oil trade

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    India's Oil Supply Chain: Flexibility Amid Middle East Disruptions

    New Delhi, April 4 India said on Saturday that there were no payment issues with Iran for crude imports, and that refiners continue to source oil from the country, as well as from a wide range of global suppliers.In a post on X, the Ministry of Petroleum and Natural Gas dismissed reports that...
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    Reliance Industries Refutes Oil Deal Claims

    New Delhi, March 26 Reliance Industries Limited (RIL) on Thursday denied reports that it had purchased Iranian crude, calling these reports "baseless".Earlier reports claimed that RIL had purchased 5 million barrels of Iranian crude after the US administration temporarily lifted sanctions on...
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    India’s Russian Crude Purchase Eases Supply Chain Tensions

    Oil Prices Slip as US Grants India 30-Day Waiver to Purchase Russian Oil Oil prices declined in early trading on Friday after the United States announced a temporary 30 day waiver allowing Indian refiners to purchase Russian oil currently stranded at sea. The move eased concerns around supply...
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    Oil Prices Rise Amid US-Iran Nuclear Deal Uncertainty

    Oil Prices Rise as US Iran Nuclear Talks Loom Amid Military Buildup in Middle East Global oil prices edged higher as traders weighed the prospects of a potential nuclear agreement between the United States and Iran ahead of scheduled talks on Thursday, even as a large-scale US military...
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