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Nidhi Verma

FILE PHOTO: A crude oil tanker sails in Nakhodka Bay near the port city of Nakhodka, Russia, December 4, 2022. REUTERS/Tatiana Meel//File Photo
BusinessNewsOilPoliticsTrade

India says sanctioned Russian oil tankers can discharge before Feb 27

By Nidhi Verma NEW DELHI (Reuters) – The United States has clarified to India that tankers loaded with Russian oil have to discharge...

By Nidhi Verma24 Jan 2025Reuters
FILE PHOTO: Plastic letters arranged to read "Sanctions" are placed in front of Russian flag colors in this illustration taken February 25, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessNewsOilPoliticsTrade

Middlemen have halted Russian oil cargo offers after US sanctions, Indian refiner says

By Nidhi Verma NEW DELHI (Reuters) – Middlemen supplying Russian oil are not offering cargoes due to new U.S. sanctions targeting Russian producers,...

By Nidhi Verma22 Jan 2025Reuters
Ligovsky Prospect, Tutunciftlik, Izmit, Turkey, December 15, 2019. REUTERS/Yoruk Isik
BusinessEconomyNewsOilPoliticsTrade

Tougher U.S. sanctions to curb Russian oil supply to China and India

US sanctions on Russian oil force China and India to seek Middle Eastern, African supplies, spiking prices and freight costs.

By Nidhi Verma, Chen Aizhu, Siyi Liu and Florence Tan12 Jan 2025Reuters
FILE PHOTO: A view shows fuel tanks at a facility of Rosneft energy company outside the town of Neftegorsk in the Samara Region, Russia September 1, 2023. REUTERS/Alexander Manzyuk/File Photo
FuelNewsOilPoliticsTrade

Rosneft, Reliance agree biggest ever India-Russia oil supply deal, sources say

India has no sanctions on Russian oil, so refiners there have cashed in on the cheaper crude supply.

By Nidhi Verma12 Dec 2024Reuters
Indian Oil Corp Ltd logo is seen displayed in this illustration taken, April 10, 2023. REUTERS/Dado Ruvic/Illustration/ File Photo
BusinessEconomyNewsOilRegulationsTrade

Trader Vitol sells Venezuelan oil to Indian refiners, sources say

Indian refiners buy two million barrels of Venezuelan crude for November delivery, resuming imports amid U.S. sanctions relief.

By Nidhi Verma and Marianna Parraga8 Oct 2024Reuters
FILE PHOTO: The logo of Reliance Industries is pictured in a stall at the Vibrant Gujarat Global Trade Show at Gandhinagar, India, January 17, 2019. REUTERS/Amit Dave/File Photo
BusinessFuelLiquefied Petroleum GasNewsOilTrade

India’s Reliance in crude-for-naphtha swap deal with Venezuela: sources

Reliance Industries plans to use naphtha as partial payment for Venezuelan crude, resuming trade after U.S. approval.

By Nidhi Verma and Arathy Somasekhar8 Aug 2024Reuters
Russia's President Vladimir Putin shakes hands with India's Prime Minister Narendra Modi during a meeting at the Kremlin in Moscow, Russia July 9, 2024. Sputnik/Sergey Bobylev/Kremlin via REUTERS
BusinessElectricityFuelNewsNuclear PowerOilPoliticsTrade

India eyes energy deals with Rosneft and other Russian companies

Energy cooperation includes areas such as nuclear energy, oil refining and petrochemicals, partnerships in energy infrastructure, technologies and equipment.

By Nidhi Verma and Krishn Kaushik9 Jul 2024Reuters

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FILE PHOTO: Oil pumpjacks and tanks are pictured in a farmer's field near Kindersley, Saskatchewan, Canada September 5, 2024. REUTERS/Todd Korol/File Photo

US oil imports from Canada hit record ahead of tariff threat, EIA data shows

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