New Delhi, March 31 India's first shipment of Iranian crude oil since 2019 may be heading towards a port in Gujarat, according to ship tracking data.Indian refiners have been looking to purchase a few cargoes of Iranian oil following the recent sanctions waiver by Washington."The...
New Delhi, March 11 India's purchase of Russian crude oil has surged by 50 per cent in March as New Delhi tapped alternative sources to compensate for the shortfall arising from disruptions in the Middle East amid an escalating military conflict.India bought about 1.5 million barrels of...
New Delhi, March 6 Indian refiners have begun purchasing some of the over 15 million barrels of Russian crude currently floating on tankers near the country, as they seek to address supply concerns arising from disruptions in the Middle East.Sources said refiners increased purchases after the...
New Delhi, March 1 With sufficient crude oil reserves to meet at least 10 days of needs and fuel stocks covering another 5-7 days, India is unlikely to face any immediate disruptions in oil supplies due to the closure of the Strait of Hormuz, officials said.Even as developments related to the...
New Delhi, February 22 – India's crude import strategy is entering a phase of calibrated rebalancing rather than a sudden realignment, with Middle Eastern suppliers, led by Saudi Arabia, regaining market share, according to shipping data and analysts. This is happening even though Russian...