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India buys 30 million barrels of Russian oil after US waiver amid oil concerns

Published on Mar 11, 2026 05:34 IST

Major Indian refiners such as Indian Oil and Reliance Industries have bought 30 million barrels of Russian oil after the US gave "permission" and "allowed" India to do so late last week.

Trump to review options as oil prices cross $100 per barrel amid US-Iran war

The surge in oil prices is likely to hurt US businesses and consumers ahead of the November midterm elections

Published on Mar 9, 2026 17:23 IST

Why are Sensex and Nifty falling today? 5 key reasons behind the market crash

Traders react after fluctuations in stock market, in Kolkata. Both Sensex and Nifty fell sharply on March 9, 2026

Updated on Mar 9, 2026 09:14 IST

Global markets tumble as oil surges amid escalating US-Israel-Iran war

A man stands in front of an electronic quotation board displaying the Nikkei 225 stock prices on the Tokyo Stock Exchange in Tokyo.

Updated on Mar 9, 2026 04:10 IST

Water, not just oil, big target in US-Iran war: Desalination plants face attacks

Updated on Mar 8, 2026 15:36 IST

‘To take a little pressure off’: Trump on India waiver for Russian oil purchase

Noting that there is a lot of oil pressure at the moment, President Donald Trump boasted that the US has a tremendous amount of oil.

Updated on Mar 8, 2026 07:49 IST

US Issues License to Allow Some Russian Oil Sales to India

US treasury secretary Scott Bessent.

Updated on Mar 6, 2026 01:21 IST

AAI denies taking fuel stock as fear looms over ‘closure’ of Strait of Hormuz

Amid the ongoing US-Iran war and airspace restrictions, 36 departures and 44 arrivals were cancelled at Delhi's IGI airport on Tuesday.

Updated on Mar 3, 2026 19:20 IST

India moves to shield import-export as conflict threatens energy and trade route

Around 55% of the country’s energy imports come from the region which is now affected by Iranian strikes. Shipping routes have also been disrupted, with the Strait of Hormuz effectively closed.

Published on Mar 3, 2026 01:21 IST

Iran-Israel war: Ludhiana exporters on edge, brace for rising input costs

A worker stands in front of a furnace at a steel processing production line of a factory in Mandi Gobindgarh in Punjab. (Reuters file)

chandigarh news

Published on Mar 2, 2026 24:58 IST

Gulf equities decline as Kuwait suspends trading amid Iran-US escalation

In a rare move, Boursa Kuwait suspended trade until further notice citing the "exceptional circumstances" the country is facing.

Published on Mar 1, 2026 10:15 IST

India's merchandise imports from Russia drop 40% in January

In September, India's Russian oil imports fell $3.32 bn, nearly 30% drop from April.

Updated on Feb 18, 2026 04:14 IST

India's petroleum reserves can last 74 days in case of global turbulence: Oil Minister Puri

India's petroleum reserves can last 74 days in case of global turbulence: Oil Minister Puri

Published on Feb 9, 2026 13:33 IST

Russia’s crude output shrinks as US raises energy pressure

The nation pumped an average of 9.28 million barrels a day of crude oil last month.

Published on Feb 9, 2026 12:15 IST

Canada’s energy minister arrives in India on Tuesday for trade talks

Parliamentary Secretary of Agriculture Kody Blois, left to right, Minister of International Trade Maninder Sidhu, Minister of Energy and Natural Resources Tim Hodgson, Minister of Industry and Minister Melanie Joly, and Canadian Prime Minister Mark Carney. (AP)

Updated on Jan 27, 2026 08:55 IST

Mexico shelves planned shipment of oil to Cuba amid US tensions

Crude oil prices have been on the rise of late and the Russia’s invasion of Ukraine has further fuelled concerns of supply disruption leading to further spike in prices. (Representational image)

Published on Jan 27, 2026 07:12 IST

Oil rises 3% as US sends 'armada' to Iran, slaps new sanctions

Oil rises 3% as US sends 'armada' to Iran, slaps new sanctions

Published on Jan 23, 2026 18:36 IST

Why Iran’s oil stored at sea has surged to a record high

Iranian crude and condensate stored on tankers, either in transit or as floating storage, climbed to a record 166 million barrels in the week.

Published on Jan 12, 2026 19:12 IST

Mexico becomes crucial fuel supplier to Cuba but pledges no extra shipments

A government supporter holds a Venezuelan flag during a march calling for the release of Venezuela's ousted president Nicolas Maduro, days after he and his wife Cilia Flores were captured following U.S. strikes on Venezuela, in Caracas, Venezuela, January 7, 2026. REUTERS/Gaby Oraa

Published on Jan 7, 2026 19:09 IST

'Money controlled by me': Trump after 30-50 million barrel Venezuela oil deal

US President Donald Trump said he has asked Energy Secretary Chris Wright to execute this plan immediately.

Updated on Jan 7, 2026 04:24 IST

Trump says PM Modi 'not happy' with tariffs despite their ‘good relationship’

President Trump acknowledged Prime Minister Modi's dissatisfaction over U.S. tariffs on Indian goods tied to Russian oil purchases.

Updated on Jan 6, 2026 21:20 IST

Pipeline bursts in Assam; crude oil spills into residential areas

Residents said the OIL emergency team responded promptly. (X)

Published on Jan 6, 2026 08:11 IST

Fire at ONGC well in Andhra’s Konaseema triggers panic, no casualties

Incident at a well operated by ONGC’s production contractor Deep Industries Ltd.

Updated on Jan 5, 2026 16:29 IST

What happens to Venezuela's mega oil wealth now? Trump's plan on slippery turf

A flame burning natural gas is seen at a heavy-crude treatment plant operated by Venezuela's state oil company PDVSA, in the Orinoco belt.

Updated on Jan 4, 2026 22:15 IST

India reacts to US sanctions on Russian oil firms: 'Decisions we take are...'

MEA spokesperson Randhir Jaiswal during a press conference in New Delhi.

Updated on Oct 30, 2025 10:44 IST

In UK's latest sanctions on Russia's oil companies, a message to firms in India

Britain said that it would take all necessary measures to stop Moscow from funding its war in Ukraine.

Updated on Oct 16, 2025 03:40 IST

India asks US to allow Iran or Venezuela oil in order to curb Russia oil imports

India stopped buying Iranian oil in 2019. Its largest private refiner—Reliance Industries—halted purchases of Venezuelan crude this year as the US tightened sanctions.

Updated on Sep 25, 2025 11:50 IST

Want India to open for US crude: Trump's Delhi nominee amid Russian oil pushback

White House Presidential Personnel Office Director Sergio Gor, nominee to be ambassador to India, testify before a Senate Foreign Relations Committee

Updated on Sep 12, 2025 03:00 IST

‘India is a good negotiator, tariff hike temporary’: Israeli economist

Trump also reiterated his belief that tariffs are essential in rebalancing trade.

Published on Sep 8, 2025 18:00 IST

Indian Oil-led refiners seek to fully revive Russia oil imports in US pushback

The US has imposed 50% tariffs on India, alleging that New Delhi's Russian oil imports are fuelling Moscow's Ukraine war.

Updated on Sep 8, 2025 09:35 IST

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