Indian Oil Import

India's crude security holds as refiners pivot from sanctioned suppliers

With the November 21 deadline now past, India's Russian crude inflows are easing but not collapsing as refiners pivot to non-sanctioned suppliers, tap alternatives and benefit from soft global prices

As sanctions on Russian oil loom, India prepares to end its buying spree

India has been snapping up discounted Russian crude for three years, but US sanctions that take effect on Friday are expected to end the lucrative trade

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

India boosts US crude oil imports to 540,000 bpd, highest since 2022

India's record US crude imports come amid efforts to diversify away from Russian oil and manage trade frictions with Washington

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

India's oil demand to hit 9 mn bpd by 2050; coal to stay dominant: BP

BP projects India's oil demand to grow 80% by 2050 even as renewables surge; coal to retain over 40% share in the energy mix under current trajectory

US tells India that Russian oil curbs are key to trade deal progress

While trade negotiations are on a positive track, a US official said, more work is needed to ensure India addresses US concerns over market access, the trade deficit and purchases of Russian oil

India urges US to ease Iran oil sanctions to offset reduced Russian imports

New Delhi's representatives traveled to the US for talks after Washington imposed crushing tariffs on the country in punishment for its oil trade with Russia

'If India doesn't budge, neither will Trump,' says US economic advisor

US economic advisor Kevin Hassett said India-US trade talks remain "complicated", linking them to US pressure on Russia for peace and India's reluctance to open its markets to American goods

India must impose higher tariffs on US imports: Arvind Kejriwal

AAP national convener Arvind Kejriwal on Thursday demanded that India impose higher tariffs on imports from the United States to protect the interests of Indian farmers. There was no immediate response from the central government to Kejriwal's demand. US President Donald Trump has imposed a 50 per cent trade tariff on India over its crude oil imports from Russia. The tariff will impact exports and job creation in labour-intensive sectors such as shrimp, apparel, diamonds, leather and footwear, and gems and jewellery. Addressing a press conference here, Kejriwal alleged that the BJP-led central government has decided to waive 11 per cent duty on cotton imported from the US, a move he claimed could adversely affect domestic growers. "There are lakhs of farmers in the country who depend on cotton for their livelihood. If cotton is imported duty-free, our farmers will suffer losses. Why is the government hurting them?" he asked. The former Delhi chief minister said countries across th

What to know about India's rising oil imports from Russia amid US tariffs

President Trump accused India of aiding Moscow's war on Ukraine by purchasing Russian energy, derailing trade talks between India and the United States

Oil prices dip after hitting three-week high on Russian supply concerns

Oil's rally on Monday was primarily driven by supply risks after Ukraine strikes on Russian energy infrastructure and the possibility of further US sanctions on Russian oil

India will buy oil where it gets 'best deal': Indian envoy to Russia

Indian companies will continue buying oil from wherever they get the "best deal", India's envoy to Russia Vinay Kumar has said, asserting that New Delhi will continue taking measures which protect its "national interest". In an interview with Russia's state-run TASS news agency published Sunday, Kumar said that New Delhi's priority is ensuring energy security of the country's 1.4 billion people. His remarks come amid US criticism of India's purchase of discounted Russian crude, a criticism which India has strongly rejected. Stressing that trade takes place on a "commercial basis", Kumar said, "Indian companies will continue buying from wherever they get the best deal. So that's what the current situation is." "...We have clearly stated that our objective is energy security of 1.4 billion people of India and India's cooperation with Russia, as of several other countries, has helped to bring about stability in the oil market, global oil market," the report quoted him as saying. His

Secondary tariffs on India 'economic leverage' to end Russia war: Vance

Vice President J D Vance on Sunday said President Donald Trump has applied aggressive economic leverage such as secondary tariffs on India to force Russia to stop bombing Ukraine. Vance was speaking during an exclusive interview on NBC News' Meet the Press when he also said the step would make it harder for the Russians to get rich from their oil economy. The Trump administration has been highly critical of India for its procurement of discounted crude oil from Russia. Interestingly, Washington has not been criticising China, the largest importer of Russian crude oil. India has been maintaining that its energy procurement, including from Russia, is driven by national interest and market dynamics. Vance remained confident the US can broker an end to the war between Russia and Ukraine despite potential hang-ups that have emerged since President Trump's meeting this month with Russian President Vladimir Putin, NBC News said. We believe we've already seen some significant concessions

Nikki Haley urges India to take Trump's view on Russian oil seriously

India should take President Donald Trump's concerns over its procurement of Russian crude oil seriously and work with the White House to find a solution to the issue, Republican leader Nikki Haley has said. The Trump administration has been severely critical of India for its procurement of discounted crude oil from Russia. Interestingly, Washington has not been criticising China, the largest importer of Russian crude oil. Defending its purchase of Russian crude oil, India has been maintaining that its energy procurement is driven by national interest and market dynamics. Haley, the Indian-origin Republican leader, on Saturday posted on 'X' a portion of an opinion piece she wrote in the Newsweek four days back. The former South Carolina governor's social media post urging New Delhi to take President Trump's concerns over the Russian crude oil seriously came after she faced criticism within her party following the opinion piece. In the article, Haley argued that India must be treate

Refining profit sharing scheme: Navarro slams India over Russia oil buying

The fresh salvo is the latest from the trade hawk and comes after India has signalled it'll keep buying Russian oil, a step

Indian envoy, US lawmakers discuss trade, energy security amid tariff row

Indian envoy Vinay Mohan Kwatra on Friday discussed mutually beneficial trade engagement and energy security with US lawmakers amid tariff tensions between Washington and New Delhi. The Indian ambassador met Senator Bill Hagerty and thanked him for consistent and strong support to the India-US partnership. Briefed him on continuing bilateral discussions for fair, balanced and mutually beneficial trade engagement, the Indian envoy posted on social media. He also shared perspectives on India's energy security and the growing trade between India and the US in hydrocarbons with Senator Hagerty. Kwatra also held a productive conversation with Congressman Greg Landsman and briefed him on developments in bilateral trade engagement. Briefed him on recent developments in bilateral trade engagement and energy security, and the growing hydrocarbon partnership between our countries, he posted on social media. Earlier, Kwatra met with Rep Josh Gottheimer, Ranking Member of the National Securi

Chinese refiners sweep Russian oil as Indian demand weakens, discounts fall

China had secured 15 Russian Urals cargoes for October-November delivery by the end of last week, said Richard Jones, a Singapore-based crude analyst at Energy Aspects

India's Russian oil imports dip in July, skips LatAm supply, data shows

India imported 1.5 million barrels per day of Russian crude in July, down 24.5 per cent from the previous month, the data showed

Russian crude oil import largely stable despite US tariff announcement

Cargoes of crude oil for September delivery in India down 45% in August compared to July