Rakesh Sharma

1 week ago | financialpost.com | Rakesh Sharma

Advertisement 1India is preparing to source crude oil from outside the Persian Gulf and cut its own refined-product exports should the Strait of Hormuz be blocked to ship traffic, Oil Minister Hardeep Puri said Thursday. Article content(Bloomberg) — India is preparing to source crude oil from outside the Persian Gulf and cut its own refined-product exports should the Strait of Hormuz be blocked to ship traffic, Oil Minister Hardeep Puri said Thursday.

1 week ago | bloomberg.com | Rakesh Sharma

An Iranian oil tanker prepares to transport crude oil from Kharg Island to India. (Bloomberg) -- India is preparing to source crude oil from outside the Persian Gulf and cut its own refined-product exports should the Strait of Hormuz be blocked to ship traffic, Oil Minister Hardeep Puri said Thursday. About a quarter of the world’s oil trade passes through the key waterway, which links the Gulf to the Indian Ocean.

2 weeks ago | bloomberg.com | Rakesh Sharma |Weilun Soon

(Bloomberg) -- India’s state-run refiners are planning to order 10 domestically-built vessels to transport fuels around the country as the government pushes ahead with its ambition to expand the shipbuilding industry. Indian Oil Corp., Bharat Petroleum Corp. and Hindustan Petroleum Corp. plan to jointly issue a tender later this year for the medium-range tankers, according to people familiar with the matter who asked not to be identified because the information isn’t yet public.

1 month ago | bloomberglinea.com | Weilun Soon |Rakesh Sharma |Andrey Rudakov

Bloomberg — Han aparecido petroleros sancionados por EE.UU. en la compleja cadena de suministro marítimo que transporta petróleo ruso a la India, lo que plantea interrogantes sobre la postura de la nación asiática hacia los flujos justo cuando las importaciones alcanzan un récord. La semana pasada, cerca de 1 millón de barriles de crudo Sokol del Lejano Oriente ruso fueron entregados a una refinería india.

1 month ago | bloomberg.com | Weilun Soon |Rakesh Sharma

Viktor Titov, a US-sanctioned tanker (marked in white) recently transfered its Russian crude cargo to Night Glory (blue), which then moved those barrels to Cordelia Moon (orange). This third tanker then delivered them to India last week. (Bloomberg) -- US-sanctioned tankers have emerged in the complex maritime supply chain that ferries Russian oil to India, raising questions about the Asian nation’s stance toward the flows just as imports hit a record.