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Oil, India and Russia
Indian Oil Corp issues sour crude tender after latest Russia sanctions, sources say
Indian Oil Corp (IOC) is seeking high-sulphur oil from the spot market in its first sour crude import tender since March 2022, expecting the latest U.S. sanctions to hit supplies from Moscow, trade sources said on Thursday.
Indian Oil Corporation buys 7mn barrels of Middle Eastern and African crude amid sanction fears
Indian Oil Corporation (IOC), the country’s top refiner, reportedly bought 7 million barrels of spot Middle Eastern and African crude oil via tenders, including a rare purchase of Abu Dhabi’s Murban, amidst fears of fresh US sanctions hitting supplies from Russia.
India’s oil giants turn away from Russian crude
It is India's first tender for sour crude imports since March 2022. IOC and other Indian refiners have significantly increased purchases of Russian oil over the past two years, taking advantage of discounted prices after the West imposed sanctions on Moscow over its full-scale invasion of Ukraine in 2022.
Tougher US sanctions to curb Russian oil supply to China and India
Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and freight costs.
IOC buys 7 million barrels of Middle East, African oil
India's top refiner, Indian Oil Corp (IOC), has purchased 7 million barrels of Middle Eastern and African crude oil via tenders, including a rare buy of Abu Dhabi's Murban, as U.S. sanctions impact supplies from Russia.
2d
on MSN
India's IOC buys 7 million barrels of Middle East, African oil, sources say
Indian Oil Corp (IOC), the country's top refiner, has bought 7 million barrels of spot Middle Eastern and African crude oil ...
energy.economictimes.indiatimes
2d
Emergence of a green fuel portfolio ecosystem in the Indian oil and gas sector
This growth in GDP will be accompanied by a multi-fold increase in the country’s energy consumption as well; estimates from ...
Crude Oil Prices
2d
India Replaces Russian Oil With Mideast and African Barrels
Indian Oil Corp is buying Middle Eastern and African crude to replace Russian volumes affected by U.S. sanctions.
India West
4d
India Suspends Trade With US-Sanctioned Russian Companies And Tankers
Last week the U.S. Treasury imposed sanctions on Russian oil producers Gazprom Neft and Surgutneftegaz, as well as insurers ...
Hosted on MSN
10h
IOCL Apprentice 2025: Recruitment for 200 apprentice posts in Indian Oil; Opportunity for ITI-Diploma and Degree holders..
Indian Oil Corporation Limited (IOCL) has invited applications for the posts of Technician, Trade and Graduate Apprentice. A ...
5d
Indian Refiners See Moscow Finding Path Around Latest Oil Curbs
State-owned oil refiners in India, the top importer of seaborne Russian crude, believe the impact from the latest US ...
ThePrint
4h
Indian markets to remain cautious next week amid global, domestic uncertainty: Experts
The participants in the Indian domestic market are expected to maintain cautious tone next week due to the global and ...
7h
UPSC Key: Russia’s oil trade, Engaging with Taliban, and Viksit Bharat by 2047
Why the US curbs on Russia's crude oil is relevant to the UPSC exam? What is the significance of topics such as India-US ...
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