RUSSIAN SEA BORNE OIL

A multimodal route that includes a railway, roadway network and seaports, the INSTC spans 7,200km (4,500 miles) from St. Petersburg to the port of Mumbai in India. The corridor is part of Russia’s push to find new transport routes in light of Wester...

Indian Oil Minister Hardeep Singh Puri announced Bharat Petroleum Corp's plan to build a new refinery. The nation aims to sign more oil import deals with countries, including Russia, at discounted rates. Prime Minister Narendra Modi seeks to provide...

Born in Delhi, the 1974 batch Indian Foreign Service (IFS) officer, Puri claims to be affiliated to ABVP - the students' body aligned to BJP, during his student days at Hindu College of the Delhi University (DU), where he received his bachelor and m...

India's top oil and gas producer, ONGC, has reduced helicopter sorties to its offshore installations in the Arabian Sea for three months to prevent deadly accidents during the monsoon season. The temporary measure, which is only in effect from June ...

Prices for some of the world’s most vital commodities — natural gas, power and staple crops like wheat and soy — are climbing.

Executives from some of the top lenders, including State Bank of India, Punjab National Bank and Canara Bank, met with a six-member US Treasury delegation last month. The discussions focused on Russian payments and a possible breach of the internati...

Russian President Vladimir Putin stated during a visit to China that Russia's offensive in Ukraine's Kharkiv region aims to create a buffer zone without capturing the city. The offensive began on May 10 and led to intense fighting, displacing thousa...

In a retaliatory move, Ukraine launched a massive drone attack on Crimea, causing a power outage in Sevastopol and setting a refinery ablaze in southern Russia. Russian authorities reported downing 101 drones and repelling Ukrainian advances in nort...

U.S. Secretary of State Antony Blinken announced a $2 billion arms package for Ukraine during a visit to Kyiv, aimed at supporting Ukraine in its defense against a new Russian offensive. The package includes funds for medium- and long-term foreign m...

Ukrainian President Zelenskyy delays foreign trips amid clashes with Russian forces. U.S. Secretary of State Blinken reassures Ukrainian support during Kyiv visit. Zelenskyy cancels plans, citing ongoing battles and Russia's incursions. Blinken laud...

The share of vanaspati in the basket of different types of cooking oils consumed by Indians has nearly halved in the past decade to 2.88%. However, it still holds the second-highest weightage of 14.35% in the wholesale price index (WPI) after palm o...

In February, China and India remained primary destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports, as they sought alternatives to crude oil. Russia redirected most of its fuel oil and VGO to Asia following the EU's oil embargo...

China imported 1.82 million barrels a day (mb/d) of Russian crude by sea in March, a third more than India's 1.36 mb/d, according to energy cargo tracker Vortexa. China also receives Russian oil through pipelines.India's monthly imports of seaborne ...

Ukraine's navy has dealt a significant blow to Russia, sinking or disabling a third of its warships in the Black Sea over the past two years of conflict. The latest strike targeted the Russian amphibious landing ship Kostiantyn Olshansky in Sevastop...

Local officials said Russian aerial bombardments struck residential buildings and cars leaving at least 14 people dead and wounding another 46 people, including rescuers. "Russian terror in Odesa is a sign of weakness of the enemy, which is fighting...

Ukraine said on Tuesday its forces destroyed a Russian military patrol ship in the Black Sea near annexed Crimea, the latest naval attack on Moscow's fleet in the key waterway. Ukraine's GUR military intelligence unit on Tuesday released a black and...

On Tuesday, Ukraine announced that it destroyed a Russian military patrol ship in the Black Sea near the annexed Crimea. This marks the latest attack on Moscow's fleet in the region. Additionally, Kyiv claimed responsibility for a drone strike on an...

Urals oil, Russia's flagship export blend loaded from its western ports, is mostly supplied to Asia due to a European Union embargo on Russian oil, with India becoming its top buyer for seaborne oil. Meanwhile, there have been no disruptions in BPCL...

Russian oil's share in India's crude imports dropped to 25% in Jan from 31% in Dec due to narrower price discounts, US sanctions impacting shippers, and increased freight costs due to Red Sea attacks. India imported 1.2 mbd of Russian crude in Jan, ...