Page 2 - Crude Oil
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
 "Russia's crude exports tumble as US sanctions hit key Asian buyers")
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
 "Oil imports from US at 4.5-yr high in Oct: Russian supply also stays strong")
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
 "IOCL seeks up to 24 million oil barrels from Americas amid Russia curbs")
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
 "India-bound tanker carrying Russian crude makes u-turn in Baltic Sea")
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
 "Andaman discovery holds potential to change India's oil and gas landscape")
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
 "Russian oil may flow to India through loopholes despite new US sanctions")
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
 "Crude oil rises about 2% on higher US demand, trade talk optimism")
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
 "Russia continues oil shipments to India, TASS cites foreign ministry")
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
 "India's crude oil bill down 15% in H1; Russia imports up in October")
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
 "US, Saudi Arabia vie for larger share of India's crude oil import pie")
India casts doubt after Donald Trump claims its Russia oil buy to end
India 'broad-basing and diversifying' its sourcing of energy, says MEA
 "India casts doubt after Donald Trump claims its Russia oil buy to end")
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
 "Indian refiners likely to import more Russian oil as discounts deepen")
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
 "An uncertain pivot: India's energy sector battles taxes, global turmoil")
Economics trumps politics: India's US oil, LNG imports slump sharply
India is guided solely by economics when sourcing oil and LNG rather than geopolitics, and the government does not interfere in decisions by state-oil companies, September data shows
 "Economics trumps politics: India's US oil, LNG imports slump sharply")
Opec+ likely to approve another crude oil output hike in November
OPEC+ has reversed its strategy of output cuts from April and has already raised quotas by more than 2.5 million barrels per day
India may import US corn for ethanol production as trade talks advance
New Delhi seeks removal of penal tariffs on Russian oil purchases as Washington pushes soybean and corn sales, with both sides aiming to seal a trade pact by fall
 "India may import US corn for ethanol production as trade talks advance")
Marco Rubio cites progress in ongoing US, India trade talks this week
India's trade minister had been scheduled to visit Washington this week in an effort to accelerate talks after negotiations resumed last week
 "Marco Rubio cites progress in ongoing US, India trade talks this week")
US pushes to include India's Russian crude imports in trade negotiations
US officials have sought India to include Russian oil purchases in trade talks, even as New Delhi's refiners boost imports
With no exports, sanctions-hit Nayara Energy ups fuel supply to HPCL
Sanctions-hit Nayara Energy is operating at 60-80% of refining capacity and has raised supply of refined products to HPCL as EU curbs ended its exports
 "With no exports, sanctions-hit Nayara Energy ups fuel supply to HPCL")
