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OIL PURCHASES FROM RUSSIA
India’s Russian fossil fuel imports hit record €6.4 billion in October: CREAIndia was the world’s second-largest buyer of Russian fossil fuels in October, with purchases hitting a record €6.4 billion, according to C...- ASEAN to launch joint oil product stockpiling scheme as early as 2027, Nikkei reportsIn a move to bolster regional energy security, ASEAN nations plan to roll out a collective oil stockpiling project by 2027. This initiative...
- Oil prices drop more than $1 as hopes for Iran, Ukraine peace talks pressure marketsOil prices dropped more than $1 on Thursday as hopes for progress in peace talks over the Middle East and the Russia-Ukraine wars pressured...
- Wheat hits lowest since June ahead of Black Sea peace talksThe conflict has damaged ports amid escalating strikes in the Black Sea region, and disrupted exports of wheat from Russia and Ukraine, two...
- Tanker carrying Russian diesel halts off US coast, shipping data showsPresident Donald Trump last month announced a surprise deal with Moscow to import diesel from Russia to help lower prices at the pumps ahea...
- Recent Ukrainian attacks have reduced Russia's oil processing capacity by 30%, sources sayUkraine's attacks on Russian oil refineries add to Moscow's difficulties in addressing domestic fuel shortages as it ships diesel to intern...
- PM Modi speaks to Ukraine President Zelenskyy, reiterates India's support for dialogue and diplomacy to end conflictPrime Minister Narendra Modi spoke with Ukrainian President Volodymyr Zelenskyy over the phone, during which they discussed the ongoing con...
- A day before US-brokered talks, Russia and Ukraine batter each other with long-range strikesRussia has targeted multiple electrical substations in Ukraine amid ongoing military actions. Ukrainian forces have hit a major oil refiner...
- IOC to buy crude, LPG ships as West Asia crisis exposes shipping risksThe move marks a potential shift in the company's shipping strategy, which has traditionally relied on a mix of time-charter and voyage-cha...
- IOC to buy crude, LPG ships as West Asia crisis exposes shipping risksIndian Oil Corporation aims to enhance control over its energy supply chain by acquiring crude oil carriers and LPG vessels. The company is...
- ONGC uses stuck Russian dividend dues for Sakhalin fund, seeks operatorship of Venezuela oilfieldsONGC has utilized funds from its Russian dividends to meet its obligations for the Sakhalin-1 abandonment fund. The company is negotiating ...
- Rupee falls 9 paise to 94.50 against US dollar in early tradeIn early trading on Friday, the rupee slipped by 9 paise to reach 94.50 against the US dollar, driven by a robust dollar and surging crude ...
- Trust market returns to secure oil: India owns stakes in oilfields from Russia to Abu Dhabi, but getting that crude home is another challengeIndia's overseas oil investments, particularly in Russian oilfields, have not guaranteed preferential access to crude during supply disrupt...
- US midterm outcome offers limited relief to India; oil, Russia sanctions remain key risks: ReportThe outcome of the US midterm elections is expected to offer only marginal relief to India. Crude oil prices and potential tariffs on Russi...
- India takes calm view of US midterm results, sees bipartisan support anchoring tiesIndia is observing the results of the recent US midterm elections with a sense of calmness and stability. The Democrat victory is seen as a...
- MRPL boosts delivered oil buying as Iran war raises shipping risksMangalore Refinery and Petrochemicals Ltd plans to increase crude oil purchases on a delivered basis. This strategy aims to reduce shipping...
- 'India is neither an ally or a superpower': Delhi Police file FIR against Prashant Bhushan for sharing a fake video of Russian Foreign Minister Sergey LavrovDelhi Police has taken action against advocate Prashant Bhushan by filing an FIR for sharing a deceptive video purportedly from Sergey Lavr...
- India's palm oil imports hit 14-month high, soyoil purchases set recordIn October, India experienced a surge in palm oil imports to 866,000 metric tons. Soyoil imports reached a record high of 653,000 tons, ref...
- Gold prices ahead of Dhanteras: Up 10% in a year, but is the worst of correction still ahead?Gold has outperformed the Nifty and Sensex since Dhanteras 2025, despite falling sharply from its January peak. With inflation concerns, Fe...
- India weighs new oil manoeuvre as old routes get jammedThe West Asia war has forced India to look at energy security through a new, different lens. The oil issue, for India, has now gone from be...
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