Page 3 - Crude Oil

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

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

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

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

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

Sanctions complicate issues: China FM on US tariffs on Russian oil imports

China's Foreign Minister Wang Yi has rebuffed the US call to G7 countries to impose tariffs on countries purchasing oil from Russia, saying that war cannot solve problems and sanctions only complicate them. China does not participate in or plan wars, and what China does is to encourage peace talks and promote political settlement of hotspot issues through dialogue, Wang Yi said in an apparent reference to US Treasury Secretary Scott Bessent's call to G7 ministers to impose sanctions on countries importing oil from Russia to stop the Ukraine war. A US Treasury Department statement said on Saturday that Treasury Secretary Bessent during a call with G7 finance ministers, reiterated President Donald Trump's call to G7 countries that if they are truly committed to ending the war in Ukraine, they should join the US in imposing tariffs on countries purchasing oil from Russia. China is a responsible major country and also a country with the best record on peace and security issues, Wang sai

Russian crude oil supply remains steady despite sanctions pressure

In first nine days of Sep, loadings for India stood at 1.55 million bpd, as against August loadings of 1.49 million bpd

Crude oil rises on modest Opec+ output hike, Russia supply concern

Brent crude rose 47 cents, or 0.7%, to $66.49 a barrel by 0910 GMT, while U.S. West Texas Intermediate crude climbed 72 cents, or 1.2%, to $62.98

Oil prices likely to drop further as Opec+ boosts output from October

Beginning April this year, Opec+ had been increasing production every month. The latest September production increase fully reversed the 2.2 million bpd voluntary cut

Tariffs on Russian oil buyers can bring Putin to table, says Trump official

US Treasury chief Scott Bessent urged Washington and Europe to tighten oil tariffs, saying joint action could weaken Russia's economy and push President Putin towards peace talks