AsianOil - Asia Oil & Gas
Indian refiners are considering buying more Brazilian crude, but few large-scale term supply deals are likely.
Japan’s NYK has ordered six new 170,000 cubic metre gas carriers from CSSC Hudong-Zhonghua Shipbuilding for charter to CNOOC, as China continues to raise its LNG export capabilities.
India is reportedly putting pressure on Russia to lower the price of its crude oil to make up for the extra challenges that buyers have encountered in the wake of the invasion of Ukraine in late February.
Indian refiners are reportedly in talks over a six-month deal to import oil from Russia, while separate reports suggest the two sides are exploring alternative payment mechanisms.
India appears to be increasingly turning to Russia to procure oil, even as other countries step up sanctions against Moscow.