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The attractiveness of Russian oil has diminished for Indian refiners as the discounts have narrowed, and payment settlement issues have emerged, prompting them to look for alternative sources in the Middle East

Indian Oil Refiners Begin Payments In Yuan For Russian Crude: Report

Western punishments over Russia's invasion of Ukraine have shifted global trade flows for its top export, with India emerging as the largest buyer of seaborne Russian oil even as it casts about how to pay for it amid shifting sanctions

India’s Import Of Russian Oil Hits New High In May

Russian oil accounted for about 40 per cent of India's crude imports in May, cutting imports from Iraq to a three-year low and from Saudi Arabia to their lowest since September 2021, an analysis of the data showed

Despite Sanctions, Russian Oil Exports Jump To Highest Level In Almost Three Years

The West imposed a slew of sanctions against Russia since Moscow invaded Ukraine in February 2022, including price caps on its crude and oil products and EU embargoes

OPEC May Hit Russian Oil Exports To India, Driving Up Prices

India and China emerged as major customers of Russian crude after most nations avoided it following the invasion of Ukraine

Russian Energy Company Signs Agreement To Increase Oil Supplies To India

Russia has risen to become one of India's top five trading partners, owing mainly to an increase in oil imports

India, Russia Discuss Development Of Northern Sea Shipping Route: Interfax

Russia wishes to make the Northern Sea Route, which runs along Russia's northern coastline and is the shortest shipping route between East Asia and Europe, a significant shipping lane and has invested heavily in infrastructure there

India's Crude Oil Imports Increase By 8% In February, Reaches Two-decade Peak

Rising crude demand and a strong Indian economy augur well for increased refinery runs and imports, as well as cheaper Russian crude, according to Refinitiv analyst Ehsan Ul Haq

Each Country Is Going To Make Its Own Decision For Oil Purchasing: Vedant Patel

In an exclusive interview with ANI, US Department of State Principal Deputy Spokesperson Vedant Patel termed India-US ties as "one of the most consequential bilateral relationships"

Not Looking To Sanction India: US On India's Import Of Russian Oil

US Assistant Secretary of State for European and Eurasian Affairs Karen Donfried was responding to a question during a telephone conference on India purchasing oil from Russia and said, "Our relationship with India is the most consequential relationship, we are not looking to sanction India"

Europe Bans Russian Diesel, Other Oil Products Over Ukraine War

The aim of ban is to keep Russian diesel flowing to countries like China and India while avoiding a sudden price increase that would harm consumers around the world and reduce profits funding Moscow's budget and war

India Imported 1 Mn Barrels Of Russian Oil Daily In December

Western shipping and insurance firms are not permitted to handle Russian oil sold beyond the price cap after 5 December 2022

Jaishankar Defends India's Decision To Import Russian Oil, Said Europe Imports More

“Europe has been able to reduce its imports while remaining comfortable. If you care about your population at a (per capita income) of 60,000 euros, I have a population of USD 2,000. I also require energy and cannot afford to pay high oil prices,” Jaishankar said

Putin Bans Oil Exports To Countries That Imposed Price Caps