Indian refiners faced a spike in crude costs, paying 74% more for heavy, acidic Venezuelan oil in April versus the previous year.

India's crude oil imports hit a milestone in June, as Russia emerged as the primary supplier, followed closely by the UAE's near-record imports. This shift represents a calculated…

India is on track to import a record volume of Russian crude in June as disruptions to Middle Eastern supplies and favorable economics reinforce Russia’s position as the country’s…

Ample contracted crude supplies and minimal expected price discounts for Iranian crude have Indian buyers skeptical that the US' waiver will unleash a flood of buying.

Indian refiners faced a spike in crude costs, paying 74% more for heavy, acidic Venezuelan oil in April versus the previous year.

Benchmark Brent fell to around $72 a barrel Thursday, down from an average of $99 in first week of June and $109 during the three months till May. Russia has resumed offering…