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India’s oil imports from Russia surge to 10-month high on strong demand for light crude

Times of India LogoTimes of India8h ago

India’s oil imports from Russia surge to 10-month high on strong demand for light crude - Times of India

Quick Summary:

India's Russian crude oil imports are surging, projected to hit a 10-month high in May, driven by increased demand for lighter grades like ESPO Blend.

This surge, fueled by refinery shutdowns and favorable margins, occurs ahead of new EU and UK sanctions.

Consequently, ESPO premiums for China have risen as more barrels are diverted to India.

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India’s oil imports from Russia surge to 10-month high on strong demand for light crude - Times of India (Picture 1)

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Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-21 @ 23:07:50 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 794 words

Reading Time: 5 minutes read

Sentences: 25 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 28891293

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About Times of India

Times of India Logo

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 45 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #28

Publisher Details

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The story "India’s oil imports from Russia surge to 10-month high on strong demand for light crude" was covered 8 hours ago by Times of India, a news publisher based in India.

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  • News ID: #28891293
  • URL: https://nieruchomosci.beamstart.com/news/indias-oil-imports-from-russia-17478416349762

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