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The Latest Breaking News from Kpler

Europe buying Russian oil via India at record rates in 2023 despite Ukraine war

India is benefiting from importing cut-price Russian oil amid European sanctions – and also selling that same oil to EU markets at full price once it has been refined

The Independent UK

Rising Prices Cap India's Thirst For Russian Oil

Indian purchases of Russian crude in defiance of Western pressure over the Ukraine war have fallen to an 11-month low as the price tag on the discounted oil rises, figures show.

International Business Times

Russian oil cargoes head away from India amid payment issues

A number of vessels hauling crude from Russia that had been idling off India are now headed away from the country eastwards, amid concerns over oil payments to Moscow that spurred a slump in arrivals last month.

The Times of India

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Russian oil supplies continue to spike despite G7 price cap sanctions, data shows

Russia’s oil revenues likely to increase due to constant increases in crude prices, show estimates

The Independent UK

India’s oil imports from Russia plunge to lowest in seven months

NEW DELHI: India’s appetite for cheap Russian oil took a breather in August as monsoon rains dampened demand and refiners scheduled routine maintenance works.

The Times of India

India’s Russian oil buying spree continues even as prices climb

NEW DELHI: Indian buyers, key consumers of cheap Urals crude since the invasion of Ukraine, have no plans to turn away from Moscow even as the discount to global benchmarks narrows, arguing Russian barrels remain among their most affordable options.

The Times of India

Black Sea grain deal uncertainties stall Ukraine shipments

Dozens of ships are unable to reach Ukraine, days after a Black Sea grain deal was extended and the pace of shipments is unlikely to pick up because of slow inspections and other uncertainties, according to data and three sources.

Reuters

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EU to curb Indian fuel imports made with Russian oil: Report

The EU’s foreign policy chief has called for a crackdown of Russian oil into Europe as refined fuel, including diesel.

Al Jazeera

Russian oil exports back above pre-Ukraine war levels as India and China buy 90% of Moscow’s crude

Asian giants are buying 1.5 million barrels a day from Russia – each

The Independent UK

Aging shadow fleet carrying Russian oil poses disaster risk

The oil tanker Turba normally should have been melted down by now.

Tribune News Service

India to make Russia its number one oil supplier in move that could scupper impact of price cap

Exclusive: Analysts tell The Independent that India is now expected to overtake EU as largest importer of Russian crude following European ban

The Independent UK

New bench of traders muscle in to supply Russian oil to India

NEW DELHI: India is set to get more channels to buy cheap Russian oil, with a new wave of smaller, international traders muscling into its vast market by offering barrels shunned by rivals after the invasion of Ukraine.

The Times of India

Sky-high diesel prices squeeze truckers, farmers, consumers

High diesel prices are driving up the cost of everything, from groceries to Amazon orders and furniture

The Independent UK

India, China growing markets for shunned Russian oil

India and other Asian nations are becoming an increasingly vital source of oil revenues for Moscow as the U.S. and other Western countries cut their energy imports from Russia in line with sanctions over its war on Ukraine

The Independent UK

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The Hindu

India is not a conduit for Russian oil sales: Jaishankar

He denies international reports that accuse Indian refiners of profiteering

The Times of India

More Russian oil than ever before is heading for India, China

NEW DELHI: A record volume of Russian oil is on board tankers, with unprecedented amounts heading to India and China as other nations restrict imports because of the war in Ukraine.

Asharq Al-Awsat

More Russian Oil Going East Squeezes Iranian Crude Sales to China

Iran's crude exports to China have fallen sharply since the start of the Ukraine war as Beijing favored heavily discounted Russian barrels, leaving almost 40 million barrels of Iranian oil stored on tankers at sea in Asia and seeking buyers. US and European sanctions imposed over Moscow's invasion of Ukraine…

The Guardian - US

Why are gas prices so high? These obscure traders are partly to blame

‘Nobody with power is looking at what they’re doing,’ but they’re helping to drive searing gas prices despite increased oil production

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