Russian oil

NEW DELHI: Indian imports of Russian crude are likely to decline on narrowing discounts and payment problems, forcing refiners to boost supplies from other sources, a senior government official told reporters on Monday.Russia has emerged as…

NEW DELHI: A top buyer of Russian oilis bracing for trading trouble as the price of Urals, the country’s main export grade, breaks through a $60-a-barrel cap set by Western nations to curb Moscow’s revenue.India and China have been the two…

Last Updated: June 17, 2023, 00:40 ISTNew York, United States of America (USA)Oil has gained this week on hopes of growing Chinese demand. China's refinery throughput rose in May to its second-highest total on record. (Image: Reuters…

<!-- -->India has increased oil purchases from Russia to close to 2 million barrels per day.New Delhi: India and China, the world's top oil users, continued to lap up heavily discounted Russian crude oil, buying as much as 80 per cent…

India's import of Russian oil has reached unprecedented levels, surpassing the combined oil purchases from Saudi Arabia, Iraq, the UAE, and the US. India imported 1.96 million barrels per day from Russia in May alone, marking a 15 percent…

India has emerged as one of the top buyers of Russian oil after Moscow invaded Ukraine. Historically allies, the two countries are settling a greater share of the trade in national currencies after Russia was cut off from the US…

Last Updated: May 30, 2023, 01:36 ISTNew York, United States of America (USA)Trade was expected to remain subdued on Monday because of UK and U.S. public holidays. (Image: Reuters File)Brent crude futures settled up 12 cents, or 0.2%, to…

LONDON/NEW DELHI: Lloyd's Register has told India's Gatik Ship Management, which has become a major carrier of Russian oilsince the Ukraine war, that it will withdraw certification of 21 of its vessels by June 3, the maritime services…

Veteran oil industry analyst Paul Sankey has sounded the alarm on the rising Russian oil exports to Asia and its threat to Saudi Arabia's dominance in the global oil market. In a recent interview with Bloomberg TV, Sankey pointed out that…

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…