Tag: crude oil imports

Shifting away from Russian oil imports currently won’t hurt India fiscally

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Shifting away from Russian oil imports currently won’t hurt India fiscally

Due to low global prices and reduced discounts India reducing its oil imports from Russia may have limited impact in its fiscal. | Photo Credit: Reuters The prevailing low global oil prices mean that, if India chooses to shift away from importing Russian oil and switches to more oil from the U.S., the financial impact…

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India’s Russian oil import rebound in Oct after dip in previous quarter: Kpler data

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India’s Russian oil import rebound in Oct after dip in previous quarter: Kpler data

India’s crude oil imports from Russia strengthened in the first half of October, reversing a three-month slide in arrivals seen during July-September as refineries were back on full stream to meet festive demand, according to ship tracking data. Imports from Russia slid from over 2 million barrels per day in June to 1.6 million bpd…

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