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CRUDE OIL IMPORT INDIA NEWS
India’s Russian oil imports at 9-month high in April; uptick in US crude volumes
May 04, 2025 4:58 am
Urals crude, the mainstay of New Delhi’s oil imports from Moscow, continues to trade at a discount to rival grades from India’s traditional suppliers in West Asia
India expects Trump’s return to White House to improve oil availability, ease international oil prices
November 14, 2024 8:55 pm
For India, which is the world's third-largest consumer of crude oil and depends on imports to meet over 85 per cent of its requirement of the commodity, higher oil availability and the consequent downward pressure on international oil prices would be generally beneficial.
Top 10 largest oil-producing and consuming countries — Know where India stands
December 30, 2024 8:29 am
Top 10 largest Oil Producing and Consuming countries: India is the world's third-largest oil consumer, utilising around 5.05 million barrels per day and accounting for 5% of the global share, according to the EIA.
India emerges as top buyer of Venezuelan crude oil in December, January
February 15, 2024 9:09 pm
Indian refiners had stopped oil imports from the Latin American country in 2020 after the United States (US) imposed sanctions on Caracas. With Washington temporarily easing restrictions on Venezuela’s oil sector in October, Indian refiners — mainly Reliance Industries (RIL) — are back in the market for Venezuelan oil that is likely available at a discounted price.
India’s imports of Saudi oil in September slump to a multi-year low
September 23, 2023 9:50 am
Currently, Saudi Arabia is the third-biggest supplier of crude oil to India, behind Russia, the top supplier, and Iraq. Traditionally, Riyadh used to be New Delhi’s second-biggest source of crude after Baghdad.
India's import of Russian oil scales new high in May
June 04, 2023 3:01 pm
India took 1.96 million barrels a day from Russia in May, 15 per cent more than the previous high in April, according to data from energy cargo tracker Vortexa.
As India buys more Russian crude, obscure shipping firm makes it big
May 08, 2023 3:52 pm
According to the latest available data shared with The Indian Express by London-based maritime market intelligence firm VesselsValue, Gatik has put together a fleet of as many as 61 old oil tankers since March 2022.
Indian oil companies’ dividends totalling up to $400 million from Russian projects stuck
April 29, 2023 9:35 pm
Indian refiners started snapping up Russian crude, which was being offered at a discount by Moscow as the West began to shun Russian barrels.
Fuels from Russian oil gets backdoor entry into Europe via India
April 06, 2023 8:58 am
India's imports of Russian crude in March rose for the seventh straight month to end out the fiscal year as top supplier to India, displacing Iraq for the first time, the data showed.
Russia tightens grip on India's oil market in February; Africa's share lowest
March 13, 2023 3:15 pm
More than a third of India's total 4.94 million barrel per day (bpd) oil purchases last month came from Russia.
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