Tag Archives: India

The United States is happy for India to continue buying as much Russian oil as it wants, including at prices above a G7-imposed price cap mechanism, if it steers clear of Western insurance, finance and maritime services bound by the cap, US Treasury Secretary Janet Yellen said on Friday. The …

As India’s oil and gas demand continues to grow, the South Asian country is looking to any supplier offering a low-cost product, regardless of how controversial they may be. India’s refiners are diversifying their supply, in response to recent OPEC oil quota cuts, and turning to sanctioned states, such as …

India and Russia on Tuesday vowed to expand their economic engagement including New Delhi’s import of petroleum products from its “time-tested” partner even as External Affairs Minister S Jaishankar emphasized on ending the Ukraine conflict in view of growing global concerns over energy and food security. After holding wide-ranging talks …

India will “benefit” from the proposed price cap on oil, Treasury Secretary Janet Yellen has said, arguing that the United States does not want Russia to “profit unduly” from the war by enjoying prices that are essentially very high due to its Ukrainian invasion. Developing countries like India and China …

Iran’s ambassador to India said in New Delhi on Friday that Tehran is ready to sell oil to India and deliver it at desired destination. “We are, just as always, ready for further expansion of economic ties India, such as delivering crude oil at any desired destination, and decision making …

China and India will significantly expand their LNG import infrastructure over the next five years with the pair, led by China, set to record the highest LNG regasification capacity additions in Asia. China is set to register the highest liquefied natural gas (LNG) regasification capacity additions in Asia between 2022 …

Saudi Arabia’s energy minister held talks with counterparts from China and India, two of the kingdom’s biggest oil customers, amid a standoff with the U.S. over OPEC+’s decision to cut production. Prince Abdulaziz bin Salman held an online meeting with China’s National Energy Administrator Zhang Jianhua, during which they agreed …

Vessel tracking data suggest that the demand for Russian crude oil seems to be picking up, especially among India, China, and Turkey, according to media reports. The three countries have been Russia’s most reliable buyers of its crude during its ongoing conflict with Ukraine amid sanctions threat, reports said. Shipments …

India may not be the most excited member of the club planning to cap prices of Russian crude oil, reported Livemint. Recently, finance ministers of G7 countries led by the US, proposed that oil-related service providers may only be allowed to deal in Russian seaborne oil and petroleum products at …

The India-based Oil and Natural Gas Corp (ONGC) is looking to buy a stake in the Russian firm managing the Sakhalin-1 project, while Japan is holding talks with stakeholders to decide on the project, according to Reuters. Earlier this month, Russian President Vladimir Putin signed an agreement to transfer operations …