All posts tagged: Russian crude oil

How India’s Oil Strategy Is Helping Prevent A Global Price Shock Amid Strait Of Hormuz Crisis | India News

How India’s Oil Strategy Is Helping Prevent A Global Price Shock Amid Strait Of Hormuz Crisis | India News

Published by Webster

Last Updated:March 12, 2026, 15:03 IST India’s decision to continue buying Russian crude ensures that these supplies remain part of the global market. India is currently the world’s third-largest oil importer and one of the biggest refining hubs. (Representational image) The war in West Asia has triggered one of the most serious disruptions to global oil supply routes in years. Rising tensions between Iran, the United States and Israel have affected shipping through the Strait of Hormuz — a narrow maritime passage that carries a significant share of the world’s crude oil trade. Attacks on vessels and fears of mines in the waterway have already slowed tanker traffic, raising concerns about a sudden spike in oil prices worldwide. Against this backdrop, India has unexpectedly emerged as a stabilising force in the global oil market. The role was acknowledged publicly by US Ambassador to India Sergio Gor, who praised New Delhi for continuing to purchase crude oil even as supply chains face disruption. “India has been a great partner in maintaining stable oil prices around the …

No clarity on whether India will stop buying Russian crude oil| India News

No clarity on whether India will stop buying Russian crude oil| India News

Published by Parlour News

New Delhi, India on Saturday neither confirmed nor denied if it has decided to stop procuring Russian crude oil after the US rolled back a punitive 25 per cent tariff it had slapped on Indian goods over New Delhi’s purchases of petroleum products from Russia. No clarity on whether India will stop buying Russian crude oil US President Donald Trump signed an executive order removing the 25 per cent additional tariff. The move came days after the US president announced a trade deal with India and said that Washington would slash the tariffs on Indian goods to 18 per cent from 50 per cent in exchange for India halting Russian oil purchases and lowering trade barriers. “Specifically, India has committed to stop directly or indirectly importing Russian Federation oil, has represented that it will purchase United States energy products from the United States, and has recently committed to a framework with the United States to expand defence cooperation over the next 10 years,” Trump said in the executive order. If the US Secretary of Commerce …

Reliance refutes reports of Russian crude oil shipments to Jamnagar refinery| India News

Reliance refutes reports of Russian crude oil shipments to Jamnagar refinery| India News

Published by Parlour News

Reliance Industries said in a statement on Tuesday that it does not expect any Russian crude oil shipments in January and that no such cargo has reached its facilities in the last three weeks. The clarification came after a Bloomberg report claimed that at least three tankers carrying Russian crude oil had indicated a Reliance Industries Ltd refinery as their next stop. This undated handout picture from Reliance Industries shows a general view of a refinery at Jamnagar, some 400kms west of Ahmedabad. (AFP File Photo) In a post on X, the company described the report as “blatantly untrue”. It said, “Reliance Industries’s Jamnagar refinery has not received any cargo of Russian oil at its refinery in the past three weeks approx. and is not expecting any Russian crude oil deliveries in January.” It further said, “We are deeply pained that those claiming to be at the forefront of fair journalism chose to ignore the denial by RIL of buying any Russian oil to be delivered in January and published a wrong report tarnishing our …

Putin’s India Visit LIVE Updates: Russian President To Attend 23rd India-Russia Annual Summit In New Delhi

Putin’s India Visit LIVE Updates: Russian President To Attend 23rd India-Russia Annual Summit In New Delhi

Published by Webster

Putin’s India Visit LIVE Updates: Russian President Vladimir Putin on Thursday kick-started a nearly 27-hour visit to India to further shore up a nearly eight-decade bilateral partnership. In reflection of the importance India attached to the visit, Prime Minister Narendra Modi received Putin at New Delhi’s Palam airport with a hug and accorded him a warm welcome to India. The two leaders left the airport in the same car for 7 LKM for a private dinner hosted by PM Modi in Putin’s honour. The conversation held at the dinner table likely set the tone for the 23rd India-Russia summit talks on Friday, which is expected to produce a number of key outcomes. Putin’s Schedule On Friday As per the itinerary, the visiting leader will have a packed itinerary on Friday. The day is expected to begin by visiting Rashtrapati Bhawan for a ceremonial reception at 11 AM, followed by a visit to Rajghat. From Rajghat, Putin will move to Hyderabad House. The core agenda at Hyderabad House is economic recalibration, as both leaders seek to …

Putin’s Visit To India Live Updates: Russian President To Begin 27-Hour Trip With Dinner At PM Modi’s Home

Putin’s Visit To India Live Updates: Russian President To Begin 27-Hour Trip With Dinner At PM Modi’s Home

Published by Webster

Putin India Visit Live Updates: Russian President Vladimir Putin will arrive in New Delhi on Thursday evening at nearly 6:30 PM. After landing, he will go to the Prime Minister’s residence for a private dinner meeting with Narendra Modi. The one-on-one conversation is expected to continue until about 8.30 PM. After the meeting, the Russian leader will return to his hotel for the night. His official schedule will begin late in the morning with a meeting with the President of India at Rashtrapati Bhavan, likely at around 11 AM. From there, he is expected to travel to Rajghat to pay tribute at the memorial. He is likely to spend around 30 minutes at the site before heading to Hyderabad House, where most of the diplomatic discussions will take place. Prime Minister Modi will host a lunch for President Putin at Hyderabad House at around 2 PM. Officials said the rest of the afternoon has been reserved for structured meetings between the two delegations. Both sides will review ongoing cooperation and discuss possible new areas of …

Putin’s Visit To India Live Updates: Russian President To Begin 27-Hour Trip With Dinner At PM Modi’s Home

Putin India Visit Live Updates: Russian President To Begin 27-Hour Trip With Dinner At PM Modi’s Home | India News

Published by Webster

Last Updated:December 04, 2025, 06:00 IST Putin India Visit Live Updates Prime Minister Narendra Modi will host a luncheon for the Russian President at Hyderabad House around 2 PM on Friday. PM Modi and Russian President Vladimir Putin. (PTI) Putin India Visit Live Updates: Russian President Vladimir Putin will arrive in New Delhi on Thursday evening at nearly 6:30 PM. After landing, he will go to the Prime Minister’s residence for a private dinner meeting with Narendra Modi. The one-on-one conversation is expected to continue until about 8.30 PM. After the meeting, the Russian leader will return to his hotel for the night. His official schedule will begin late in the morning with a meeting with the President of India at Rashtrapati Bhavan, likely at around 11 AM. From there, he is expected to travel to Rajghat to pay tribute at the memorial. He is likely to spend around 30 minutes at the site before heading to Hyderabad House, where most of the diplomatic discussions will take place. Prime Minister Modi will host a lunch …

S Jaishankar To German Daily

Published by Webster

External Affairs Minister S Jaishankar is in Germany’s Munich for a security meeting (File). New Delhi: India and Russia share a “stable and very friendly” relationship and Moscow has “never hurt out interests”, External Affairs Minister S Jaishankar told German daily Handelsblatt this week, defending long-standing ties between the two nations as the West pushes to end the war in Ukraine. The comments come amid muffled whispers New Delhi might help resolve violence that, according to United States intelligence from December suggests has killed over 70,000 – civilian and military. “Everyone conducts a relationship based on past experiences. If I look at the history of post-independence India, Russia has never hurt our interests. We have always had a stable and very friendly relationship… and our relationship with Moscow today is based on this experience.” India-Russia ties have been under scrutiny since Vladimir Putin invaded Ukraine in February 2022, triggering weapons aid for Kyiv from the West, and financial sanctions by the United States and Europe, including those on the purchase of Russian crude oil. A …