Page 11 - Oil Imports
Oil prices rebound from Tuesday tumble as supply concerns regain footing
Oil prices have risen owing to supply concerns worldwide
 "Oil prices rebound from Tuesday tumble as supply concerns regain footing")
Russia may be India's biggest crude supplier in June, a historic first
Russian oil is on pace to account for 21 per cent of all imports into India, shrinking the shares of Iraqi and US crude
 "Russia may be India's biggest crude supplier in June, a historic first")
India's Russian imports up 3.5 times on oil buys despite Western pressure
It's now the 4th largest petroleum supplier for India with exports worth $1.3 bn in April
 "India's Russian imports up 3.5 times on oil buys despite Western pressure")
GIC Re part of Rs 500-crore insurance pool to cover imports from Russia
While it will be called the fertiliser pool with a corpus of Rs 500 crore, it can be used to cover the risks of oil and gas imports too
 "GIC Re part of Rs 500-crore insurance pool to cover imports from Russia")
India proposes settling Russia trade in rupees as purchases rise: Report
New Delhi plans to use about $2 billion equivalent of rupees deposited at Russia's state-controlled VTB Bank PJSC and Sberbank of Russia PJSC
 "India proposes settling Russia trade in rupees as purchases rise: Report")
US gasoline average price tops $5 per gallon in historic first, shows data
AAA data showed that the US gasoline prices crossed $5 per gallon for the first time in history, sending mixed reactions across the globe
 "US gasoline average price tops $5 per gallon in historic first, shows data")
Japan joins G-7 against Ukraine invasion, will quit Russian oil imports
It's an extremely difficult decision for a country that mostly relies on energy imports, including oil, Kishida told reporters Monday. But G-7 unity is most important right now.
 "Japan joins G-7 against Ukraine invasion, will quit Russian oil imports")
Govt exploring Rupee-Rouble payment for fuel import amid sanction: Report
The government is exploring a payment mechanism for the import of oil from Russia in view of the sanctions imposed by the US and European countries following Moscow's attack on Ukraine.
 "Govt exploring Rupee-Rouble payment for fuel import amid sanction: Report")
China's April Saudi oil imports soar 38% on year, Russian oil up 4%
Saudi shipments amounted to 8.93 million tonnes last month, equivalent to 2.17 million barrels per day (bpd), according to data from the Chinese General Administration of Customs
 "China's April Saudi oil imports soar 38% on year, Russian oil up 4%")
Russia jumps to 4th position as India's oil supplier amid Ukraine war: Data
Russia's share in India's oil purchases rose to a record 6%, about 277,000 barrels per day (bpd) in April, up from about 66,000 bpd in March, when it was in 10th position
 "Russia jumps to 4th position as India's oil supplier amid Ukraine war: Data")
Oil prices under pressure amid recession fears dogging financial markets
, LONDON (Reuters) -Oil prices fell on Thursday in a volatile week as recession fears dogged global financial markets, outweighing supply concerns and geopolitical tensions in Europe.
 "Oil prices under pressure amid recession fears dogging financial markets")
India's position on Ukraine takes care of our principles: Foreign secretary
Vinay Kwatra also answered a question on oil imports from Russia, highlighting that India's imports from the country are a small fraction of what the rest of the world imports from Russia
 "India's position on Ukraine takes care of our principles: Foreign secretary")
Why we must clearly define atmanirbharta and our reasons for chasing it
Employment deficit is a bigger problem for India than trade deficit. That and the feasibility question should not be lost in PLI's search for strategic self-reliance, writes T N Ninan
The biter bit: The sanctions on Russia are beginning to hurt buyers now
All things considered, might it have been better and cheaper, shed less blood, and avoided a huge refugee problem if Russia had been allowed a buffer zone in Eastern Europe, wonders T N Ninan
How India stands to gain amid calls for EU to ban Russian oil imports
If Europe adopts official sanctions on Russian crude and fuel, prices will likely surge, and India could profit even more from refining Russian oil to fuels it then sells to Europe for more money.
 "How India stands to gain amid calls for EU to ban Russian oil imports")
It's not in India's interest to increase oil import from Russia: Biden
The virtual meeting between the two leaders came in the midst of some disquiet in Washington over India's position on the Ukraine crisis as well as its decision to procure discounted Russian oil
 "It's not in India's interest to increase oil import from Russia: Biden")
Decision of each individual nation including India: US on Russia oil import
The White House said that it is the decision of each individual country whether it is going to import Russian oil.
 "Decision of each individual nation including India: US on Russia oil import")
Words and warning: What US has told India about economic ties with Russia
India-Russia Economic Relations: Joe Biden and his advisors have cautioned New Delhi against circumventing sanctions on Russia for its invasion of Ukraine.
 "Words and warning: What US has told India about economic ties with Russia")
Oil prices climb as Europe targets new sanctions on Russian oil imports
Ole Hansen, head of commodity strategy at Saxo Bank, expects oil prices to trade between $90 and $120 a barrel during the second quarter
Poland to end Russian oil imports; Germany warns on natural gas
Western nations have rejected that demand, arguing it would undermine sanctions over the war
 "Poland to end Russian oil imports; Germany warns on natural gas")
