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India, China Bought 80% Of Russia's Oil In May: International Energy Body
India and China, the world's top oil users, continued to lap up heavily discounted Russian crude oil, buying as much as 80 per cent of the oil that Moscow exported in May, the International Energy Agency (IEA) said in a report.
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Fuels From Russian Oil Gets Backdoor Entry Into Europe Via India: Report
Record high imports of crude oil from Russia in fiscal 2022-23 helped India's refiners boost exports of diesel and jet fuel to Europe as the continent shunned Russian products, preliminary ship-tracking data from Kpler and Vortexa showed.
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India Vies With China Over Russian Crude, Prices Rise
China, which is set to import record volumes of Russian crude in March, typically sweeps up all of the ESPO crude exported from the Pacific port of Kozmino due to close proximity while sanctions on Russian oil have shrunk the pool of buyers.
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Why Russia Favours Indian Market Despite China's Surging Oil Demand
While China could "buy literally the entire Russian oil exports" as it abandons Covid-zero policies, Russia will want to keep the Indian market because it is more lucrative.
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"Comfortable" With India Approach On Russian Oil, No Sanctions: US
The US is not looking at sanctioning India over its oil purchase from Russia, Karen Donfried, US Assistant Secretary of State for European and Eurasian Affairs, said on Wednesday.
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West's New Oil Sanctions To Have A "More Profound Impact" On Russia
The West's latest wave of sanctions on Russian energy exports seeks to hit Moscow harder than its previous moves over the Ukraine war.
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How India Is Turning Russian Oil Into The West's Fuel
India is playing an increasingly important role in global oil markets, buying more and more cheap Russian oil and refining it into fuel for Europe and the US.
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G7 Agrees To Review Level Of Price Cap On Russian Oil In March: US
Group of Seven officials have agreed to review the level of the price cap on exports of Russian oil in March, U.S. Treasury Deputy Secretary Wally Adeyemo said on Friday.
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Russia To Ban Oil Exports To Countries Using Price Cap From February
Russia issued a decree Tuesday to ban oil sales to countries and companies that comply with a price cap agreed by Western nations in response to Moscow's offensive in Ukraine.
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India Sees No Hit To Fuel Exports From EU Action On Russian Oil: Report
India, a leading buyer of Russian oil, does not expect its fuel exports to be disrupted by a European Union ban on the purchase of Russian refined fuels beginning February 5, oil secretary Pankaj Jain said on Friday.
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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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How India's Bingeing On Russian Oil Is Hitting Middle East
India's oil imports from the Middle East fell to a 19-month low in September while Russian imports rebounded although refining outages hit overall crude imports, data from trade and shipping sources showed.
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Oil Prices Surge To Above $101 Per Dollar; Up $10 Since Last Week's Lows
Oil prices rose on Thursday on mounting supply tightness concerns amid disruptions to Russian exports, the potential for major producers to cut output, and the partial shutdown of a US refinery.
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Oil Slides 2% On Rising U.S. Fuel Stocks And Output
Oil prices slid about 2% on Wednesday as a rise in U.S. gasoline and distillate inventories and worries about slower economic growth around the world offset ongoing concerns about tight crude supplies.
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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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India, China Bought 80% Of Russia's Oil In May: International Energy Body
India and China, the world's top oil users, continued to lap up heavily discounted Russian crude oil, buying as much as 80 per cent of the oil that Moscow exported in May, the International Energy Agency (IEA) said in a report.
-
Fuels From Russian Oil Gets Backdoor Entry Into Europe Via India: Report
Record high imports of crude oil from Russia in fiscal 2022-23 helped India's refiners boost exports of diesel and jet fuel to Europe as the continent shunned Russian products, preliminary ship-tracking data from Kpler and Vortexa showed.
-
India Vies With China Over Russian Crude, Prices Rise
China, which is set to import record volumes of Russian crude in March, typically sweeps up all of the ESPO crude exported from the Pacific port of Kozmino due to close proximity while sanctions on Russian oil have shrunk the pool of buyers.
-
Why Russia Favours Indian Market Despite China's Surging Oil Demand
While China could "buy literally the entire Russian oil exports" as it abandons Covid-zero policies, Russia will want to keep the Indian market because it is more lucrative.
-
"Comfortable" With India Approach On Russian Oil, No Sanctions: US
The US is not looking at sanctioning India over its oil purchase from Russia, Karen Donfried, US Assistant Secretary of State for European and Eurasian Affairs, said on Wednesday.
-
West's New Oil Sanctions To Have A "More Profound Impact" On Russia
The West's latest wave of sanctions on Russian energy exports seeks to hit Moscow harder than its previous moves over the Ukraine war.
-
How India Is Turning Russian Oil Into The West's Fuel
India is playing an increasingly important role in global oil markets, buying more and more cheap Russian oil and refining it into fuel for Europe and the US.
-
G7 Agrees To Review Level Of Price Cap On Russian Oil In March: US
Group of Seven officials have agreed to review the level of the price cap on exports of Russian oil in March, U.S. Treasury Deputy Secretary Wally Adeyemo said on Friday.
-
Russia To Ban Oil Exports To Countries Using Price Cap From February
Russia issued a decree Tuesday to ban oil sales to countries and companies that comply with a price cap agreed by Western nations in response to Moscow's offensive in Ukraine.
-
India Sees No Hit To Fuel Exports From EU Action On Russian Oil: Report
India, a leading buyer of Russian oil, does not expect its fuel exports to be disrupted by a European Union ban on the purchase of Russian refined fuels beginning February 5, oil secretary Pankaj Jain said on Friday.
-
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.
-
How India's Bingeing On Russian Oil Is Hitting Middle East
India's oil imports from the Middle East fell to a 19-month low in September while Russian imports rebounded although refining outages hit overall crude imports, data from trade and shipping sources showed.
-
Oil Prices Surge To Above $101 Per Dollar; Up $10 Since Last Week's Lows
Oil prices rose on Thursday on mounting supply tightness concerns amid disruptions to Russian exports, the potential for major producers to cut output, and the partial shutdown of a US refinery.
-
Oil Slides 2% On Rising U.S. Fuel Stocks And Output
Oil prices slid about 2% on Wednesday as a rise in U.S. gasoline and distillate inventories and worries about slower economic growth around the world offset ongoing concerns about tight crude supplies.
-
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.
