India may face a $9–11 billion spike in oil import costs if US penalties force it to cut Russian crude. With EU sanctions also tightening, refiners like Reliance and Nayara could lose margins, ...

In February 2021, India's crude oil import strategy underwent a significant shift as the country began substantially ...

India faces a potential increase of $9-11 billion in its annual oil import costs due to US-imposed tariffs and European sanctions. This threatens India's reliance on discounted Russian crude, which ...

Trump indicated in a Truth Social post last month that India would face additional penalties for purchases of Russian arms ...

Nayara Energy has approached Indian state-run oil marketing companies (OMCs) to offload its export volumes of petrol and ...

Russia is the top supplier to India, responsible for about 35% of India's overall supplies. Private refiners bought nearly 60 ...

Concerns about potential supply disruptions, which had temporarily driven up prices, have been alleviated by Russia's ...

President Donald Trump signed an executive order Thursday that would have new tariffs on a wide swath of U.S. trading ...

Supertanker Kalliopi was in the process of discharging Iraqi oil for India's Nayara Energy on Wednesday, the first delivery ...

Microsoft has restored services to Russia-backed Indian refiner Nayara Energy, Nayara's lawyer told a New Delhi court, days ...

Supertanker Kalliopi was in the process of discharging Iraqi oil for India's Nayara Energy on Wednesday, the first delivery ...