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CRUDE OIL IMPORT NEWS
With Trump sanctioning Russian oil firms, India needs to reassess its energy imports
October 25, 2025 12:09 am
The US has been joined by the EU, which has also unveiled measures that target Russian oil and gas. This marks a significant change in Western policy. But these moves will also disrupt global oil markets
Trump’s tariffs have forced no change in Indian refiners’ Russian oil import strategy, say top officials
August 15, 2025 3:15 am
Indian refiners’ hefty imports of Russian crude have surfaced as a major irritant for the Trump administration.
India set to ramp up oil imports from Russia, Africa, US and Latin America
June 24, 2025 8:54 am
India’s oil sourcing strategy is already reflecting a risk-hedged posture pertaining to West Asian oil flows with Russian oil dominating India’s oil import mix.
Pakistan signs agreement to defer USD 1.2bn payment for Saudi oil
February 04, 2025 11:58 am
Pakistan Prime Minister Shehbaz welcomed the signing of the oil import financing facility, the Prime Minister's Office (PMO) said in a statement, adding that Pakistan will receive the oil on deferred payment for one year, it said.
India’s oil imports rebound in November with refineries back in full swing
December 18, 2024 10:43 am
Russia, other top suppliers see sequential growth in volumes in shipments to India
Crude imports fall amid refinery shutdowns and West Asia tension
November 03, 2024 8:06 am
Going forward, industry watchers expect oil imports to rebound in November as all Indian refiners would be fully back on stream amid robust demand and expectations of relatively limited oil price volatility in the international market.
India’s reliance on imported oil, natural gas grows as stagnant domestic production lags demand growth
October 28, 2024 7:48 am
Import dependency in the case of natural gas was 51.5 per cent in the first six months of FY25, up from 46.8 per cent a year ago and 47.1 per cent for the full FY24.
Indian refiners likely saved at least $10.5 billion by buying discounted Russian oil, data suggests
July 11, 2024 11:28 pm
According to The Indian Express’s analysis of India’s official trade data, Indian refiners likely saved at least $10.5 billion in foreign exchange between April 2022 and May 2024 by ramping up purchases of discounted Russian crude oil following the outbreak of the war in Ukraine.
Sanctions notwithstanding, India’s Russian oil imports surge as Moscow pushes more oil overseas
May 03, 2024 9:27 am
Indian refiners imported a total of 1.96 million barrels per day (bpd) of Russian crude oil in April, the highest since July of last year, and nearly 19 per cent higher than volumes imported in March, as per commodity market analytics firm Kpler.
Reliance on oil imports rises in April-February, likely to hit fresh full-year high in FY24
March 18, 2024 10:11 am
Total production of petroleum products from domestic crude oil was 26.1 million tonnes in April-February, which means that the extent of India’s self-sufficiency in crude oil was just 12.3 per cent, down from 12.8 per cent in the corresponding period of the last financial year.
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