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India looks elsewhere for oil as US sanctions crimp Russia trade

India s oil trade with Russia is being impacted by the tightening of US sanctions, prompting refiners to explore alternative supplies. While Russia remains the dominant supplier, Indian refiners are increasingly buying more from Saudi Arabia. Refiners are eager to increase purchases of Russian oil, but require US approval to do so. ....

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Russia's disrupted oil trade crimps margins for Indian refiners

India s state-run refiners are facing challenges as Russian oil becomes more expensive and less accessible due to higher freight rates and US sanctions. The attacks in the Red Sea by Houthi rebels have disrupted fuel trade, impacting Indian refiners and potentially eroding their competitive edge. ....

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Indian diesel floods to Asia as Houthis imperil flows to Europe

Shipments of diesel from India to Europe hit a 2-year low due to Houthi attacks, diverting cargoes to Asia. Higher freight costs and refinery maintenance in Asia shifted trade economics in favor of sending cargoes east. No imports of diesel in EU, only one in UK. Arrivals of diesel-type fuel from India to Asian destinations surged. ....

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Russian oil: India's state oil refiners in talks with Rosneft to secure Russian crude for long term

Indian state oil refiners, Indian Oil Corp, Bharat Petroleum Corp, and Hindustan Petroleum Corp, are in discussions with Rosneft Oil Co PJSC for long-term supplies of Russian crude. The refiners aim to secure about 500,000 barrels per day of Russian crude supplies to diversify their sources. ....

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India going to be the global story on energy, says Petroleum Minister Hardeep Puri

India is poised to become a major growth story in the energy sector by 2030, Union Petroleum Minister Hardeep Puri said. The oil minister also stated that domestic production will increase, and the country is aggressively working on biofuels, compressed biogas, and green hydrogen to augment its energy output. ....

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