Despite US President Donald Trump’s pressure on India to stop purchasing crude oil from Russia, state-run Indian Oil Corporation has placed an order for five cargoes scheduled for December delivery. According to a Reuters report quoting sources, IOC has ...

Indian Oil Corp. plans to start a joint venture with commodities trader Vitol Inc. in Singapore to trade oil and fuel products early next year, a person familiar with the development said. The agreement will include a clause requiring Vitol’s exit after ...

Indian Oil Corp has bought another cargo of U.S. West Texas Intermediate for delivery in October, Reuters reported today, citing unnamed industry sources. The deal is part of a recent streak of U.S. oil purchases following President Trump’s threat to ...

India has been snapping up discounted Russian crude for three years, but U.S. sanctions that take effect on Friday are expected to end the lucrative trade.

MUMBAI, India — Tariffs on many Indian-origin goods entering the United States have now been doubled to 50%. While India has long been seen by the U.S. as a bulwark against China, Indian goods now face some of the highest import taxes of products made ...

Two Indian refiners have bought cargoes totaling 4 million barrels of Guyanese crude, Reuters has reported, citing unnamed trade sources who also said the oil will be delivered by the end of this year or the start of 2026. Each of the refiners—Indian Oil ...

Indian oil refineries have stopped accepting Russian crude oil delivered by tankers operated by Sovcomflot—Russia’s largest commercial shipping company that has been sanctioned by the U.S.—Bloomberg reported, potentially dealing a blow to Moscow’s ...

Oct 27 (Reuters) - Indian Oil Corp (IOC.NS), opens new tab, the country's top refiner, reported a multi-fold jump in second-quarter profit on Monday, boosted by stronger refining margins due to a decline in international crude oil prices. The state-owned ...