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Searched Tag: russian crude oil
State-owned Oil and Natural Gas Corporation (ONGC) CEO and chairman, Arun Kumar Singh, said the public sector company will continue to buy crude oil from Russia if the prices remained commercially viable

ONGC will continue buying Russian crude oil: Chairman

August 30, 2025, 02:20 PM - 2 min read

State-owned Oil and Natural Gas Corporation (ONGC) CEO and chairman, Arun Kumar Singh, said the public sector company will continue to buy crude oil from Russia if the prices remained commercially viable

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US Treasury Secretary Scott Bessent (left), a representative image of an Indian oil refinery (centre) and industrialist Mukesh Ambani (right).

US hits Indian refiners, says richest families made excess profit

August 20, 2025, 05:31 PM - 4 min read

The US has accused Indian refiners of profiteering from discounted Russian crude and reselling refined fuels to Europe, warning of additional tariffs as New Delhi’s energy ties with Moscow deepen.

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Trump said he may reconsider the retaliatory tariffs announced on Indian goods in “two or three weeks”, hinting at a possible reversal of his 50 per cent tariff-hike announcement against Indian imports last week

Trump claims India agreed to drop Russian oil purchases

August 16, 2025, 01:43 PM - 2 min read

US President Donald Trump dropped another bombshell before his meeting with Russian President Vladimir Putin in Alaska on Friday, when he suggested that India has agreed to stop purchasing Russian crude oil after threats by the US administration last week to impost 50 per cent tariffs on Indian imports

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In the April-June quarter, Russian oil accounted for about 22 per cent of the crude processed by IOC. The volumes are expected to remains stable in the near future

India’s Russian oil imports rose to 2 mn bpd in August

August 15, 2025, 04:09 PM - 6 min read

At least 38 per cent of an estimated 5.2 million barrels per day of crude oil imported in the first half of August came from Russia, as per data by global real-time data and analytics provider Kpler, underscoring the fact that refiners continue to prioritise economic considerations over geopolitical tensions, at least for now

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An oil tanker stationed at an Indian port terminal.

Replacing Russian crude may cost India billions: Analysts

August 10, 2025, 05:48 PM - 4 min read

Indian refiners can operate without Russian oil, but analysts warn such a shift would sharply raise costs, cut diesel yields, and hurt margins, despite being technically feasible.

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US President Donald Trump earlier this week announced he would impose an additional 25 per cent tariff on US imports from India – raising the overall duty to 50 per cent – as a penalty for the country's continued imports of Russian oil.

HPCL chief says no govt order on Russian oil

August 8, 2025, 04:05 PM - 3 min read

Vikas Kaushal said the Indian government has neither directed its oil companies to halt nor continue the purchase of Russian oil, allowing them the freedom to make procurement decisions

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Trump Welcomes Reports India May Halt Russian Oil Buys.

Good step: Trump praise India ending Russian Oil purchase

August 2, 2025, 08:37 AM - 3 min read

US President Donald Trump on Friday welcomed reports that state-run refineries in India may have stopped buying Russian oil, describing it as a “good step,” although he admitted he was not certain whether the claim was accurate.

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India's oil imports from Russia were below 2 per cent before 2022 (Pic: Representative Image)

‘India can source oil from alternate places’

July 17, 2025, 05:41 PM - 4 min read

India’s Minister of Petroleum and Natural Gas, Hardeep Singh Puri, said he doesn’t feel any pressure in his mind when it comes to the US’s threat of imposing 100 per cent sanctions on countries buying Russian oil, including India.

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Representative Image

India's Russian oil import hits 11-month high in June

July 13, 2025, 03:42 PM - 3 min read

India imported 2.08 million barrels per day (bpd) of Russian crude in June, the highest since July 2024, said Kpler, global commodity market analytics firm

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This year, India has taken 80 per cent of Russian seaborne Urals, while its imports totaled 231 million barrels through June 24, said data by Kpler

India dominates Russian oil purchase despite narrowing discounts

June 25, 2025, 04:41 PM - 3 min read

Two of India’s private refineries have increased their oil shipments from Russia with Reliance Industries becoming the world’s single biggest buyer of Urals

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India-Russia relationship: It’s complicated!

India-Russia relationship: It’s complicated!

June 20, 2025, 01:42 PM - 5 min read

There’s no denying the constantly growing ties between Moscow and Islamabad, even though India has no reason to be fazed by the developments. But can India rely on Russia for isolating Pakistan on the world stage?

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Representative Image

India’s imports of Russian crude oil hit 10-month high in May

June 3, 2025, 04:41 PM - 3 min read

Data shows India, the world’s third-largest oil-importing and consuming nation, bought around 5.1 million barrels of crude oil

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