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    Oil Import News

    How energy, defence shape India-Russia ties as Modi prepares to meet Putin

    Prime Minister Narendra Modi receives Russian President Vladimir Putin for a meeting at Hyderabad House in New Delhi, Dec 2025.
    India News
    Published 3 days ago

    Sanction-proofing India’s interests and autonomy

    Sanctions can serve legitimate security purposes. But India should challenge coercion that travels far beyond the country imposing it. (Photo for representation)
    Opinion
    Published 25 days ago

    ₹84k-cr push for offshore oil wells gets cabinet nod

    “Samudra Manthan” — a reference to the churning of the ocean in India’s ancient epics.
    India News
    Updated 44 days ago

    E20 fuel earns praise from PM Modi amid West Asia war. Here's how he drew a link

    "A decade ago, India had a capacity of only 1% ethanol blending. Today, we are close to achieving 20%... Due to this, in the last year, we have had to import about 4.5 crore barrels less oil,” PM Modi told Parliament in a speech on Monday.
    India News
    Updated 175 days ago

    Why US sanctioned Indian nationals, firms: 'Dismantling key elements of...'

    US Treasury Secretary Scott Bessent said the move was aimed to disrupt Iran's ability to fund terrorist groups
    India News
    Updated 339 days ago

    5 big takeaways from Trump-Putin talks for India, other Russian oil buyers

    US President Donald Trump (C) and Russian President Vladimir Putin (L) speak after delivering a joint press conference following a US-Russia summit on Ukraine at Joint Base Elmendorf-Richardson in Anchorage, Alaska, on August 15, 2025.
    World News
    Updated 393 days ago

    India to maintain Russian oil imports despite Trump statements: Report

    US President Donald Trump
    India News
    Updated 407 days ago

    After ‘massive reserves’ oil trade deal, Trump slaps 19% tariffs on Pakistan

    Pakistan had previously been subject to a steep 29% US tariff.
    World News
    Updated 409 days ago

    Pakistan set to receive first-ever oil shipment from US: What it means

    Oil is Pakistan's biggest import item, and its shipments were valued at $11.3 billion in the year ending June 30, 2025,
    World News
    Updated 409 days ago

    India's state refiners halt Russian oil purchases: Report

    Over the past month, India, along with China and Brazil, has been at the centre of criticism from the West, mainly the US, for its purchase of Russian oil.
    India News
    Updated 409 days ago

    Amid Israel-Iran tensions, why is Strait of Hormuz important for crude buyers?

    Around one-fifth of the world's total oil consumption passes through the Strait of Hormuz.
    World News
    Updated 457 days ago

    India to give $647 million to support strategic reserve oil purchases in 2025-26

    Silos at an oil refinery operated by Bharat Petroleum Corp. Ltd., in Mumbai, India, on Tuesday, April 4, 2023. A surprise cut in oil production from OPEC+ is now setting the stage for other producers to vie for markets in Asia.
    Business
    Published 590 days ago

    Singapore's jet fuel imports surge to multi-year highs, India leads supply

    Singapore's imports of jet fuel likely reached multi-year highs in December of last year, with India serving as the main supplier while the arbitrage to Europe remained closed.
    World News
    Published 619 days ago

    India hikes edible palm, soyabean, sunflower oil import tax to support farmers

    New Delhi on Friday imposed a 20% basic customs duty on crude palm oil, crude soyoil and crude sunflower oil from Sept. 14, the notification said. (Representational image/Unsplash)
    Business
    Published 730 days ago

    India's Russian oil imports highest ever in Feb at 1.6 million barrels a day

    Refiners continue to snap up plentiful Russian cargoes available at a discount to other grades.
    Business
    Published 1289 days ago

    India can buy as much Russian oil as it wants, outside price cap, says US

    India is now Russia's largest oil customer other than China.
    India News
    Updated 1402 days ago

    Russia becomes India's second-biggest oil exporter, trade sources

    Higher oil imports from Russia, curbed OPEC's share in India's overall imports to 65% in April.
    Business
    Published 1554 days ago

     US secondary sanctions and petroleum imports: Safeguard India’s energy security

    The US has since become India’s fourth-largest supplier of oil, and India is the US’s largest export market globally for crude oil.
    Ht Insight
    Published 1604 days ago

    India's oil imports from US to rise by 11% amid criticism over Russia purchase

    A pumpjack of Wintershall DEA extracts crude oil at an old oil field in Emlichheim, Germany, Friday, March 18, 2022. AP/PTI(AP03_19_2022_000010B)
    India News
    Updated 1640 days ago

    India doubles down on move to procure crude oil from Russia

    Russia has so far exported 360,000 barrels of oil a day to India in March alone. (AP Photo)
    India News
    Updated 1639 days ago

    Chinese reliance on Middle East oil increases: Report 

    Considering China's dependence on foreign suppliers for oil remains in excess of 70 per cent, Chinese fears of such disruptions to the energy supply chain will only grow.
    World News
    Published 1718 days ago

    India, US to release 5mn barrels of oil reserves to challenge OPEC grip: Report

    The release may come within a week, and India and other countries may look at selling more crude later
    Business
    Updated 1755 days ago

    Altering strategic investments

    A country like India which imports most of its crude oil needs from other countries ends up paying more money if crude oil prices increase in the international market.
    Ht Insight
    Published 1888 days ago

    India may turn to Iran, Venezuela for oil imports

    India has already requested OPEC and its allies, including Russia (together known as OPEC+) to immediately restore the output that was substantially cut to stabilise crude prices when the Covid-19 pandemic began raging and most of the global economies were under lockdowns, the officials said. (Representative Image)
    India News
    Updated 2030 days ago
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