The first shipment of discounted Russian crude oil has arrived at the port city of Karachi, Pakistan Prime Minister Shehbaz Sharif announced on Sunday, a development that is expected to provide relief to the people hit by...
Russia continued to be the single largest supplier of crude oil, which is converted into petrol and diesel at refineries, for a sixth straight month by supplying more than one-third of all oil India imported, according to...
India, the world's third biggest oil-consuming and importing nation, is looking to raise domestic output to help cut down reliance on costly imports
India took 1.96 million barrels a day from Russia in May, 15 per cent more than the previous high in April, according to data from energy cargo tracker Vortexa
From less than 1% share of India's import basket before the Ukraine War in February 2022, Russia's share of India's imports rose to around 35% in February.
The single biggest importer worldwide, however, was China, which bought 35 billion euros worth of Russian energy, the Helsinki-based group said
A Russian delegation arrived in Islamabad in January this year to hold talks and settle technical issues such as insurance and mortgage
The government on June 29 allowed firms like ONGC and Vedanta to sell locally produced crude oil to any Indian refinery for turning it into fuels such as petrol and diesel
Russian state companies are reportedly giving crude oil at lower prices to countries that can afford to pay.
Russia has displaced Saudi Arabia as India's second-largest oil supplier as Russian oil prices went down considerably after its Ukraine invasion.
