Russia continues to be the largest supplier of crude oil to India. The second largest supplier of crude is Iraq followed by Saudi Arabia. While Russia supplied 37 million tons …
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Russian Oil
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Economy
After Indian oil imports from Russia touch all-time high, Iran too queues up for Indian market
Notwithstanding the teething problems in the rupee-ruble payments mechanism, India’s oil imports from Russia further increased in June with a record high of 2.2. million barrels per day (bpd) being …
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India’s crude supplies from Russia are expected to remain intact or even rise despite Moscow’s decision to cut down on oil production. Russia has already that it will bring down …
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Economy
India displaces China to be largest purchaser of Russian seaborne oil
by IN Bureauby IN BureauAs more than 90 per cent of Russian oil is flowing into Asia since the beginning of the Ukraine war last year, India’s imports of seaborne crude from Moscow are …
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Opinion
Jaishankar’s interview mirrors domestic-global nexus to destabilise India
by Kanwal Sibalby Kanwal SibalExternal Affairs Minister Jaishankar’s interview to ANI made some cogent and irrefutable points about the campaign in the western media and NGO circles against Prime Minister Modi. Independently of what …
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World
With $30 billion bilateral trade turnover in sight, India and Russia plan big for 2023
by Ateet Sharmaby Ateet SharmaRiding on large oil shipments and fertiliser purchases, the volume of trade between India and Russia is set to cross $30 billion before 2022 ends next week. While the 2021 …
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The government of India is taking all the steps, to ensure the security of crude supplies and mitigate the risk of crude oil dependence on a single region. Replying to …
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World
India-Russia ties go deeper with provinces getting into the act
by Ateet Sharmaby Ateet SharmaThe geography of partnership between Moscow and India is not just limited to New Delhi, Russian Ambassador to India Denis Alipov stated on Wednesday. Speaking at a business forum in …
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As Western countries introduced a price ceiling on seaborne crude oil of Russian origin from Monday, Moscow has once again made it clear that it will not recognise any price …
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The European Union has reached a deal to cap the price of Russian seaborne oil at USD 60 per barrel in order to hit Russia’s revenues. Taking to Twitter, the …
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Pakistan’s Finance Minister Ishaq Dar finds himself in a bind. Dar, a close aide of PML-N supremo, was reappointed Finance Minister, promised to bring down prices and reduce taxes. But …
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Economy
India free to buy oil from wherever necessary: Petroleum Minister Hardeep Puri
by IN Bureauby IN BureauIndia, one of the largest oil importers, remains confident that it will navigate through the situation which will arise following the recent announcement of a cut in oil production quotas …