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OIL IMPORTS NEWS
US sanctions on Russia’s Rosneft and Lukoil pose a tough question for India: How far will it go in resisting pressure?
October 27, 2025 11:55 am
Washington’s strike on Russian oil isn’t just about punishing Moscow — it’s about reshaping who controls oil, currency, and power
Can US pressure on India force Putin to end the war in Ukraine? Here’s why it's unlikely
August 28, 2025 7:11 pm
India has said that its objective is to ensure the energy security of India’s 1.4 billion people, and that it would take all actions necessary to protect its national interests. And for Russia, the war is about existential issues, not merely about its economy, many experts believe
India’s oil imports from US surged over 270% in first four months of year
June 28, 2025 2:50 am
Negotiations between India and the US for an interim trade deal by July 9 have entered their final phase.
As US sanctions cast shadow on India’s Russian oil imports, smaller suppliers from Africa, Latin America cash in
March 07, 2025 8:40 am
In February, India’s oil imports from Russia declined 14.5 per cent month-on-month to 1.43 million barrels per day (bpd), the lowest since January 2023, shows data from commodity market analytics firm Kpler.
A 14-fold jump in soyabean oil imports from Nepal triggers red flags in India
February 17, 2025 7:49 am
With a 19 per cent overall surge in the April to November 2024 period to nearly $3 billion compared to $2.5 billion in 2023. However, during the comparable period, Brazil — one of the top producers of the commodity — registered a drop in exports.
US sanctions on Russian oil tankers to hit imports, Trump’s stance key: Official
January 16, 2025 9:15 am
A senior Indian government official said a lot would depend on how the incoming Donald Trump administration views the sanctions and how seriously it implements these in the coming months.
India’s Russian oil imports flow heavy despite tighter sanctions
April 03, 2024 7:51 pm
Indian refiners are now refusing to take delivery of crude transported by Sovcomflot tankers in an evident bid to steer clear of any secondary sanction risk
OPEC expects share of Indian oil imports to rise again
March 06, 2024 7:51 pm
India, the world's third-biggest oil importer and consumer, is forecast by the International Energy Agency to be the world's biggest oil demand growth driver through 2030.
Oil imports from Russia stable in Feb, little room seen for volume growth
March 02, 2024 9:30 am
A combination of reasons — including a drop in Sokol crude purchases by Indian refiners, narrowing discounts on Russian crude, increasing cost of freight and risk premiums amid the Red Sea crisis, and a rising number of tankers being sanctioned by the United States for G7 price cap violations — indicate low possibility of growth in India’s Russian oil imports over the next few months.
Russia remains India’s top oil exporter despite supply hitting 12-month low
February 05, 2024 12:12 pm
Russia continues to remain India's top oil supplier, accounting for a little less than a quarter of 4.91 million barrels a day of oil that the world's third largest energy consumer imported in January.
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