Source link A number of tankers with Sokol grade oil have reportedly been stranded off the coast of India due to Western sanctions Chinese refiners have been snapping up cargoes of Russia’s Far East Sokol grade oil that have been stranded off the coast of India due to Western sanctions and thus undeliverable, Bloomberg has […]
Source link New Delhi is planning to increase fuel production by over 20% in the next five years India is poised to significantly increase its crude refining capacity in an effort to accommodate its growing demand for fuel, Bloomberg reported on Wednesday. The world’s third-largest crude oil importer, India, seeks to raise production of transport […]
Source link Around 33% of all seaborne oil exports from the sanctioned country have been transported on tankers with British insurance, a report has found The UK has insured around a third of all Russian seaborne oil shipments since the start of the Ukraine conflict despite sanctions, according to a report by the Centre for […]
Source link Several ships loaded with Russian crude oil ordered by India were unable to deliver their cargo and are now heading away from the destination country, Bloomberg reported on Tuesday, citing vessel-tracking data. The deliveries to India have reportedly been hampered by payment issues stemming from Western sanctions. The US treasury pledged last month […]
Source link The country’s refineries have reportedly processed over 5 million barrels a day Russia’s oil processing has been on the rise, jumping in the past week close to the highest daily refining runs in more than eight months, Bloomberg reported on Monday, citing sources. According to a person familiar with the matter, the country’s […]
Source link The repeated release of crude oil from the US Strategic Petroleum Reserve (SPR) by the Biden administration has left the national stockpile at its lowest in more than 30 years, according to US Oil and Gas Association President Tim Stewart. In an interview with Fox News on Sunday about the Biden administration’s approach […]