India, Russia

India says sanctioned Russian oil tankers can discharge before Feb 27
The United States has clarified to India that tankers loaded with Russian oil have to discharge by Feb. 27 under the latest sanctions targeting Moscow's oil revenue, India's oil secretary Pankaj Jain told reporters at an event.
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.
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'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.
India is staring at an oil shock as U.S. sanctions on Russian crude loom
India is now staring at the possibility of an oil shock after the U.S. decided to implement sweeping sanctions on Russia’s oil industry.
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 volumes should not be difficult.
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.
India State Refiner Struggles to Get Russian Crude for March
Indian refiner Bharat Petroleum Corp Ltd. isn’t able to get Russian crude cargoes for March delivery, underlining how stringent US sanctions have upended Moscow’s oil trade and forced Asian buyers to seek alternatives.
Why India’s BPCL expects lower processing of Russian crude in March?
Bharat Petroleum Corp (BPCL), a state-owned oil refiner in India, anticipates a reduction in its processing of Russian oil to 20% in March, compared to 31% in the current month. This information was shared by Vetsa Ramakrishna Gupta,
BPCL sees March Russia oil intake down 20%
India's Bharat Petroleum Corp projects a decline in Russian oil processing to 20% in March from 31% in February due to unclear supply conditions. The company copes by sourcing alternatives and expanding tenders,
India’s oil imports from US likely to go up but refiners to evaluate logistics costs, discounts
The jump in India’s imports from the US could arise from increased output under new President Donald Trump but the actual ...
India's Bharat Petroleum to invest $121 mln to develop Indonesian oil and gas block
India's Bharat Petroleum Corp (BPCL) plans to invest $121 million to develop the Nunukan oil and gas block in Indonesia, the ...
India’s oil demand likely to hit yet another record in 2025-26 as consumption of major fuels set to rise
The consumption growth is expected to be led by fuels and products like petrol, aviation turbine fuel (ATF), liquefied ...
More potential for oil & gas purchases between India & the US: India’s Oil Minister
Oil Minister Hardeep Singh Puri discusses potential increase in US energy supply to India amid global oil market dynamics.
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 ...
BPCL’s proposed mega refinery in Andhra Pradesh to be costliest in India at Rs 95,000 crore
The India's last greenfield refinery project coming up in Andhra Pradesh is likely to be commissioned in 48 months from the ...
USD/INR declines after mixed Indian PMI data
Moody's Ratings on Thursday noted the Indian Rupee has depreciated by around 5% in the last two years and has fallen by 20% ...
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 ...