Indian refiners increase Russian and UAE oil imports ahead of Hormuz recoveryIndia's crude oil imports hit a milestone in June, as Russia emerged as the primary supplier, followed closely by the UAE's near-record imp...
21 Jun, 2026, 11.46 AM IST
Indian refiners sitting on enough crude, in no rush to resume purchases from West AsiaIndia's state-run refiners have secured enough crude for two months. They are not rushing to buy from the Middle East even if the Strait of...
19 Jun, 2026, 10.37 AM IST
Trump vows to reimpose US sanctions on Russian crude 'soon' as truce with Iran takes shapePresident Trump announced that the US will soon reimpose sanctions on Russian oil, citing eased global supply concerns due to resumed flows...
17 Jun, 2026, 01.46 PM IST
Is the Iran war just an energy shock - or a turning point?A potential U.S.-Iran peace deal to reopen the Strait of Hormuz could signal a watershed moment for global energy markets, moving beyond a ...
16 Jun, 2026, 06.41 AM IST
Exports rise 18% to 6-month high in May; trade deficit widensIndia's merchandise exports reached a record $45.2 billion in May. Imports also grew, leading to a trade deficit of $28.21 billion. Commerc...
16 Jun, 2026, 12.17 AM IST
India's Russian oil imports rise in May as refiners boost purchasesIndia continued its strong demand for Russian fossil fuels in May. The nation emerged as the second-largest buyer globally, importing hydro...
14 Jun, 2026, 07.30 AM IST
As OPEC+ meets, Iran war hobbles power to shape oil marketOPEC+ ministers are meeting to discuss increasing oil production quotas to combat surging prices, which have doubled since Strait of Hormuz...
07 Jun, 2026, 01.34 PM IST
The Iran war is pushing the global gas trade into the shadowsAs the Strait of Hormuz remains under Iranian control amid the ongoing West Asia conflict, Qatar has quietly resumed some LNG exports by ad...
02 Jun, 2026, 12.19 PM IST
A ₹3 lakh crore rain check? India’s monsoon now comes with a Hormuz fine printIndia’s fertiliser supply chain is under strain as the West Asia conflict disrupts shipping through the Strait of Hormuz, a critical route ...
02 Jun, 2026, 11.30 AM IST
India turns to Latin American, African oil after Hormuz disruptionIndian refiners sought oil from Latin America and Africa as Middle East supplies faced disruptions. Imports from Venezuela, Brazil, Angola,...
25 May, 2026, 01.50 PM IST
India turns net importer of finished steel in April, data showsIndia has become a net importer of finished steel. In April, imports rose significantly while exports also saw an increase. Major suppliers...
25 May, 2026, 01.13 PM IST
Venezuela third largest supplier of crude to India in MayIndia's crude oil imports see a significant shift this May. Venezuela has become the third-largest supplier, surpassing Saudi Arabia and th...
22 May, 2026, 05.30 AM IST
China kept building its crude stockpile in April despite Iran crisisChina is accumulating crude oil reserves even as imports decrease. This contrasts with global trends of depleting oil stocks. The nation's ...
21 May, 2026, 07.27 AM IST
US waiver unlikely to lift Russian oil exports already near capacityThe US has extended a waiver for Russian oil exports, but traders believe it won't significantly boost shipments. Russia's infrastructure i...
20 May, 2026, 04.24 PM IST
India prepares to send oil tankers through Hormuz for new supplyIndia is preparing to resume sending ships through the Strait of Hormuz to pick up oil and energy cargoes from Middle East suppliers for th...
20 May, 2026, 10.13 AM IST
Why are oil prices down today and will Brent, US WTI crude futures continue to drop or rise again? Oil settles lower after Iran talks progressWhy are oil prices down today and will Brent, US WTI crude futures continue to drop or rise again? Oil prices fell after the United States ...
20 May, 2026, 01.00 AM IST
India can ride out disruption after Russian oil waiver lapsesIndia's oil refiners are prepared for changes in Russian crude supply. Weaker domestic demand and available oil from the US and Middle East...
18 May, 2026, 02.10 PM IST