crude oil imports

24 Oct

Indian Refiners Adjust Crude Oil Sourcing Amid U.S. Sanctions on Russian Giants

Rajeev Sharma0 CommentsIndiacrude oil imports, Indian refiners, Lukoil, Rosneft, U.S. sanctions

LNew Delhi, October 24, 2025 — In response to recent U.S. sanctions targeting Russian oil majors Rosneft and Lukoil, Indian refiners are strategically diversifying their crude oil imports. The U.S. sanctions, announced on October 22, prohibit American entities from engaging with these companies and warn non-U.S. firms of potential secondary penalties, with a deadline of November 21 to wind down all transactions .Currently, Russia supplies approximately one-third of India's crude oil needs, equating to about 1.7 million barrels per day, with 1.2 million barrels sourced from Rosneft and Lukoil . Major Indian refiners, including Reliance Industries and Nayara Energy, have…

20 Aug

Russia Pins Hopes on India to Keep Oil Trade Flowing Despite US Pressure

Rajeev Sharma0 CommentsBusiness, India, World Newscrude oil imports, Roman Babushkin, Russia India oil trade, US sanctions pressure

New Delhi, August 20 – Russia has expressed confidence that India will not scale down crude oil imports despite rising American pressure, stressing that the two countries have developed a “special mechanism” to sustain trade.Addressing a press conference in New Delhi on Wednesday, Russia’s Chargé d’Affaires Roman Babushkin made it clear that Moscow values its energy partnership with New Delhi. “We don’t hope that India will stop buying oil. We have a true strategic partnership and are committed to removing any challenge,” he said.Russia’s Deputy Trade Representative Evgeniy Griva, who was also present, reaffirmed that crude oil supplies to India…