Cheap crude is fueling growth in major importing nations like India, which is increasingly relying on discounted Russian oil.

India is increasing its purchases and imports of crude oil from the United States in advance of crucial tariff talks next ...

The share of OPEC oil in India's imports fell to a record low in fiscal year 2024-25 as refiners continued to gorge on ...

India’s crude oil imports from its largest supplier Russia is expected to surpass 2 million barrels per day (mb/d) in the current month—the highest since May 2023. The development also ...

Furthermore, India’s import bill could rise significantly if Russian oil does come under tariffs as the country will lose its access to discounted barrels. “Suppose Russian crude is priced out ...

India’s total crude oil imports in April are expected to reach approximately 5.2 -5.3 million barrels per day, as per Kpler data. (Reuters) India’s import of Russian oil touched its highest ...

Last week, Trump warned of additional tariffs of 25% to 50% on countries buying Russian oil. As per Vortexa data, US crude imports into India rose by 67% in March as against February. At the same ...

Iraq and Saudi Arabia were the second and third biggest sources of crude for India. India's oil imports from Saudi Arabia in 2024-25 plunged to the least in 14 years while those from Iraq declined ...

Russia is boosting its crude oil exports, with shipments to China and India rebounding as traders and buyers have reshuffled tanker supply chains following the U.S. sanctions on Russia’s oil ...

Cooling crude oil prices are expected to ease India's fertilizer subsidy burden and import bills, in a spot of relief for the economy navigating a raging tariff war. Cheaper oil also promises to ...

Data from market analytics firm Kpler shows that India’s crude oil imports from Russia for April 2025 are estimated at 2.1 million barrels per day (bpd)—potentially the highest since May 2023.

insurance and freight (CIF), in India for May delivery, compared to around USD 1,100 for crude soyoil, dealers said. Indian buyers started trimming purchases from December as palm oil's premium ...