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Monday, April 27, 2026
TopicOil

Topic: Oil

Use public transport, buy only ‘fuel you need’—PM Albanese tells Australians amid global energy woes

In rare address to nation, Australian PM says, 'No government can promise to eliminate the pressures that this war is causing.'

‘No problem with Russian oil refined in India entering Germany,’ says ambassador Ackermann

No issue as long as price cap is respected, says German envoy. In contrast, EU foreign policy chief has called for crackdown on import of fuels from India, citing use of Russian oil.

Alaska oil drilling protesters disrupt White House climate adviser appearance

A dozen protesters chanted, 'keep your promise, no new drilling' for several minutes, preventing Ali Zaidi, White House climate adviser, from delivering his address.

India’s oil imports from Middle East fall to a 14-month low, Russian imports increase

Russia's share of India's oil imports surged to an all-time high of 23% from 19% the previous month while that of the Middle East declined to 56.4% from 59%, the data showed.

Saudi king names heir Mohammed bin Salman PM, second son as defence minister

The leadership change announced in a royal decree Tuesday, keeps the ruler's other son, Prince Abdulaziz bin Salman as energy minister. Foriegn & Finance ministers have remained the same.

Buying Russian oil is ruble wise but rupee foolish. It bloodies India’s hands

US has no moral rectitude to deliver ethical sermons. But regardless, India must take a holistic view in purchasing oil from Russia—it's not a rosy picture.

Oil resumes decline as market grapples with tumultuous trading

Oil resumed its decline as the fallout from Russia’s war in Ukraine and China’s Covid-19 resurgence continued to rattle the market.

US needs oil, and Iran needs end to sanctions, but they still can’t agree on nuclear deal

In principle, the deal couldn’t be easier. America needs Iran’s oil and gas to help wean the world off Russian hydrocarbons. Iran needs an end to sanctions that have hurt its economy.

Russia offers oil to India at steep discounts on direct purchase

Russian oil has been flowing to Asia in greater volumes as buyers across Europe and the U.S. shun supplies, following the invasion of Ukraine. India and China have been the key buyers.

More petrol, diesel excise duty cuts not expected as Modi govt sees crude prices stabilising

Officials say for fiscal calculations, govt assumes avg price of crude for 12 months, so no need for excise duty cut. Decision on Russia’s offer of crude supply in a few weeks.

On Camera

Indian Forest Service has to change. Begin by calling it Indian Environment Service

As climate risks move from forests to cities, India needs a dedicated environmental cadre that can bridge regulation, enforcement and urban planning.

Strategic petroleum reserves: Why India needs bigger oil buffers & how others compare | Cut The Clutter

This is the transcript of Ep 1830 of Cut the Clutter, where Shekhar Gupta explains why strategic petroleum reserves are a national necessity & how India compares with China, US & Japan.

DRDO unveils amphibious battle platforms with crewless turrets, anti-tank missile capability

Tracked and wheeled variants, built in collaboration with Tata Advanced Systems and Bharat Forge, carry 30mm turrets, cross water using hydro jets, and are 65% indigenous.

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.