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G7 Russian Oil Price Cap

03 Dec 2022

G7, Allied countries agree to put PRICE CAP on Russian oil; Details Inside

G7 group of nations and its allied have officially approved a $60 per barrel price cap on Russian oil prices. It will come into effect from December 5. The price cap approval comes just days before an EU-wide ban on Russian crude oil imported by sea comes into force

crude oil import

18 Aug 2022

Crude oil import from Saudi rise after attractive prices, plunge from Russia

India's crude oil imports from Russia fell for first time in July since March. India refiners purchased more supplies from Saudi Arabia because of attractive prices. India is the world's third biggest oil importer and consumer.

24 Sep 2018

India may cut oil imports to mitigate pain from high oil prices, dip in rupee

State refiners are looking at optimising crude oil inventory levels without in any way affecting fuel supplies in the domestic market.

India fuel demand

14 Sep 2018

India's fuel demand rose 0.8% YoY in August

Sales of gasoline, or petrol, were 7.8 percent higher from a year earlier at 2.36 million tonnes.

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