Page 16 - India Oil Imports

India's Russian revolution in oil: Why refiners are buying more Urals crude

Refiners have jumped on to the bandwagon of opportunistic buying of heavily discounted Urals crude, which could, ironically, make the country Europe's refining hub

India's imports of cheap Russian crude surge since Ukraine invasion: Data

India received more than 24 mn barrels of Russian crude this month, up from 7.2 mn barrels in April, and is set to receive about 28 mn barrels in June, according to Refinitiv Eikon oil flows

India to keep buying 'cheap' Russian oil, discount to be finalised: Report

The official also said India was increasing its dependence on coal due to surging power demand, adding that state-run Coal India will produce more coal in the coming months.

US Treasury official heads to India to discuss Russian oil purchases

Elizabeth Rosenberg, the assistant secretary for Terrorist Financing and Financial Crimes, will visit New Delhi and Mumbai through Thursday, a Treasury spokesperson said

India's crude imports rise 4.2% to 19.03 mn ton in March on demand recovery

India's fuel demand had scaled a three-year peak in March, with petrol sales hitting an all-time high, as demand rose and the market built up supplies ahead of expected price increases

Live news: Russian negotiator accuses Kyiv of 'rolling back' on agreements

Live news updates: Some 344 people have been evacuated in and around the besieged city of Mariupol, says Ukraine's president.

India's Russian oil import 'minuscule', must not be politicised: Govt

Country's energy needs are enormous, says oil ministry in statement.

Indian refiners negotiating 6-month deal with Russia to import oil: Report

India has already bought more than twice as much crude from Russia in the two months since its invasion of Ukraine on Feb.

India keen to boost oil imports from Brazil: Hardeep Singh Puri

India, the world's third biggest oil importer and consumer, is looking at boosting oil purchases from Brazil, oil minister Hardeep Singh Puri said

OPEC share of India's oil imports steadies after six-year slump

OPEC's share of India's oil imports for the 2021/22 financial year remained almost flat year on year, arresting sharp declines over the the past six years

LIVE: UN General Assembly suspends Russia from Human Rights Council

Russia is the second country to have its membership rights stripped at the Human Rights Council which was established in 2006. Stay tuned for LIVE news updates

India's Feb crude oil imports hit four month-low as global prices surge

India is the world's third-biggest oil importer and consumer, and covers over 80% of its crude oil needs with imports, relying heavily on the Middle East

'India's import of Russia oil less than 1% of total; share from US to rise'

In the financial year 2020-21 (April 2020 to March 2021), India imported 14 million tonnes of crude from the United States, representing 7.3 per cent of total imports

India's oil imports from US to rise, amid criticism for Russian purchases

India's oil imports from the United States will rise by 11% this year, officials said on Saturday, as the severely energy-deficient country looks to secure supplies from producers

India's Feb oil imports at highest since Dec 2020 as refiners boost runs

India's crude imports rose in February to 4.86 million (bpd), their highest since December 2020, preliminary data from trade sources showed, as refiners cranked up runs to meet increasing demand

India's oil demand likely to jump 8% to 5.15 mn barrels per day in 2022

India's oil demand rose from 4.51 million barrels per day in 2020 to 4.76 million bpd in 2021, recording a 5.61 per cent growth

India always exploring all possibilities in global energy markets: MEA

Asked about India's position on the Russian aggression against Ukraine, Bagchi said India has been in touch with all sides, including at the highest level

Top Headlines: Fed signals more hikes; India may import cheap Russian oil

The Federal Reserve on Wednesday raised interest rates for the first time since 2018 and laid out an aggressive plan to push borrowing costs to restrictive levels next year

India may import 15 million barrels of cheap Russian oil

Doesn't violate sanctions but on wrong side of history: US

Will make calibrated interventions to keep fuel prices under control: Govt

The government on Tuesday said it is keeping a close watch on evolving geopolitical developments and would make 'calibrated interventions' to keep fuel prices under control to safeguard the interest of the common man. Minister of State for Finance Pankaj Chaudhary said crude petroleum and natural gas, fuel & power subgroup in the Wholesale Price Index (WPI) is directly related to the fluctuations in the prices of crude oil. To a question in the Rajya Sabha on whether the government will cut excise duty to keep fuel price escalation due to the Ukrainian crisis in control, Chaudhary said the public sector oil marketing companies (OMCs) take appropriate decisions on pricing of petrol and diesel in line with their international product prices, exchange rate, tax structure, inland freight and other cost elements etc. "Government is keeping a close watch on these factors and the evolving geopolitical developments and would make calibrated interventions as and when required to safeguard .