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NDTV Explainer: How Joe Biden's Russian Oil Sanctions Can Impact India
Indian and Chinese refiners are in a quest to find new suppliers of crude as they adapt to fresh US sanctions on Russian producers and tankers that are designed to curb the revenues of the world's second-largest oil exporter.
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Indian Refiners Buy More US Crude Amid Tighter Russia Sanctions
More than 250,000 barrels per day of US crude is set to arrive in India next month, the highest in more than a year, ship tracking data showed, amid tighter enforcement of sanctions on Russian crude.
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Here's How Rupee At All-Time Low Will Hit Travel, Education & Imports
The Indian rupee nearing 80 to a US dollar will make imports of items from crude oil to electronic goods, overseas education and foreign travel costlier while raising fears that the inflation situation could worsen.
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India Soaks Up Every Major Russian Oil Variety as Flows Persist: Report
India is doubling down on Russian crude oil purchases despite warnings from the US, snapping up every major grade from the OPEC+ producer as its war in Ukraine nears a third month.
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5 Key Oil Price Moves Since Start Of Ukraine War
Western sanctions, including US' oil import embargo, on Russia in retaliation to its invasion of Ukraine, has whiplashed crude oil markets. That was reflected in the oil price moves since Russia's invasion of Ukraine on February 24.
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Which Countries Are Still Buying Russian Oil?
There is a raging debate on whether India shouldbuy Russian oil or not, after Western sanctions, including the US' oil embargo ban, on Moscowin retaliation to its invasion of Ukraine, which is the most significant attack on a European state since World War Two. Let's look at which countries are still buying Russian crude oil.
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India's Oil Imports From US To Increase By 11%; Amid Criticism For Russia Purchases: Report
India's oil imports from the United States will rise by 11 per cent this year, officials said on Saturday, as the severely energy-deficient country looks to secure supplies from producers worldwide, including heavily sanctioned Russia.
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"Allies Not In A Position To Join Us": US Official On Banning Russian Oil
The United States administration has said that it consulted its European allies before banning the import of Russian oil and gas while stressing that it recognizes not all of its partners were in a position to follow suit.
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"Putin's War Hurting American Families," Says Joe Biden, Imposes New Ban
Russia's war against Ukraine has hurt American families with gas prices shooting up and it is going to rise further, US President Joe Biden said after announcing a ban on the import of Russian oil and gas.
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Oil Soars Above $130 To Highest Since 2008
Oil prices soared above $130, their highest since 2008 on Monday, after a US and European ban on Russian oil imports risk and delays in Iranian talks.
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Sensex, Nifty Slip As Oil Jumps After US Air Strikes In Middle East
Brent crude futures jumped to their highest since September 17 and were last up 2.88 per cent at $68.16 a barrel. The rupee weakened by 0.26 per cent to 71.5525 against the dollar. India, the world's third-biggest oil consumer, imports about 80 per cent of its oil needs, making it highly susceptible to crude price swings.
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On Iranian Oil Import, A US Warning To India, China
Any efforts to import Iranian crude oil beyond the accepted levels negotiated from November to May will be sanctioned, the US has warned, amidst reports that India and China were seeking ways to buy oil from Tehran.
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India Hopes US Will Allow Allies To Buy Some Iranian Oil: Report
The United States is expected to announce on Monday that buyers of Iranian oil need to end imports soon or face sanctions.
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Engaged With US On Import Of Iranian Oil: India
As the US waiver on import of Iranian crude oil expires next month, India Thursday said it was engaged with the Trump administration on the issue.
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Rupee Moves Lower To End At 68.88 Against Dollar: 10 Things To Know
The rupee weakened marginally by 2 paise to close at 68.88 against the dollar on Wednesday, reported news agency Press Trust of India (PTI). Increased demand for the US currency from importers weighed on the rupee, traders were quoted as saying in the PTI report. However, sustained foreign fund inflows and easing crude oil prices cushioned the fall...
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NDTV Explainer: How Joe Biden's Russian Oil Sanctions Can Impact India
Indian and Chinese refiners are in a quest to find new suppliers of crude as they adapt to fresh US sanctions on Russian producers and tankers that are designed to curb the revenues of the world's second-largest oil exporter.
-
Indian Refiners Buy More US Crude Amid Tighter Russia Sanctions
More than 250,000 barrels per day of US crude is set to arrive in India next month, the highest in more than a year, ship tracking data showed, amid tighter enforcement of sanctions on Russian crude.
-
Here's How Rupee At All-Time Low Will Hit Travel, Education & Imports
The Indian rupee nearing 80 to a US dollar will make imports of items from crude oil to electronic goods, overseas education and foreign travel costlier while raising fears that the inflation situation could worsen.
-
India Soaks Up Every Major Russian Oil Variety as Flows Persist: Report
India is doubling down on Russian crude oil purchases despite warnings from the US, snapping up every major grade from the OPEC+ producer as its war in Ukraine nears a third month.
-
5 Key Oil Price Moves Since Start Of Ukraine War
Western sanctions, including US' oil import embargo, on Russia in retaliation to its invasion of Ukraine, has whiplashed crude oil markets. That was reflected in the oil price moves since Russia's invasion of Ukraine on February 24.
-
Which Countries Are Still Buying Russian Oil?
There is a raging debate on whether India shouldbuy Russian oil or not, after Western sanctions, including the US' oil embargo ban, on Moscowin retaliation to its invasion of Ukraine, which is the most significant attack on a European state since World War Two. Let's look at which countries are still buying Russian crude oil.
-
India's Oil Imports From US To Increase By 11%; Amid Criticism For Russia Purchases: Report
India's oil imports from the United States will rise by 11 per cent this year, officials said on Saturday, as the severely energy-deficient country looks to secure supplies from producers worldwide, including heavily sanctioned Russia.
-
"Allies Not In A Position To Join Us": US Official On Banning Russian Oil
The United States administration has said that it consulted its European allies before banning the import of Russian oil and gas while stressing that it recognizes not all of its partners were in a position to follow suit.
-
"Putin's War Hurting American Families," Says Joe Biden, Imposes New Ban
Russia's war against Ukraine has hurt American families with gas prices shooting up and it is going to rise further, US President Joe Biden said after announcing a ban on the import of Russian oil and gas.
-
Oil Soars Above $130 To Highest Since 2008
Oil prices soared above $130, their highest since 2008 on Monday, after a US and European ban on Russian oil imports risk and delays in Iranian talks.
-
Sensex, Nifty Slip As Oil Jumps After US Air Strikes In Middle East
Brent crude futures jumped to their highest since September 17 and were last up 2.88 per cent at $68.16 a barrel. The rupee weakened by 0.26 per cent to 71.5525 against the dollar. India, the world's third-biggest oil consumer, imports about 80 per cent of its oil needs, making it highly susceptible to crude price swings.
-
On Iranian Oil Import, A US Warning To India, China
Any efforts to import Iranian crude oil beyond the accepted levels negotiated from November to May will be sanctioned, the US has warned, amidst reports that India and China were seeking ways to buy oil from Tehran.
-
India Hopes US Will Allow Allies To Buy Some Iranian Oil: Report
The United States is expected to announce on Monday that buyers of Iranian oil need to end imports soon or face sanctions.
-
Engaged With US On Import Of Iranian Oil: India
As the US waiver on import of Iranian crude oil expires next month, India Thursday said it was engaged with the Trump administration on the issue.
-
Rupee Moves Lower To End At 68.88 Against Dollar: 10 Things To Know
The rupee weakened marginally by 2 paise to close at 68.88 against the dollar on Wednesday, reported news agency Press Trust of India (PTI). Increased demand for the US currency from importers weighed on the rupee, traders were quoted as saying in the PTI report. However, sustained foreign fund inflows and easing crude oil prices cushioned the fall...
