India Russian oil

NEW DELHI: India's oil imports from Russia rose to a fresh record high in April, further reducing the share of Middle Eastern and African grades to their lowest level in at least 22 years, data obtained from trade sources showed.Refiners in…

India bought a record amount of Russian oillast month, with the country importing a whopping 33 times more than a year earlier. The world’s third-biggest crude importer purchased an average of 1.2 million barrels a day from Russia in…

NEW DELHI: India has become one of the main outlets for Russian seaborne crude oil ever since its invasion of Ukraine in February. On Wednesday, a report by Reuters said that Russia has emerged as the top oil supplier for India for second…

The cap is supposed to take effect Monday, the same day the European Union will impose a boycott on most Russian oil — its crude that is shipped by sea. The EU was moving closer to a $60-per-barrel threshold, but negotiations…

The United States is happy for India to continue buying as much Russian oil as it wants, including at prices above a G7-imposed price cap mechanism, if it steers clear of Western insurance, finance and maritime services bound by the cap, US…

NEW DELHI: India will seek broader consensus before it supports US-led efforts to cap the price of Russian oil, which American officials are expected to push for this week when they travel to Mumbai and New Delhi. The South Asian nation,…

NEW DELHI: India is looking to double down on its Russian oil imports with state-owned refiners eager to take more heavily-discounted supplies from Rosneft PJSC as international players turn down dealings with Moscow over its invasion of…

NEW DELHI: India's decision to go ahead with purchase of discounted Russian oil has faced criticism, especially after sanctions imposed on Moscow by many countries. On Friday, external affairs minister S Jaishankar defended India's decision…

NEW DELHI: India will continue to buy "cheap oil" from Russia but has not finalised terms of the discount, a senior government official familiar with the matter said on Wednesday. "We will get cheap oil from Russia," the government official…

NEW DELHI: India has asked state-run energy companies to evaluate the possibility of buying European oil major BP's stake in sanctions-hit Russian firm Rosneft, two people familiar with the matter said. BP has announced it is abandoning its…