Indian refiners
Russian Oil Tanker Reverses Course in Baltic Sea Following US Sanctions: Impact on India-Russia Oil Trade
Oct 29, 2025 09:56 pm CST
An India-bound tanker carrying Russian crude oil has made a U-turn in the Baltic Sea following recent US sanctions on Russian oil giants Rosneft and Lukoil, signaling potential major disruptions in the oil trade between Russia and India. The vessel Furia, loaded with 730,000 barrels of Urals crude, is now idling at sea as Indian refiners reassess their Russian oil purchases amid tightening international restrictions.
US Sanctions on Russian Oil Companies: Impact on Global Markets and India's Energy Security
Oct 23, 2025 05:19 pm CST
The US has imposed significant sanctions on Russia's largest oil companies, Rosneft and Lukoil, in an effort to pressure Vladimir Putin to end the Ukraine war. These measures could substantially impact global energy markets, particularly affecting major Russian oil buyers like India and China. Indian state refiners are now reviewing their Russian oil trade documentation while balancing energy security concerns against international pressure. The sanctions mark a significant escalation in economic measures against Russia's primary revenue source and may reshape global energy trade patterns.
Crunching Numbers: How Trump's 25% Tariff Will Impact Indian Markets
Aug 01, 2025 10:48 pm CST
US President Donald Trump has announced the latest reciprocal tariff rates for trading partners as the August 1 deadline came to an end on Friday.