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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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US Eyes Indian Ocean Island As Possible Military Base To Deter China
A remote Australian island close to an Indian Ocean chokepoint for Chinese oil shipments is on a list of possible locations for US military construction aimed at deterring China, with the US saying it "may or may not" support American forces.
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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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British Oil Giant Shell Halts Red Sea Shipments Over Attack Fears: Report
British oil giant Shell has paused transit through the key Red Sea shipping route indefinitely, over fears of escalating tensions involving Yemen's Houthi rebels, according to a media report Tuesday.
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India's Imports From Russia Doubled To $20.45 Billion During April-July
India's imports from Russia doubled to USD 20.45 billion during the April-July period of this fiscal due to increasing inbound shipments of crude oil and fertiliser from that country, according to the commerce ministry data.
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"First Russian Discounted Crude Oil Cargo Has Arrived": Pak Prime Minister
Pakistan Prime Minister Shehbaz Sharif on Sunday announced that the first shipment of discounted Russian crude oil has arrived in the port city of Karachi, a development that will provide relief to the people hit by skyrocketing inflation.
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G7 Coalition Agrees To Set Fixed Price For Russian Oil: Report
U.S. officials and G7 countries have been in intense negotiations in recent weeks over the unprecedented plan to put a price cap on sea-borne oil shipments, which is scheduled to take effect on Dec. 5
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India Bursts Into A Market Once Dominated By China
India has pushed into a corner of the Russian oil market once dominated by China, taking a record number of shipments of a Far Eastern grade as the fallout from Moscow's invasion of Ukraine reshapes trade flows.
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Windfall Tax Cut On Diesel, Crude Oil And Jet Fuel Shipments
India has cut a windfall tax on diesel and aviation fuel shipments by 2 rupees a liter, according to a government notification.
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Crisis-Hit Sri Lanka To Get 2 Shipments Of Fuel In July, 1 In August
Sri Lanka will receive two ships containing petrol and diesel this month and another in August, the Chairman of Lanka IOC, the subsidiary of Indian Oil Corporation, said on Saturday as it will give relief to the people facing fuel shortages.
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EU May Clinch Summit Deal To Embargo Russian Oil Shipments
Hungary has held up the EU's sixth package of sanctions against Russia over its invasion of Ukraine, It says halting Russian oil imports would be a body blow to its economy because the landlocked country cannot easily get oil from elsewhere.
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Palm Oil Imports Slid 33% In May, Says Trade Body
Palm oil imports fell by 33.20 per cent to Rs 5,14,022 tonne in May this year, but there was sharp rise in shipment of RBD palmolein oil by refineries
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Sri Lanka's Fuel, Gas Shortages Set To Ease, Central Bank Governor Says
Sri Lanka's central bank has secured foreign exchange to pay for fuel and cooking gas shipments that will ease crippling shortages, its governor said on Thursday, as the prime minister said supplies had been locked in for at least a month.
-
EU May Clinch Summit Deal To Embargo Russian Oil Shipments
Hungary has held up the EU's sixth package of sanctions against Russia over its invasion of Ukraine, It says halting Russian oil imports would be a body blow to its economy because the landlocked country cannot easily get oil from elsewhere.
-
India-Bound Palm Oil Shipments Stuck Due To Indonesia Export Ban
Indonesia's wider palm oil export ban has trapped at least 290,000 tonnes of the edible oil meant to be headed to India at its ports and oil mills
-
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.
-
US Eyes Indian Ocean Island As Possible Military Base To Deter China
A remote Australian island close to an Indian Ocean chokepoint for Chinese oil shipments is on a list of possible locations for US military construction aimed at deterring China, with the US saying it "may or may not" support American forces.
-
"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
-
British Oil Giant Shell Halts Red Sea Shipments Over Attack Fears: Report
British oil giant Shell has paused transit through the key Red Sea shipping route indefinitely, over fears of escalating tensions involving Yemen's Houthi rebels, according to a media report Tuesday.
-
India's Imports From Russia Doubled To $20.45 Billion During April-July
India's imports from Russia doubled to USD 20.45 billion during the April-July period of this fiscal due to increasing inbound shipments of crude oil and fertiliser from that country, according to the commerce ministry data.
-
"First Russian Discounted Crude Oil Cargo Has Arrived": Pak Prime Minister
Pakistan Prime Minister Shehbaz Sharif on Sunday announced that the first shipment of discounted Russian crude oil has arrived in the port city of Karachi, a development that will provide relief to the people hit by skyrocketing inflation.
-
G7 Coalition Agrees To Set Fixed Price For Russian Oil: Report
U.S. officials and G7 countries have been in intense negotiations in recent weeks over the unprecedented plan to put a price cap on sea-borne oil shipments, which is scheduled to take effect on Dec. 5
-
India Bursts Into A Market Once Dominated By China
India has pushed into a corner of the Russian oil market once dominated by China, taking a record number of shipments of a Far Eastern grade as the fallout from Moscow's invasion of Ukraine reshapes trade flows.
-
Windfall Tax Cut On Diesel, Crude Oil And Jet Fuel Shipments
India has cut a windfall tax on diesel and aviation fuel shipments by 2 rupees a liter, according to a government notification.
-
Crisis-Hit Sri Lanka To Get 2 Shipments Of Fuel In July, 1 In August
Sri Lanka will receive two ships containing petrol and diesel this month and another in August, the Chairman of Lanka IOC, the subsidiary of Indian Oil Corporation, said on Saturday as it will give relief to the people facing fuel shortages.
-
EU May Clinch Summit Deal To Embargo Russian Oil Shipments
Hungary has held up the EU's sixth package of sanctions against Russia over its invasion of Ukraine, It says halting Russian oil imports would be a body blow to its economy because the landlocked country cannot easily get oil from elsewhere.
-
Palm Oil Imports Slid 33% In May, Says Trade Body
Palm oil imports fell by 33.20 per cent to Rs 5,14,022 tonne in May this year, but there was sharp rise in shipment of RBD palmolein oil by refineries
-
Sri Lanka's Fuel, Gas Shortages Set To Ease, Central Bank Governor Says
Sri Lanka's central bank has secured foreign exchange to pay for fuel and cooking gas shipments that will ease crippling shortages, its governor said on Thursday, as the prime minister said supplies had been locked in for at least a month.
-
EU May Clinch Summit Deal To Embargo Russian Oil Shipments
Hungary has held up the EU's sixth package of sanctions against Russia over its invasion of Ukraine, It says halting Russian oil imports would be a body blow to its economy because the landlocked country cannot easily get oil from elsewhere.
-
India-Bound Palm Oil Shipments Stuck Due To Indonesia Export Ban
Indonesia's wider palm oil export ban has trapped at least 290,000 tonnes of the edible oil meant to be headed to India at its ports and oil mills
