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(The Center Square) - Indian conglomerate Reliance Industries said Friday it will adjust its refining operations to abide with U.S. and European sanctions on purchases of Russian crude oil. Reliance, India's largest oil importer, said in a statement posted on X that it is assessing the impact of restrictions announced in recent days by the European Union, United Kingdom and United States. The company said it will fully comply with applicable regulations while maintaining relationships with supp ...Read More >
NEW DELHI -- Indian oil refiners can shift away from Russian crude after United States President Donald Trump imposed sanctions on Moscow's two largest oil companies, but the move will come at a cost, analysts said on Friday. Trump has claimed that Indian Prime Minister Narendra Modi has agreed to cut its Russian oil imports as part of a prospective US trade deal -- something New Delhi has not confirmed. Relations between the two countries plummeted in August after Trump raised tariffs on Indi ...Read More >
Mumbai (Maharashtra) [India], October 24 (ANI): Reliance Industries said on Friday that it is assessing the implications, including the new compliance requirements, of the recent restrictions announced by the European Union, United Kingdom and the United States on crude oil imports from Russia and export of refined products to Europe and will comply with the EU's guidelines on the import of refined products into Europe. A Reliance Spokesperson said in a statement that whenever there is any guid ...Read More >
New Delhi: Indian refiners are likely to ramp up crude oil purchases from the Middle East, Latin America and the US to compensate for reduced imports from Russia, following Washington's sanctions on two major Russian producers, sources and analysts said. The US government, on October 22, imposed sanctions on Russia's two largest crude oil producers, Rosneft and Lukoil, barring all American entities and individuals from conducting business with them. Non-US firms could also face penalties if fou ...Read More >
Patna, Oct 24 (SocialNews.XYZ) Prime Minister Narendra Modi, stepping up an attack on the Mahagathbandhan at the Begusarai rally, made an emphatic appeal to the youth, urging them to cast their vote cautiously this time, for building a prosperous and Viksit Bihar. Prior to Begusarai address, PM Modi, during his visit to Jannayak Karpoori Thakur's birthplace, lambasted the RJD-Congress over jungle raj, holding them responsible for pushing the state into darkness. PM Modi mocked the cracks and i ...Read More >
NEW DELHI: Indian oil refiners can shift away from Russian crude after US President Donald Trump imposed sanctions on Moscow's two largest oil companies - but the move will come at a cost, analysts said Friday. Trump has claimed that Indian Prime Minister Narendra Modi has agreed to cut its Russian oil imports as part of a prospective US trade deal - something New Delhi has not confirmed. Relations between the countries plummeted in August after Trump raised tariffs on Indian exports to the US ...Read More >
Reuters: Indian refineries are ready to significantly reduce purchases of raw materials from Russia. Reliance Industries, India's largest private buyer of Russian oil, will be forced to reduce or stop imports in order to meet government requirements. The country may change its oil strategy in the face of global pressure, the agency said. After the conflict began in 2022, India became the largest buyer of discounted Russian oil, importing up to 1.7 million barrels per day. The decision to reduc ...Read More >
New Delhi: Reliance Industries Ltd, India's largest buyer of discounted Russian oil, plans to scale back imports following fresh US sanctions on Moscow-linked firms, dealing a significant blow to billionaire Mukesh Ambani's conglomerate. State-run refiners, however, may continue purchases through intermediary traders for now, industry officials said. Reliance, which operates the world's largest single-site oil refining complex at Jamnagar in Gujarat, purchased about half of the 1.7-1.8 million ...Read More >
NEW DELHI: Indian refiners are poised to sharply curtail imports of Russian oil to comply with new U.S. sanctions on two top Russian producers, industry sources said on Thursday, potentially removing a major hurdle to a trade deal with the United States. The change comes as India faces punishing 50% tariffs on its exports to the U.S. - with half of those duties in retaliation for Russian oil purchases - and negotiates a potential trade deal that could bring those tariffs in line with Asian peer ...Read More >
New Delhi, Oct 23 (PTI) Billionaire Mukesh Ambani's Reliance Industries Ltd, India's biggest buyer of discounted Russian oil, plans to scale back imports of Russian crude oil following fresh US sanctions on Moscow-linked firms, sources said. State-run refiners, however, may continue purchases through intermediary traders for now, industry officials said. Reliance, which operates the world's largest single-site oil refining complex at Jamnagar in Gujarat, purchased about half of the 1.7-1.8 mil ...Read More >
New Delhi, Oct 23 (PTI) US sanctions against two of Russia's largest oil companies are expected to impact Reliance Industries' crude imports from Russia, while state-run refiners may continue purchases through intermediary traders for now. Industry sources said public-sector units are assessing compliance risks but are unlikely to halt Russian crude flows immediately as they buy almost all of their needs from traders, mostly European (who are out of the sanctions net). Billionaire Mukesh Amban ...Read More >
New Delhi [India], October 23 (ANI): India's average crude import cost has increased sharply versus the Dubai benchmark, in FY2026 so far, even as the share of Russian crude in the country's oil basket has declined, said Kotak Institutional Equities in its latest report. The brokerage noted that with alternate crudes likely to be more expensive, premiums could also remain elevated and impact GRMs for refiners. Also Read | India Women vs New Zealand Women Free Live Streaming Online of ICC Women ...Read More >
President Trump stated he discussed trade and energy with Indian Prime Minister Modi, who assured him India would limit oil purchases from Russia. This comes as Trump pressures Moscow to end the Ukraine war, with India being a major buyer of Russian crude. United States President Donald Trump said he held talks with Prime Minister Narendra Modi on Tuesday, with their conversation focused largely on trade. "Let me extend our warmest wishes to the people of India. I just spoke to your Prime Mini ...Read More >
Vijayawada: Education, IT and Electronics minister Nara Lokesh, on the fourth day of his tour in Australia, held a series of high-level meetings for arriving at or elevating AP's partnership with Australia in education, trade, aquaculture, and sports infrastructure. During a meeting with Griffith University vice president (Global) Marnie Watson at the Gold Coast campus, Lokesh urged the establishment of a Griffith University India Centre in Andhra Pradesh to coordinate research, student exchang ...Read More >
NEW DELHI: Growth in the key core sector slowed to a three-month low in Sept, dragged down by a contraction in output in four of the eight segments. Data released by the commerce and industry ministry on Tuesday showed the eight core sectors -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity rose an annual 3% in Sept, slower than the 6.5% in Aug but a tad higher than 2.4% in Sept last year. Growth in April-Sept was at 2.9%, slower than the 4.3% recorde ...Read More >
New Delhi: India and the US are closing in on a long-pending trade deal that could slash the current tariffs for Indian exports to 15-16% from a punishing 50%, according to three people aware of the matter. With energy and agriculture emerging as key cards at the negotiating table, India may agree to gradually reduce its imports of Russian oil, the people cited above said on condition of anonymity. The purchases had prompted a punitive levy of 25% on Indian exports, which is over and above the ...Read More >
New Delhi, Oct 21 (PTI) India's eight key infrastructure sectors' output stood at 3 per cent in September, slower than the 6.5 per cent expansion recorded in August, according to official data released on Tuesday. The core sectors' output growth was 2.4 per cent in September last year. In September this year, these eight sectors recorded the lowest growth in the last three months due to a fall in the output of coal, crude oil, refinery products and natural gas. The growth rate in the producti ...Read More >
Russian Deputy Foreign Minister Andrey Rudenko said Russian oil shipments to India are continuing, state news agency TASS reported. "Everything continues," he told reporters when asked about ongoing supplies. Russian Deputy Foreign Minister Andrey Rudenko said that Russian oil companies continue to ship oil to India, Russian state news agency TASS reported on Monday. "Everything continues," he said when asked whether Russian oil supplies to India continue. In October, the Press Trust of India ...Read More >
According to company executives, significant progress has also been made on Reliance's 40 GWh battery-storage project, with the first facility expected to become operational next year. Reliance Industries Ltd. (RIL) will commission its solar cell manufacturing unit next month, marking a key milestone in the conglomerate's plan to build India's first fully integrated solar manufacturing value chain. The group is creating a new-energy ecosystem that spans the entire chain -- from solar modules a ...Read More >
LONDON, Oct 20 (Reuters) - Donald Trump is putting more pressure on India to slash its Russian oil purchases. This could deprive Moscow of vital revenue, but it will mostly just push more Russian oil into an increasingly large shadow market. The U.S. president said on Wednesday that Indian Prime Minister Narendra Modi has pledged to stop buying oil from Russia, an agreement India has yet to confirm. India has become a major trade buyer of Russian oil since Moscow's invasion of Ukraine in 2022. ...Read More >
India is preparing to unveil comprehensive regulations for deepfake technologies, utilizing state-of-the-art tools for effective governance. Simultaneously, the nation is boosting its AI frontier by promoting locally created chipsets and attracting substantial funding from tech behemoths like Google, as it seeks to strike a balance between technological progress and the protection of society. The government is going to bring a regulation on deepfakes soon that will take help of technology for e ...Read More >
ABOARD AIR FORCE ONE (Reuters) -U.S. President Donald Trump reiterated on Sunday that Indian Prime Minister Narendra Modi told him India will stop buying Russian oil, while warning that New Delhi would continue paying "massive" tariffs if it did not do so. "I spoke with Prime Minister Modi of India, and he said he's not going to be doing the Russian oil thing," Trump told reporters aboard Air Force One. Asked about India's assertion that it was not aware of any conversation between Modi and Tr ...Read More >
New Delhi, Oct 20 (SocialNews.XYZ) India and the US have made some headway in their trade talks to resolve the tariff issue, even as New Delhi has said that it will not rush into an agreement. India's trade delegation, led by Commerce Secretary Rajesh Agrawal, is reported to have held constructive meetings with US officials in Washington last week, a senior official said. While the US under the Trump administration hardened its stand on Russian oil purchases by India, New Delhi has assured Was ...Read More >
Oil markets are trying to make sense of claims from Donald Trump about whether India and China will continue to purchase Russian oil, offering the latest example of how the president is willing to intertwine energy, trade, and geopolitics. This past week has seen Trump repeatedly claim that India is soon set to buy "no oil" from Russia, which, earlier in the week, Indian officials declined to confirm. Trump was unbowed, saying Friday at the White House, "They've already de-escalated." Equally ...Read More >
US President Donald Trump on Sunday (local time) reiterated his claim that he had spoken to Prime Minister Narendra Modi, who told him India would cease buying Russian oil. Speaking to reporters aboard Air Force One, Trump warned that India would continue to face "massive" tariffs if it did not comply. This marks the third time the US President has repeated his claim, first made on October 15, regarding India halting Russian oil purchases and him speaking to PM Modi. "I spoke with Prime Minist ...Read More >
By Jarrett Renshaw and Nidhi Verma WASHINGTON/NEW DELHI (Reuters) -India has halved its purchases of Russian oil, a White House official said, but Indian sources said no immediate reduction had been seen, as President Donald Trump's administration presses New Delhi and other nations to buy less Russian crude. Russian oil is a main irritant for Trump in prolonged trade talks with India - half of his 50% tariffs on Indian goods are in retaliation for those purchases. His administration says Mosc ...Read More >
BPCL Unveils 'Zero Ka Dum' Certification Drive, Setting New Benchmarks in Operational Excellence Sanjay Khanna, C & MD and Director (Refineries), BPCL 5 min read Last Updated : Oct 18 2025 | 7:20 PM IST NewsVoir Mumbai (Maharashtra) [India], October 18: Bharat Petroleum Corporation Limited (BPCL), a Fortune Global 500 company and one of India's leading integrated energy enterprises, has achieved a significant milestone in its LPG business with the nationwide expansion of the 'Zero Ka Dum' (Z ...Read More >
Kedia Advisory - Crude oil yesterday settled lower by 1.68% at 5,145 as investors reacted to concerns over a potential supply surplus and renewed trade tensions between the U.S. and China. The International Energy Agency (IEA) forecasted that the global oil market could face a surplus of up to 4 million barrels per day in 2026, significantly higher than earlier estimates, amid rising output from OPEC+ and sluggish demand growth. The ongoing U.S.-China trade dispute, with both nations imposing ne ...Read More >
Mumbai, Oct 17 (PTI) Reliance Industries Ltd (RIL) on Friday reported a 9.6 per cent year-on-year rise in net profit for the September quarter, driven by strong performance in its consumer-facing retail and telecom businesses and a recovery in its core oil-to-chemicals segment. However, higher inventory losses weighed on overall earnings, leading to a sequential decline compared to the previous quarter. The oil-to-retail conglomerate posted a consolidated net profit of Rs 18,165 crore in July- ...Read More >
New Delhi: India's crude oil imports from Russia strengthened in the first half of October, reversing a three-month slide in arrivals seen during July-September as refineries were back on full stream to meet festive demand, according to ship tracking data. Imports from Russia slid from over 2 million barrels per day in June to 1.6 million bpd in September. However, tanker-tracking data for early October suggest a rebound: shipments of Urals and other Russian grades to India have picked up pace ...Read More >
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