India’s crude import volumes remained largely unchanged in April-July, but higher oil prices sharply increased the import bill, with renewed US-Iran tensions raising the risk of another rise in costs.
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.
Drawing lessons from the Hormuz crisis, govt explores ways to reduce dependence on maritime chokepoints. Experts say options are limited for LPG compared to crude.
Renewable energy is surging and demand is rising, yet fossil fuels & import dependence continue to shape the country’s energy landscape, adds Energy Statistics India 2026 report.
The island logged its first oil-import-free month in a decade after Mexico, Havana’s top supplier, halted supplies, as Trump steps up pressure to undermine Cuba’s communist govt.
As India-Russia trade decreases, India's April-July exports to the US this year increased by 21% compared to last year & imports from the US grew by 12%.
Iran’s parliament has approved potential closure of Strait of Hormuz in response to US strikes on Iranian nuclear sites, but country’s top security body is yet to take final call.
Despite contraction in exports, India’s merchandise trade deficit improved in 2023-24, owing to steeper drop in imports. However, the trade deficit with China & Russia widened.
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.
Just because India's increased oil imports proved beneficial after Russia-Ukraine war doesn't mean Modi govt should continue with it. Israel-Hamas conflict could hurt us now.
When Rahul Gandhi said 'smash the patriarchy' in Pune, he drew a connection between young women's experience and the text and tradition that justify their subjugation.
BlackRock Global Funds have acquired less than 1% stake via open-market transactions in Ather while a Bloomberg EV index is down 1%, dragged by Tesla, BYD and Xiaomi.
Given how arrogant and self-loving Imran is, he may not be capable of introspection even in the isolation of Adiala jail. The harsh truth is, he played the same game when it suited him.
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