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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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Russia Is Now Largest Supplier Of Crude Oil To India: Hardeep Singh Puri
Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said on Tuesday that Russia has become the largest supplier of crude oil to India, accounting for more than 35 per cent of the country's imports.
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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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India's Russian Oil Imports Hit Record High In Feb, 35% Share Of Total Now
India's imports of crude oil from Russia soared to a record 1.6 million barrels per day in February and is now higher than combined imports from traditional suppliers Iraq and Saudi Arabia.
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Oil Settles Mixed Amid Beijing Lockdown Fears, Tight Supplies
A pending European Union ban on oil from Russia, a key supplier of crude and fuels to the bloc, is anticipated to further tighten global supplies.
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Analysis-How The Ukraine Conflict Is Reshaping Global Oil Markets
Russia's invasion of Ukraine has reconfigured the global oil market, with African suppliers stepping in to meet European demand and Moscow, stung by Western sanctions, increasingly tapping risky ship-to-ship transfers to get its crude to Asia.
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Russia Becomes India's Second Biggest Oil Supplier, Trade Sources
Russian grades accounted for about 16.5% of India's overall oil imports in May
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Russia Is Now India's Second Biggest Oil Exporter: Report
Russia has become India's second biggest supplier of oil, pushing Saudi Arabia into third place but still behind Iraq which remains number one
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Analysis-How The Ukraine Conflict Is Reshaping Global Oil Markets
Russia's invasion of Ukraine has reconfigured the global oil market, with African suppliers stepping in to meet European demand and Moscow, stung by Western sanctions, increasingly tapping risky ship-to-ship transfers to get its crude to Asia.
-
Oil Settles Mixed Amid Beijing Lockdown Fears, Tight Supplies
A pending European Union ban on oil from Russia, a key supplier of crude and fuels to the bloc, is anticipated to further tighten global supplies.
-
Ship Fuel Suppliers Stop Serving Russian Vessels In The Med - Report
Marine fuel sellers have stopped serving vessels flying the Russian flag at major European hubs including Spain and Malta in another blow to Moscow's exports
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Some Banks Stop Credit For Oil Imports By Rosneft-Owned India Refiner Nayara - Report
HDFC Bank and some foreign banks have stopped offering trade credit for oil imports to Nayara Energy, a Russian-backed refiner, and some suppliers are seeking payment upfront to avoid potential problems resulting from western sanctions against Moscow
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India May Increase Oil Imports From Brazil, Mexico: Report
Venezuela is the fourth largest oil supplier to India after Saudi Arabia, Iraq and Iran. It accounted for about 11 per cent of domestic oil supplies in 2017-18, supplying close to 18 million tonnes (mt).
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Crude Oil Rates Hit 2019 Highs Amid Supply Cuts
The international benchmark for oil prices is at a near three-month high and set for a 4.5 per cent gain for the week. OPEC and some non-affiliated suppliers including Russia are withholding supply in order to tighten the market and prop up prices.
-
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.
-
Russia Is Now Largest Supplier Of Crude Oil To India: Hardeep Singh Puri
Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said on Tuesday that Russia has become the largest supplier of crude oil to India, accounting for more than 35 per cent of the country's imports.
-
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
-
India's Russian Oil Imports Hit Record High In Feb, 35% Share Of Total Now
India's imports of crude oil from Russia soared to a record 1.6 million barrels per day in February and is now higher than combined imports from traditional suppliers Iraq and Saudi Arabia.
-
Oil Settles Mixed Amid Beijing Lockdown Fears, Tight Supplies
A pending European Union ban on oil from Russia, a key supplier of crude and fuels to the bloc, is anticipated to further tighten global supplies.
-
Analysis-How The Ukraine Conflict Is Reshaping Global Oil Markets
Russia's invasion of Ukraine has reconfigured the global oil market, with African suppliers stepping in to meet European demand and Moscow, stung by Western sanctions, increasingly tapping risky ship-to-ship transfers to get its crude to Asia.
-
Russia Becomes India's Second Biggest Oil Supplier, Trade Sources
Russian grades accounted for about 16.5% of India's overall oil imports in May
-
Russia Is Now India's Second Biggest Oil Exporter: Report
Russia has become India's second biggest supplier of oil, pushing Saudi Arabia into third place but still behind Iraq which remains number one
-
Analysis-How The Ukraine Conflict Is Reshaping Global Oil Markets
Russia's invasion of Ukraine has reconfigured the global oil market, with African suppliers stepping in to meet European demand and Moscow, stung by Western sanctions, increasingly tapping risky ship-to-ship transfers to get its crude to Asia.
-
Oil Settles Mixed Amid Beijing Lockdown Fears, Tight Supplies
A pending European Union ban on oil from Russia, a key supplier of crude and fuels to the bloc, is anticipated to further tighten global supplies.
-
Ship Fuel Suppliers Stop Serving Russian Vessels In The Med - Report
Marine fuel sellers have stopped serving vessels flying the Russian flag at major European hubs including Spain and Malta in another blow to Moscow's exports
-
Some Banks Stop Credit For Oil Imports By Rosneft-Owned India Refiner Nayara - Report
HDFC Bank and some foreign banks have stopped offering trade credit for oil imports to Nayara Energy, a Russian-backed refiner, and some suppliers are seeking payment upfront to avoid potential problems resulting from western sanctions against Moscow
-
India May Increase Oil Imports From Brazil, Mexico: Report
Venezuela is the fourth largest oil supplier to India after Saudi Arabia, Iraq and Iran. It accounted for about 11 per cent of domestic oil supplies in 2017-18, supplying close to 18 million tonnes (mt).
-
Crude Oil Rates Hit 2019 Highs Amid Supply Cuts
The international benchmark for oil prices is at a near three-month high and set for a 4.5 per cent gain for the week. OPEC and some non-affiliated suppliers including Russia are withholding supply in order to tighten the market and prop up prices.
