Almost four months after Russia’s invasion of Ukraine, Russian crude oil, Urals, has seen a switch in flow from its traditional market of Europe to Asia. Since the start of the war, based on the […]
NEW DELHI, June 13 (Reuters) – Russia rose to become India’s second biggest supplier of oil in May, pushing Saudi Arabia into third place but still behind Iraq which remains No. 1, data from trade […]
(Bloomberg) — India is looking to double down on its Russian oil imports with state-owned refiners eager to take more heavily-discounted supplies from Rosneft PJSC as international buyers turn down dealings with Moscow over its […]
The U.S. and EU have levied massive sanctions against Russia. Moscow has managed to stay one step ahead of the West with the help of Indian and Chinese refiners and tankers. As long as India […]
Russia’s invasion of Ukraine has altered the global oil trade. EU leaders agreed to ban the majority of Russian crude imports, but even prior to the official action imports to Northwest Europe were down. More […]
Russia’s flagship crude grade, which was sold mostly to Europe before the Russian invasion of Ukraine, is still selling, but predominantly in Asia, and at a huge discount to Dated Brent. The price of the […]
The sixth package of EU sanctions against Russia will immediately impact 75% of Russian oil imports. Russia claims it will find other buyers for its crude. Russia is boosting exports to India and China, but […]
HIGHLIGHTS Vessel expected to return to Kandla port by mid-June Indian traders concerned about vessels headed to Egypt, other nations Indian trade ministry may clear exports up to 1 mil mt soon Turkey rejected an […]
State-run Coal India (COAL.NS), the world’s largest coal miner, will import the fuel for use by utilities, a power ministry letter seen by Reuters showed on Saturday, as shortages raise concerns about renewed power outages. It […]
India relaxes environment rules for coal mines, citing heatwave India has relaxed environmental compliance rules for coal mines seeking to ramp up production as power outages exacerbate a sweltering heatwave, a government notice showed. … […]
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