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Thursday, March 26, 2026
TopicOil supplies

Topic: oil supplies

India eyes Venezuelan, Iranian crude as supply crunch looms amid West Asia crisis & Hormuz disruption

Up to 7-8 million barrels of Venezuelan oil is expected to arrive in India over the next month while US waiver also opens window for stranded Iranian crude oil.

Oil climbs on supply concerns, recovery in China demand

Brent crude futures rose 71 cents, or 0.8%, to $94.64 a barrel by 0622 GMT while U.S. West Texas Intermediate crude futures were at $91.55 a barrel, up 78 cents, or 0.9%.

Oil buyers fear Iraqi supply could also be hit in spillover from Iran crisis

India imported almost a quarter of its oil from Iraq from January to November 2019, buying 17% more from the nation than Saudi Arabia.

New political crises in OPEC trigger risk for global oil supplies

Unrest in Iraq & Iran, economic collapse in Venezuela, discontent in Algeria & missile attack on Saudi Arabia aren’t good news for oil supplies.

On Camera

India’s cultural narrative abroad is overwhelming

Rather than presenting the full spectrum of Indian culture at once, a more strategic approach would be to identify one globally intelligible cultural lane & invest in it consistently.

Sweeping govt order to speed up PNG switch—faster approvals, stricter timelines, nudge to households

Issued amid a West Asia war-induced energy crunch, the order now legally binds all entities controlling land, roads and housing societies to facilitate laying of pipelines.

India-Japan to finalise deal to co-develop & co-produce UNICORN mast ‘soon’, says Japanese envoy

The countries signed a memorandum for co-development of UNICORN masts in November 2024. India has been second Asian nation to have such an agreement with Tokyo, after Philippines.

The Vishwaguru delusion, mine vs yours, is ruining our view of the world

One side thinks India is punching way above its weight. The other thinks Modi has undermined India and it punches below its strength. Both are wrong.