Page 7 - Crude Oil

US remained the outlier in January with crude imports rising, shows data

Imports from Russia fell by nearly a fifth despite remaining largest source of crude

Oil prices decline 2% as US-China trade conflict fuels recession fears

Brent futures were down $1.17, or 1.78%, to $64.41 per barrel at 1303 GMT, and U.S. West Texas Intermediate crude futures were down $1.17, or 1.89%, at $60.82

Trump tariffs: With crude off the table, US nudges India towards LNG

Importers signal willingness, but warn of drawn-out talks

Indian petroleum product exports escape Trump's reciprocal tariffs

The US is India's largest exporter, with total outbound trade reaching $60 billion in the April-December period of FY25

Oil steadies near $75 as market weighs Trump tariffs, sanctions on Russia

Trump on Sunday said that he was very angry with Russian President Vladimir Putin and would impose secondary tariffs of 25 per cent to 50 per cent on Russian oil buyers

India crude imports hit record on Russian rebound, US oil, price dip

India imported 1.91 million bpd of Russian crude in March, 30 per cent higher than in February and flat from a year earlier

Crude inches up as investors await Trump's actions on Russian oil, Iran

China and India are major buyers of Russian crude and their acquiescence would be crucial to making any secondary sanctions package seriously hurt exports from the world's second largest oil exporter

India's oil production in dire straits as fuel use continues to be strong

Oil India's output is expected to decline by 21 per cent to 66,000 bpd by 2029-30 from 84,000 bpd next financial year, according to the report

Centre 'bars' oil tanker carrying Russian crude over documentation lapse

The Honduran-flagged Andaman Skies, built in 2004, loaded 767,000 barrels at Murmansk on Feb. 24, and was due to discharge at Vadinar on March 30

Trump announces 25% tariff on Venezuelan oil: What's at stake for India?

US President Trump announced a 25 per cent tariff on countries buying Venezuelan oil and gas, effective April 2, applying to both direct and indirect buyers of Venezuelan crude

Crude oil may bounce to $72 in short-term; long-term view bearish: Analyst

Oil prices have recorded seven straight weekly declines since Donald Trump took office on January 20

Oil imports fell 11% in December as supplies from Russia, Saudi fall

Higher domestic demand in Russia, lower exports by Saudi may have reduced Indian uptake

Escalating trade war threatens oil demand as Opec+ boosts supply, says IEA

Oil is trading near $71 a barrel in London after sinking to the lowest since 2021 last week, following Opec+'s decision to gradually restart halted production from April

Oil up on weak dollar; US economic slowdown, tariff concerns cap gains

US President Donald Trump's economic policies so far have centered on a blitz of tariff announcements. Some have taken effect and others have been delayed or are set to kick in later

BPCL plans to buy US crude through a four-month tender next week

The refiner will be seeking one million barrel of WTI every month for arrival from May or June for four months, the source said

Crude drops for 3rd day on Opec+ plans to increase output, Trump tariffs

Brent futures fell 45 cents, or 0.63 per cent, to $70.59 a barrel at 0953 GMT. US West Texas Intermediate (WTI) crude declined 74 cents, or 1.08 per cent, to $67.52 a barrel

At current crude oil levels, correction could turn ONGC attractive

The US EIA forecasts Brent crude prices to average $74 per barrel in CY25, down 8 per cent Y-o-Y and to decline to $66 per barrel in CY26

India's crude oil supplies from Russia and US drop, West Asia rise

Imports of Russian oil were 280,000 barrels per day (bpd) more than Iraqi oil in February, according to Paris-based market intelligence agency Kpler

Oil on track for first monthly drop since Nov on Trump tariff concerns

Uncertainty surrounding OPEC's production resumption plans in April and ongoing talks to end the war in Ukraine also weighed on investor sentiment

India imports Russian oil worth 49 bn euro in 3rd year of Ukraine invasion

India, the world's third largest oil consuming and importing nation, bought crude oil worth 49 billion euros from Russia in the third year of Moscow's invasion of Ukraine, a global think tank said. India, which has traditionally sourced its oil from the Middle East, began importing a large volume of oil from Russia soon after the invasion of Ukraine in February 2022. This is primarily because Russian oil was available at a significant discount to other international benchmarks due to western sanctions and some European countries shunning purchases. This led to India's imports of Russian oil seeing a dramatic rise, growing from less than 1 per cent of its total crude oil imports to a staggering 40 per cent in a short period. "Russia's stronghold over new markets has solidified in the third year of the invasion. The three biggest buyers, China (EUR 78 billion), India (EUR 49 billion) and Turkey (EUR 34 billion) were responsible for 74 per cent of Russia's total revenues from fossil ..