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Searched Tag: russian oil import

EU Russia Ban Puts $15 bn India Oil Trade in Danger.

New EU sanctions on Russia put India’s oil trade at risk

July 21, 2025, 04:54 PM - 3 min read

India’s petroleum product exports worth $15 billion to the European Union could be at risk as Brussels tightens sanctions on Russian crude refined in third countries, according to a report by economic think tank Global Trade Research Initiative (GTRI).

NATO Secretary General Mark Rutte. (Image: X/NATO)

NATO warns India, China of 100% sanctions over trade with Russia

July 16, 2025, 09:05 AM - 5 min read

NATO's Mark Rutte has warned India, China and Brazil of 100% secondary sanctions unless they push Putin into serious peace talks and cut Russian oil and gas trade.

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

Russian state-owned enterprise, PJSC Rosneft Oil Company, wants to sell its 49.13 per cent stake in Nayara Energy

Reliance to be No. 1 oil refiner if talks with Rosneft succeed

June 29, 2025, 07:42 PM - 4 min read

Russia’s state-owned enterprise, PJSC Rosneft Oil Company, is said to be in early talks with Reliance Industries for sale of its stake in Nayara Energy, an acquisition that may position Reliance as India’s No. 1 oil refiner

Russian crude weakens OPEC hold on Indian market.

Russian oil cuts OPEC share in India to record low

April 22, 2025, 03:49 PM - 3 min read

India’s crude oil import patterns have witnessed a notable shift in the financial year 2024–25, with the share of oil purchased from OPEC nations falling to an all-time low.

India bought 112 bn euro worth of Russian oil since Ukraine war.

India bought 112 bn euro worth of Russian oil since war

March 6, 2025, 03:52 PM - 4 min read

India, the world's third largest oil consuming and importing nation, spent 112.5 billion euro (about Rs 1.5 lakh crore) on buying crude oil from Russia since the start of the Ukraine war, a European think tank said on Thursday.

Sanctions on Russia won’t impact oil supply, prices stable at $75-80

January 24, 2025, 03:53 PM - 3 min read

"If that goes down due to sanctions, we have other sources to compensate for that. We have not left our other sources, whether they are in the Gulf, OPEC, OPEC-plus, the US, Guyana or Brazil. There are new non-OPEC countries, and there is no dearth of crude oil," Indian Oil Chairman Arvinder Singh Sahney said during the World Economic Forum Annual Meeting.

A bar diagram depicting India's imports from OPEC and non-OPEC countries during the 2023-24 financial year.

India’s July oil imports from Russia Hit $2.8 billion

August 15, 2024, 12:29 PM - 2 min read

Despite global tensions stemming from the Ukraine conflict, India’s reliance on Russian crude has surged, placing it second only to China as Russia’s largest oil buyer.