India’s crude oil imports increased by 1.7% in September to 19.93 million metric tons, marking a 6.1% rise year-on-year. This surge occurs as Indian refiners plan to reduce Russian oil
Continue readingIndia's September crude oil imports rise 1.7% m/m
US President Donald Trump stated India is completely stopping Russian oil purchases. He also mentioned China will significantly reduce its Russian oil imports. Trump reiterated his claim of mediating a
Continue readingTrump says India cutting back Russian oil purchases 'completely'
ONGC Videsh Ltd is seeking legal counsel after the US imposed sanctions on a Russian oilfield where Indian companies collectively hold a 49.9% stake. While Indian stakes are below the
In a landmark development, Waaree Energies has unveiled major new agreements for solar modules, clinching three domestic contracts that amount to a staggering 570 megawatts. On the international front, their
Continue readingWaaree Energies secures 692 MW solar module supply orders in India, US
Reliance Industries Ltd (RIL) is adjusting its refinery operations to comply with Western sanctions on Russian crude oil. The company confirmed it will adhere to EU guidelines and any directives
Indian oil refiners can shift away from Russian crude after US President Donald Trump imposed sanctions on Moscow’s two largest oil companies — but the move will come at a
Continue readingIndia can switch from Russian crude, but at a cost: Analysts
Reliance Industries is buying millions of barrels of crude oil from the Middle East and the US. This comes after sanctions were imposed on two Russian oil producers. The purchases
Continue readingReliance snaps up Middle East oil after Russia sanctions
Indian refiners are preparing to significantly reduce imports of Russian oil. This comes after the United States imposed sanctions on major Russian oil exporters, Rosneft and Lukoil. The strict enforcement
Continue readingIndia to tighten Moscow oil tap after US sanctions
The newly imposed US sanctions on major Russian oil companies could lead to a significant dip in Reliance Industries’ profits, estimated at ₹3,500 crore. Both Reliance and Nayara Energy are
Continue readingReliance, Nayara earnings may take a hit on new US sanctions
OPEC is prepared to increase oil production. This comes after new United States sanctions on Russian oil companies. Kuwait’s oil minister stated OPEC will boost output if needed to cover