India saved $7.9B in 2023-24 oil imports by purchasing discounted Russian crude, impacting deficit. Potential $101-104B oil bill for 2024-25. Russian crude share..

India's net oil import bill could widen to $101-104 billion in FY2025, with any escalation in the Iran-Israel conflict potentially impacting import values,..

West Asia oil shipments remain stable amidst Israel-Iran tensions. Speculators influence Benchmark Brent prices. Opec's Hai Tham al-Ghais engages with India on..

Russia's crude oil imports to India surged to 35% in FY24 from 23% the previous year, surpassing other major suppliers like Iraq, Saudi Arabia, UAE, and the US...

Two senior US Treasury officials, Eric Van Nostrand and Anna Morris, visit India to discuss the Phase 2 of the Russian oil price cap. The cap aims to limit..

Oil prices rose on Middle East tensions, limited by bearish demand sentiment. Yemen's Houthis attacked ships. A U.S.-British coalition launched airstrikes...

Russian Ambassador to India emphasizes enduring friendship amid US pressure, highlighting robust bilateral ties. Warns of US attempts to disrupt relations with..

Russian crude oil tankers face issues delivering at Indian ports due to price cap enforcement by G-7 nations and challenges with shipping entities. India buys..

India's crude oil imports from Russia in November were the costliest in a year, reflecting lowering discounts on the fuel. Refiners paid an average of $85.90 a..

Vessels hauling crude from Russia, which had been idling off India, are now headed eastwards. Concerns over oil payments to Moscow caused a slump in arrivals..

Israel has three terminals for crude oil imports, Ashkelon and Haifa on the Mediterranean coast, and Eilat on the Red Sea. Ashkelon is the most important one,..

India is resisting pressure from Russian oil suppliers to pay for crude imports in Chinese currency, as tensions between India and China continue. While Russia..

India has become the leading importer of Russian seaborne oil this year, taking advantage of discounted prices following the suspension of Russian oil imports by..

Discounts on Russian oil imported by India have nearly doubled in the past two months to $8-10 per barrel, as state refiners have applied pressure on suppliers..

China's crude oil imports in September increased by almost 14% compared to the same period last year, as refiners ramped up purchases ahead of the Golden Week..

Palm oil imports increased from 1.09 million tons in July to 1.12 million tons in August, the highest in nine months, according to average estimates from the..

Indian state refiners got 852,000 barrels per day of Russian oil in August, which marks a 30% dip compared to July.

India’s splurge on cheap Russian crude may be over, as New Delhi’s traditional suppliers in the Middle East step back in with attractive conditions.“Our..

India's imports of cheap Russian oil declined for the third consecutive month in August due to reduced demand caused by monsoon rains and scheduled maintenance..

India emerged as a key consumer of Russian oil following the invasion of Ukraine, but the nation’s buying could be near its limit due to infrastructure issues..

India's oil imports from Russia have skyrocketed in recent years, accounting for 46% of India's oil imports in May. This shift has helped prop up the Russian..

India's oil imports from Russia rose to a fresh record high in April, further reducing the share of Middle Eastern and African grades to their lowest level in at..

Pakistan has ordered a single cargo of oil from Russia, but is keen to make further purchases in Chinese yuan. Russia is seeking to reduce its reliance on the..

India's imports of crude oil from Russia soared to a record 16 lakh barrels per day in February and is now higher than combined imports from Iraq and Saudi..

India’s love for discounted Russia oil is widening its trade deficit with Moscow and the casualty is their much-touted rupee trade plan.

The share of Russian crude rose to a record 28% of India’s oil imports in January, remaining the top supplier for the fourth month in a row on heavy bargain..

PM Modi will launch E20, or petrol blended with 20% ethanol on Monday, bringing forward by two years the launch of cleaner-burning version of the common man’s..

The overall import of vegetable oils during the first two months of oil marketing year 2022-23 (November-December) is reported at 3.1 million tonnes compared to..

Speaking about Russian oil imports, Jaishankar said that Europe has reduced its import in a manner that it feels is comfortable.

Russia's flagship Urals crude has been sold at deeper discounts this month following a European ban on Russian oil imports, and dominant buyer India has bought..

Reliance Industries , operator of the world's largest refining complex, is snapping up Russian refined fuels, including rare purchases of naphtha, after some..

Driven largely by a surge in oil imports, Russia has emerged as India's fifth largest trading partner during April-September, jumping from the 25th place at the..

Foreign minister S Jaishankar strongly backed India's increasing oil imports from Russia saying energy ties with Moscow have worked to India's advantage and that..

India's relationship with Russia has worked to its advantage and New Delhi would like to keep that going, external affairs minister S Jaishankar said on Tuesday,..

India's oil imports from the Middle East fell to a 19-month low in September while Russian imports rebounded although refining outages hit overall crude imports,..

India's trade deficit more than doubled to USD 27.98 billion in August due to increased crude oil imports. 

The recent announcement by the Government of India on increasing the domestic production of palm oil towards ensuring atmanirbharta (self-reliance) is a great..

India's exports rose marginally by 1.62 per cent to $33.92 billion, while trade deficit more than doubled to $27.98 billion in August due to increased crude oil..

Even after India gorging on cheap Russian crude oil in the recent months, Saudi Arabia is not a featherweight when it comes to fulfilling India's oil energy..

The finance ministry has extended concessional customs duty on edible oil imports by another 6 months till March 2023, a move aimed at increasing domestic supply..

Russian Ambassador Denis Alipov said trade between India and Russia has been on an "upswing".

Russian Ambassador Denis Alipov said trade between India and Russia has been on an "upswing".

India's crude oil imports from Russia in July fell for the first time since March along with its overall purchase while supplies from Saudi Arabia rebounded for..

Addressing the Indian community in Bangkok, External Affairs Minister S Jaishankar discussed the surge in energy prices across the world due to the ongoing..

External affairs minister S Jaishankar who is in Thailand to attend the 9th India-Thailand Joint Commission Meeting defended India's crude oil imports from..

External affairs minister S Jaishankar who is in Thailand to attend the 9th India-Thailand Joint Commission Meeting defended India's crude oil imports from..

India's palm oil imports in July fell 10% from a month ago, as refiners ramped up purchases of rival soyoil to take advantage of New Delhi's move to allow..

India's crude oil imports in June rose nearly 21% from the same month last year, helped by a steady increase in consumption, while refiners continued to bring in..

Driven by a sharp spike in crude oil shipments, India’s imports from Russia have shot up 3.7 times to top $5 billion during April and May 2022, with the value..

Exports in June rose by 23.52 per cent to $40.13 billion while the trade deficit ballooned to a record level of $26.18 billion mainly due to jump in gold and..

In June, India imported 590,921 tonnes of palm oil, the most widely consumed edible oil in the country as well as globally, up from 514,022 tonnes in May,..

Indian refiners have been snapping up Russian oil sold at hefty discounts to Brent and Middle East staples after some Western companies and countries shunned..

India tightened exports of oil and imports of gold in an all-out effort to rein in the rupee that plunged to a fresh record Friday.

China's crude oil imports from Russia soared 55% from a year earlier to a record level in May, displacing Saudi Arabia as the top supplier, as refiners cashed in..

India imported 514,022 tonnes of palm oil in May, down from 572,508 tonnes in April, according to the Solvent Extractors' Association (SEA) of India.

Russia has overtaken Saudi Arabia to become India's second-biggest supplier of oil behind Iraq as refiners snap up Russian crude available at a deep discount..

India is looking to double down on its Russian oil imports with state-owned refiners eager to take more heavily-discounted supplies from Rosneft PJSC as..