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China, India Refiners Scour The World For Oil Amid US Sanctions On Russia
Chinese and Indian refiners are scouring the globe for supplies of crude as fresh US sanctions on Russian producers and tankers curb shipments to Moscow's top customers, traders said.
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"Did Entire World A Favour": Minister On Why India Buys Russian Oil
Union Petroleum and Natural Gas minister Hardeep Singh Puri said oil will remain a key part of the world's energy supply for years to come.
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New US Sanctions May Threaten Russian Oil Sales To India: Report
Fresh U.S. sanctions on Moscow threaten to dent Russian oil sales to India, the biggest buyer of Russian seaborne crude, and complicate efforts by Indian state refiners to secure annual supply deals, three industry sources familiar with the matter sa
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India's Oil Imports From Russia Hit 12-Month Low In January As Sanctions Bite
India's crude oil imports from its top supplier Russia fell for a second straight month in January to their lowest in a year as tighter Western sanctions hit supply of light sweet Sokol grade, preliminary ship tracking data showed.
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"India To Keep Diversifying Oil Supply": Minister Amid Red Sea Attacks
Supply cuts by OPEC , costly shipments from some traditional Middle East suppliers and geopolitical tension is driving India, the world's third biggest oil importer, to diversify its crude sources and accelerate its energy transition
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Israel-Gaza War: Crude Oil Supply Lines Not Affected So Far, Says Union Minister
Amid the ongoing Israel-Hamas conflict, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Friday said that there is no expectation of any disruption in supply lines for crude oil so far.
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"PM Told Me To Do What Is Needed For Country": S Jaishankar On Russia Oil
When the Ukraine conflict polarised the West and hit global fuel supply chains, Prime Minister Narendra Modi had told External Affairs Minister Dr S Jaishankar to "do whatever is needed for the benefit of the country".
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Sanction-Hit Russia Announces Deal To Boost Oil Supplies To India: Report
Russian energy giant Rosneft announced a deal on Wednesday to ramp up oil sales to India, as Moscow seeks new buyers in the wake of tensions with the West over the Ukraine conflict.
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India's Oil Deals with Russia Erode Decades-Old Dollar Dominance
India is the world's number three importer of oil and Russia became its leading supplier after Europe shunned Moscow's supplies following its invasion of Ukraine begun in February last year.
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Relationship With India Is Solid: OPEC Secretary General
OPEC Secretary General Haitham Al Ghais said that most OPEC countries have very strong and historical ties with India and OPEC stands ready to continue supplying India with its requirements of oil.
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In Increasing Oil Trade Between India And Russia, An Unusual Development
Russia is sending more crude oil produced in the Arctic region to China and India, and at steeper discounts, after Europe slammed its doors shut on Russian supplies last month, trade sources and data show.
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Taking All Steps To Ensure Crude Oil Supplies: Centre In Rajya Sabha
The government on Thursday said it is taking all steps to ensure crude oil supplies and mitigate the risk of dependence on a single region.
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Russian Oil Price Cap Sanctions Could Threaten India's Oil Supplies: Report
India would be one of the countries most exposed if Russia refuses to sell crude oil at the capped price under proposed sanctions to be imposed by the United States and the European Union.
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India's Vacuum Gasoil Exports To US Jump As West Shuns Russian Supplies
India stepped up vacuum gasoil (VGO) exports to the United States this year in an unusual trade flow for the oil product as the West seeks alternatives to replace Russian supplies, according to traders and data analytics firms.
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"We Are Ready To Deliver Oil": Iranian Ambassador To India
Iranian Envoy Dr Iraj Elahi on Friday said despite US sanctions Tehran is ready to supply oil to India as both countries have close ties.
-
China, India Refiners Scour The World For Oil Amid US Sanctions On Russia
Chinese and Indian refiners are scouring the globe for supplies of crude as fresh US sanctions on Russian producers and tankers curb shipments to Moscow's top customers, traders said.
-
"Did Entire World A Favour": Minister On Why India Buys Russian Oil
Union Petroleum and Natural Gas minister Hardeep Singh Puri said oil will remain a key part of the world's energy supply for years to come.
-
New US Sanctions May Threaten Russian Oil Sales To India: Report
Fresh U.S. sanctions on Moscow threaten to dent Russian oil sales to India, the biggest buyer of Russian seaborne crude, and complicate efforts by Indian state refiners to secure annual supply deals, three industry sources familiar with the matter sa
-
India's Oil Imports From Russia Hit 12-Month Low In January As Sanctions Bite
India's crude oil imports from its top supplier Russia fell for a second straight month in January to their lowest in a year as tighter Western sanctions hit supply of light sweet Sokol grade, preliminary ship tracking data showed.
-
"India To Keep Diversifying Oil Supply": Minister Amid Red Sea Attacks
Supply cuts by OPEC , costly shipments from some traditional Middle East suppliers and geopolitical tension is driving India, the world's third biggest oil importer, to diversify its crude sources and accelerate its energy transition
-
Israel-Gaza War: Crude Oil Supply Lines Not Affected So Far, Says Union Minister
Amid the ongoing Israel-Hamas conflict, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Friday said that there is no expectation of any disruption in supply lines for crude oil so far.
-
"PM Told Me To Do What Is Needed For Country": S Jaishankar On Russia Oil
When the Ukraine conflict polarised the West and hit global fuel supply chains, Prime Minister Narendra Modi had told External Affairs Minister Dr S Jaishankar to "do whatever is needed for the benefit of the country".
-
Sanction-Hit Russia Announces Deal To Boost Oil Supplies To India: Report
Russian energy giant Rosneft announced a deal on Wednesday to ramp up oil sales to India, as Moscow seeks new buyers in the wake of tensions with the West over the Ukraine conflict.
-
India's Oil Deals with Russia Erode Decades-Old Dollar Dominance
India is the world's number three importer of oil and Russia became its leading supplier after Europe shunned Moscow's supplies following its invasion of Ukraine begun in February last year.
-
Relationship With India Is Solid: OPEC Secretary General
OPEC Secretary General Haitham Al Ghais said that most OPEC countries have very strong and historical ties with India and OPEC stands ready to continue supplying India with its requirements of oil.
-
In Increasing Oil Trade Between India And Russia, An Unusual Development
Russia is sending more crude oil produced in the Arctic region to China and India, and at steeper discounts, after Europe slammed its doors shut on Russian supplies last month, trade sources and data show.
-
Taking All Steps To Ensure Crude Oil Supplies: Centre In Rajya Sabha
The government on Thursday said it is taking all steps to ensure crude oil supplies and mitigate the risk of dependence on a single region.
-
Russian Oil Price Cap Sanctions Could Threaten India's Oil Supplies: Report
India would be one of the countries most exposed if Russia refuses to sell crude oil at the capped price under proposed sanctions to be imposed by the United States and the European Union.
-
India's Vacuum Gasoil Exports To US Jump As West Shuns Russian Supplies
India stepped up vacuum gasoil (VGO) exports to the United States this year in an unusual trade flow for the oil product as the West seeks alternatives to replace Russian supplies, according to traders and data analytics firms.
-
"We Are Ready To Deliver Oil": Iranian Ambassador To India
Iranian Envoy Dr Iraj Elahi on Friday said despite US sanctions Tehran is ready to supply oil to India as both countries have close ties.