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Saudi crude sales to India jump 152% in July as refiners rebuild Gulf supply but Russia holds over half the basket
Gulf producers are recovering lost ground but are yet to reclaim their pre-Iran war share of India’s crude basket
UAE crude exports to India hit multi-year high
Plus: ONGC to build the country’s newest oil reserve
THIS AFTERNOON: India’s Russian oil imports surge by nearly 150% in March
Plus: India’s IPO pipeline to see delayed listings amid eased timelines
Indian refiners pivot away from the greenback to settle Russian oil trades
Buyers are setting up alternative payment channels in AED and CNY to bypass sanctions, but the USD remains the ultimate…
US extends Russian crude waiver as India scrambles to bypass Strait of Hormuz
Temporary authorization covers cargoes loaded before 12 March as markets watch MENA supply risks
India’s Russian crude imports set to drop sharper in February, after January decline
Indian refiners are scaling back Russian crude as sanctions begin to erode commercial viability; pivot to Middle Eastern suppliers
THIS AFTERNOON: Adnic clears GIFT City entry; Petrobras expands supply agreements with Indian refiners as Reliance resumes Russian oil imports
Plus: India, Germany advance USD 10 bn submarine manufacturing talks
Russian crude to India set for deeper cuts, ICRA tells EnterpriseAM
Middle East suppliers are likely to see an uptick from India as the largest refiner drops Russian crude
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