India’s Russian crude imports hit record 2.8 million bpd in July
India imported a record 2.8 million barrels per day (bpd) of Russian crude in July, up 2.1% from June and accounting for 55.5% of total crude imports of over 5 million bpd,…
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US strategic oil reserves fall to 1983 levels during Iran war
The US Strategic Petroleum Reserve has fallen below 300 million barrels for the first time since 1983, NDTV Profit reports. Washington has been drawing heavily on emergency oil stocks during the ongoing…
India widens energy import sources, taps 15 nations for LNG
India has sharply expanded its energy import network, sourcing LNG from 15 countries and crude oil from 41, up from six and 27 previously. The government told Rajya Sabha on Monday that…
BJP MP defends ethanol blending, asks where pure petrol will come from
BJP MP Janardan Mishra has defended the government's ethanol blending policy, asking opponents, "Will pure petrol come from your father's house?" Speaking at an event to inaugurate new flights from Rewa to…
US tariff threat on Russian oil may push India to costlier crude
India’s state-run oil refiners expect costlier crude from September as a US bill to slap up to 100% tariffs on top importers of Russian oil moves closer to law. The Senate passed…
ONGC to reserve half of Mangaluru oil storage for strategic reserves
ONGC will reserve half of its 1.75 MMT oil storage facility in Mangaluru for strategic petroleum reserves, Union Minister of State for Petroleum Suresh Gopi told the Rajya Sabha on Monday. The…
PM Modi reviews West Asia impact, seafarer safety in CCS meet
Prime Minister Narendra Modi chaired the fourth special meeting of the Cabinet Committee on Security on Thursday (July 30, 2026) to review the West Asia conflict's effects on India, especially for Indian…
India, Sri Lanka review power link projects in New Delhi
India and Sri Lanka reviewed the proposed HVDC power interconnection and the Sampur Solar Power Project at a meeting in New Delhi on Friday. Indian Power Minister Manohar Lal led the talks,…
US Senate clears bill for 100% tariffs on India over Russian oil
The US Senate voted 86-11 on Friday to pass the Lindsey O Graham Sanctioning Russia and Iran Act 2026, which authorises up to 100% tariffs on countries buying Russian oil, gas and…
ONGC, Oil India, GAIL profits surge; IOC posts loss
India's state-owned oil companies posted mixed results for the June quarter. Upstream firms ONGC, Oil India, and GAIL more than doubled their profits, riding on higher crude prices and stronger realisations. But…
