Indian refiners seeking to boost Saudi crude oil imports

Two Indian state refiners are seeking to boost imports of Saudi crude oil after the kingdom cut the official selling price of its key export grade for February to the lowest in 27 months, company sources said. Indian Oil Corp, the country’s top refiner, and Bharat Petroleum Corp, are looking at lifting an additional 1

India buys Russian crude despite narrowing discounts

Indian buyers, key consumers of cheap Urals crude since the invasion of Ukraine, have no plans to turn away from Moscow even as the discount to global benchmarks narrows, arguing Russian barrels remain among their most affordable options. India’s consumption of Russian crude has soared since last year, with the country becoming a leading supplier,

Russia oil discount to India decline, but shipping charges remain high

Shipping costs of $11-19 a barrel from Russian ports to India – some of it on 100+ tankers allegedly acquired by Russian actors for shadow fleets – are higher than rates for comparable distances, such as the Persian Gulf Travel from to Rotterdam

Oil refiners from India using CNY to buy Russian crude

In June, Indian Oil was the first state refiner to pay for Russian crude in yuan, while at least two of India's three private refiners have completed similar transactions.

Rosneft holds back on signing extra oil deals with India

According to the sources, Russia’s Rosneft is not ready to sign new crude oil deals with two Indian state refiners, as it has committed sales to other customers. Indian refiners have been snapping up cheap Russian oil, shunned by western companies and countries since sanctions were imposed against Moscow for its invasion of Ukraine on

Indian refiners still purchasing Russian oil through private deals

India is doubling down on Russian crude oil purchases despite warnings from the US, snapping up every major grade from the OPEC+ producer as its war in Ukraine nears a third month. State-run oil refiners are now looking at privately negotiated deals instead of buying through public tenders in order to get better prices, according

Indian refiners’ October crude processing up over 11%

Indian refiners’ crude oil throughput in October rose from the previous month, government data showed on Tuesday, in tandem with a jump in fuel consumption to the highest in seven months. Refiners processed 4.96 million barrels per day (bpd) (20.96 million tonnes) last month, up 11.5% from 4.45 million bpd in September, the data showed.