Page 7 - Russia Oil Production

India's Russian crude buying has to stop, says US trade adviser Navarro

India's Foreign Ministry has previously said the country is being unfairly singled out for buying Russian oil while the United States and European Union continue to purchase goods from Russia

India recalibrates strategy on US trade deal amid geopolitical tensions

In July, negotiators from India and US had discussed the visit of the American team for sixth round of bilateral trade negotiations during the week starting Aug 25. That visit has now been called off

India's rivals China, Turkey seek cheaper Urals, capping oil price rise

This comes as Trump-Putin meet remains inconclusive

Trump delays tariffs on China over Russian oil, says 'may revisit in weeks'

This pause in tariffs could offer India a short-term relief on crude prices and import costs despite higher duties

Picking on India: How US tariff move targets Russian oil-linked exports

The country needs energy and Trump knew that when he announced a 25 per cent tariff on much of India's exports for sourcing discounted oil from Russia, which is India's oldest ally

High levels of Russian crude imports may not last forever, says govt

The ministry was commenting on a recommendation by the panel on imports of crude oil from Russia according to the report of the panel tabled in Parliament today

SBI halts Nayara's overseas transactions over Russia sanctions risk

State Bank of India (SBI) stops Nayara Energy's overseas transactions to avoid possible US and EU sanctions linked to Russian ownership, as banks grow cautious

Trump yet to decide on tariffs over China's Russian oil purchase: Vance

US President Donald Trump has not yet decided on imposing levies on China for purchasing oil from Russia, as Washington's ties with Beijing affect many things that have nothing to do with the Russian situation", Vice President J D Vance has said. Well, the President said he's thinking about it, but he hasn't made any firm decisions," Vance told Fox News Sunday. He was responding to a question about Trump imposing significant tariffs on countries like India for buying Russian oil and whether Washington will impose similar levies on China since Beijing also buys Russian oil. "Obviously the China issue is a little bit more complicated because our relationship with China, it affects a lot of other things that have nothing to do with the Russian situation," Vance said. He added that Trump is "reviewing his options, and of course, going to make that decision when he decides. The US had initially imposed 25 per cent reciprocal tariffs on India and Trump last week slapped another 25 per c

'Indian refiners can do without Russian oil, but with trade-offs'

Indian refiners, the world's biggest user of Russian oil, can operate without supplies from Moscow from a technical standpoint, but the shift would involve major economic and strategic trade-offs, analysts said. Russian crude supports high distillate yields - the share of crude converted into fuels like petrol, diesel, and jet fuel through distillation. Replacing Russian crude, which accounts for up to 38 per cent of India's refinery intake, with alternatives will shift yields, resulting in lower middle distillates (diesel and jet fuel) and higher residue outputs, according to global real-time data and analytics provider Kpler. US President Donald Trump last week announced an additional 25 per cent tariff on US imports from India -- raising the overall duty to 50 per cent -- as a penalty for the country's continued imports of Russian oil. Since the steep tariffs are likely to hit the USD 27 billion of non-exempt exports that India does to the US, there has been chatter around stoppi

Tycoons who profit from India's increasing demand for Russian oil

This week, Jamnagar was the backdrop for a grittier story: Its oil - some of which is imported from Russia - has become a sticking point in US-Indian relations

HPCL explores alternative crude sources amid Russian price, sanction risk

Trump has decided to impose an additional 25 per cent tariff on Indian goods, citing New Delhi's continued imports of Russian oil in a move that sharply escalated tensions between the two nations

Trump's tariffs to India's oil bets: Decoding sanctions on Russia

Even before Russia invaded Ukraine in February 2022, Moscow was under sanctions due to its annexation of Crimea

US links India tariff hike to 'national security' over Russian oil imports

White House Trade Adviser Peter Navarro links extra 25% tariffs on India to its refusal to stop buying Russian oil, calling it a national security threat amid ongoing US-India trade tensions

US tariff impact: Trump's trade moves could dent India's oil bill savings

State-run refiners are covered for deliveries of crude oil in September even if Russian oil flows cease, a senior trader at a state refiner said. Another trader said they are mostly covered

India's Russian oil puzzle: Higher cost, drying offers, and tariff pressure

India's oil trade with Russia faces its toughest test yet with spiking procurement costs, tightening sanctions, disappearing discounts and the looming threat of Trump's tariffs

Why Mahesh Patil sees opportunity, not panic, in Trump's tariff escalation

If effective, the steep 50 per cent tariff would be similar to a trade embargo, and will lead to sharp fall in affected export products, especially ones with thinner margins

Oil and pressure: How India became Russia's oil lifeline after Ukraine war

India's growing reliance on discounted Russian crude has reshaped its import basket, pushing out traditional West Asian suppliers and raising questions about how easily the country could pivot

Russia oil import: India's August pipeline strong despite US, EU heat

Private-sector refiners account for around half the imports in Aug

Substantial tariff hike on India in 24 hours: US President Donald Trump

Cites New Delhi's Russian oil purchase; Kremlin slams US threats

Garcetti video resurfaces as Trump targets India's Russian oil imports

MEA defends India's oil purchase policy as US President Donald Trump accuses India of 'financing' Russia's war, escalates tariff threats and stalls trade talks