Page 14 - Crude Oil

US sanctions risk leaving 48 million barrels of Russian oil stranded at sea

Washington's move last month to blacklist top oil producers Rosneft PJSC and Lukoil PJSC is arguably its most aggressive to date under the current administration

Reliance stops Russian crude imports at SEZ refinery ahead of US–EU sanctions

Reliance Industries has halted Russian crude oil imports for its export-oriented refinery in Jamnagar, shifting fully to alternative sources ahead of new US and EU restrictions.

Reliance stops import of Russian crude oil into Jamnagar's SEZ refinery

India's Russian oil loadings at 3-yr low in Nov as refiners grow wary of US sanctions

RIL stops importing Russian crude oil for export-oriented SEZ refinery

Stoppage of Russian crude imports comes a day before US sanctions against Rosneft and Lukoil kick in; however, RIL said it is honouring all previously-agreed shipments of Russian crude as of Oct 22

Indian OMCs unlikely to see impact on margins after US curbs on Russian oil

Fitch Ratings says sanctions on Rosneft and Lukoil - which supply around 60% of India's Russian crude - may not materially affect OMC margins, though compliance challenges

Indian refiners HPCL, MRPL buy 5 million barrels of US, West Asia oil

Mangalore Refinery and Petrochemicals Ltd has bought one million barrels of Basra Medium crude for January 1-7 delivery

Russia's crude exports tumble as US sanctions hit key Asian buyers

Russian exporters are continuing to load crude onto tankers, but refiners are less willing to take the cargoes into their storage tanks

Oil imports from US at 4.5-yr high in Oct: Russian supply also stays strong

India's crude oil imports from the US rose to the highest level in October since March 2021 as refiners bought 593 thousand bpd of crude oil from Washington

IOCL seeks up to 24 million oil barrels from Americas amid Russia curbs

The state-backed refiner, India's largest, is seeking grades from the US, Canada, Brazil and Latin America

India-bound tanker carrying Russian crude makes u-turn in Baltic Sea

The Furia was moving westward in a strait between Denmark and Germany when it turned around on Tuesday and sailed for a short distance before slowing down drastically, ship-tracking data showed

Andaman discovery holds potential to change India's oil and gas landscape

The catch is that this is still a find of hydrocarbon presence; whether the basin will actually yield natural gas is still unknown, and even it does, it could take a decade for commercialisation

Russian oil may flow to India through loopholes despite new US sanctions

Trump announced fresh sanctions on two of Russia's largest oil companies in a bid to stop the Ukraine war. But this is not likely to spell the end of Russian oil flows to India, a major buyer

Crude oil rises about 2% on higher US demand, trade talk optimism

Brent crude futures rose $1.29, or 2.1%, to $62.61 a barrel by 11:09 a.m. EDT (1509 GMT), while U.S. West Texas Intermediate crude futures climbed $1.34, or 2.34%, to $58.58

Russia continues oil shipments to India, TASS cites foreign ministry

Trump reiterated that Indian Prime Minister Narendra Modi told him India will stop buying Russian oil, while warning that New Delhi would continue paying "massive" tariffs if it did not do so

India's crude oil bill down 15% in H1; Russia imports up in October

Overall imports dip to $60.7 bn from $71.2 bn last year

US, Saudi Arabia vie for larger share of India's crude oil import pie

Amid global oversupply, the US is emerging as a cost-competitive oil supplier to India, challenging Saudi Arabia and other Gulf producers even as Russian barrels dominate

India casts doubt after Donald Trump claims its Russia oil buy to end

India 'broad-basing and diversifying' its sourcing of energy, says MEA

Crude oil declines more than 2% on US-China trade tensions, IEA report

Brent crude futures fell $1.38, or 2.2%, to $61.94 a barrel by 1248 GMT, while U.S. West Texas Intermediate crude was down 2.3%, or $1.37, at $58.12. Both contracts were at a five-month low

Indian refiners likely to import more Russian oil as discounts deepen

Discounts on Urals crude loading in November are $2-to-$2.50 a barrel to Dated Brent, making it attractive

An uncertain pivot: India's energy sector battles taxes, global turmoil

Energy security was what was occupying the minds of officials from India's oil ministry in 2024 when they burnt the midnight oil for months