Uncertainty over Venezuelan supplies comes amid reduced discounted Russian flows
In Feb, country regains market share in diesel shipments, India's most-valued export to Europe, putting a check on US expansion
Washington is chipping away at the so-called shadow fleet that transports oil to China, India and Turkiye among others
Can the country's refining capacity keep up?
Russian barrels are not sanctioned for countries like India, but if the ships they are delivered on come under sanctions then India cannot buy such shipments
Houthi attacks on Russian crude deliveries coincide with escalating US actions on ships carrying such crude, leading to double trouble for India
Urals and Sokol accounted for every 4 out of 5 barrels of Russian supplies to India last year
Indian Oil Corporation has set up 100 per cent ethanol dispensing outlets at 400 petrol pumps in Maharashtra, Karnataka, UP, and Tamil Nadu, Oil Minister Hardeep Singh Puri said
Reduction in discounted Russian supplies will affect gross refining margins, as cheaper crude contributes to the profits of Indian Oil, Bharat Petroleum and Hindustan Petroleum
Enhanced enforcement of sanctions by Western powers may increase procurement costs and reduce the appeal of discounted Russian crude
Outbound petro shipments contributed $57 billion to India's coffers in FY23
India's plans to replace most petrol vehicles with electric ones may fall well short of the target, forcing the country to continue depending on crude oil
Petroleum Minister Hardeep Puri said there had been no disruption in supplies due to the attacks by Houthi rebels on oil tankers transiting the Suez
EverEnviro Managing Director & Chief Executive Officer Mahesh Girdhar speaks about India's second stab at Compressed Bio-Gas, after an initial attempt to convert waste-to-gas failed
Russian imports accounted for 39% of India's overall crude imports last year from 16% in 2022
'You can easily multiply capacity, but the biggest challenge to do any larger project in India is availability of land, availability of evacuation, funding, and the offtake agreement'
Around the world, more than 360,000 flights have already been powered by SAF
Moves by Washington to enforce the price cap strictly by opening investigations into five tankers transporting Russian oil has created concerns among refiners and traders
Poor planning by Indian policymakers, coupled with unbridled optimism for renewables, caught India unawares, industry officials noted
India turning into a magnet for sanctioned oil after its refiners started buying Russian oil last year at deep discounts