Oil Demand

US Top Buyer of India’s Russian Crude Petroleum Goods – Mint

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

3 weeks ago

China Lockdowns, Demand Fears Blamed For Oil Price Tumble

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

5 months ago

Russia is China’s Top Oil Supplier for Second Straight Month

The equivalent of about 1.77 million barrels per day (bpd) of Russian oil were shipped to China, down from May's…

7 months ago

US Imposes Sanctions on China Energy Firms Over Iranian Oil

The US Treasury cracked down on Hong Kong-based Lustro Industry, saying it hid its role in purchases of petrochemical products…

7 months ago

India Energy Export Tax Sends Reliance Shares Down 8.7%

Shares in Indian energy firms fell sharply on Friday after Delhi imposed a tax on fuel exports. Reliance sank by…

7 months ago

Asia Stocks Lifted as China Eases Covid Curbs on Travellers

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

7 months ago

China, India Keeping Putin’s War Machine Funded – NYT

China and India have been stocking up on Russian oil, but their actions have undermined efforts by the US and…

7 months ago

India Sails to Rescue of Russian Oil Tankers Hit by Sanctions

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

7 months ago

Russia Earning More From Energy Than Before Invasion: US

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

8 months ago

India’s GAIL Open to Buying Russian Oil and Gas, Says Chair

GAIL has a long-term import deal with a unit of the Russian energy giant to buy an average 2.5 million…

8 months ago

India’s ONGC to Invest $4bn in New Oil and Gas Searches

India, the world's third biggest oil importer and consumer, ships in over 80% of its needs and wants to monetise…

8 months ago

Russia Soars to Fourth-Largest Supplier of Indian Oil

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

9 months ago