US EditionU.S. Waiver Fuels Surge in India's Russian Crude Imports
Indian refiners bought nearly 30 million barrels of discounted Russian crude after a U.S. waiver, diverting at least seven tankers mid-voyage from China to India, data shows.
- Following a temporary U.S. waiver, India reportedly secured nearly 30 million barrels of crude in the week after Washington's concession.
- Because shipping routes became volatile, the conflict involving the US, Israel and Iran prompted New Delhi to act quickly, indicating supply disruptions and geopolitical risk.
- Vessel-Tracking shows at least seven Russian-origin tankers diverted mid-voyage to India, with the Aframax tanker Aqua Titan expected at New Mangalore on March 21 after leaving Rizhao, China.
- India's mix of price advantage and space to buy has allowed New Delhi to bolster crude reserves and protect domestic supply chains amid recent weeks' market shifts.
- Tracking shows Asia's crude flows are reshuffling as Russian tankers diverted mid-voyage to India in recent weeks, indicating a regional supply shift, Bloomberg vessel-tracking reports.
17 Articles
17 Articles
Russian oil tanker bound for China diverts to India's New Mangalore Port
A Russian oil tanker, Aqua Titan, originally bound for China, has diverted course in the South China Sea and is now headed to India's New Mangalore port, set to arrive on March 21st. The vessel is carrying Urals grade crude oil loaded from a Baltic Sea port in late January. According to ship tracking data, the tanker initially signaled the Chinese port of Rizhao as its destination before changing course in mid-March. The diversion comes days aft…
Russian oil tankers bound for China divert to India amid West Asia war turmoil, claims report
A major reshuffle in Asia's crude oil flows is underway as Russian tankers that were originally bound for China are now diverting mid-voyage towards India. Fresh vessel-tracking data reported by Bloomberg shows several such diversions in recent weeks, signalling how India has stepped up purchases of discounted Russian oil at a time of global supply disruptions caused by the conflict in the Middle East. One of the most prominent diversions is tha…
Times of India
NDTV ProfitRussian oil bound for China is diverted as India grabs more
A Russian oil tanker, Aqua Titan, has diverted from China to India mid-voyage and is set to reach New Mangalore on March 21, reflecting New Delhis push to increase crude imports from Moscow after US approval. India bought about 30 million barrels of Russian oil within a week of the move to offset supply disruptions from the Iran conflict.
U.S. Waiver Fuels Surge in India's Russian Crude Imports
India is winning the competition with China to attract Russian crude cargoes with vessels turning mid-voyage away from their previous Chinese destinations and heading for India, as the U.S. waiver on purchases of Russian crude on tankers and the Middle East supply shock drive Indian refiners back to buying Russia’s oil. The Aqua Titan crude oil tanker – which left Russia’s Baltic Sea port of Primorsk in mid-January and was signaling Rizhao in C…
Seven Russian tankers bound for China, loaded with nearly 10 million barrels of crude oil, have changed their route and headed for India, according to monitoring by Vortex, a company that tracks ship traffic. This is a response to the United States' decision to temporarily allow Delhi to purchase sanctioned Russian oil.
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