Tag: Russian oil imports

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Posted in Economy

‘Relieve the tariff,’ US senator says Indian envoy asked him to convey to Trump amid oil squeeze

New York/Washington: US Senator Lindsey Graham has claimed that Indian Ambassador to the US Vinay Kwatra informed him about New Delhi reducing its purchases of…

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An Indian Oil fuel station in Bengaluru. The state-run refiner has an optional contract to buy about 12 million barrels from Colombia's Ecopetrol. (Bloomberg)
Posted in Business

Indian Oil said to buy first Colombian crude in wean-away from Russian oil imports| Business News

Indian Oil Corp. Ltd. purchased its first Colombian oil under an optional supply deal with state oil company Ecopetrol, two people familiar with the matter…

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Reliance Industries has resumed Russian oil imports from non-sanctioned suppliers and routing them to its Jamnagar refinery. (Reuters)
Posted in Business

Reliance Industries resumes Russian oil imports to feed Jamnagar refinery| Business News

Reliance Industries Ltd. has resumed Russian oil imports, sourcing barrels from non-sanctioned suppliers and routing them to its Jamnagar refinery in Gujarat, according to people…

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Russia oil
Posted in Economy

India to tighten Moscow oil tap after US sanctions

New Delhi: Indian refiners are preparing to sharply cut Russian oil imports and seek alternatives after the US imposed sanctions on the latter’s top oil…

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Posted in Economy

Russian oil a roadblock? India likely edges closer to trade deal with US amid tariff talks

India is closing gaps with the United States on long-pending trade issues, with negotiators from both sides reporting “positive” developments, according to a Bloomberg report…

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Posted in Economy

Lower GST will boost India’s economy higher, says FM Nirmala Sitharaman

The new dual-slab goods and services tax (GST) structure adopts a next-generation approach to dealing with indirect taxation and will boost the economy significantly, Union…

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