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Indian imports of Russian crude oil may stabilise or even decline in 2024 from record 2023 levels amid shrinking discounts, lower output, and a rebound in West Asian supplies, according to the ship-tracking data and industry executives. This may impact the billions of dollars in annual savings that India made last year. Imports of Russian oil jumped by a record 140 per cent in calendar 2023 to 1.79 million barrels a day (b/d) from 740,400 b/d in 2022, when Russia marched into Ukraine in February, and from just 102,000 b/d in 2021, according to the data from Paris-based market intelligence agen...

Jan 5, 2024, Author, Grace Symes, London. Editor. Phil Chaffee The global nuclear fuel market could be upended this year by one increasingly likely scenario: the possibility that Moscow cuts off all nuclear fuel supplies to the US in retaliation for a bill expected to pass this month in the US Congress. That bill would…

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has shown interest in the products from Dangote Petroleum Refinery through a letter to the plant.

Saudi Arabia has reduced the price of its crude oil for February delivery for all buyers rather than just Asian ones as it has done before.

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