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India oil import
INDIA OIL IMPORT NEWS
12 million barrels of Venezuelan oil may reach India this month
April 08, 2026 1:24 am
India depends on imports to meet over 88% of its requirement, and processes over 5 million barrels a day of crude.
Modi, Putin set to meet today in shadow of Trump tariff over oil
September 01, 2025 5:30 am
The meeting between Modi and Putin is significant since Trump has taken exception to India’s purchase of Russian oil and levied an extra 25 per cent tariff on top of the reciprocal tariff of 25 per cent imposed on India
‘Road to peace in Russia-Ukraine conflict runs through New Delhi’: US trade adviser rules out relief from 50% tariffs for India
August 22, 2025 10:39 am
Peter Navarro alleged that the money India makes from trade with the US is being used to buy discounted Russian crude, which is then refined and resold at higher prices in other markets.
Israel-Iran conflict: Why Strait of Hormuz is critical for India’s energy imports, global oil and gas flows
June 17, 2025 5:10 pm
There are reports that a few shipping lines may be reassessing routes, particularly the choke point of the Strait of Hormuz, given the heightened threat in the region. This could further add to the transportation cost to and from the region.
India’s Russian oil imports at 9-month high in April; uptick in US crude volumes
May 04, 2025 4:58 am
Urals crude, the mainstay of New Delhi’s oil imports from Moscow, continues to trade at a discount to rival grades from India’s traditional suppliers in West Asia
India’s Russian oil imports rebound in March as lower prices boost non-sanctioned tanker availability
March 24, 2025 5:54 am
The key reason for the ample availability of Russian oil for exports is the slump in Moscow’s domestic oil demand
India’s oil import dependency up at 88.1% in April-December as demand growth pips domestic output
January 30, 2025 10:50 pm
Crude oil consumption and imports are projected to increase further due to increased demand for petroleum fuels and products.
India’s oil demand likely to hit yet another record in 2025-26 as consumption of major fuels set to rise
January 23, 2025 11:09 am
The consumption growth is expected to be led by fuels and products like petrol, aviation turbine fuel (ATF), liquefied petroleum gas (LPG), diesel, and petroleum coke.
Russia backs India over energy import, slams West pressure as “unjustified”
July 19, 2024 5:15 am
During a press conference on Wednesday, Lavrov condemned Ukraine’s remarks about the recent meeting between President Vladimir Putin and Prime Minister Narendra Modi, calling them “insulting.”
India’s Russian oil imports at 10-month high in May, supplies from Saudi Arabia dwindle
June 02, 2024 9:45 am
India’s second-largest source of crude—Iraq—accounted for a fifth of New Delhi’s oil imports in May, while Saudi Arabia’s share was 11.4 per cent.
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