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India, Russia
India's BPCL sees March Russian oil intake down 20% as it awaits offers
India's state-run refiner Bharat Petroleum Corp sees its Russian oil processing down to 20% in March from 31% this month as it awaits offers from traders, its head of finance Vetsa Ramakrishna Gupta told an analyst call on Thursday.
Will Recent US Sanctions on Russian Oil Trigger an Oil Crisis in India?
Since the Ukraine war, India has become the second largest buyer of Russian crude oil, owing to the hefty discount Russia offered to bypass sanctions. Prior to the war, India secured most of its oil from the Middle East, with Russia not even featuring among India’s top 20 partners.
India Ups Efforts To Seek Alternatives To Russian Oil
Following Russia's invasion of Ukraine in 2022, India became a major buyer of Russian crude oil that was widely sanctioned by the West. That may be about to change.
US sanctions hit Russian oil supply to India
The wide-ranging sanctions imposed by the US on the Russian oil sector have started to dent near-term oil flows to India with state-owned Bharat Petroleum Corporation Ltd (BPCL) saying not enough cargoes are available for March.
Middlemen have halted Russian oil cargo offers after US sanctions, Indian refiner says
Middlemen supplying Russian oil are not offering cargoes due to new U.S. sanctions targeting Russian producers, tankers and insurers, according to the finance chief at Indian refiner Bharat Petroleum .
China, India seek new supplies as US sanctions tighten grip on Russian oil
Chinese and Indian refiners are seeking alternative supplies of crude as new U.S. sanctions on Russian producers and tankers are set to be the most effective yet in curbing shipments to Moscow's biggest customers,
India widens approvals for Russian insurers after oil sanctions
Directorate General of Shipping authorized Soglasie Insurance Co. to provide insurance for vessels entering Indian ports until February 2026
Indian Oil to Rebalance Crude Buying After Russia Sanctions
Crude oil purchases by Indian Oil Corp. may shift as the new US sanctions on Russia affect supplies from Moscow, pushing the South Asian country’s biggest refiner to seek alternatives.
Davos 2025: India's Biggest Refiner to Rebalance Crude Oil Buying After US Sanctions on Russia
Crude oil purchases by Indian Oil Corp. may shift as the new US sanctions on Russia affect supplies from Moscow. The sanctions may impact daily flows of as much as 2 million barrels to India and China,
Indian banks block Russian oil payments after new US sanctions
Indian banks has begun blocking payments for Russian oil imports following the latest round of U.S. sanctions against Russia's oil industry, according to a report from Energy Intelligence, an energy information company.
India Oil Buyers Pull All Levers to Replace Russian Shipments
Oil refiners in India are reaching for all available options in the rush to make up for Russian flows hit by Washington’s latest round of sanctions, turning to the spot market while simultaneously seeking more long-term supplies from Middle Eastern producers.
1d
on MSN
India expands Russian insurers' pool after US sanctions
India has allowed Russian insurer Soglasie Insurance Company to provide marine cover to tankers entering Indian ports, ...
8h
US sanctions’ impact on Russian oil trade showing, Indian refiners seek more oil from Middle East
Industry officials maintain that enough oil supply is available in the global market and replacing the lost Russian oil ...
ThePrint on MSN
9d
India’s ties with Russia a ‘deal with the devil’ & IT sector pins hope on Modi-Trump bonhomie
Global media also traces Air India's 'corporate turnaround story in sync with India’s triumphalist narrative'. But it isn't ...
CNN on MSN
7d
India achieves first space docking, becoming fourth country to achieve major milestone
India on Thursday became the fourth country to successfully achieve an unmanned docking in space, a feat seen as pivotal for ...
Hosted on MSN
2d
Rajoli Siddharth Jayaprakash: India and Russia Are Finding New Means of Cooperation
After a five-year hiatus, the Indian Prime Minister, Narendra Modi, visited Russia twice in 2024, reaffirming that both ...
1d
on MSN
Donald Trump hints at more Russia sanctions if no Ukraine peace deal reached
US President Donald Trump suggests more sanctions on Russia if President Vladimir Putin does not engage in negotiating an end ...
2d
on MSN
Why is Trump threatening India, and other BRICS nations with 100% tariffs?
Trump’s sharp stance aims to counteract the bloc’s de-dollarisation agenda, which he sees as a direct challenge to US ...
2d
India likely to boost purchases of US oil, gas following Trump's announcement
India is likely to increase its purchases of U.S. oil and gas after U.S. President Donald Trump's announcement to maximise ...
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