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Saturday, July 19, 2025
TopicOil import

Topic: Oil import

Delhi’s ‘band-aid’ solutions for air pollution, and the death of tabla virtuoso Zakir Hussain

Global media took note of how tabla maestro Hussain introduced the instrument to global audiences. It also reported on Apple's expanding manufacturing network in India, 'thanks to Modi'.

India will buy oil from whoever offers ‘lowest possible price’, says Minister Hardeep Singh Puri

India has been buying crude oil from Russia, which is now its top oil supplier, at discounted prices since the West imposed import curbs following its invasion of Ukraine.

Russian oil slashes OPEC’s share of Indian market to 22-year low

India shipped in about 1.6 million barrels per day (bpd) of Russian oil in 2022/23, the data showed, about 23% of its overall 4.65 million bpd imports.

‘Sensible to get best deal in interest of Indian people’ — Jaishankar on Russian oil imports

Responding to questions from Rajya Sabha members, the external affairs minister said it's his duty to ensure Indians don't pay the cost of other countries' actions for food, etc.

India to diversify oil imports after surprise output cuts by OPEC, its allies

Oil minister Hardeep Singh Puri warned that these cuts could tip the world into recession. He also informed that Indian firms have signed new oil supply deals with Colombia and Brazil.

Biden says US will ban ‘all imports of Russian oil, gas & energy’ to pressure Putin to stop war

Announcing the ban in an address from the White House Tuesday, President Biden said 'US will not be part of subsidising Putin’s war'.

Reliance gets former Biden aide Ankit Desai to lobby for lifting Venezuelan oil import ban

Ankit Desai will work as a subcontractor to law firm Eversheds Sutherland US LLC, which represents Reliance in matters related to Venezuelan sanctions imposed during the Trump admin.

India hopes to import more oil from Iran and Venezuela under Joe Biden

India is heavily reliant on energy imports and refiners struggled to cope as the US foreign policy over the last few years restricted access to Iranian & Venezuelan oil.

Should Modi govt let oil crash cushion finances or will lower retail prices revive economy?

The global oil slump has given Modi govt the cushion to hike fuel taxes to meet revenue shortfalls. But retail fuel prices still hover around pre-Covid-19 levels.

India may seek extension of 4 November deadline for oil import from Iran

India is hoping to get a waiver from US sanctions as it cut down oil import from Iran in the last few months.

On Camera

Socialism hinders India’s industrial growth. We need free enterprise first

‘The tirade against capitalism is wholly unfounded. Capitalism as it has shaped during the past quarter of a century is a far better method of developing the economic resources of any country,’ wrote DN Hosali in 1956.

India-US set to ink mini trade deal soon, reach understanding on agricultural & dairy products

Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.

Not just AK-203, India & Russia to jointly manufacture AK-19 and PPK-20 for domestic use and export 

India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.

Joys of Trumplomacy: India & the world are learning US President’s 99 moods and 1 goal

Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.