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OIL PURCHASES
PM Modi and Trump hold first telephonic talks since Russia sanctions law; discuss trade, defencePrime Minister Narendra Modi and US President Donald Trump have agreed to maintain close engagement to advance the India-US Comprehensive G...- Aramco Trading sells 10 million bbls Khafji crude to Asian refiners, sources sayAramco Trading concluded a tender for 10 million barrels of Khafji crude, attracting interest from Asian refiners. South Korea's GS Caltex ...
- India's sunflower oil imports seen up 30% on duty cut, industry official saysIndia’s sunflower oil imports are expected to jump 30% to 3.5 million tonnes in 2026-27 after the government cut the basic import duty on c...
- Explained: How the US controls Iraq's oil revenuesUS troops are set to leave their last bases in Iraq, but Washington will retain significant economic leverage through Iraq’s oil revenues, ...
- US strategic petroleum reserve falls to 44-year low: Why the oil stockpile is down to 283.8 million barrelsThe U.S. Strategic Petroleum Reserve has reached its lowest level since 1982 after sustained withdrawals. Crude oil stocks dropped to 283.8...
- Cheaper at pumps, costlier in bulk: Jio-bp, Nayara cap diesel sales; PSUs may follow: ReportJio-bp and Nayara Energy have capped diesel purchases at their petrol pumps as industrial and bulk buyers shift to cheaper retail fuel, wid...
- Ten-year bond yield hits 7.19%, highest in two yearsYields on the 10-year benchmark government bond have increased to their highest level since April 2024. The rise in yields follows a surge ...
- Refiners feel heat physical crude trades higher than futures pricesIndia’s oil refiners are paying significantly more for physical crude than the futures prices making headlines, as constrained Gulf supplie...
- In 1932, J. Paul Getty bought Tidewater oil shares for $2.50 each during the crash. 25 years later, Fortune named him the wealthiest American with a $700 million fortuneJ. Paul Getty bought Tide Water oil shares for just $2.12 in 1932, as the stock market was still reeling from the Great Depression. The Dow...
- India's Russian crude imports fall to five-month low as refiners diversify suppliesIndia's crude oil landscape shifted in September as imports from Russia plummeted to their lowest since April, prompting refiners to seek a...
- From Hormuz to Saudi to US sanctions, world feels the oil heatThe war in West Asia has caused significant disruptions to global oil supplies and prices. Saudi Arabia faces challenges with pipeline clos...
- Russian crude supplies enabled India to cushion against oil supply shocks caused by West Asian war: Deputy FMRussia has significantly increased oil supply to India in response to disruptions from the conflict in West Asia. Indian imports of Russian...
- Foreign secretary Vikram Misri flags tariff move in talks with US undersecretaryIndia's Foreign Secretary Vikram Misri conducted meetings in New York regarding several bilateral issues. He raised concerns about the pote...
- India left more exposed to Trump's 100% oil threat as China gets tariff breatherIndia could find itself more exposed to US tariff pressure over Russian oil after Washington and Beijing extended their Busan trade truce u...
- Jaishankar flags India’s concerns over US sanctions law in talks with RubioS Jaishankar reiterated India's concerns regarding the Sanctioning Russia and Iran Act in discussions with Marco Rubio. This legislation po...
- India’s Russian oil imports fall 16.5% in August as Middle East supplies riseIndia’s Russian oil imports fell 16.5% month-on-month to about 2.1 million bpd in August, while purchases from Iraq rose sharply and Saudi ...
- India’s oil buyers may cut Russia cargoes as US risk risesIndian refiners may reduce Russian crude imports amid new US sanctions. This move comes as the US legislation allows tariffs on countries b...
- India studying details of US tariffs on Russian oil buyers: Piyush GoyalIndia is examining details of potential US tariffs on Russian oil buyers, Piyush Goyal says. Washington is increasing pressure on nations s...
- "Energy sourcing based on national interest": MEA on purchase of Russian oilIndia's energy sourcing decisions prioritize national interest for its vast population. The nation continues to acquire energy from diversi...
- New US sanctions bill on Russia puts Modi in a bindIndia faces a difficult energy policy choice regarding Russian oil imports. Potential US tariffs threaten Indian exports and bilateral trad...
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