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Tuesday, August 12, 2025
TopicCrude oil

Topic: crude oil

More rhetoric than reality? What are ‘massive’ Pakistani oil reserves Trump has promised to develop

Remains to be seen whether US promise is more rhetoric than reality, Pakistani economist Javed Hassan tells ThePrint. He says Trump’s posts suggest desperation to get India deal. 

Jharkhand cops went looking for ‘crude oil thief’ in UP’s Mainpuri. He was sitting in Mathura jail

Mainpuri: A police team from Jharkhand landed up in Nagla Puwayan village in Uttar Pradesh’s Mainpuri district Tuesday. Their mission: to nab alleged ‘crude...

Russian crude refined in third country is no longer a ‘product of Russia’, says US Treasury official

At an event in New Delhi, US treasury official Anna Morris says Washington has not asked India to reduce its purchase of Russian crude. India was top buyer of Russian oil in 2023.

India expands crude imports from US as sanctions against Russia tightens

India was the top buyer of Russian oil last year after other groups retreated from purchases following Western sanctions on Moscow for its invasion on Ukraine in February 2022.

Fresh US sanctions on Russia threaten Moscow’s oil sales to India

The United States on 23 Feb imposed sanctions to mark the second anniversary of Russia’s invasion of Ukraine and retaliate for the death of opposition leader Alexei Navalny.

What US easing sanctions on Venezuela, home to world’s largest oil reserves, could mean for India

Move could pay dividends to Indian refiners, who have capacity to refine heavy crude from Venezuela. India consistently bought crude from Latin American country before sanctions.

Oil companies in sustained profit & crude rates well below peak, yet no relief to public on fuel prices

Petrol and diesel rates have not been lowered in India since May 2022 even though international oil prices are down 25% from June 2022 peak. Analysts believe ‘politics is at play’.

India’s July crude oil imports from Russia slows down, Saudi Arabia inbound shipments decline

By Nidhi Verma NEW DELHI (Reuters) - India's July crude oil imports from Russia dipped for the first time in nine months, while inbound shipments from Saudi Arabia tumbled to their lowest in 2-1/2

Little-known trading firms export half of Russian oil to India, China, finds Reuters

It marks a major departure from well-established oil majors such as BP & Shell and top trading houses like Vitol & Glencore that handled Russian crude & oil products for decades.

India soon to overtake China as largest oil demand driver, says IEA chief

Fatih Birol said that, since India has abundant renewable energy capacity, the country should not miss the opportunity to become a superpower in the green hydrogen business.

On Camera

With nuke lunacy, Asim Munir joins Pakistan’s Hall of Generals who swapped brains for bluster

Munir indicates that he’s willing to go for broke, even if it risks taking his country “and half the world” down with him. It’s important to understand where he is coming from.

How mining, manufacturing & power sectors weighed on India’s industrial output since January 2024

India’s industrial output growth saw a 10-month low in June, with Index of Industrial Production (IIP) growing by mere 1.5% as against 1.9% in May 2025.

‘Next war may come sooner than expected, will require whole-of-nation approach’—Army chief

Gen Dwivedi framed Op Sindoor not just as retaliation to Pahalgam, but as demonstration of India’s capability to fight multi-domain conflicts with integration between services & agencies.

Modi’s ready to risk it all for farmers. Farm reform can answer Trump with new Green Revolution

Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.