Some stranded Russian Sokol oil cargoes begin to move to China, India - dataTankers carrying Russian Sokol oil, stranded due to payment problems and Western sanctions, have started moving towards China and India. So...
19 Feb, 2024, 10.45 PM IST
India dials Saudi as Russian oil purchases hit 11-month low in DecemberIn December, India increased its imports of Saudi oil while facing payment issues, leading to a decline in its purchases of Russian oil to ...
02 Jan, 2024, 04.47 PM IST
India confirms buying oil from Venezuela after 3 years and US' leewayIndia plans to buy Venezuelan oil due to its refiners' ability to process heavy crude oil. Reliance Industries, Indian Oil Corp, and HPCL-M...
15 Dec, 2023, 01.11 PM IST
Bharat Petroleum may join Reliance, IOCL to secure oil from VenezuelaBharat Petroleum Corp (BPCL) is looking at buying Venezuelan oil., said BPCL's refinery head Sanjay Khanna. However, he said that these imp...
13 Dec, 2023, 01.16 PM IST
Oil heads for seven-week decline for first time in five yearsBoth benchmarks slid to their lowest since late June in the previous session, a sign that many traders believe the market is oversupplied. ...
08 Dec, 2023, 09.36 PM IST
India's fuel demand slips in November from four-month peakTotal consumption in November, a proxy for oil demand, fell by 2.8% to 18.72 million tonnes from 19.26 million tonnes in October, the data ...
07 Dec, 2023, 05.58 PM IST
India shows some reliance on Venezuelan oil after 3-year hiatus as US sanctions easeIndia plans to resume importing Venezuelan oil after a three-year pause, seizing the opportunity presented by eased US sanctions on the Sou...
01 Dec, 2023, 03.59 PM IST
India's oil imports from Russia rebound in November: DataIndia's Russian oil imports rebounded in November after several plants came back online from planned maintenance and as fuel consumption ro...
30 Nov, 2023, 03.18 PM IST
India's oil imports from Russia fall in OctoberIndia's imports of Russian oil eased in October as global oil prices rose, narrowing the discounts that had made Russian oil attractive. Pr...
31 Oct, 2023, 04.53 PM IST
Soon optimism on Chinese revival will subside, $80 will be normal price for crude: Viktor Katona"Historically, September and October have been the months when there is a seasonal downturn in overall demand. And we have a price rally ju...
05 Sep, 2023, 09.52 AM IST
India’s oil imports from Russia plunge to lowest in seven monthsIndia’s appetite for cheap Russian oil took a breather in August as monsoon rains dampened demand and refiners scheduled routine maintenanc...
31 Aug, 2023, 03.33 PM IST
Where are crude prices headed in the next few months? Viktor Katona answersSo basically, we need to enjoy the period of high prices right now, cognisant of the fact that there will be headwinds coming up.
02 Aug, 2023, 09.28 AM IST
Pakistan's imports of Russian crude face port, refinery, currency constraintsPakistan is struggling to achieve its target of having two-thirds of its crude oil imports come from Russia, due to constraints such as a s...
31 Jul, 2023, 04.03 PM IST
India's Russian oil imports climb to new peak as limit nearsDaily volumes climbed to 2.2 million barrels a day in June, rising for a 10th month, according to Viktor Katona, the head of crude analysis...
03 Jul, 2023, 08.33 AM IST
Confusion reigns supreme in the world of crude oil markets: Viktor KatonaSo yes, not good for oil markets. Very un-transparent, just too many moving objects and it is very difficult to understand what is going on...
27 Jun, 2023, 09.18 AM IST
Russian oil is still powering Europe’s cars with help of IndiaIndia is on track to become Europe’s largest supplier of refined fuels this month while simultaneously buying record amounts of Russian cru...
28 Apr, 2023, 01.34 PM IST
India's February fuel demand hits at least 24 year highConsumption of fuel, a proxy for oil demand, rose by more than 5% to 4.82 million barrels per day (18.5 million tonnes) in February, its 15...
10 Mar, 2023, 07.09 AM IST