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10.12.25 - 17:45
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Deep Discounts Tempt Indian Refiners To Seek Non-Sanctioned Russian Oil (ZeroHedge)
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Deep Discounts Tempt Indian Refiners To Seek Non-Sanctioned Russian Oil
Authored by Tsvetana Paraskova via OilPrice.com,
The majority of India's biggest refiners are buying Russian oil from non-sanctioned sellers and traders as widening discounts of Russia's crudes to benchmarks are tempting the price-sensitive Indian importers, sources involved in the purchases told Bloomberg on Wednesday.
Before the latest sanctions on Russian oil producers Rosneft and Lukoil, India bought from Russia around one-third of all the crude it imported, as it sought cheaper oil.
Amid tense trade negotiations with the United States, India earlier this year was singled out by U.S. President Donald Trump as the main financier of the Kremlin's oil revenues.
At the time, India remained adamant that it would buy the cheapest oil available, regardless of whether it came from Russia or elsewhere.
However, the U.S. sanctions on Rosneft and Lukoil upended all previous plans by Indian refiners, who hastened to ...
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06.12.25 - 02:24
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Russia′s Vital Oil Trade With India Is Down, But Not Out (Bloomberg)
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India's imports of Russian crude are expected to plunge to a near four-year low early next year, after months of US pressure. As workarounds emerge and the Kremlin cranks up its own charm offensive, however, the question is how long that drop will last....
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05.12.25 - 20:33
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′Uninterrupted Oil Shipments′: Putin Questions US Punishing India During Red-Carpet Welcome (ZeroHedge)
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'Uninterrupted Oil Shipments': Putin Questions US Punishing India During Red-Carpet Welcome
Russian President Vladimir Putin is in India for a two-day official visit, greeted by New Delhi city streets decked out in "Welcome to India" posters, celebratory images of Putin's portrait, and alternating Russian and Indian flags. Prime Minister Narendra Modi was actually present at the airport in Delhi to receive Putin Thursday night, which marks a rare break from protocol.
The Russian leader met with Prime Minister Modi and senior Indian officials, and the agenda included a wreath-laying ceremony at the Mahatma Gandhi memorial, the signing of economic and strategic partners ship deals, and participation in the Russian-Indian Business Forum. Putin's last trip to India was five years ago, in 2021, and Modi's visit to Moscow last year came at a sensitive and crucial point at which the West was trying to impose total isolation on Moscow, amid the grinding Ukraine war.
AFP/Getty Images
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05.12.25 - 15:00
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Putin vows oil shipments to India will be ′uninterrupted′ in defiance of US (The Guardian)
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Narendra Modi says energy security is 'pillar of the India-Russia partnership' as two leaders meet in DelhiVladimir Putin has told the Indian prime minister, Narendra Modi, that Russia is ready to continue “uninterrupted” shipments of oil to India, signalling a defiant stance as the two leaders met in Delhi and affirmed that their ties were “resilient to external pressure”.The statement, made on Friday after the annual India-Russia summit, appeared to be directed at western countries – particularly the US – that have attempted to pressure New Delhi into scaling back its ties to Moscow. Continue reading......
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