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.
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.
India's Russian oil imports set to drop to 600,000-650,000 bpd in December, lowest in 3 years due to Western sanctions. Refiners turn to alternatives as US tightens measures.
Russian Ambassador confirms Moscow supplies over 30% of India's oil despite Western sanctions. Russia offers favorable terms to maintain energy partnership with New Delhi.
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.
Indian Oil Corporation leads private refiners in securing Russian crude at discounted rates despite US sanctions, reshaping global oil trade dynamics and energy security.
Russia's second-largest oil producer Lukoil begins divesting international assets amid tightening US sanctions, signaling major shifts in global energy markets.
Russian oil major Lukoil plans to sell significant international assets as Western sanctions cripple operations. Discover which refineries and petrol stations face divestment.
Despite mounting US sanctions pressure, India continues its strategic oil imports from Russia, prioritizing national energy security and economic interests over geopolitical demands.
Former US President Donald Trump announces sweeping sanctions against Vladimir Putin's oil giants Rosneft and Lukoil. As Russia-Ukraine conflict intensifies, discover how India's strategic Russian oil imports are creating global waves and what this means
Discover how India transformed Western sanctions on Russia into a massive economic advantage, saving billions on oil imports while navigating complex global diplomacy. An in-depth analysis of India's energy masterstroke.
India's strategic pivot to Russian oil amid Western sanctions has dramatically reduced import costs, saving billions while maintaining energy security. Discover how this geopolitical masterstroke benefits the Indian economy.
Major Chinese state-owned oil companies suspend Russian oil acquisitions after US imposes sanctions on Rosneft and Lukoil, reshaping global energy trade dynamics.
Reliance Industries faces hurdles in Russian oil imports due to US sanctions on Rosneft and Lukoil, while Indian PSUs continue purchases via traders. Analysis of India's energy strategy amid global pressure.
Indian refiners reassess Russian oil contracts after Trump sanctions target Rosneft and Lukoil. Expert breakdown of how punitive measures impact global energy markets.
Former US President Donald Trump praises sanctions on Russia's top oil companies Rosneft and Lukoil as 'tremendous' move impacting global energy markets.
Global oil markets witness sharp price jump after US imposes fresh sanctions targeting Russian energy giants Rosneft and Lukoil, escalating economic pressure amid ongoing geopolitical tensions.