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Searched Tag: russian crude oil imports

The number placed India as the second-largest buyer of Russian fossil fuels in October behind China, according to CREA, ahead of new sanctions being slapped on Russian oil entities

India’s Russian oil purchase unchanged in Oct

November 16, 2025, 01:42 PM - 4 min read

According to European think tank, CREA, India’s Russian crude imports in October recorded an 11 per cent month-on-month increase, with state-owned refineries almost doubling their Russian volumes month-on-month in the month

However, Nayara Energy's Vadinar refinery, partially owned by Rosneft and already under EU sanctions, is likely to maintain its Russian crude intake

India to stop direct Russian crude imports by year-end

November 5, 2025, 03:51 PM - 3 min read

Amid sanctions and threats by US President Donald Trump to ramp up punitive measures against India for buying Russian crude, India is set to massively cut down its Russian crude oil purchases from late November onwards, as per analysts and data by a maritime intelligence firm

The United States was India’s fifth largest supplier at 2,06,667 bpd

Russia to remain India’s largest crude oil supplier: Analysts

October 5, 2025, 06:02 PM - 4 min read

Russian crude oil continued to account for over one-third of India’s total oil purchases in September, contributing about 1.6 million bpd, despite a marginal decline owing to tensions between India and the US over the former’s purchases of Russian oil

Putin said his government will correct the trade imbalance between the two countries by “buying more agricultural products and medicines from India”.

Russia to soften trade imbalance with India: Putin

October 3, 2025, 08:22 AM - 3 min read

Russian President Vladimir Putin highlighted the “special” nature of friendship between India and Russia; said losses faced by India due to punitive US tariffs would be balanced by crude imports from Russia

He also said that India has made a trade-off to buy cheaper oil from Russia and “looking the other way” while the purchase is “giving money to a guy (Putin) who's murdering thousands of people every week

Buy oil from anyone but Russia: US Secy to India

September 25, 2025, 12:41 PM - 3 min read

US Energy Secretary, Chris Wright, attempted to strike a balance when he said the US does not want to “punish” India but only wants the war in Ukraine to end; Wright suggested that India buy oil from the US instead

Taking on each of the main members of the BRICS alliance, Navarro spared none in his latest diatribe targeting the nations and their “vampire-like” trade practices that “exploit” the United Nations

BRICS nations ‘hate each other’, alliance won’t last: Trump aide

September 9, 2025, 01:27 PM - 5 min read

In his latest scathing remarks against India and other BRICS bloc members, Peter Navarro said countries have “just got to trust in Trump” and that the road to peace in the Asian region “partly runs through New Delhi”

State-owned Oil and Natural Gas Corporation (ONGC) CEO and chairman, Arun Kumar Singh, said the public sector company will continue to buy crude oil from Russia if the prices remained commercially viable

ONGC will continue buying Russian crude oil: Chairman

August 30, 2025, 02:20 PM - 2 min read

State-owned Oil and Natural Gas Corporation (ONGC) CEO and chairman, Arun Kumar Singh, said the public sector company will continue to buy crude oil from Russia if the prices remained commercially viable

Trump said he may reconsider the retaliatory tariffs announced on Indian goods in “two or three weeks”, hinting at a possible reversal of his 50 per cent tariff-hike announcement against Indian imports last week

Trump claims India agreed to drop Russian oil purchases

August 16, 2025, 01:43 PM - 2 min read

US President Donald Trump dropped another bombshell before his meeting with Russian President Vladimir Putin in Alaska on Friday, when he suggested that India has agreed to stop purchasing Russian crude oil after threats by the US administration last week to impost 50 per cent tariffs on Indian imports