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India's Russian oil buy surges 50% amid scramble to replace lost barrels
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Business Standard - Markets 122d ago

India's Russian oil buy surges 50% amid scramble to replace lost barrels

India's purchase of Russian crude oil has surged 50 per cent in March as New Delhi tapped alternate sources to make up for the shortfall arising from disruption in the Middle East amid a widening military conflict. India bought about 1.5 million barrels of Russian oil this month, up from 1.04 million bpd in February, ship tracking data showed. India, the world's third-largest crude importer, sources 88 per cent of its oil needs from abroad. It consumes 5.8 million barrels per day, of which 2.5-2.7 million barrels came from Middle East countries like Saudi Arabia, Iraq, and the UAE via the Strait of Hormuz. The chokepoint also carried 55 per cent of India's cooking gas (LPG) and 30 per cent of liquefied natural gas (LNG), used for power, fertilizers, CNG, and household cooking. The ongoing conflict has largely halted shipments through the strait, forcing India to seek alternative crude sources from Russia. "India was expected to import around 2.6 million barrels per day of crude vi

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Google News - India Markets 122d ago

Stock Market Crash: Nifty, Sensex In Deep Red As These Factors Weigh - NDTV Profit

Stock Market Crash: Nifty, Sensex In Deep Red As These Factors WeighNDTV Profit

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Google News - India Markets 123d ago

Stock Market Highlights: Markets Rebound As Oil Prices Drop Over Trump's Remark - NDTV

Stock Market Highlights: Markets Rebound As Oil Prices Drop Over Trump's RemarkNDTV

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Google News - India Markets 124d ago

Stock Market LIVE: Bloodbath In Markets As Sensex Crashes, Nifty Down - NDTV

Stock Market LIVE: Bloodbath In Markets As Sensex Crashes, Nifty DownNDTVSensex Today | Nifty 50 | Stock Market Live Updates: Sensex tanks over 2,000 pts, Nifty below 23,800; all...The Economic TimesStock market today: Nifty50 opens below 24,000, Sensex tumbles over 2,400 points as oil surges past $100The Times of IndiaIndian shares slump as Iran war drives oil spike, clouds economic outlookReutersSensex crashes over 2,000 points: 3 reasons why stock market is down todayIndia TodaySensex Today | Stock Market LIVE Updates: Nifty PSU bank down 5%; Bank of India, Bank of Mah top losersCNBC TV18Middle East tensions to shape Indian stock market sentiments this weekInvestment GuruNifty 50, Sensex today: What to expect from Indian stock market in trade on March 9 after jump in crude oil pricesMSNStock market today: Trade setup for Nifty 50, US-Iran war to gold, silver, crude oil rates; eight stocks to buy or sellMint

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Google News - India Markets 129d ago

Sensex Down 1,600 Points, Nifty Slips 500 As Markets Crash Over Oil Concerns - NDTV

Sensex Down 1,600 Points, Nifty Slips 500 As Markets Crash Over Oil ConcernsNDTV

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US In Negotiations Over Venezuelan Oil Sales To India, Says Envoy Sergio Gor
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NDTV Profit 141d ago

US In Negotiations Over Venezuelan Oil Sales To India, Says Envoy Sergio Gor

Speaking about ongoing negotiations between New Delhi and Washington, Gor reiterated that India has agreed to diversify its energy sourcing. He added that Washington's position is rooted in its broader objective of ending the Russia-Ukraine War.

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