[ad_1] Indian refiners have stepped up purchases of Russian crude as they lock in supplies for the coming month, with around 60 million barrels secured, according to people aware of the developments. The move comes as disruptions linked to the ongoing Middle East conflict continue to affect global oil flows.The cargoes have reportedly been contracted […]
[ad_1] If the US were to ‘unsanction’ Iran oil at sea, India would be able to step up procurement. (AI image) Will India get access to Iran crude oil soon? The Donald Trump administration has signalled the possibility of waiving sanctions on floating Iran crude oil to ease the ongoing shock in the global energy […]
[ad_1] Indian refiners have purchased nearly 30 million barrels of Russian crude within a week. (AI image) India is aggressively buying Russian crude oil amidst supply disruptions from Strait of Hormuz caused due to the ongoing US-Iran war and Middle East conflict. In fact, India is buying such huge quantities of Russian crude, that tankers […]
[ad_1] Iranian foreign minister Seyed Abbas Araghchi (ANI photo) Iran’s foreign minister Seyed Abbas Araghchi on Sunday sharply criticised the United States over its stance on Russian crude oil, claiming Washington was now “begging” countries, including India, to buy Russian oil after earlier pressuring them to halt such imports.In a post on X, Araghchi said, […]
[ad_1] Since the Russia-Ukraine conflict began in 2022, India has significantly increased its crude oil imports from Russia. (AI image) India, faced with 25% additional penal tariffs for its crude trade with Russia, has reportedly asked the US to allow oil imports from Iran and Venezuela.Following international sanctions due to the Ukraine conflict, Russia began […]
