India to drastically cut Russian oil imports from November
India's top refiners plan dramatic reduction in Russian crude imports, exploring alternative suppliers amid changing global energy dynamics. Major shift expected from late November.
India's top refiners plan dramatic reduction in Russian crude imports, exploring alternative suppliers amid changing global energy dynamics. Major shift expected from late November.
India dramatically reduces direct Russian crude purchases as US sanctions tighten payment mechanisms. Major refiners shift strategy while maintaining supplies through traders.
US sanctions on Russian oil tankers cause massive drop in shipments to India and China. Discover the global energy dilemma and whether markets can permanently ditch Russian crude.
Indian markets brace for volatile session as global cues, economic data, and corporate developments create perfect storm. Discover the 8 crucial factors every investor must watch.
India's Russian oil imports dropped by 16% in December 2023 as US sanctions disrupted payment mechanisms, forcing refiners to seek alternatives from Middle East suppliers.
Indian rupee weakens marginally against US dollar, settling at 88.75. Explore key factors driving currency movement and RBI's intervention strategy in volatile forex markets.
Indian rupee continues downward trend, falling to 88.77 against US dollar amid strong American currency and elevated crude oil prices. Forex traders remain cautious as domestic equity markets show mixed signals.
OPEC makes strategic move to boost oil production by 137,000 barrels per day starting December, aiming to protect market share as US shale growth shows signs of slowing down.
Turkey dramatically increases non-Russian oil imports as latest Western sanctions bite, reshaping global energy flows and Ankara's trade relationships.
China is rapidly filling its strategic petroleum reserves as global oil prices hit multi-month lows, raising questions about Beijing's energy strategy and market impact. Discover what this means for global energy markets.
Indian Oil Corporation confirms uninterrupted Russian oil purchases from non-sanctioned entities despite Trump's pressure, prioritizing national energy security and economic interests.
Indian rupee ends flat at 88.69 against US dollar as RBI intervention counters foreign fund outflows. Get insights on forex reserves, crude oil prices, and market outlook.
India's largest oil company continues Russian crude purchases through non-sanctioned traders, navigating Western pressure while securing energy needs.
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India asserts its right to buy Russian oil based on economic needs and market dynamics, responding to recent US sanctions on Russian energy companies. The MEA emphasizes India's national interest comes first.
As Trump's proposed sanctions threaten global oil flows, India and China face critical energy decisions. Discover why complete Russian oil withdrawal remains unlikely despite political pressure.
India initiates comprehensive assessment of US sanctions targeting Russian oil companies, evaluating potential impacts on energy supplies and economic partnerships.
India responds to US sanctions on Russian oil firms, defends energy imports as crucial for national interest. Trump praises India's strategic positioning.
India's leading refiners Indian Oil and MRPL are actively diversifying oil sources, turning to international spot markets as Russian supplies face payment and shipping challenges. Industry sources reveal strategic moves to secure alternative crude.
Indian equity benchmarks Sensex and Nifty witnessed significant declines in early trading sessions as foreign portfolio investors continued their selling spree, coupled with rising global market volatility and crude oil price surges.
Indian rupee continues downward trend, falling to 88.43 against US dollar as strong American currency and elevated crude oil prices pressure emerging market currencies. Forex traders remain cautious ahead of key economic data.
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HPCL-Mittal Energy Ltd halts Russian crude imports due to payment complications, joining other Indian refiners facing similar challenges with Russian oil deals.
Russian President Vladimir Putin receives an extraordinary religious gift from soldiers injured in the Ukraine conflict during his birthday celebration. The emotional moment reveals deep military loyalty.
In a significant strategic shift, Nayara Energy, part-owned by steel magnate Lakshmi Mittal, has stopped purchasing Russian crude oil. This move comes as Western sanctions tighten and payment complications escalate.
Global oil markets stage recovery as attention shifts to Russian inventory data and Middle East tensions. Brent crude climbs above $83 amid supply concerns and geopolitical factors.
HPCL-Mittal Energy Ltd suspends Russian oil imports after US sanctions target key shipping vessels, marking significant shift in India's energy procurement strategy.
HPCL-Mittal Energy Ltd, the joint venture between steel tycoon Lakshmi Mittal and Hindustan Petroleum, suspends all Russian crude purchases citing US sanctions. The move signals growing compliance challenges for Indian refiners.
A Russian crude oil carrier heading to India abruptly reversed course in the Baltic Sea, signaling potential disruption in global oil trade patterns after new Trump administration sanctions.
India's crude oil consumption is set to reach 6 million barrels per day as economic growth accelerates. Union Minister Hardeep Singh Puri reveals ambitious energy targets and strategic plans to meet rising demand.