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Sunday, August 2, 2026
TopicIndia oil imports

Topic: India oil imports

India’s crude import dependence rises to record 88.7% as domestic output continues to decline

Govt informs Rajya Sabha that said domestic crude oil production fell from 29.7 million metric tonnes in 2021-22 to 28 MMT in 2025-26, mainly due to ageing oilfields.

Talks with Iran among potential options as India looks to secure Hormuz passage for 9 ships

New Delhi wants to secure the transit of crude and LPG carriers carrying 198 Indian seafarers as new attacks threaten the Strait of Hormuz ceasefire.

Russia supplied 50% of India’s crude in June. Iraqi supplies decline, Iran crude not returning soon

Oil industry analysts say Indian refiners have little need for additional supplies as most crude requirements till the first half of August are already secured.

India plans to cut reliance on Middle East oil after war shock

State run refiners are now looking at more supplies from countries like US, Brazil and Guyana after the Iran war which affected India.

Iran-US peace talks have come at a critical time for India, writes global media

Global publications assess deal’s implications for India’s energy needs, Vance’s vociferous defence of the MoU, and how weakening rupee is impacting Indian students’ dream to study abroad.

3 things Indians should know about PM Modi’s austerity appeal

By encouraging citizens to work from home or carpool, PM Narendra Modi is not idealising the pandemic. He is urging Indians to undertake actions that policy cannot swiftly achieve.

1973 OPEC oil embargo to US-Israel & Iran war: 6 geopolitical conflicts that shaped India’s energy strategy

Hormuz crisis is only the latest in a line of geopolitical flashpoints that shaped India’s energy strategy over the years, starting from OPEC oil embargo that followed the Yom Kippur war.

Venezuelan oil exports hit 6-year high as India fills China gap

Shipments to India soared by more than fourfold in March, surpassing those to the US, according to shipping reports compiled by Bloomberg & data from maritime intelligence firm Kpler.

India’s Russian crude imports approach pre-Trump sanction levels amid Hormuz disruptions & US ‘waiver’

India has already purchased nearly 16 million barrels of Russian crude so far in March 2026, translating to roughly 1.6 million barrels per day, indicating a sharp uptick.

Russian crude never left India’s import mix. It made up 1/3rd of oil imports from 2024 to 2026

After dominating India’s crude imports since 2023, Russian supplies slowed amid US sanctions, but a 30-day ‘waiver’ amid West Asia tensions could now push flows back towards 2 mbpd.

On Camera

Ajinkya Rahane’s farewell closes the chapter on India’s greatest Test generation

Ajinkya Rahane was at the heart of India's rise under Kohli and Shastri. Nowhere was his understated value more immortalised than during the 2020–21 Border-Gavaskar Trophy.

Despite PM Modi’s appeal to cut fertiliser use, farmers show no sign of scaling back—Parliament data

Combined sales of urea, DAP, MOP and complex fertilisers rose 25 percent in April even as Modi asked farmers to cut chemical fertiliser use by up to half to save soil and foreign exchange

In Delhi, an emotional farewell to former Army chief Gen VN Sharma with full state honours

The three service chiefs paid tributes, along with several former Army chiefs. Friends & fellow soldiers remember him as a 'natural charmer'.

India’s Gen Z has opened a breach, for BJP to fill or Opposition to widen

The young people broke the self-imposed silence among the elite not to speak a word critical of the Modi government, except to whisper on the sidelines, looking left, right and behind.