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Wednesday, March 27, 2024
TopicOil imports

Topic: Oil imports

India expands crude imports from US as sanctions against Russia tightens

India was the top buyer of Russian oil last year after other groups retreated from purchases following Western sanctions on Moscow for its invasion on Ukraine in February 2022.

Why Red Sea crisis could cost India—Modi govt sets energy goals but doesn’t follow through

Just because India's increased oil imports proved beneficial after Russia-Ukraine war doesn't mean Modi govt should continue with it. Israel-Hamas conflict could hurt us now.

63% increase in travel time of Russian oil shipments — how Houthi attacks in Red Sea could hurt India

As Houthis attack ships in Red Sea in solidarity with Palestine, shippers are considering alternative routes. Delay in oil supplies to India could force it to buy more from Middle East.

India’s oil import dependence set to rise to ‘above 80%’ by 2027-28. Modi had aimed to reduce it by 10%

A combination of falling domestic production, growing demand, and high oil prices has meant India’s oil import bill has nearly doubled in three years.

India’s sunflower oil imports to decline after Russia’s exit from Black Sea grain deal

The drop in sunflower oil imports would force the world's biggest buyer of vegetable oils to increase purchases of palm oil and soyoil to compensate.

India is using Chinese yuan to pay for 10% of its Russian oil imports, rest in rupee and dirham

Russia is okay with delays in payments, but has asked Indian oil marketing firms to pay some amount in yuan — a currency it can use more easily.

Indian cos sometimes face delays in paying for Russian oil above $60 per barrel, says oil secretary

India has significantly increased oil imports from Russia since the beginning of the conflict in Ukraine.

Indian refiners scout for oil deals ahead of EU ban on Russian crude imports

European Union ban on Russian crude imports from 5 Dec will drive European refiners to buy more Middle East oil, putting them in competition with Asian buyers.

Lured by discounts, India in talks to double down on oil imports from Russia’s Rosneft

State processors are collectively working on finalizing and securing new six-month supply contracts for Russian crude to India, eager to take more of the heavily-discounted stocks.

More Russian oil than ever before is heading for India and China

As other nations restrict imports because of the war in Ukraine, India and China have snapped up millions of barrels from Russia to take advantage of hefty discounts on the flows.

On Camera

I’m not happy defending Kangana Ranaut but I will—then I’ll move to fighting her on real things

Sometimes, taking the moral high ground absolutely sucks, especially when we are required to side with those we profoundly disagree with.

Why Tamil Nadu’s women make up nearly half of India’s female factory workforce

With an educated & skilled workforce, Tamil Nadu has a burgeoning industrial sector which has scored massive investments in automobiles, electronics, and even footwear.

Taiwan reports Chinese military activity around the island

Taiwan has detected a total of 301 Chinese military aircraft and 165 Chinese naval vessels so far in 2024.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.