India's crude oil imports from Russia plunged in December to their lowest since January 2023 due to payment issues and tightening sanctions. Six tankers carrying Sokol grade oil could not deliver. Russian oil cargoes that had been idling off India are now headed away from the country amid concerns over oil payments. Russia's Rosneft’s unit has been unable to open a bank account in the UAE to accept dirhams as payment from India. Indian refiners reduced oil imports from Russia as discounts on cargoes weren’t attractive, according to Oil Minister Hardeep Singh Puri, who dismissed the notion flows dropped because of payment-related challenges. India's crude oil imports from Russia in November were the costliest in a year, reflecting lowering discounts on the fuel. India paid an average of $85.42 per barrel for Russian oil in November, the highest since the Group of Seven (G7) advanced economies imposed a price cap of $60 per barrel to cut Moscow's revenue. Over the past month, a total of 14 tankers either stopped, turned around, or disabled their tracking systems while transporting oil to or from India.
🛢#Russia is facing challenges in oil exports after U.S. sanctions, Bloomberg reported. Over the past month, a total of 14 tankers either stopped, turned around, or disabled their tracking systems while transporting oil to or from #India. 📷: AFP https://t.co/36EYYQWrUc
🇷🇺🇮🇳🛢️ RUSSIAN NOVEMBER OIL PRICE FOR INDIA HIT 12-MTH HIGH (Reuters) India paid an average of $85.42 per barrel for Russian oil in November, the highest since the Group of Seven (G7) advanced economies imposed a price cap of $60 per barrel to cut Moscow's revenue, preliminary… https://t.co/vXbzNwlEkk
India’s crude oil imports from Russia in November were the costliest in a year, government data show, reflecting lowering discounts on the fuel https://t.co/CHL1trlQuh
A lesson in headlines. Kommersant says, “Indian Cabinet of Ministers Reports Falling Oil Imports From Russia Due to Prices,” while Interfax accents the positive: “India Announces No Problems With Payments for Russian Oil” (the problem is just the price, you see). https://t.co/MguCscCS2X
#Indian refiners reduced oil imports from #Russia as discounts on cargoes weren’t attractive, according to Oil Minister #HardeepSinghPuri, who dismissed the notion flows dropped because of payment-related challenges. https://t.co/I2GWpf35fy
Indian refiners reduced oil imports from Russia as discounts on cargoes weren’t attractive, according to Oil Minister Hardeep Singh Puri, who dismissed the notion flows dropped because of payment-related challenges https://t.co/smei4YIBxO
You think your problems are big? Russia's Rosneft’s unit has been unable to open a bank account in the UAE to accept dirhams as payment from India. So India's oil imports from Russia are lowest in a year in Dec. Explainer by @ditipujara. https://t.co/haMuaevRre
Russian oil cargoes head away from India amid payment issues https://t.co/MvFM5WGsiJ
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. Five…
#India’s #oil imports from #Russia plunge in December to their lowest since January 2023, as six tankers carrying Sokol grade oil could not deliver due to payment issues amid tightening sanctions, according to data firm Kpler. https://t.co/8VeuCGIJ4K
India’s crude oil imports from its largest supplier Russia plunged in December to their lowest since January 2023, as six tankers carrying Sokol grade oil could not deliver due to payment issues amid tightening sanctions https://t.co/6yBGwkTj4A