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Searched Tag: russian crude oil

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

Questioning the detention, Putin said “it makes no sense”, since the ship was under a foreign flag, with a non-Russian crew

Putin says detention of Russian oil tanker by France is ‘piracy’

October 3, 2025, 10:09 AM - 2 min read

The French authorities had, on Thursday, detained a Russian oil tanker carrying cargo despite it being sanctioned by the EU

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

Ministers from the leading economies (known as the G7 group) pledged to undertake strict measures against countries that have been purchasing Russian oil for the past three years since Moscow invaded Ukraine

G7 ministers vow strict action against nations buying Russian oil

October 2, 2025, 10:15 AM - 2 min read

The move comes after United States President Donald Trump asked EU and G7 members to push for additional sanctions and measures on the countries buying Russian oil

Nato chief Mark Rutte had backed US President Donald Trump’s secondary tariffs on India for its purchase of Russian crude oil, saying that the measures have already had an impact on the war in Ukraine

MEA hits out at Nato chief’s remarks, calls them 'careless'

September 26, 2025, 05:41 PM - 2 min read

MEA spokesperson Randhir Jaiswal dismissed Nato chief Mark Rutte’s claims about Prime Minister Narendra Modi calling Russian President Vladimir Putin after the US slapped high tariffs; termed the remarks “factually incorrect” and “entirely baseless”

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

After requesting the European Union (EU) to impose 100 per cent tariffs on Russian oil-buyers like India and China, the US has renewed its pressure on the Asian countries via the G7 group in a bid to desist Russia from the Ukraine war

US asks G7 group to impose tariffs on Russian oil-buyers

September 13, 2025, 06:02 PM - 4 min read

After requesting the European Union (EU) to impose 100 per cent tariffs on Russian oil-buyers like India and China, the US has renewed its pressure on the Asian countries via the G7 group in a bid to desist Russia from the Ukraine war

Trump made the demand during a meeting between officials of the US and EU on Tuesday, a source familiar with the discussions told the press

Trump asks EU to levy 100 pc tariffs on India

September 10, 2025, 01:14 PM - 3 min read

US President Donald Trump has urged the European Union (EU) to hit major Russian crude buyers China and India with up to 100 per cent tariffs to pressure Russian President Vladimir Putin to end the war in Ukraine

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

US Treasury Secretary Scott Bessent (left), a representative image of an Indian oil refinery (centre) and industrialist Mukesh Ambani (right).

US hits Indian refiners, says richest families made excess profit

August 20, 2025, 05:31 PM - 4 min read

The US has accused Indian refiners of profiteering from discounted Russian crude and reselling refined fuels to Europe, warning of additional tariffs as New Delhi’s energy ties with Moscow deepen.

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

In the April-June quarter, Russian oil accounted for about 22 per cent of the crude processed by IOC. The volumes are expected to remains stable in the near future

India’s Russian oil imports rose to 2 mn bpd in August

August 15, 2025, 04:09 PM - 6 min read

At least 38 per cent of an estimated 5.2 million barrels per day of crude oil imported in the first half of August came from Russia, as per data by global real-time data and analytics provider Kpler, underscoring the fact that refiners continue to prioritise economic considerations over geopolitical tensions, at least for now