Page 12 - Oil Imports

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

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.

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.

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

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

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.

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

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.

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