US Bill for 500% Tariff on Russian Oil Could Hit India
A proposed US law with 500% tariffs on Russian crude buyers could severely impact India's export market. Learn about the bill's details and its potential consequences for India's economy.
Category : Search result: Russian crude
India Reacts to US Bill on 500% Tariff for Russian Oil
India is closely tracking a proposed US legislation that could impose tariffs up to 500% on nations buying Russian crude. Officials reaffirm energy security needs for 1.4 billion people.
Reliance May Resume Venezuelan Oil Purchases, Awaits US Clarity
Reliance Industries may resume buying Venezuelan crude if sales to non-US firms are permitted. This move could offer India a discounted, politically acceptable oil source amid pressure to cut Russian imports. Read more.
US Seizes Russian Tanker, Moscow Deploys Sub in Response
The US seizes a Russian-flagged oil tanker in the Pacific, prompting Moscow to deploy a submarine. This escalation highlights the ongoing global tensions over sanctions enforcement. Read the full details.
US Needs Venezuela's Heavy Crude Despite Being Top Producer
Despite being the world's largest oil producer, US refineries rely on heavy crude from Venezuela, Canada & Mexico. Learn why the shale boom hasn't solved this dependency.
Indian Oil Price Drops Below $60/Barrel
India's crude oil import cost averages $59.92/barrel in January. Analysts predict further fall to $53.31 by March, easing the nation's import bill. Read the full analysis.
India 2nd Largest Buyer of Russian Oil Since Ukraine War
India has imported €144 billion worth of Russian crude since the Ukraine invasion, becoming Moscow's second-largest fossil fuel buyer. Discover the data and shifting dynamics amid sanctions.
Trump's Venezuela Oil Strategy: Heavy vs Light Crude Explained
Discover the real reason behind US interest in Venezuela's oil reserves. It's not just about quantity, but the specific type of crude. Read the full analysis now!
RIL Shares Tumble 5% on False Russian Oil Cargo News
Reliance Industries stock faced its steepest fall since June after denying a Bloomberg report on Russian crude shipments to Jamnagar. The sell-off wiped over Rs 1 lakh crore from market cap.
India's Russian Crude Imports to Hit Multi-Year Low
India's crude oil imports from Russia are poised for a sharp decline in January, potentially hitting a multi-year low, as Reliance Industries halts shipments. Explore the impact of US pressure and trade talks.
Oil falls on Venezuela supply hopes, Brent at $61.62
Oil prices declined as markets anticipate increased Venezuelan crude output post-US action. Analysts see potential for 500,000 bpd rise, but global demand and OPEC remain key. Read for price outlook.
Reliance Halts Russian Crude Oil Imports in January
Reliance Industries has stopped imports of Russian crude oil this January due to payment issues and sanctions. The move impacts India's energy trade dynamics. Read more for details.
SBI Sees Oil at $50/Barrel by 2026, Impact on India
A new SBI Research report forecasts a significant decline in global crude oil prices to around $50 per barrel by mid-2026. Discover the key drivers and what this means for India's economy and inflation.
SBI: Oil Price Could Hit $50/Barrel by 2026, Easing Inflation
SBI Research predicts a sharp fall in crude oil prices to $50 per barrel by mid-2026, driven by inventory buildup. This significant softening is expected to positively impact India's inflation and economic growth. Read the full analysis.
Venezuela Oil Revival to Benefit India's Refineries
US intervention in Venezuela could unlock discounted heavy crude for India's complex refineries, offering diversification amid pressure on Russian oil imports. Experts see medium-term gains.
Trump Threatens India With Tariffs Over Russian Oil
US President Donald Trump warns India of swift tariff hikes if it doesn't address Russian crude imports. Indian exports face a 50% tariff, with half linked to Russian oil purchases. Explore the data and strategic dilemma.
India's US crude imports jump 92%, Russia share dips
India's crude oil imports from the US soared over 92% in April-Nov 2025. Russia remains the largest supplier, but its share fell to 33.7%. Explore the shifting energy dynamics.
Venezuela Conflict to Spike Oil Prices, India Unscathed
US military action in Venezuela is expected to trigger a surge in crude oil and commodity prices due to geopolitical tensions. However, India's minimal trade ties mean limited economic impact. Read expert analysis.
Venezuela's Oil Shift: Winners & Losers After Maduro
The capture of Venezuela's Maduro reshapes global oil flows. U.S. Gulf Coast refiners stand to gain from renewed heavy crude access, while Canadian producers face long-term competition. Full analysis inside.
Russian oil discount to India jumps to $8 a barrel
Russian crude suppliers now offer Indian refiners discounts up to $8 per barrel, doubling since October. This could lower India's import bill as global oil prices hover around $60. Read more.
Oil Steady at $61 as Supply Surplus Offsets OPEC Risks
Oil markets opened 2026 cautiously as a forecast 3.8 million barrel daily surplus counters Middle East tensions. Key OPEC meeting set for Jan 4. Read the full analysis.
Indian Oil Buys Colombian Crude for First Time
Indian Oil Corp makes landmark Colombian crude purchase as Russia sanctions reshape global oil flows. Discover how India is diversifying its energy sources.
India Monitors Russian Oil Buys Weekly for US Trade Deal
India mandates refiners to report weekly crude imports from Russia & US, seeking accurate data for sensitive trade negotiations. Talks face hurdles over Russian oil purchases and agricultural access.
Oil Rises on Geopolitical Risks After Steep 2025 Decline
Crude oil prices saw a slight increase on the first trading day of 2026, following their sharpest annual fall since 2020. The uptick is driven by renewed geopolitical tensions, including Ukrainian drone strikes on Russian oil facilities and fresh US sanct
Oil Set for Deepest Annual Loss Since Pandemic, Down 20%
Crude oil prices are on track for their steepest annual decline since 2020, with a 20% drop this year. Key factors include a looming surplus, OPEC's upcoming meeting, and geopolitical tensions. Read the full analysis.
Russian Oil to India Plunges to 3-Year Low
India's Russian oil imports crash to a 3-year low of 1.1M bpd in Dec 2025 as US sanctions bite. Reliance pauses buys, state refiners tread cautiously. What's next for India's energy security? Read more.
New Traders Step In as US Sanctions Hit Russian Oil Supply to India
US sanctions on Rosneft & Lukoil reshape India's Russian crude imports. Little-known UAE-based intermediaries gain market share as December volumes hit a 3-year low. Analysis & expert insights inside.
India's Russian Crude Imports Fall in December
India's Russian crude imports are expected to fall to 1.2 million barrels per day in December, down from November. However, the trade relationship remains structurally strong despite the monthly decline.
India's Oil Import Bill Falls 12% as Crude Prices Dip
India's oil import bill fell 12% to $80.9 billion in Apr-Nov FY26 despite higher volumes, as global crude prices averaged $67.6/barrel. Net oil & gas imports also declined over 12%. Read the full analysis.
Oil prices surge amid Russia-Ukraine, Middle East tensions
Brent crude surged 2.1% to $61.94 as geopolitical risks from Russia-Ukraine conflict and Yemen instability threaten supply. Key market drivers and price outlook analysed.
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