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Reliance To Buy 3 Million Barrels Of Russian Oil A Month In Roubles: Report
India's Reliance Industries, operator of the world's biggest refining complex, has signed a one-year deal with Russia's Rosneft to buy at least 3 million barrels of oil a month in roubles, four sources aware of the matter told Reuters.
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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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Russia Makes Up 40% Of Indian Oil Imports: Report
The share of Russian oil in India's overall imports rose to about two-fifths in the first half of fiscal 2023/24, consolidating Moscow's position as the top supplier as refiners curbed purchase from the Middle East, industry data showed.
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IIT Jodhpur, Algo8 AI Collaborate To Make Oil Refining In Petroleum, Allied Industries More Efficient
IIT Jodhpur researchers has developed a model for control and schedule maintenance of heat exchanger networks to increase the efficiency of refineries.
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India Cools Off On Demand For Russian Crude Oil
Indian refiners are set to skip purchases of Russia ESPO crude oil this month due to higher freight rates, turning to Africa and the Middle East instead, industry sources said.
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Indian Refiners' June Crude Processing Stays Robust, Output Slips
India refiners' crude processing remained resilient in June, holding above pre-pandemic levels amid steady demand, while production eased with the increased availability of cheaper Russian crude, government data showed on Friday.
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Reliance Industries Profit Surges, Powered By Oil Business
Reliance Industries Ltd reported a 46.3% jump in June-quarter profit, as robust refining margins due to intake of cheaper Russian crude and fuel exports buoyed its dominant oil-to-chemicals business.
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S-Oil's Gasoline Output Hit After Refinery Blast Kills One
South Korea's third largest refiner, S-Oil Corp, has suspended production of several processing units after a blast at its Onsan refinery.
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EU Proposes Russian Oil Ban To Make Putin 'Pay High Price' For Ukraine
The Commission's measures include phasing out supplies of Russian crude oil within six months and refined products by the end of 2022.
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Oil Falls 2.5% As U.S. Refiners Ramp Up Output, Equities Retreat
Oil prices fell 2.5% on Wednesday, reversing early gains as traders grew less worried about a supply crunch after government data showed U.S. refiners ramped up output, and as crude futures followed Wall Street lower.
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Exclusive: Russia Has No Extra Oil To Sign Deals With Two Indian Buyers; Sources
Indian refiners have been snapping up cheap Russian oil, shunned by western companies and countries since sanctions were imposed against Moscow for its invasion of Ukraine on Feb. 24, which Russia calls a "special military operation".
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Oil slips on China lockdowns, but bullish trends intact
Oil prices have been rallying steadily over the last two months, led by big increases in prices of refined products due to tight refining supply and surging demand.
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Russia Becomes India's Second Biggest Oil Exporter - Report
India's oil imports in May totalled 4.98 million bpd, the highest since December 2020, as state refiners raised output to meet growing local demand.
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EU Agrees Russian Oil Sanctions, Gives Hungary Exemptions
The ban on seaborne imports of Russian oil will be imposed with a phase-in period of six months for crude oil and eight months for refined products, a European Commission spokesperson said.
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Global Refiners Falter In Efforts To Keep Up With Demand
Refiners worldwide are struggling to meet global demand for diesel and gasoline, exacerbating high prices and aggravating shortages from big consumers
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Reliance To Buy 3 Million Barrels Of Russian Oil A Month In Roubles: Report
India's Reliance Industries, operator of the world's biggest refining complex, has signed a one-year deal with Russia's Rosneft to buy at least 3 million barrels of oil a month in roubles, four sources aware of the matter told Reuters.
-
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
-
Russia Makes Up 40% Of Indian Oil Imports: Report
The share of Russian oil in India's overall imports rose to about two-fifths in the first half of fiscal 2023/24, consolidating Moscow's position as the top supplier as refiners curbed purchase from the Middle East, industry data showed.
-
IIT Jodhpur, Algo8 AI Collaborate To Make Oil Refining In Petroleum, Allied Industries More Efficient
IIT Jodhpur researchers has developed a model for control and schedule maintenance of heat exchanger networks to increase the efficiency of refineries.
-
India Cools Off On Demand For Russian Crude Oil
Indian refiners are set to skip purchases of Russia ESPO crude oil this month due to higher freight rates, turning to Africa and the Middle East instead, industry sources said.
-
Indian Refiners' June Crude Processing Stays Robust, Output Slips
India refiners' crude processing remained resilient in June, holding above pre-pandemic levels amid steady demand, while production eased with the increased availability of cheaper Russian crude, government data showed on Friday.
-
Reliance Industries Profit Surges, Powered By Oil Business
Reliance Industries Ltd reported a 46.3% jump in June-quarter profit, as robust refining margins due to intake of cheaper Russian crude and fuel exports buoyed its dominant oil-to-chemicals business.
-
S-Oil's Gasoline Output Hit After Refinery Blast Kills One
South Korea's third largest refiner, S-Oil Corp, has suspended production of several processing units after a blast at its Onsan refinery.
-
EU Proposes Russian Oil Ban To Make Putin 'Pay High Price' For Ukraine
The Commission's measures include phasing out supplies of Russian crude oil within six months and refined products by the end of 2022.
-
Oil Falls 2.5% As U.S. Refiners Ramp Up Output, Equities Retreat
Oil prices fell 2.5% on Wednesday, reversing early gains as traders grew less worried about a supply crunch after government data showed U.S. refiners ramped up output, and as crude futures followed Wall Street lower.
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Exclusive: Russia Has No Extra Oil To Sign Deals With Two Indian Buyers; Sources
Indian refiners have been snapping up cheap Russian oil, shunned by western companies and countries since sanctions were imposed against Moscow for its invasion of Ukraine on Feb. 24, which Russia calls a "special military operation".
-
Oil slips on China lockdowns, but bullish trends intact
Oil prices have been rallying steadily over the last two months, led by big increases in prices of refined products due to tight refining supply and surging demand.
-
Russia Becomes India's Second Biggest Oil Exporter - Report
India's oil imports in May totalled 4.98 million bpd, the highest since December 2020, as state refiners raised output to meet growing local demand.
-
EU Agrees Russian Oil Sanctions, Gives Hungary Exemptions
The ban on seaborne imports of Russian oil will be imposed with a phase-in period of six months for crude oil and eight months for refined products, a European Commission spokesperson said.
-
Global Refiners Falter In Efforts To Keep Up With Demand
Refiners worldwide are struggling to meet global demand for diesel and gasoline, exacerbating high prices and aggravating shortages from big consumers
