India imports $3bn Russian crude in August despite US pressure
India imported €2.9 billion worth of Russian crude oil in August, nearly matching China’s €3.1 billion, according to the Helsinki-based Centre for Research on Energy
India imported €2.9 billion worth of Russian crude oil in August, nearly matching China’s €3.1 billion, according to the Helsinki-based Centre for Research on Energy
In June, India’s purchases of Russian oil reached an 11-month high, solidifying Moscow’s ongoing hegemony over New Delhi’s oil import market. Tanker data shows that
Freight rates for Russian oil supplies from its Baltic ports to India are declining from recent record highs amid an increase in offers from Western
Freight rates to ship Urals crude from Baltic ports to India rose by some 20% in February to $7 million to $8 million per voyage
Indian firms see a major disruption of Russian oil supplies as Washington imposes new sanctions to curb Moscow’s revenues, pushing refiners to scout for crude
The increase in sourcing from Russia is causing a higher average sailing distance for crude oil tankers discharging in India. Year-to-date, the average sailing distance
Source: gCaptain The SCF Baltica, carrying 90,000 metric tons of fuel oil for Reliance Industries, operator of the world’s biggest refining complex at Jamnagar in
“It is always good when more supplies come to market,” said petroleum minister Hardeep Singh Puri. “We will buy from wherever we can get cheaper
Indian refiners are likely to maintain their momentum on importing higher volumes of Russian crude oil in 2023 aiming to benefit from the emerging trade
India imported €2.9 billion worth of Russian crude oil in
In June, India’s purchases of Russian oil reached an 11-month
Freight rates for Russian oil supplies from its Baltic ports
Freight rates to ship Urals crude from Baltic ports to
Indian firms see a major disruption of Russian oil supplies
The increase in sourcing from Russia is causing a higher
Source: gCaptain The SCF Baltica, carrying 90,000 metric tons of
“It is always good when more supplies come to market,”
Indian refiners are likely to maintain their momentum on importing
