India's Russian Oil Imports Set for Sharp Drop in 2026
Trump's sanctions on Rosneft & Lukoil may slash India's Russian crude imports to a 4-year low by Jan 2026. Will India find new pathways? Read the full analysis.
Category : Search result: India imports crude petroleum
US Tariffs Pressure India Over Russian Oil Imports
Facing US pressure over Russian oil imports, India navigates trade talks as Putin promises reliable energy supply and expands nuclear collaboration. Details inside.
RBI Governor: US Tariffs an Opportunity, Impact Minimal
RBI Governor Sanjay Malhotra says US tariffs on Indian exports have 'minimal' impact, calling it a chance to diversify. Exports to US fell 28.5% after duties hit 50%. Read more.
India's $59 Billion Trade Deficit with Russia Needs Balancing: Goyal
Commerce Minister Piyush Goyal calls for diversifying trade with Russia to address a skewed $59 billion deficit. Explore the details and future steps for bilateral trade balance.
Saudi Arabia Slashes Oil Price to Asia to 5-Year Low
Saudi Arabia cuts January 2026 crude oil price to Asia to a five-year low as OPEC+ raises output and supply surplus looms. Details on market impact and Chinese demand.
US Lifts Some Lukoil Restrictions, India's Russian Oil Imports Dip
The US has granted a temporary exemption for Lukoil-branded fuel stations outside Russia until April 2026. This move comes as Indian refiners cut purchases of sanctioned Russian crude, with imports expected to plummet.
Govt: E20 Fuel No Risk to Vehicle Performance
The Indian government has clarified that E20 fuel does not compromise vehicle durability or efficiency, addressing public concerns. Learn the facts about ethanol blending.
Oil Prices Fall on Weak Demand, Await Ukraine Peace Outcome
Global oil prices fell for a second day as weak demand and rising US inventories weigh on markets. Investors eye Ukraine peace talks for signs of Russian supply changes. Brent crude trades at $62.32 a barrel.
Global Oil Glut: Why Prices May Not Collapse in 2026
Global oil surplus could push prices lower in 2026, but geopolitical tensions from Ukraine to Venezuela may provide a floor. Experts analyse OPEC's role and market balance.
India imports 5.4M tonnes Russian oil via shadow fleet
India imported 5.4 million tonnes of Russian oil using shadow fleet tankers to bypass Western sanctions, according to CREA report. Moscow relies on old vessels to maintain exports amid restrictions.
Oil Falls on Ukraine Peace Talks, OPEC Meeting in Focus
Crude oil prices declined as Ukraine-Russia peace negotiations continue. All eyes on upcoming OPEC meeting for output decisions. Get latest market updates.
Russian Popeye Risks Losing Both Arms After Oil Injections
Kirill Tereshin, known as Russian Popeye, faces possible amputation of both arms after years of injecting petroleum jelly. Read his shocking body modification journey.
India's Russian Oil Imports Drop 47% in December
India's crude oil imports from Russia projected to fall by 47% to 1 million bpd in December due to US sanctions on Rosneft and Lukoil. Indian refiners diversifying supply sources.
Oil prices fall as Ukraine-Russia ceasefire hopes grow
Global oil prices decline on expectations of Ukraine-Russia ceasefire unlocking Russian supply. Brent crude drops to $62.92 amid thin Thanksgiving trading. Read latest market analysis.
Israel Doubles VAT Exemption Limit on Personal Imports
Israel increases VAT exemption threshold for personal imports from $75 to $500 starting July 1. Major relief for international shoppers and Israeli consumers.
Oil Prices Rise Amid Oversupply Fears and Peace Deal Hopes
Oil prices climbed on Wednesday after a recent slide, but gains were capped by an expected supply glut in 2026 and potential Russia-Ukraine peace deal. Key market analysis inside.
Elliott Wins $5.89B Citgo Auction in Venezuela Asset Sale
Amber Energy, an Elliott Investment Management affiliate, wins court-ordered auction for Citgo Petroleum parent company. $5.89 billion deal marks crucial step in Venezuela's foreign asset resolution.
India's Russian Oil Imports Hit 5-Month High
India's Russian oil imports surge to five-month peak in November as President Putin prepares December visit. Get latest updates on energy diplomacy and trade relations.
Oil Prices Could Fall to $30s by 2027: JP Morgan
JP Morgan warns global oil supply is outpacing demand, risking a price crash to $30s per barrel by 2027. Will producers act to rebalance the market? Read more.
Crude Oil Prices Fall as Ukraine Peace Talks Advance
Crude oil prices declined Tuesday, erasing Monday's gains amid Ukraine-Russia peace negotiations. MCX crude traded flat at ₹5,236/barrel while global benchmarks showed modest gains. Expert analysis included.
Trump's Ukraine Plan: A Strategic Test for India
Trump's 28-point Ukraine peace plan, favoring Russia, crosses Kyiv's red lines. For India, this US-Russia shift is sobering amid new 25% US oil tariffs. Delhi must navigate carefully.
Oil Falls 2% as US Pushes Russia-Ukraine Peace Deal
Crude oil prices plunged to one-month lows as US peace efforts could boost Russian oil exports. Brent fell to $62.33, WTI to $57.83. Market watches sanctions and Fed rates.
India: WTO Farm Import Quotas Unused, Weak Demand
India informs WTO its farm import quotas for milk, maize, and oils went unused in FY25, driven by market conditions and sufficient domestic production. Read the full analysis.
US Sanctions Indian Firms for Iran Oil Trade
US imposes sanctions on TR6 Petro India and other entities for trading Iranian oil, citing terror funding concerns. Full details on the crackdown.
RIL stops Russian oil imports for export refinery
Reliance Industries stops importing Russian crude for its export-focused refinery to comply with EU ban on Russian-origin petroleum products. RIL accounts for half of India's Russian oil imports.
Reliance stops Russian oil use due to EU sanctions
Reliance Industries ceases Russian oil imports at export-focused refinery to comply with EU sanctions. Key market pressure forces strategic shift in crude sourcing.
Russian Oil Discounts Jump to $5-6 Amid Sanctions
Russian oil discounts surge to $5-6 per barrel as buyers avoid sanctioned firms Rosneft & Lukoil. Indian refiners shift to unsanctioned suppliers amid expected supply disruptions.
India Inks Deal for 2.2 Million Tonnes US LPG Imports
India secures 2.2 million tonnes of LPG from US suppliers in one-year agreement, strengthening energy ties and ensuring stable cooking gas supply for consumers nationwide.
India Purchases €2.5B Russian Oil Before Sanctions
India imported €2.5 billion worth of Russian crude oil in October 2024 ahead of new EU sanctions. Read about India's strategic energy moves and market impact.
Pakistan Petrol Price Unchanged, Diesel Up by PKR 6
Pakistan government maintains petrol price at PKR 265.45 per litre while increasing diesel by PKR 6. New rates effective until October 31. Impact on inflation analyzed.
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