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13.01.26 - 13:42
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Russian oil trade: India slips to third-largest buyer in December (Times of India)
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India has slipped to third place in Russian fossil fuel imports for December 2025, with Reliance Industries and state refiners significantly cutting crude oil purchases. Turkiye now ranks second, while China remains the top buyer. This shift follows new US sanctions on Russian oil producers, impacting India's previously high reliance on discounted Russian crude....
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21.11.25 - 01:01
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India′s Reliance To Stop Processing Russian Oil At Giant Jamnagar Refinery (ZeroHedge)
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India's Reliance To Stop Processing Russian Oil At Giant Jamnagar Refinery
India's Reliance Industries said it would stop processing Russian oil at part of its giant Jamnagar oil refinery as US sanctions force the company to shy away from dealings with Moscow, Bloomberg reported.
The export-focused part of the refinery took its last shipment of Russian crude on Thursday, the company said in statement adding that some purchases bought before the US put sanctions on Russia's two largest oil companies would discharge at another part of the facility.
Starting Friday, four of Russia's top producers - accounting for as much as 80% of the country's exports to India - are under sanction, leaving counterparties at risk of secondary sanctions.
Reliance's plant at Jamnagar can process more than 1.4 million barrels a day of crude and in turn supply products to both the domestic market and overseas.
Jamnagar refinery at night
In a sign that Trump's sanctions on Russian oil may finally be wor...
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13.11.25 - 10:01
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US Govt Shutdown Ends & Ukraine President Zelenskiy Exclusive Interview | Daybreak Europe 11/13/2025 (Bloomberg)
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Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins.
On today's show, President Trump has signed legislation to end the longest government shutdown in US history.
Elsewhere, In an exclusive interview, Volodymyr Zelenskiy says fresh European funding using Russian funds, is critical for sustaining his country's war effort.
Bloomberg's Oliver Crook misspoke when he asked Zelenskiy if he had discussed alternative plans with Russian allies about Russian assets.
He meant of course to say, if he had discussed alternative plans with allies about Russian assets.
Today's guests: Yael Selfin, KPMG UK Vice Chair & Chief Economist, Siemens CEO Roland Busch, Entrepreneurs First Co-Founder and CEO Alice Bentinck. (Source: Bloomberg)...
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12.11.25 - 21:03
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US Sanctions Push Indian Refiners Away From Russian Crude (ZeroHedge)
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US Sanctions Push Indian Refiners Away From Russian Crude
By Charles Kennedy of OilPrice.com
All but two Indian refiners have skipped placing orders for Russian crude for December after the U.S. sanctioned Russia's top oil producers, Rosneft and Lukoil, sources with knowledge of the purchases told Bloomberg on Tuesday.
India's refiners, which have come to rely on cheap Russian crude in the past three years, have withdrawn from the December purchasing window which typically closes by November 10.
Five large refiners, including state-owned Bharat Petroleum Corporation Limited (BPCL), Hindustan Petroleum Corporation Limited (HPCL), and Mangalore Refinery and Petrochemicals Limited (MRPL), and private firms Reliance Industries Ltd and HPCL-Mittal Energy Ltd, have not requested any Russian crude for December.
Combined, these five firms have imported two-thirds of all Russian crude oil into India year to date, according to Kpler data cited by Bloomberg.
Only India's biggest state-held...
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