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India’s Russia exports in Feb up 25% to hit pre-Ukraine war level
1 year, 9 months ago

India’s Russia exports in Feb up 25% to hit pre-Ukraine war level

Live Mint  

India’s exports to Russia have exceeded the levels before the war outbreak in Ukraine, even as the conflict in Europe drags down global trade growth. Led by engineering goods, drugs and pharmaceuticals, and organic and inorganic chemicals, India’s exports to Russia in February surged 25% from the preceding month to touch $337.58 million, commerce ministry data showed. Russia’s invasion of …

India Ukraine Russia Oil Exports Million Feb
US says Russia not benefiting from +$60/bbl oil to India
1 year, 9 months ago

US says Russia not benefiting from +$60/bbl oil to India

Live Mint  

Russia is not reaping the benefits of higher costs of some recent cargoes of crude oil bought by refiners in India priced above the price cap set by countries in the West and Australia, a U.S. official said on Thursday. Some Dubai-based traders, and Russian energy companies Gazprom and Rosneft are seeking non-dollar payments for certain niche grades of Russian …

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Russian oil becomes more pricey with pool of Asian buyers expands
1 year, 10 months ago

Russian oil becomes more pricey with pool of Asian buyers expands

Live Mint  

The price of Russian crude and fuel is rising for buyers in Asia as a pool of bigger customers from China and India expands, putting pressure on smaller refiners that have eagerly consumed the cheap oil. The larger refiners have muscled in to a patch typically dominated by China’s smaller independent processors, known as teapots, which have been consistent consumers …

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India said to skip buying Russia's ESPO crude in September as freight costs jump
2 years, 3 months ago

India said to skip buying Russia's ESPO crude in September as freight costs jump

The Hindu  

Indian refiners are set to skip purchases of Russian ESPO crude oil this month due to higher freight rates, turning to Africa and the Middle East instead, industry sources said. India, which rarely used to buy Russian oil, has emerged as Moscow’s biggest oil customer after China since Russia’s invasion of Ukraine in late February. “On net back basis after …

India Indian Freight Costs Russian Oil Espo
Russian crude prices recover on strong India, China demand
2 years, 5 months ago

Russian crude prices recover on strong India, China demand

The Hindu  

Spot prices for Russia's key export crude grade ESPO Blend to Asia have rebounded from all-time lows amid strong demand from top buyers India and China and easing concerns about possible sanctions, several traders said. Data | India’s imports from Russia soar amid sanctions However, the European Union tweaked sanctions on Russia that came into force last month, easing payment …

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