Over 10 million barrels bought! Indian refiners buy Russian crude to counter Middle East oil supply shock; US gives 30-day waiver

Indian refiners are currently paying a premium of $2 to $4 per barrel above Dated Brent for deliveries of Russia’s benchmark Urals crude. (AI image) In a quick and immediate fix to the Middle East oil supply shock, Indian refiners have begun purchasing readily available Russian crude oil. With ships and tankers currently not moving…

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Energy push: Oil India Limited begins deep offshore drilling in Kerala-Konkan basin; Hardeep Puri hails ‘inspirational stride’

File photo (Picture credit: PTI) Oil India Limited (OIL) launched a landmark offshore drilling campaign in the Kerala-Konkan basin by spudding its first deepwater well, Union petroleum and natural gas minister Hardeep Puri announced on Saturday.He described the development as an “inspirational stride” in India’s energy journey aligned with Prime Minister Narendra Modi’s vision.The frontier…

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