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.
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.
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.
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.
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 expands Russian insurers' pool after US sanctions
India has allowed Russian insurer Soglasie Insurance Company to provide marine cover to tankers entering Indian ports, ...
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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 ...
As technology advances, fear of future shock for India's workforce
Does technology help create jobs? Economists throughout history have tried to settle the question. Adam Smith and other ...
Russia dismisses Trump's sanctions ultimatum as 'nothing new', open to 'mutually respectful' talks
The Kremlin dismisses US President Donald Trump's remarks on the Ukraine conflict, expressing openness to constructive ...
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BRICS’ Indonesia, Russia in Talks to Use Local Currencies for Trade
In 2023, Russian President Vladimir Putin revealed that the ruble and Chinese yuan already made up 80 percent of Moscow’s ...
India refiners ask ADNOC to offer oil delivered price as freight spikes, sources say
Indian state refiners have asked Abu Dhabi National Oil Co (ADNOC) to offer pricing of its crude on a delivered basis to ...
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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 ...
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 ...