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3 mins read
India imported USD 2.8 bn worth of crude oil from Russia in July
India, the world's third largest oil consuming and importing nation, in July bought USD 2.8 billion…
PTI
2 mins read
Rupee falls 12 paise to 83.56 against US dollar in early trade
The rupee depreciated 12 paise to 83.56 against the US dollar in early trade on Tuesday, weighed do…
PTI
3 mins read
India's oil import bill could swell to $101-104 billion in FY25: ICRA
As per ICRA's calculations, a $10/barrel uptick in the average crude oil price for this fis…
PTI
2 mins read
RBI sees price of India's crude oil imports at $85 a barrel in FY25
The RBI expects the price of the Indian basket of crude oil imports to be around $85 per barrel goi…
2 mins read
India's vegetable oils import up 16% in 2022-23 oil year
India's vegetable oils import rose 16% to 167.1 lakh tonnes in the current oil year that ended in O…
PTI
2 mins read
India's exports dip 2.83% to $33.9 bn in Nov; trade deficit narrows to $20.58 bn: Govt data
India's merchandise exports slipped by 2.83 per cent to USD 33.90 billion in November while the tra…
PTI
1 min read
India's vegetable oil imports fall 28% in January says industry body SEA
he country's vegetable oil imports declined by 28 per cent to 12 lakh tonnes in January from a year…
PTI
3 mins read
India's Russian oil imports now double of Iraq
India's imports of crude oil from Russia touched a new high of 1.64 million barrels per day in Ma…
PTI
3 mins read
Biscuits, ghee and hair oil to get cheaper after government duty cut — but after three months
The Indian government’s decision to allow duty-free import of crude soybean oil and sunflower oil, …
1 min read
India could rely on Russia for half its oil imports soon as Moscow continues to sell cheap barrels
In January 2022, Russia accounted for less than 2% of India's oil imports. That figure climbed to 3…
Phil Rosen
2 mins read
China is ramping up Russian oil imports and Beijing could greenlight even more volumes
Chinese firms could get the go-ahead from Beijing to ramp up purchases by 500,000 barrels this year…
Phil Rosen
2 mins read
China's mounting such a strong attack on the dollar's dominance that it's paying for almost all of its Russian oil imports in the yuan
China imported $88 billion worth of major commodities from Russia in 2022, a 52% year-on-year jump …
Huileng Tan
2 mins read
The US's top energy advisor urges India not to buy too much Russian oil — and says Moscow's revenues are now higher than before the war
India has ramped up its purchases of Russian oil from 100,000 barrels per day to 800,000, according…
Harry Robertson
2 mins read
An oil trading company named Bellatrix is one of the under-the-radar firms that has taken over from the big names in shipping Russian crude
Major oil traders have shunned Russian oil after the invasion of Ukraine, paving the way for under-…
Hamza Fareed Malik
2 mins read
Ukraine minister calls for immediate Russian energy embargo to make it harder for Putin to fund his military
President Joe Biden announced in early March the US would ban Russian energy imports. Meanwhile, th…
Sam Tabahriti
2 mins read
China's independent oil refiners are buying Russian supplies on the cheap, report says
Russia will be increasingly looking to Asia to buy its oil, after the EU proposed a phased move to …
Harry Robertson
2 mins read
The EU proposes a total ban on Russian oil imports, cutting out crude within 6 months
European Commission chief Ursula von der Leyen said the move would be costly to the bloc's economy.…
Harry Robertson
1 min read
China's oil imports from Russia surge 22% as refiners step up their purchases of the cheap supplies
But the September imports of 1.83 million barrels per day are lower than in August, as worries pers…
Zahra Tayeb
2 mins read
Northern Europe has already slashed Russian oil imports by 90%, 2 weeks before the EU ban kicks in
In the four weeks to November 18, Russia shipped 95,000 barrels of crude a day to the port of Rotte…
Huileng Tan
1 min read
China's oil imports hit 5-month high after Beijing lets refiners resell more to help the economy
The Chinese government has issued fuel-export quotas in a bid to boost its battered economy.