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Saturday, March 14, 2026
TopicOil imports

Topic: Oil imports

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.

India is using Chinese yuan to pay for 10% of its Russian oil imports, rest in rupee and dirham

Russia is okay with delays in payments, but has asked Indian oil marketing firms to pay some amount in yuan — a currency it can use more easily.

On Camera

Period pain is real. Blanket menstrual leave policy isn’t a fix

The Supreme Court is right to point out the 'mindset of employers', who, because of this policy, may deduce that 'women are inferior.'

Red carpet for industry honchos as AAP kicks off Punjab investors summit. Rs 10,000 cr pledged on Day 1

At 2nd such summit in Punjab for top investors organised by AAP since it came to power in Punjab, Lakshmi Mittal announced his Bathinda refinery has increased production of LPG by 3,000 tonnes/day.

Supreme Leader Mojtaba, the man Iran must keep alive & the secret force ‘tasked with it’—all about NOPO

The Nirouyeh Vijeh Pasdaran Velayat, or NOPO, was the only force Ali Khamenei trusted.It was founded in 1991 and is more feared than the Revolutionary Guards.

Trump brings the Age of Humiliation for friends. Modi needs stoicism abroad, humility at home

Trump has ushered in the age of humiliation. His method is to push around America’s friends rudely and publicly. He knows none of them can afford to fight back.