India sold crude products worth $588 million to the US in November after snapping up sanctioned Russian oil at deep discounts

Asia's factory activity slid last month as China's strict zero-Covid approach and cost pressures hit businesses hard

The equivalent of about 1.77 million barrels per day (bpd) of Russian oil were shipped to China, down from May's record of 1.98 million bpd, a level analysts had expected to be maintained

The US Treasury cracked down on Hong Kong-based Lustro Industry, saying it hid its role in purchases of petrochemical products for delivery to China, plus Triliance Petrochemical

Shares in Indian energy firms fell sharply on Friday after Delhi imposed a tax on fuel exports. Reliance sank by 8.7%, while state-owned ONGC and Mangalore Refinery each slumped 10%

Beijing’s relaxation of some quarantine rules for international arrivals boosted hopes of a recovery in the world’s No-2 economy

China and India have been stocking up on Russian oil, but their actions have undermined efforts by the US and Europe to impose sanctions that limit funds to the Kremlin while it wages war in Ukraine

The move by the Indian Register of Shipping is keeping state-owned Sovcomflot's tanker fleet afloat and ensuring it can continue exports to India of Russian oil

US asked Indian officials not to purchase too much Russian oil, energy official tells Senate subcommittee on Europe and regional security cooperation

GAIL has a long-term import deal with a unit of the Russian energy giant to buy an average 2.5 million tonnes of liquefied natural gas (LNG) per year

India, the world's third biggest oil importer and consumer, ships in over 80% of its needs and wants to monetise its oil and gas resources to cut its import bill

Indian refiners have increased their purchases of cheaper Russian oil shunned by many other countries over its Ukraine invasion