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CRUDE OIL IMPORT INDIA NEWS

Oil The earlier waiver—issued in March—had expired on April 11.

Regularly bought Russian oil irrespective of US sanctions waiver, will continue importing: Govt official

May 19, 2026 5:34 am

Over the weekend, the US allowed its sanctions waiver on importing Russian oil already at sea to expire. There is no word yet from Washington on whether the waiver will be extended further.

Trump claims India agreed to stop buying Russian oil, but the Kremlin says it hasn’t heard a word about it

February 03, 2026 8:39 pm

US President Donald Trump claimed that Prime Minister Narendra Modi has "agreed to stop buying Russian Oil."

With steep dip in crude price, India oil imports up 2.4%, but bill down 12%

December 30, 2025 6:26 am

The country’s net oil and gas imports — crude oil, petroleum products, and natural gas — for the eight-month period were also down over 12 per cent year-on-year in value terms.

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 in the World. (Express File Photo)

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 (File Image)

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.