India's Petroleum Ministry clarified that E20 petrol is costlier to produce than pure petrol currently but has protected consumers from volatile oil prices and enhanced energy security. The ministry refuted claims of engine damage or significant mileage reduction from E20 fuel.
India's crude oil imports are insulated from current Hormuz Strait tensions due to diversified sourcing, with Russia supplying over half. However, LPG and LNG supplies remain vulnerable to Gulf disruptions, potentially increasing shipping costs and regional prices.
Amidst rising crude oil prices and renewed US-Iran tensions impacting the Strait of Hormuz, India's energy security is under scrutiny. While crude oil imports are diversified, LPG and LNG supplies, heavily reliant on the Middle East, face significant risks from shipping disruptions and increased costs.
Amidst rising US-Iran tensions impacting the Strait of Hormuz, India's crude oil imports remain diversified. However, its LPG and LNG supplies, heavily reliant on the Middle East, face significant risks due to potential shipping disruptions and increased costs.
China's crude oil demand is expected to peak in 2023, driven by renewable energy development and EV adoption, according to CNPC executives. This shift, coupled with refining overcapacity, will reshape the global energy market.
India's oil imports reached a record 4.93 million barrels per day in June, with Russia supplying over half. This surge occurred despite Middle East tensions, highlighting India's successful diversification and procurement strategies.
India's crude oil imports from Russia have reached an all-time high, exceeding 50% in June, driven by the US-Iran conflict and a lapsed sanctions waiver on Iranian oil. While Russia remains the dominant supplier, potential rebalancing towards Middle Eastern sources is expected as the Strait of Hormuz reopens and discounts narrow.
India's crude oil imports reached a record 4.93 million bpd in June, with Russia becoming the top supplier. This resilience highlights India's diversified sourcing and procurement strategies amidst global geopolitical tensions.
Venezuela's strongest earthquakes in over a century have killed at least 235, with over 70,000 families affected. Despite initial fears, the country's core oil production and refining infrastructure has largely escaped major damage, though power grid disruptions pose a concern. India, a significant recent importer of Venezuelan crude, faces potential supply delays but no immediate interruption.
India is bolstering its oil reserves and diversifying import sources due to global trade disruptions and geopolitical tensions. State-owned refiners have secured two months of crude supply, increasing purchases from Russia, Brazil, and Venezuela, while also planning a new strategic reserve facility.
India's crude oil imports hit a milestone in June, with Russia becoming the primary supplier. UAE imports remained near record highs. This diversification strategy is driven by attractive discounts and concerns over the Strait of Hormuz.
India's crude oil imports from Russia are projected to reach an all-time high of 2.35 million barrels per day in June, driven by Strait of Hormuz disruptions and continued demand. Russia has become India's primary supplier since the US-Iran conflict began.
A potential US-Iran peace deal and the reopening of the Strait of Hormuz could lead to crude oil prices falling below $80 a barrel within weeks, according to Indian refining company executives. The agreement aims to end military conflict and lift US naval blockades, restoring vital shipping routes.
Russia was India's largest oil supplier in April 2026, providing 1.7 million barrels per day (bpd), according to an OPEC report citing Kpler data. This marks a slight decrease from March's 2.1 million bpd. Saudi Arabia was the second-largest supplier.
India has extended anti-dumping duties on aluminium foil imports from China, Malaysia, Thailand, and Indonesia until December 15, 2026. The Ministry of Finance issued the notification following a Sunset Review initiated by the Directorate General of Trade Remedies.
Maruti Suzuki launched its first flex-fuel car, the Wagon R, aiming to support India's goals of reducing oil imports and carbon emissions. The technology allows vehicles to run on petrol and ethanol blends, with officials highlighting its potential to boost farmer income and rural economy.
US Secretary of State Marco Rubio urged Congress to end sanctions waivers for Russian oil imports, specifically targeting India. This move reignites tensions in US-India relations, with India asserting its 'strategic autonomy' and national interest in energy procurement.
India's edible oil imports increased to 1.3 million tons in May, primarily due to a significant rise in soyoil purchases. Palm oil imports saw a modest increase but remained below average, influenced by a narrowed price advantage over soyoil and cooking gas shortages affecting bulk consumers.
Asian nations are prioritizing fuel needs over security risks associated with Russian oil imports, driven by high energy prices and supply disruptions. India's imports have surged, and Indonesia plans to import significant volumes from Russia.
Indian refiners are increasingly replacing Russian oil with supplies from Latin America and Africa due to disruptions in Middle Eastern energy flows. Russian crude imports to India dropped significantly in March and April, with further diversification expected despite a projected increase in May.
South Korea's crude oil imports from the Middle East fell over 37% year-on-year in April, totaling 4.49 million tons, due to the ongoing Middle East conflict. Imports from Saudi Arabia, Iraq, and Kuwait decreased significantly, while US imports rose, narrowing the gap between the two largest suppliers.
South Korea's crude oil imports from the Middle East fell by over 37% year-on-year in April, reaching 4.49 million tons, due to Middle East conflict repercussions. Imports from Saudi Arabia, Iraq, and Kuwait decreased significantly, while US imports rose.
South Korea's crude oil imports from the Middle East fell over 37% in April year-on-year due to regional conflicts. Imports from Saudi Arabia decreased by 37.6%, while US imports rose 13.4%, narrowing the gap to just 1,000 tons.
The UK government has watered down plans to ban imports of diesel and jet fuel made from Russian oil in third countries due to concerns over supply and price rises amid the Middle East conflict. The ban will be phased in over the coming months, with 'targeted' short-term licences issued to support UK supply and global markets.
