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Thursday, April 23, 2026
TopicOil imports

Topic: Oil imports

India’s energy paradox: Coal dominates at 79% of supply even as renewables surge, says MoSPI report

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.

Oil to Cuba drops to zero as Mexico puts shipments on hold over US tariff threat

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.

Amid Trump’s tariff bombs, India’s business with America surged while imports from Russia dipped 10%

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%.

Crude oil prices to freight rates: How Iran’s chokehold on Strait of Hormuz impacts India

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.

India’s trade deficit improved in 2023-24, but it needs to watch its FTAs to fix persistent imbalances

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 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.

Why Red Sea crisis could cost India—Modi govt sets energy goals but doesn’t follow through

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.

63% increase in travel time of Russian oil shipments — how Houthi attacks in Red Sea could hurt India

As Houthis attack ships in Red Sea in solidarity with Palestine, shippers are considering alternative routes. Delay in oil supplies to India could force it to buy more from Middle East.

India’s oil import dependence set to rise to ‘above 80%’ by 2027-28. Modi had aimed to reduce it by 10%

A combination of falling domestic production, growing demand, and high oil prices has meant India’s oil import bill has nearly doubled in three years.

India’s sunflower oil imports to decline after Russia’s exit from Black Sea grain deal

The drop in sunflower oil imports would force the world's biggest buyer of vegetable oils to increase purchases of palm oil and soyoil to compensate.

On Camera

India’s economic reforms can’t be a potted plant approach

At both the Union and state levels, Indian policymakers should consider a recalibration away from sector-specific incentives towards economy-wide reforms.

India’s online gaming rules to take effect on 1 May; most games exempt from registration

The rules, which come into force on 1 May, establish an Online Gaming Authority which will determine whether a game is an online money game or online social game in only three situations.

Japan overhauls post-World War II pacifist military approach, lifts restrictions on defence exports

Since October last year, Japan PM Sanae Takaichi has planned to increase defence spending target to 2 percent of GDP.

Trump, Netanyahu’s Iran gamble: The regime change rebound

American objectives are unmet. They neither have muscle nor motivation to resume the war. As for Iran, the regime didn’t just survive, it’s now led by more radical individuals.