[ad_1] NEW DELHI: Indian imports of Russian crude are likely to decline on narrowing discounts and payment problems, forcing refiners to boost supplies from other sources, a senior government official told reporters on Monday.Russia has emerged as the biggest oil supplier to India after Western nations shunned purchases from Moscow over its invasion of Ukraine … Read more
[ad_1] India has increased oil purchases from Russia to close to 2 million barrels per day. New Delhi: India and China, the world’s top oil users, continued to lap up heavily discounted Russian crude oil, buying as much as 80 per cent of the oil that Moscow exported in May, the International Energy Agency (IEA) … Read more
[ad_1] NEW DELHI: India’s oil imports from Russia rose to a fresh record high in April, further reducing the share of Middle Eastern and African grades to their lowest level in at least 22 years, data obtained from trade sources showed.Refiners in India, the world’s third-biggest oil importer and consumer, are on a Russian oil-buying … Read more
[ad_1] OPEC supplied 2.1 million barrels per day out of 4.6 million bpd oil India imported in April. New Delhi: Oil producers cartel OPEC’s share in India’s oil imports fell to an all-time low of 46 per cent in April as purchases of cheaper Russian oil peaked, industry data showed. Organization of the Petroleum Exporting … Read more
[ad_1] NEW YORK: India’s finance minister Nirmala Sitharaman said the South Asian nation could buy Russian crude oil near or past the price cap imposed by the G-7 if the recent OPEC+ output cut increases energy costs. “We will have to constantly re-figure where we get the best deal as it is a critical input … Read more