Page 12 - Oil Imports

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.

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

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.

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.

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

Indian Oil buys 3 mn barrels of Russian Urals for May loading: Report

Indian Oil Corp, the country's top refiner, on Wednesday bought 3 million barrels of Russian Urals and 2 million barrels of West African oil through a tender for May loading

Indian Oil buys 3 million barrels of Urals for May loading: Report

Urals crude has been purchased from trader Vitol on delivered basis at a "discount", they said

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

Nayara Energy buys Russian Urals crude after gap of 1 year: Report

Indian private refiner Nayara Energy, part-owned by Russia's Rosneft, has purchased Russian oil after a Urals a year, buying about 1.8 million barrels of Urals from trader Trafigura

India's February palm oil, sunflower oil imports drop month-on-month

India's palm oil imports in February fell 18% from a month prior because of higher prices, while sunflower oil imports plunged 50% as supplies from the Black Sea region were disrupted

Ukraine conflict: Canada bans imports of oil products from Russia

Canada is banning imports of oil products from Russia, the Canadian government announced on Friday.

US House supports ban on Russian oil imports for invading Ukraine

House overwhelmingly approved legislation Wednesday night that would ban Russian oil imports to the US, an effort to put into law the restrictions announced by Biden in response to the Ukraine war

Explained: Why Japan's power sector depends so much on LNG

Resource-poor Japan depends overwhelmingly on fossil-fuel imports to meet its energy needs, complicating calls for the nation to boycott Russia's oil and LNG after Moscow's invasion of Ukraine

US ban on Russia oil may leave more cargoes at sea with no buyers: Analysts

US ban on Russian oil imports is likely to leave more cargoes at sea with no buyers, and the EU's decision to continue imports was unlikely to make much difference to disarray in Russian oil trade

Joe Biden to ban Russian oil imports over Ukraine war, says report

President Joe Biden has decided to ban Russian oil imports, toughening the toll on Russia's economy in retaliation for its invasion of Ukraine, according to a person familiar with the matter. The move follows pleas by Ukrainian President Volodmyr Zelenskyy to US and Western officials to cut off the imports, which had been a glaring omission the massive sanctions put in place on Russia over the invasion. Energy exports have kept a steady influx of cash flowing to Russia despite otherwise severe restrictions on its financial sector. Biden was set to announce the move as soon as Tuesday, the person said, speaking on the condition of anonymity to discuss the matter before an announcement. The White House said Biden would speak on Tuesday morning to announce actions to continue to hold Russia accountable for its unprovoked and unjustified war on Ukraine. The US will be acting alone, but in close consultation with European allies, who are more dependent on Russian energy supplies. Natur

India's February sunflower oil imports fall as war disrupts shipments

Ukraine and Russia account for more than 90% of India's imports of sunflower oil

BPCL seeks extra Gulf oil, fearing Russian supply hit: Report

BPCL, India's second-biggest state refiner, on an average buys two million barrels of Russian Urals every month on a delivered basis

Russia-Ukraine crisis: Sunflower prices heading north in South India

The price increase in other parts of India has not been that steep so far