Page 3 - Indian Oil Import

Opec's share in India's annual oil imports rises after 8 year drop

India imported 4.84 million barrels per day of oil in 2024, up 4.3% from the previous year, the data showed

India expects uninterrupted Russian oil supply for next two months

Global Brent crude futures extended gains to climb above $81 a barrel on Monday, their highest since August, on expected disruption of Russian oil supply to China and India

India's crude imports could face problems in 2025 due to geopolitical risks

The US Energy Information Administration predicted global oil price benchmark Brent to average $73.58 per barrel in 2025 in its latest short-term energy outlook

Russia now largest crude oil supplier to India, accounts for over 35%: Puri

Speaking at the FIPI Oil and Gas Awards Ceremony, the minister highlighted the dramatic shift in India's oil sourcing over the past two years

As Saudi oil supplies rebound, India gets bargaining power in imports

New Delhi will have a variety of supply choices in the next few months at competitive rates from Russia, Iraq, Saudi Arabia

India surpasses China to become biggest importer of Russian oil in July

India surpassed China's July oil imports from Russia of 1.76 million bpd via pipelines and shipments, based on Chinese customs data

India's state refiners in talks for long-term oil import deal with Russia

Nayara Energy and Reliance Industries have already signed term deals for Russian oil imports

India's robust LNG imports standout in Asia, higher prices concern looms

Growth in Asia's third-largest economy likely slowed to an annual 6.7 per cent in January-March, more in line with the long-term GDP growth rate

India may see lower savings from Russian oil in 2024 as discounts dip

Russian imports accounted for 39% of India's overall crude imports last year from 16% in 2022

Payment woes delay supply of Russian Sokol oil crude to India: Report

IOC is the only state refiner that has an annual deal to buy a variety of Russian grades, including Sokol, from Russian oil major Rosneft. Sokol oil is supplied to IOC by Sakhalin-1 LLC

India makes first-ever rupee payment for the purchase of crude oil from UAE

India spent $157.5 billion on importing 232.7 million tonnes of crude oil with West Asia contributing 58% of all supplies

India unlikely to be hit by potential Opec+ production cut, say officials

Lower global demand and discounts on Russian crude to ensure continuous oil flows

India's crude oil imports from Russia down 24% MoM, lowest in 7 months

Indian refiners also cut shipments from Iraq, another top supplier, by 10% on the month in August to 848,000 barrels a day

July Russian oil imports dip; Saudi import down to 2-1/2-yr low: Trade data

India's overall imports also declined 5.2% from June to 4.4 million bpd oil in July, the data showed, as several refining plants are shut for maintenance during monsoon season

Surging prices: Indian refiners push the envelope on Russia crude oil

With Urals crude prices on the rise, refiners are negotiating for bigger discounts and alternative currencies for payment

India's imports of sunflower oil to fall as Black Sea grain deal expires

The drop in sunflower oil imports would force the world's biggest buyer of vegetable oils to increase purchases of palm oil and soyoil to compensate

Russian oil cuts Opec's share of Indian market to 22-year low at 59%

OPEC members mainly from the Middle East and Africa, saw their share of India's oil market slide to 59% in the fiscal year to March 2023, from about 72% in 2021-22

India's share in global oil demand expected to rise to 11%, gas to 500%: PM

Prime Minister Narendra Modi on Monday said that India's share in the global oil demand is expected to increase to 11 per cent, while the gas demand is expected to rise up to 500 per cent.

Russia replaces Iraq as top oil supplier to India in Nov with 23% share

India's oil imports from Russia rose for the fifth straight month, totaling 908,000 barrels per day (bpd) in November, up 4% from October, the data showed

India's crude import basket at 10-month low but pump prices to remain high

Fear of worsening economic slowdown in China has dealt the latest blow to global crude oil, with daily prices falling to their lowest since January 4, 2022