Crude Oil

The visit comes amid a fall in India’s Russian crude oil purchases and ongoing efforts to settle trade in local currencies, alongside talks on energy cooperation and boosting bilateral commerce.

India regains appetite for Russian oil as imports grow in November after early fall: Report

The sharp recovery in oil shipments show Russian suppliers are finding alternate ways to send cargoes and a new sense of confidence among Indian refiners

Indian CEOs, exporters set to meet Russian delegation during Putin’s Delhi visit

The engagement could take the form of a roadshow or an exhibition featuring select exporters on December 4, and the next day will include meetings between 75 Indian business leaders and a similar number of Russian executives, sources say.

Oil prices settle up in low volume on US holiday; Russia-Ukraine talks in focus

Brent crude futures settled up 21 cents, or 0.2%, at $63.34 a barrel. U.S. West Texas Intermediate crude futures were up 45 cents, or 0.8%, at $59.10 a barrel by 1:46 p.m. ET (1846 GMT).

Oil falls as Ukraine signals support for framework of Russia peace deal

Brent crude futures fell 89 cents, or 1.4%, to $62.48 a barrel, while U.S. West Texas Intermediate crude futures also fell 89 cents, or 1.5%, to $57.95 a barrel.

India's Russian oil binge to end in December as sanctions bite: Report

Buyers of Russian oil had until November 21 to wind down dealings with the two firms

Russian oil flows to India plunge 50% ahead of US sanctions deadline

Discounted Russian barrels remain attractive for margins, and India’s energy policy continues to prioritise affordability and security, feel experts.

Spain is the new European destination for Indian petroleum, exports skyrocket 46,000%

The move reflects a strategic shift in India’s European fuel trade, reducing reliance on northern distribution hubs such as The Netherlands in favour of direct end markets such as Spain

Oil slips on stronger dollar, oversupply fears

The dollar climbed to a fresh four-month high against the euro on Tuesday as divisions in the Federal Reserve raised doubt about the prospect of another rate cut this year.

Higher US crude import may hinge on prices competitive with Middle East supplies

Even though crude oil from the US could cost slightly more than the price of Russian oil, Indian lenders have turned increasingly cautious as sanctions have targetted two major Russian energy firms.

OPEC+ to agree small output hike for December, delegates say

Key members led by Saudi Arabia are expected to ratify the revival of roughly 137,000 barrels a day of halted production at the meeting that starts at 5 pm Vienna time

Will Trump's sanctions on Russian oil trigger inflation?

A surge in non-Russian oil sources could result in a spike in oil prices, is the fear. But a look at the physical and financial market points to enough reasons why that may not happen

No government directive on Russian oil; refiners weigh costs, alternatives independently, sources say

For state-run refiners, the new sanctions are likely to have a limited impact since they do not have long-term supply contracts with the Russian firms targeted by the latest curbs.

Oil rises more than 4% on fresh US sanctions against Russia

Brent crude futures were up $2.71, or 4.3%, at $65.30 a barrel at 0841 GMT, while U.S. West Texas Intermediate crude futures were up $2.56, or 4.4%, at $61.06

Oil’s billion-barrel sea surplus expands as output swells

A total of 1.24 billion barrels of crude and condensate, a light form of oil recovered from gas fields, was moving on tankers in the week to October 17

Can already see India starting to diversify: Trump’s trade adviser on Delhi's oil purchases from Moscow

USTR Jamieson Greer said the Russian oil purchases are not a 'bedrock' of the Indian economy

OPEC+ nears agreement for modest November production hike

Key members of the alliance expect to ratify a decision to restart 137,000 barrels a day, the same volume scheduled for this month

Oil rises, but heads for weekly loss as market awaits OPEC's November decision

Brent crude futures were up 64 cents, or 1%, at $64.75 a barrel by 12:17 p.m. ET (1617 GMT). U.S. West Texas Intermediate crude was up 72 cents, or 1.2%, at $61.17

Oil slips as Kurdistan crude exports resume, OPEC+ plans output hike

Brent crude futures fell 63 cents, or 0.90%, to $69.50 a barrel by 0023 GMT after settling at the highest since July 31 on Friday

India's Russian oil imports strong in September so far despite US pressure: Report

The crude loadings at Russian ports for India is also stable in September, the report said

OPEC+ confronts the next stage in battle for oil market share

Saudi Arabia and its partners have yet to decide how to proceed after completing the fast-tracked addition of 2.5 million barrels a day that was finalized at its previous gathering

Russian oil gets cheaper for India as US amps up criticism

The price of Urals crude has dipped to a discount of $3 to $4 a barrel to Brent on a delivered basis

Front-loaded exports, softer oil prices may cushion India’s current account deficit from Trump’s tariffs

Indian exporters have rushed their US-bound shipments ahead of the August 27 tariff deadline. Exports to America have risen around 22 percent on-year so far in this fiscal till July, which is higher than the trend of 17-18 percent growth rate.

Importing crude oil from Canada remains unfeasible for India as of now: Govt source

Canada primarily exports crude oil to the United States. The country does not have required infrastructure to transport crude oil pumped in remote areas to port cities, from where oil could be shipped to other markets including India.

Despite volatile crude, domestic fuel prices reduced owing to govt initiatives: Hardeep Puri

The government is committed towards ensuring energy security, affordability and accessibility for every citizen, said Hardeep Singh Puri, Union minister for petroleum and natural gas.