Oil Tankers U-Turn and Buyers Go Elsewhere as Russia Sanctions Bite
On Jan. 10 the US Treasury’s Office of Foreign Assets Control sanctioned 161 tankers and traders involved in about 2,000 ...
India’s crude calculus shifts: OPEC’s share of India’s crude imports rises for the first time in nine years
OPEC's share of India's oil imports rose for the first time in nine years, signaling a shift in the country's sourcing ...
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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 ...
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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's IOC buys Middle East, African oil to replace Russian supply
SINGAPORE/NEW DELHI (Reuters) -Indian Oil Corp (IOC), the country's top refiner, has bought 7 million barrels of spot Middle ...
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India is staring at an oil shock as U.S. sanctions on Russian crude loom
India is now staring at the possibility of an oil shock after the U.S. decided to implement sweeping sanctions on Russia’s ...