Russia Oil Production

US' 100% tariff threat: India may find it difficult to cut Russian oil buys

Amid the ongoing US-India trade negotiations, Washington has often pressured New Delhi to reduce its purchases of Russian crude

Russia says new US sanctions would make Ukraine peace deal harder

Moscow called the sanctions package an "unfriendly" move after the US House passed legislation aimed at increasing economic pressure on Russia over its war in Ukraine

Trump calls on Zelenskyy to halt strikes on Russian oil refineries

US President Donald Trump on Sunday called on Ukrainian President Volodymyr Zelenskyy to halt strikes on Russian oil refineries and other infrastructure used to produce and distribute diesel, saying the attacks are causing a global shortage. He spoke after diesel prices in the US hit a record on Friday, soaring past USD 6 a gallon on average. Ukraine has for months been targeting Russia's oil and gas industry with long-range strikes, prompting fuel rationing across the country and causing Moscow to ban diesel exports in July, removing supplies from the already tight global market. But the global crunch also came after the war on Iran curtailed oil shipments through the Strait of Hormuz. Fuel prices are weighing on Americans as they prepare to vote in mid-term elections in November. Trump was asked by a reporter if he had spoken with Zelenskyy following his recent conversation with Russia's Vladimir Putin. He responded by calling on Zelenskyy to halt strikes against Russia. "Mr ...

Russia imports record fuel from India as Ukraine strikes hit refineries

Russia imported a record 172,000 tonnes of oil products in August, including gasoline refined from Russian crude at a refinery in India that is partly owned by Russia's Rosneft, as Ukrainian drone strikes disrupted Moscow's domestic refining capacity, according to a report by the Centre for Research on Energy and Clean Air (CREA). India supplied 70 per cent of Russia's oil product imports in August, including 120,000 tonnes of gasoline worth 78 million euros, CREA said in its monthly analysis of Russian fossil fuel exports and sanctions. The volume of Russian fuel imports was more than seven times the previous monthly record and three times the total imported during all of 2025. All of the gasoline from India was loaded at the Vadinar refinery and sold by EU-sanctioned Nayara Energy to Rosneft, CREA said. Rosneft owns 49.13 per cent of Nayara Energy, while Vadinar sourced all of its crude from Russia during the first eight months of 2026, compared with 81 per cent for all of 2025, ..

Russian ambassador slams 'pressure tactics' over oil sales to India

The envoy's comments come after President Vladimir Putin and Prime Minister Narendra Modi met last week at the Shanghai Cooperation Organisation in Bishkek

India faces crude squeeze as Russian, West Asian supplies tighten

Russian crude oil supplies to India, which set records in June and July at nearly 55 per cent of the country's total imports and bailed out Indian refiners, are under threat while West Asian supplies

India emerges as key petrol supplier to Russia amid Ukrainian attacks

India has emerged as a key supplier of gasoline (petrol) to Russia amid a surge in Russian fuel imports triggered by Ukrainian drone attacks on refineries, ship tracking data showed. Russia's seaborne gasoline imports surged to a record around 125,000 barrels per day (kbd) in August, equivalent to a projected 470,000 tonnes for the month, as repeated attacks on its refineries disrupted domestic fuel production, according to energy analytics firm Vortexa. Indian refiners supplied as much as 1 million barrels of gasoline in the last two months, trade sources said. The supplies essentially came from Vadinar refinery in Gujarat, operated by Nayara Energy, which is half owned by Russia's Rosneft. Since 2022, India has pivoted towards Russia to meet a bulk of its crude oil -- raw material for making fuels like petrol and diesel. India's purchases of Russian crude oil hit a record high as the conflict in the Gulf squeezes supply from other sources. India imported more than 2.6 million ...

Indian refiners widen oil search as Ukrainian attacks hurt Russian flows

Given the pressure on Moscow's crude exports, processors have been seeking alternative barrels from regions including West Africa and even the Americas

India wary as US' Russia tariff Bill advances, keeps eye on trade talks

Official says trade talks with Washington remain 'reassuring'

Russia turns to India for gasoline as Ukrainian strikes hit refineries

It's the first time Moscow has imported the motor fuel from the South Asian nation, according to Kpler data, with the lengthy journey required an indication of how dire the crunch is becoming

India's US crude imports head for lowest level since Dec 2024: Here's why

India's US crude imports may fall to around 75,000 bpd in August, near 70,000 bpd in December 2024; imports had peaked at about 565,000 bpd in October 2025

US Senate Russia sanctions vote threatens Indian crude supplies: Kpler

A US Senate vote to advance tougher sanctions on Russia raises the risk of disruption to Russian crude supplies but is unlikely to immediately alter oil flows to India and China, according to Kpler analyst Sumit Ritolia. The US Senate on Friday passed a bipartisan Russia sanctions bill that would give President Donald Trump authority to impose tariffs of up to 100 per cent on imports from countries that are among the world's largest buyers of Russian oil and gas. The Lindsey O. Graham Sanctioning Russia Act of 2026 targets the five biggest purchasers of Russian energy and is aimed at cutting Moscow's revenues from oil and gas sales. The measure still needs to clear the US House of Representatives and faces further legislative and administrative steps before it could take effect. According to Ritolia, the measures still face further legislative and administrative hurdles, while their impact will depend largely on how aggressively the US administration implements them, including wheth

US Senate clears Russia sanctions bill with 100% tariffs on India, China

The US Senate voted overwhelmingly to approve a bill to punish Russia and key buyers of its petroleum products, such as China and India, claiming that such trade helps fuel the Ukraine war. The bill, renamed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, was approved by the Senate by an 86-11 vote. It allows President Donald Trump to impose 100 per cent tariffs on goods from countries that are top five importers of Russian oil and gas. At present China, India, Azerbaijan, Hungary and Slovakia are top five importers of oil and gas from Russia. In addition to Russia sanctions, the bill would extend till 2031 the expiration date of the Iran Sanctions Act of 1996, which penalises companies that invest in Iran's energy sector. The bipartisan bill was championed by Republican senator Lindsey Graham, who passed away on July 11, and Democrat Richard Blumenthal. After Graham's sudden death following a trip to Kyiv, leaders across the aisle moved with renewed vigour to ensu

India closely monitoring US Bill targeting buyers of Russian oil

Days after the US Senate cleared a new bill that would authorise President Donald Trump to impose tariffs of up to 100 per cent on India, China and other major buyers of Russian oil and gas, New Delhi on Friday said it was closely monitoring the situation. The bill will now be taken up by the House of Representatives for deliberation. "On energy security, our position has been clarified and very well articulated on several occasions. It is something which is predicated on our national priorities and on securing the energy needs of our 1.4 billion people through diversified sources, which includes the US," External affairs ministry spokesperson Randhir Jaiswal said. He was responding to a question on the US Senate clearing the bill by 86-12 vote. "We remain engaged with relevant stakeholders in the US at various levels on this particular matter," Jaiswal said. The Lindsey O Graham Sanctioning Russia and Iran Act of 2026 would impose primary and secondary sanctions against Russia an

Adverse developments in West Asia, US, Russia: India may be worst-hit

The legislation allows US President Donald Trump to impose tariffs of as much as 100 per cent on the top five purchasers of Russian oil and natural gas, essentially targeting China and India

9 killed, 80 injured as Ukraine strikes warehouses, oil depot in Russia

Ukrainian drones struck two sprawling warehouses, one of them just east of Moscow, as part of attacks overnight and on Saturday afternoon that killed nine people and wounded more than 80, Russian officials said. Kyiv's forces have pressed their relentless aerial campaign against energy infrastructure and military targets inside Russia, aiming to undermine Moscow's war effort and make Russians feel the consequences of the Kremlin's all-out invasion of Ukraine that is well into its fifth year. Two sprawling warehouses of Russia's major online retailer, Wildberries, were hit by Ukrainian drones overnight, according to Russian officials - one in the town of Kotovsk in the Tambov region, some 360 kilometers (220 miles) from the border with Ukraine, and another in the city of Elektrostal, about 50 kilometers (30 miles) east of Moscow. A Ukrainian drone also hit an oil depot in the city of Noginsk, just north of Elektrostal, sparking a fire and prompting evacuations of a nearby maternity .

An unreasonable Bill: Tariffs on Russian oil importers make no sense

A proposed US Bill targeting buyers of Russian oil could disrupt India's energy security and trade, even as West Asia tensions threaten global oil supplies

India's Russian crude imports jump 34% in June as Moscow's revenues slip

India's imports of Russian crude oil surged to a record high in June, rising 34 per cent from the previous month despite a decline in Russia's overall oil export revenues, according to a report by the Centre for Research on Energy and Clean Air (CREA). India bought Russian crude worth EUR 4.5 billion in June, accounting for 83 per cent of its total Russian fossil fuel imports of EUR 5.5 billion, making it the second-largest buyer of Russian hydrocarbons after China, the report said. The sharp increase came as India's overall crude imports rose 5.4 per cent month-on-month, with Russian supplies to key refineries posting steep gains. Deliveries to Reliance Industries' Jamnagar refinery jumped 150 per cent from May, while imports at Indian Oil Corp's Paradip refinery rose 126 per cent. BPCL's Kochi refinery and Nayara Energy's Vadinar refinery recorded increases of 83 per cent and 45 per cent, respectively, CREA said. The surge in Indian purchases helped lift Russia's crude export ...

Russia bans diesel exports after Ukrainian drone attacks hit refineries

Russia's temporary diesel export ban has pushed global fuel prices to multi-year highs, adding fresh pressure to energy markets already disrupted by the Iran war

Traders likely sold Nayara-made gasoline to Russia amid fuel shortages

Russia-backed private refiner Nayara has been relying on traders to import crude & export refined fuels since European Union sanctions imposed last July complicated payments with customers & suppliers