Page 5 - Russia Oil Production

Reliance denies claims of Russian crude shipments to Jamnagar refinery

Reliance Industries said its Jamnagar refinery has not received Russian crude in three weeks and expects no deliveries in January

Ships with Russian oil signal Reliance's Jamnagar refinery as destination

The vessels, laden with nearly 2.2 million barrels of Urals, are currently signaling the huge Jamnagar complex and are expected to deliver their cargoes early this month

China, EU lead Russian fuel purchases as India suffered despite cuts

India has gained the least since Russia invaded Ukraine in February 2022 and was penalized the most, while the US, China and the European Union emerged as the biggest beneficiaries from the war

Why Russian oil shipments to India are set to plunge in Dec and what's next

Overall Russian oil deliveries to India had slowed to as little as 712,000 barrels a day in the second week of December, before rising, according to Kpler

India's Russian oil imports down 18% in Jan-Oct 2025, US imports zoom 83%

India slightly cut its reliance on Russian crude in early 2025, while imports from the US surged 83.3 per cent in value to $7.8 billion, reflecting a strategic shift toward alternative crude sources

Tankers with Russian oil shunned by India pile up off China coast

At least five vessels carrying about 3.4 million barrels were idling in the Yellow Sea as of Wednesday, double the volume of last week and the highest level for the grade in that region

India's Russian oil imports strong, to exceed 1 mn barrels per day in Dec

Ties between the two countries have remained strong despite pressure from Western sanctions after Russian President Vladimir Putin met with Prime Minister Narendra Modi

India's crude oil loadings from Russia dip, but robust in December

Unless wider secondary sanctions are introduced, India is expected to continue sourcing from non-sanctioned Russian suppliers, say experts

New sellers, old oil: How Russian crude still flows to India via West Asia

Emergence of new sellers reflects the importance of the $60 bn Indo-Russian trade to oil producers and refiners of both nations

Russia's vital oil trade with India falls for now, but is far from over

By contrast, oil cargoes arriving in India from Russia next month could fall as far as 600,000 barrels a day, the weakest level since early 2022

Putin questions US pressure on India over Russian oil purchases

Putin's first visit to India in four years aims to increase sales of Russian oil, missile systems and fighter jets and widen business links beyond energy and defence equipment

India's crude security holds as refiners pivot from sanctioned suppliers

With the November 21 deadline now past, India's Russian crude inflows are easing but not collapsing as refiners pivot to non-sanctioned suppliers, tap alternatives and benefit from soft global prices

India tops Russian oil imports via 30 false-flagged tankers: Think tank

European think tank CREA has claimed that these shipments made India the largest national destination for crude moved by Russia's growing 'shadow fleet'

Indian banks consider financing Russian oil from non-sanctioned sellers

India's oil-buying patterns are in the spotlight as Washington raises the pressure against Moscow over the war in Ukraine, while at the same time promoting talks aimed at ending the conflict

India's Russian oil imports set to fall to three-year low in December

This month, India is expected to receive 1.87 million bpd of Russian crude, provisional data from Kpler showed

'New US sanctions threaten to disrupt India's Russian crude oil lifeline'

India's imports of Russian crude oil - the feedstock for fuels like petrol and diesel - are expected to drop sharply in the near term but not halt entirely as new US sanctions on Moscow's top oil exporters take full effect, analysts said. US sanctions on Rosneft and Lukoil, and their majority-owned subsidiaries, took effect on November 21, effectively turning crude linked to these firms into a "sanctioned molecule". India's crude oil imports from Russia, averaging 1.7 million barrels per day (bpd) this year, remained firm ahead of the cutoff, with November arrivals projected at 1.8-1.9 million bpd, as refiners maximise discounted purchases. But flows are expected to drop noticeably in December and January, with analysts estimating near-term declines to around 4,00,000 bpd. Traditionally, reliant on Middle Eastern oil, India significantly increased its imports from Russia following the February 2022 Ukraine invasion. Western sanctions and reduced European demand made Russian oil ...

US sanctions risk leaving 48 million barrels of Russian oil stranded at sea

Washington's move last month to blacklist top oil producers Rosneft PJSC and Lukoil PJSC is arguably its most aggressive to date under the current administration

Lawmakers pass bill raising taxes for Russians branded as foreign agents'

Russian lawmakers approved a new bill Thursday boosting taxes for those labelled foreign agents by the government. The bill, which passed its third and final reading in the lower house of parliament, outlines an income tax rate of 30 per cent for individuals with the designation and takes away their right to government tax breaks. Income tax for most residents ranges between 13 per cent and 22 per cent, depending on their earnings. The 30 per cent tax rate previously only applied to nonresidents who were working for foreign companies. The bill also bars organisations labelled as foreign agents from applying for reduced corporate income tax rates. Those who betrayed our country should not receive tax breaks, lawmaker Vyacheslav Volodin said in a social media post announcing the bill's passage. They will pay higher taxes to the state budget. The legislation must be approved by the upper house and then signed by President Vladimir Putin before it becomes law. The changes are just on

As sanctions on Russian oil loom, India prepares to end its buying spree

India has been snapping up discounted Russian crude for three years, but US sanctions that take effect on Friday are expected to end the lucrative trade

Indian OMCs unlikely to see impact on margins after US curbs on Russian oil

Fitch Ratings says sanctions on Rosneft and Lukoil - which supply around 60% of India's Russian crude - may not materially affect OMC margins, though compliance challenges