LONDON: Freight rates for shipping Urals crude from Russia’s western ports to India rose sharply in October, driven by strong export volumes and mounting sanctions pressure, industry sources
MOSCOW : India will continue buying oil from wherever it gets the “best deal” and “take measures” to protect its national interest amid US tariffs, said India’s Ambassador
NEW DELHI : India now sources 40% of its crude oil imports from Russia, with year-to-date volumes averaging 1.6 million barrels per day (mbpd), according to BIMCO. This marks
NEW DELHI : Industry sources have said that crude oil purchases in the first quarter (April-June) of 2024-25 would remain tilted towards Russia if Brent crude prices remain
NEW DELHI : Russian crude supplies and lower international oil prices helped India to save over $25 billion worth of foreign exchange in the year ended March 31
NEW DELHI : India is concerned about elevated crude prices, but oil marketing companies will take appropriate measures to cushion the impact for retail consumers if the trend
NEW DELHI : India’s reliance on imported crude in the April-September period of the current financial year ending March rose to 87.8 per cent from 86.5 per cent
NEW DELHI : India now imports twice as much crude oil from Russia as it does from Iraq, the country’s traditional main oil supplier, reaching a new high
NEW DELHI : Indian Government has decided to discontinue import of crude soybean oil under tariff rate quota (TRQ) from April 1 this year, an official said on Wednesday. TRQ