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Oil Imports News

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Will Petrol and Diesel Prices Rise in India? How Venezuela’s Earthquake Could Impact Fuel Costs

Venezuela earthquake raises fresh concerns for India's crude oil supply. Know how shipping delays, port disruptions, and rising logistics costs could impact oil imports and fuel prices....
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How Will Ships Pass Through Strait of Hormuz Now? Iran’s New Regulations Explained

After the agreement between America and Iran, the movement of ships in the Strait of Hormuz, one of the world's most important maritime trade routes, has gradually started normalising. ...
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India Did Nothing Wrong by Buying Russian Oil, Finland Backs New Delhi; Jaishankar Hits Back at Critics

India has received Finland's support regarding oil import from Russia. Foreign Minister S. Jaishankar clearly said that India decides to purchase oil only keeping in mind its energy needs....
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'No self-respecting nation bows to pressure': Putin Slams US Sanctions on Russian Oil Firms

The sanctions could make it harder for India to buy Russian oil, while U.S. claims the step aims to cut Russia’s oil revenue. Putin warned that these restrictions may destabilise global energy markets. ...
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Trump Pressure Fails, India Becomes Second Largest Buyer Of Russian Oil After China In September

India has emerged as the second-largest buyer of Russian crude oil after China in September. Despite U.S. pressure under Trump, India continues prioritizing cheaper Russian fuel imports for energy security....
Sanjay Singh Slams PM Modi for Favoring Friends Over Nation in Russian Oil Deals

Sanjay Singh Criticises PM Modi for Prioritising Friends in Russian Oil Deals

Despite buying cheap crude oil from Russia, petrol and diesel prices remain high in India; Ambani’s Reliance earns massive profits while common citi...
Karachi

US Tightens Movement of Officials in Karachi After Threat to Luxury Hotels

The United States has imposed a temporary restriction on its diplomats and staff visiting upscale hotels in Karachi, Pakistan, after receiving intelli...
Israel-Iran tensions, PM Modi

Will Iran-Israel tensions impact India's oil supply? PM Modi convenes urgent security meeting with top brass

Iran-Israel tensions impact on India: One of the key concerns discussed during the meeting was the risk to India's crude oil supply. Iran, a major oil...
oil imports

US allows Russian oil imports, defies sanctions

The EIA data reveals that the US paid a premium for the Russian oil, as one barrel cost $74 in October and $76 in November, 2023. ...

Russia Takes the Lead as India’s Biggest Oil Supplier

Despite the ongoing crisis between Ukraine and Russia and Western economic sanctions, Russia’s oil commerce with India and China continues to...

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