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India imports a big portion of its LPG and LNG needs and has been looking to step up procurement from alternative sources. (AI image) Amid Strait of Hormuz-linked supply disruptions, India has reportedly sought a waiver from the US for buying liquified natural gas (LNG) from Russia. According to a Reuters report, India has approached…
Last Friday, the Donald Trump administration granted a 30-day waiver on sanctions for Iranian oil already in transit. (AI image) With the US waiving sanctions on Iran oil, Reliance Industries has reportedly bought 5 million barrels of Iranian crude. Reliance runs the world’s largest refining complex. The effective closure of the Strait of Hormuz has…
NEW DELHI: India’s state-run refiners are holding back from purchasing US-permitted Iranian oil cargoes despite a fresh sanctions waiver, as logistical, financial and regulatory uncertainties outweigh the short-term opportunity.According to a Bloomberg report, the hesitation comes after the United States issued a one-month waiver on Friday, allowing countries to buy Iranian crude already “on the…
As the US temporarily eases sanctions on Iranian oil imports, Indian refiners are eyeing a resumption of crude purchases from Tehran.According to Reuters, several Indian refining companies are awaiting government direction and clarification from Washington on payment terms before finalising shipments. Watch HUGE VICTORY For Iran? U.S. Forced To Lift Oil Sanctions Under Global Pressure;…
India has not imported crude oil from Iran since mid-2019, after the United States withdrew sanctions waivers. (AI image) Will India get access to Iran crude oil after over 6 years? Amid the raging Middle-East conflict and rising oil prices, the Donald Trump administration has announced a temporary relaxation of sanctions on Iranian oil. This…
A temporary waiver issued by the United States has opened the door for buyers to purchase Russian oil cargoes that are already at sea, placing nearly 30 tankers in Asian waters back in the market. According to ship-tracking data compiled by Bloomberg, these vessels together are carrying at least 19 million barrels of Russian crude…
Russia said on Friday that the global energy market “cannot remain stable” without its oil after the United States temporarily allowed the sale of Russian crude already in transit, a move that came as energy prices surged amid the escalating war involving Iran, Israel and the US.Russia’s economic envoy Kirill Dmitriev said the US decision…
India has purchased around 30 million barrels of unsold Russian crude after the United States issued a 30-day waiver allowing the country to buy shipments already stranded at sea, Bloomberg reported citing sources.According to the report, Indian refiners moved quickly to secure the available cargoes, many of which were already positioned in Asian waters, offering…
The Consulate General of India, Dubai has released an advisory to Indian citizens stranded in the UAE as flights remain affected due to the prevailing situation in the region and restrictions on airspace. Find the official advisory here. Details of the advisory: According to the advisory, scheduled flights remain suspended. Currently, scheduled commercial flights are…
India has never depended on permission from any country to purchase Russian oil, and the recent US sanctions waiver merely removes friction rather than shaping India’s energy policy, a senior government functionary said, according to PTI.The remarks came after the United States announced a temporary 30-day waiver allowing Indian refiners to buy Russian oil cargoes…
