a critical energy supply crisis, India is ramping up its efforts in domestic crude exploration. The country, known for its r...
- Crude inventory nears 1-year high on stronger importsIndia's crude oil reserves have surged to a near one-year peak, reaching 104 million barrels by June's end. This rebound follows a signific...
- India refiner Nayara's gasoline sold to Russia via traders, sources sayIndian refiner Nayara Energy's gasoline is reportedly reaching Russia, which faces fuel shortages due to Ukrainian attacks. While Indian Oi...
- 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 plans to cut reliance on Middle East oil, tap spot market after war shockIndia's state refiners are pivoting away from Middle Eastern oil contracts following the Iran war's supply disruptions. They plan to boost ...
- 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 ...
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