India's crude oil import costs have fallen below $70 per barrel, reaching their lowest level since 2021, driven by a global price slump amidst trade and tariff uncertainties.

In a strategic move to bolster India’s energy security, Reliance Industries, BP Plc, and state-run Oil and Natural Gas ...

India’s energy journey is at a critical crossroads. Evolving US-Venezuela relations underscore the risks of overdependence on ...

The US President's action could hit China and India, with experts noting that Venezuela exports oil to both those countries and to the United States and Spain. In December 2023 and January 2024 ...

India is the biggest buyer of seaborne Russian crude. Russian oil accounted for about 35% of overall crude imports in 2024 by India, the world's third biggest oil importer and consumer.

In December 2023 and January 2024, India became the top buyer of Venezuelan crude oil. In 2024, India imported 22 million barrels of oil from Venezuela, which made up 1.5% of India's total crude ...

“Most of the remaining crude oil,” it said, “was destined for India, China, and Europe.” After previously halting oil import from Venezuela in 2019, following U.S. sanctioning of the ...

India's Reliance Industries , operator of the world's biggest refining complex, will halt Venezuelan oil imports after the ...

The cost of shipping Urals oil from the Baltic ports of Primorsk and Ust-Luga to India fell to $7 million per one-way shipment on average after rising to a 12-month high early in March.

India is the biggest buyer of seaborne Russian crude. Russian oil accounted for about 35% of overall crude imports in 2024 by India, the world's third biggest oil importer and consumer.

The latest round of tariffs imposed by the US on Venezuela threatens India’s crude oil trade as domestic refiners have stopped procuring barrels from the crisis-hit South American country.