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According to the International Energy Agency, India purchased 1.9 million barrels per day during the first nine months of 2025. (AI image) Donald Trump sanctions impact: With the US and EU imposing fresh sanctions on Russian oil, Indian oil refiners have stopped any fresh orders of Russian crude. According to a Reuters report, the refiners…
NEW DELHI: Reliance Industries on Friday said that it is adapting its refinery operations to meet the US sanction on Rosneft and Lukoil – the largest exporters of Russian crude. However, Washington’s latest offensive will not pinch fuel consumers for now as state-run refiner-retailers will absorb the impact of finding replacement supplies at market rates…
India’s state-run oil refiners are expected to continue importing Russian crude through intermediary traders despite fresh US sanctions on Rosneft PJSC and Lukoil PJSC, two of Russia’s largest oil companies, industry sources told PTI. The sanctions target firms accused of helping fund the Kremlin’s “war machine” in Ukraine.The sanctions, announced this week, cover companies that…
India is the world’s third-largest oil-importing and consuming nation and it depends heavily on overseas supplies. (AI image) With the Donald Trump administration slapping sanctions on two major Russian oil firms – Rosneft and Lukoil – refiners in India are reviewing their oil contracts. State-owned refiners are reportedly examining their documents for Russian oil procurement…
US official claims India cut Russia oil imports by 50% (AI image) The United States and India recently engaged in fruitful trade discussions, during which it was revealed that Indian refiners are set to reduce their imports of Russian oil by 50%, according to a White House official speaking to Reuters on Thursday. However, Indian…
US President Donald Trump claimed that Prime Minister Narendra Modi had given assurance that India would discontinue purchasing oil from Russia. (AI image) India is looking to reduce its Russian oil imports with refiners planning a gradual reduction, according to a Reuters report quoting sources. Russia continues to be India’s largest crude oil supplier. The…
In August, the Donald Trump administration announced 50% tariffs on US imports of Indian products. (AI image) India is set to ramp up imports of Russian crude in the coming months at a time when the US has imposed 25% additional tariffs on it for Russian oil trade. Indian refiners plan to increase Russian oil…
Russia remained the main supplier, delivering about 1.6 million bpd, constituting 34 per cent of total imports. (AI image) Donald Trump-led US government may be pressurising India to curb its crude oil trade with Russia, but Russian oil continues to form the biggest share in India’s crude import basket.India’s imports of Russian crude oil showed…
The US has responded to India’s continued purchase of discounted Russian oil by imposing tariffs on Indian goods. (AI image) Hit by Ukraine’s drone attacks, Russia’s oil refineries are reeling – but India has turned this crisis in Russia into an opportunity. The substantial price difference between Russian and Middle Eastern oil has attracted Indian…
