Lakshmi Mittal’s JV HPCL-Mittal Energy stops buying Russian crude amid US sanctions| Business News

HPCL-Mittal Energy Ltd., a joint venture of Lakshmi Mittal’s Mittal Energy and Hindustan Petroleum Corp. Ltd., has stopped buying Russian crude oil. The ships used for the cargo weren’t under sanctions either. Russia currently supplies nearly a third of India’s crude imports, averaging around 1.7 million barrels per day in 2025, of which approximately 1.2 […]

Reliance Industries says will abide by Europe, US sanctions on Russia| Business News

Reliance Industries, India’s biggest importer of Russian crude oil, will abide by western sanctions against Moscow, while maintaining its relationship with its current supplies. Reliance Industries, which operates the world’s largest refinery in Jamnagar, Gujarat, has a long-term deal to buy nearly 500,000 barrels per day of crude oil from Rosneft. (Reuters) “As is customary […]

India set to curtail Russian oil imports after new US sanctions on Rosneft, Lukoil: Report| Business News

India is set to curtail its Russian oil imports to comply with new US sanctions on two top Moscow-backed producers, Reuters reported on Thursday citing sources. That potentially removes a major hurdle to the India-US trade deal that’s been in the works for months. India imported 1.7 million barrels per day of Russian crude in […]