Russian Oil Imports India

India's crude oil imports from Russia rose by 11.7% to about 1.9 million barrels per day (bpd) in September, accounting for about two-fifths of the South Asian nation's overall crude imports in the month.

The Russian Foreign Ministry has said that deliveries of Russian oil to India are steadily high, with no payment issues encountered, the state-owned news agency TASS reported.

More than 250,000 barrels per day of US crude is set to arrive in India next month, the highest in more than a year, ship tracking data showed, amid tighter enforcement of sanctions on Russian crude.

India's oil imports from Russia fell due to unattractive pricing and not because of payment problems, Oil Minister Hardeep Singh Puri said on Wednesday.

India saved roughly $2.7 billion by importing discounted Russian oil in the first nine months of this year, according to calculations based on government data.

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.

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.

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.

India's import of cheap Russian oil scaled another record in May and is now more than the combined oil bought from Saudi Arabia, Iraq, UAE and the US, industry data showed.

Two Gujarat firms have made bumper profits from Russian oil imports, selling them to the European Union at exorbitant rates, the Trinamool Congress has alleged.

Oil producers cartel OPEC's share in India's oil imports fell to an all-time low of 46 per cent in April as purchases of cheaper Russian oil peaked, industry data showed.

OPEC's share of India's oil imports fell at the fastest pace in 2022/23 to the lowest in at least 22 years, as intake of cheaper Russian oil surged, data obtained

India's imports of crude oil from Russia touched a new high of 1.64 million barrels per day in March and is now double of the purchases from Iraq - the nation's traditional top oil supplier.

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.

The ties between India and Russia remained strong notwithstanding Moscow's invasion of Ukraine. India's import of Russian crude oil has gone up significantly in the last few months despite increasing disquiet over it in many Western countries.

India's crude oil imports from Russia rose by 11.7% to about 1.9 million barrels per day (bpd) in September, accounting for about two-fifths of the South Asian nation's overall crude imports in the month.

The Russian Foreign Ministry has said that deliveries of Russian oil to India are steadily high, with no payment issues encountered, the state-owned news agency TASS reported.

More than 250,000 barrels per day of US crude is set to arrive in India next month, the highest in more than a year, ship tracking data showed, amid tighter enforcement of sanctions on Russian crude.

India's oil imports from Russia fell due to unattractive pricing and not because of payment problems, Oil Minister Hardeep Singh Puri said on Wednesday.

India saved roughly $2.7 billion by importing discounted Russian oil in the first nine months of this year, according to calculations based on government data.

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.

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.

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.

India's import of cheap Russian oil scaled another record in May and is now more than the combined oil bought from Saudi Arabia, Iraq, UAE and the US, industry data showed.

Two Gujarat firms have made bumper profits from Russian oil imports, selling them to the European Union at exorbitant rates, the Trinamool Congress has alleged.

Oil producers cartel OPEC's share in India's oil imports fell to an all-time low of 46 per cent in April as purchases of cheaper Russian oil peaked, industry data showed.

OPEC's share of India's oil imports fell at the fastest pace in 2022/23 to the lowest in at least 22 years, as intake of cheaper Russian oil surged, data obtained

India's imports of crude oil from Russia touched a new high of 1.64 million barrels per day in March and is now double of the purchases from Iraq - the nation's traditional top oil supplier.

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.

The ties between India and Russia remained strong notwithstanding Moscow's invasion of Ukraine. India's import of Russian crude oil has gone up significantly in the last few months despite increasing disquiet over it in many Western countries.