Oil Imports

Russia to supply diesel to US, global markets: What it means for India

US President Donald Trump said Russia had agreed to immediately supply more than 300,000 tonnes of diesel to the US and global markets after a discussion with Russian President Vladimir Putin

Reliance drives India's Venezuela oil imports to seven-year high in Oct

Venezuelan crude deliveries to India are expected to more than double to about 465,000 barrels a day this month, from 196,000 in September, according to Kpler estimate

Indian oil refiners change tactics, hire tankers to sail through Hormuz

Refiners are shifting from relying on Gulf producers and traders to transport crude through Hormuz, seeking to reduce the premium paid for cost-and-freight shipments

Replacing 1 mn bpd of Russian oil could cost India up to $3.7 bn a year

India may face higher crude costs and tighter supply as refiners look for alternatives to Russian barrels amid US tariff pressure and rising fuel demand

India's crude import bill rises 48% to $74.8 bn in Apr-Aug amid high costs

India spent $24.4 billion more on crude in April-August despite a 0.4% fall in import volumes as prices rose in international markets amid supply concerns due to the West Asia conflict

US sanctions Bill: India says energy security for 1.4 bn people a priority

The legislation gives President Donald Trump discretion to impose tariffs of up to 100 per cent on major buyers of Russian energy, including India, but does not trigger them automatically

India's Russian oil imports: From war-era discounts to Trump-era shifts

US lawmakers' push to name India in a Russia sanctions bill puts its Russian oil purchases back in focus. Here's how the trade has changed since Moscow's invasion of Ukraine

Iran war pushes cost of shipping US Gulf Coast oil to Asia to record

US oil continues to backstop the supply gaps left by the war

Indian crude basket tops $100/bbl as Iran-US tensions fuel supply concerns

Rising crude prices are squeezing fuel marketing margins and could widen India's oil import bill, while attacks in West Asia raise concerns over supplies through the Strait of Hormuz

India faces crude squeeze as Russian, West Asian supplies tighten

Russian crude oil supplies to India, which set records in June and July at nearly 55 per cent of the country's total imports and bailed out Indian refiners, are under threat while West Asian supplies

Trump's Operation Economic Outcast: How could Iran sanctions impact India?

Donald Trump's Operation Economic Outcast could hit India through higher oil prices, trade disruptions, payment hurdles and possible US action over New Delhi's purchases of Russian energy

India's crude import bill rises 41% to $13.7 bn in July on oil prices

Crude import volumes rose 13 per cent to 21.4 million tonnes in July, while the Indian basket price averaged $82.04 a barrel amid supply disruptions in West Asia

Venezuelan crude turns costly for India as discounts shrink, freight surges

Delivered cost of Venezuela's Merey grade surges to $95 bbl, while Russian grade has flipped from a discount to a premium over Dated Brent

India's edible oil imports hit 10-month high in July on high demand: SEA

Refiners raised palm oil and soyoil purchases ahead of the festival season, with total imports reaching their highest level in 10 months, industry data showed

US Senate Russia sanctions vote threatens Indian crude supplies: Kpler

A US Senate vote to advance tougher sanctions on Russia raises the risk of disruption to Russian crude supplies but is unlikely to immediately alter oil flows to India and China, according to Kpler analyst Sumit Ritolia. The US Senate on Friday passed a bipartisan Russia sanctions bill that would give President Donald Trump authority to impose tariffs of up to 100 per cent on imports from countries that are among the world's largest buyers of Russian oil and gas. The Lindsey O. Graham Sanctioning Russia Act of 2026 targets the five biggest purchasers of Russian energy and is aimed at cutting Moscow's revenues from oil and gas sales. The measure still needs to clear the US House of Representatives and faces further legislative and administrative steps before it could take effect. According to Ritolia, the measures still face further legislative and administrative hurdles, while their impact will depend largely on how aggressively the US administration implements them, including wheth

India's July edible oil imports hit 10-month peak on higher palm oil buying

Palm oil imports jumped 50% from a month ago to 733,000 metric tons in July, the highest in five months, dealers' average estimates showed

India scrambles for sunflower oil alternatives on Black Sea disruptions

Delays in sunflower oil shipments from Russia and Ukraine push the world's largest buyer towards palm, soy and South American supplies amid weak domestic crops

MRPL asks crude suppliers to avoid Red Sea, Strait of Hormuz routes

Red Sea traffic ‌has been disrupted off the ​coast of Yemen ​since last week by the Tehran-aligned Houthis, who want to ​blockade Saudi exports

No plan to adjust Budget numbers yet, says FM Nirmala Sitharaman

FM Nirmala Sitharaman says the government has adequate fiscal buffers to tackle risks from the West Asia conflict and sees no need to revise Budget estimates

Discreet diplomacy may shield India from tariff threats over Russia oil buy

Quiet diplomacy could help India navigate US tariff threats over Russian oil purchases while managing energy security risks amid escalating West Asia tensions