Business

Over 10 million barrels bought! Indian refiners buy Russian crude to counter Middle East oil supply shock; US gives 30-day waiver

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Shipping data compiled by Bloomberg shows that roughly 15 million barrels of Russian oil are currently held on tankers in the Arabian Sea and the ...

Rupee gains 2 paise to 91.62 after US allows Indian refiners to buy Russian oil

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The Indian Rupee saw a slight gain against the US Dollar. This happened after the United States granted a 30-day waiver. Indian refiners can now ...

US-Iran war impact: Emergency powers invoked, India asks refiners to step up LPG output to avoid cooking gas shortage – report

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Around two-thirds of India’s LPG demand is met through imports, with the Middle East accounting for roughly 85 to 90 per cent of those supplies. ...

Israel-Iran war: What US 30-day waiver on Russian oil means for India – explained

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Around 90% of India’s crude oil is imported – and around 40-50% of India’s crude oil imports come from the Middle East, particularly after it ...