India, Russia

India's BPCL sees March Russian oil intake down 20% as it awaits offers
India's state-run refiner Bharat Petroleum Corp sees its Russian oil processing down to 20% in March from 31% this month as it awaits offers from traders, its head of finance Vetsa Ramakrishna Gupta told an analyst call on Thursday.
India Oil Buyers Pull All Levers to Replace Russian Shipments
Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.Oil refiners in India are reaching for all available options in the rush to make up for Russian flows hit by Washington’s latest round of sanctions,
India Ups Efforts To Seek Alternatives To Russian Oil
Following Russia's invasion of Ukraine in 2022, India became a major buyer of Russian crude oil that was widely sanctioned by the West. That may be about to change.
U.S. sanctions hit Russian oil supply to India; BPCL says supplies may be impacted
The wide-ranging sanctions imposed by the U.S. on the Russian oil sector have started to dent near-term oil flows to India with state-owned Bharat Petroleum Corporation Ltd. (BPCL) saying not enough cargoes are available for March.
Will Recent US Sanctions on Russian Oil Trigger an Oil Crisis in India?
Since the Ukraine war, India has become the second largest buyer of Russian crude oil, owing to the hefty discount Russia offered to bypass sanctions. Prior to the war, India secured most of its oil from the Middle East, with Russia not even featuring among India’s top 20 partners.
US sanctions’ impact on Russian oil trade showing, Indian refiners seek more oil from Middle East
Industry officials maintain that enough oil supply is available in the global market and replacing the lost Russian oil volumes should not be difficult.
Indian Oil to Rebalance Crude Buying After Russia Sanctions
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Middlemen Have Halted Russian Oil Cargo Offers After US Sanctions, Indian Refiner Says
Middlemen supplying Russian oil are not offering cargoes due to new U.S. sanctions targeting Russian producers, tankers and insurers, according to the finance chief at Indian refiner Bharat Petroleum.
Davos 2025: India's Biggest Refiner to Rebalance Crude Oil Buying After US Sanctions on Russia
Crude oil purchases by Indian Oil Corp. may shift as the new US sanctions on Russia affect supplies from Moscow. The sanctions may impact daily flows of as much as 2 million barrels to India and China,
Indian banks block Russian oil payments after new US sanctions
Indian banks has begun blocking payments for Russian oil imports following the latest round of U.S. sanctions against Russia's oil industry, according to a report from Energy Intelligence, an energy information company.
India likely to boost purchases of US oil, gas following Trump's announcement
India is likely to increase its purchases of U.S. oil and gas after U.S. President Donald Trump's announcement to maximise ...
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India's Resilient Energy Strategy Amid US-Russia Tensions
Indian Oil Chairman Arvinder Singh Sahney emphasizes India's diverse energy sources, mitigating the impact of US sanctions on ...
India’s oil demand likely to hit yet another record in 2025-26 as consumption of major fuels set to rise
The consumption growth is expected to be led by fuels and products like petrol, aviation turbine fuel (ATF), liquefied ...
India refiners ask ADNOC to offer oil delivered price as freight spikes, sources say
Indian state refiners have asked Abu Dhabi National Oil Co (ADNOC) to offer pricing of its crude on a delivered basis to ...
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India on the brink of a new oil shock
By bno - Taipei Bureau India is facing the very real threat of an oil shock as new US sanctions targeting Russian crude come ...
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China, India acquire 60% of Iraq’s oil exports in 2024
Data issued by the US Institute for Energy Research revealed that China and India accounted for 60 percent of Iraq’s oil ...