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Russia continues to remain India's top crude supplier; imports rise 7% in March

India's import of oil from Russia was higher than supplies from Iraq, Saudi Arabia and other countries in March. Imports of the discounted oil sold by Moscow remain high despite US sanctions on one of Russia's biggest tanker groups in late February.

Varandey , Nenetskiy-avtonomnyy-okrug , Russia , India , Saudi-arabia , Ukraine , Moscow , Moskva , Iraq , Russian , Reuters

Can India Sufficiently Internationalize Its Rupee For Oil Payments?

India's Prime Minister Narendra Modi wants to pay for imports in rupees and ditch the dollar, especially for oil payments. Here's why it is going to be a tough ask.

Sri-lanka , Malaysia , India , Kazakhstan , Bangladesh , Russia , Moscow , Moskva , Germany , United-arab-emirates , Oman , Tanzania

India's basket of crude price not likely to decline in FY25

The price of the Indian basket of crude oil is meant to largely represent the cost of the country’s crude imports

Dubai , Dubayy , United-arab-emirates , Ukraine , Oman , Russia , Iraq , India , Russian , Prashant-vasisht , Natural-gas-oil-psus , Ministry-of-petroleum

India says Russian oil import drop not due to payment challenges

India Business News: Indian refiners reduced oil imports from Russia as discounts on cargoes weren’t attractive, according to oil minister Hardeep Singh Puri, who dismisse.

Red-sea , Djibouti-general- , Djibouti , Ukraine , New-delhi , Delhi , India , Russia , Moscow , Moskva , Washington , United-states

Bharat Petroleum may join Reliance, IOCL to secure oil from Venezuela

Bharat Petroleum Corp (BPCL) is looking at buying Venezuelan oil., said BPCL's refinery head Sanjay Khanna. However, he said that these imports won't overshadow BPCL's Russian oil purchases. Reliance, Indian Oil Corp, and HPCL-Mittal Energy had already booked Venezuelan oil cargoes post-sanctions.

India , Venezuela , China , Russia , Venezuelan , Bharat , Russian , Chinese , Sanjay-khanna , Viktor-katona , Hpcl-mittal-energy , Indian-oil-corp

India oil imports: India bought Russian oil at $84.2/bbl in October, highest since December

India paid the highest prices for Russian oil in October, exceeding the $60 price cap set by the Group of Seven nations. This boosts Moscow's revenues despite western nations' efforts to curb the producer's income and funding for the Ukraine war. India, the world's third-biggest oil importer and consumer, has become the biggest buyer of seaborne Russian crude as western nations cut purchases after Moscow's invasion of Ukraine over a year ago.

India , Saudi-arabia , Iraq , Greece , Ukraine , United-states , Spain , Moscow , Moskva , Russia , New-delhi , Delhi

Low oil prices could fuel the next phase of India's growth

The increasing likelihood of softer global crude prices is good news for India and boosts optimism as the economy continues to defy weak global growth

India , China , Venezuela , Russia , Venezuelan , Organization-of-petroleum-exporting-countries , National-statistics-office-on , Reuters , Petroleum-exporting-countries , National-statistics-office , Oil-prices

India shows some reliance on Venezuelan oil after 3-year hiatus as US sanctions ease

India plans to resume importing Venezuelan oil after a three-year pause, seizing the opportunity presented by eased US sanctions on the South American nation. Reliance Industries Ltd has booked two supertankers, C. Earnest and C. Genuine, along with Very Large Crude Carrier Eucaly, potentially holding a total of 6 million barrels.

Panama , Shandong , Jiangsu , China , United-states , Venezuela , Washington , India , American , Venezuelan , Chinese , Viktor-katona

India shows some 'reliance' on Venezuelan oil after 3-year hiatus as US sanctions ease

India plans to resume importing Venezuelan oil after a three-year pause, seizing the opportunity presented by eased US sanctions on the South American nation. Reliance Industries Ltd has booked two supertankers, C. Earnest and C. Genuine, along with Very Large Crude Carrier Eucaly, potentially holding a total of 6 million barrels.

Washington , United-states , India , Venezuela , Shandong , Jiangsu , China , Panama , American , Venezuelan , Chinese , Viktor-katona

India's oil imports: India's oil imports from Russia rebound in November: Data

India's Russian oil imports rebounded in November after several plants came back online from planned maintenance and as fuel consumption rose during the Diwali festive season, preliminary data from ship-tracking firms Kpler and Vortexa showed.

Russia , Dubai , Dubayy , United-arab-emirates , United-states , Sri-lanka , Saudi-arabia , India , Ukraine , Russian , Saudi , Viktor-katona