India is on track to import record-high volumes of crude oil and condensate in January as refiners boost non-Russian purchases to replace barrels lost to U.S. sanctions, energy flow tracking firm Vortexa said in a report on Wednesday
India has more work to do in order to satisfy US concerns about its purchases of Russian oil and secure tariff relief, President Donald Trump’s trade representative said.
Canada and India will pledge to expand trade in oil and gas as the countries reboot their relationship after a diplomatic chill.
India’s liquefied natural gas importers are holding up some deals spanning decades as they push to lock in cheaper prices, hoping that a surge in supply will tilt negotiations in their favor.
Engineers India Limited (EIL) has traveled one of the most remarkable growth journeys in India’s engineering and project management sector. Founded in 1965 with the vision of supporting India’s oil and gas infrastructure, EIL has transformed over six decades into a global engineering powerhouse delivering world-class solutions across energy, infrastructure, environment, and advanced technologies. From its early […]
Some Indian banks have started to consider financing Russian oil trades that involve only non-sanctioned entities and sanctions-compliant pricing and payments.
India has significant reliance on imports to meet its energy requirements, with nearly 89% of the crude oil used being imported. This dependence extends to other key fuels as well, with about 50% of natural gas and approximately 59% of Liquified Petroleum Gas (LPG) needs met through imports. Moreover, India is also a major exporter of petroleum products, shipping around 65 million metric tonnes (MMT) annually. This is largely due to its strong domestic refining capacity, which is the fourth largest globally.
Two Indian refiners bought a total of 5 million barrels of crude oil from the United States, Iraq, and the UAE on the spot market as they seek alternatives to Russian crude.
The Indian Government has welcomed the elevation of bilateral ties with Ghana to the level of a comprehensive partnership, promising to assist the country for a successful energy transition. Mr Manish Gupta, the Indian High Commissioner, said the authorities would work jointly under the new partnership framework, sharing development experiences and technology transfer to achieve […]
Indian refiners have suspended new orders for Russian crude, Reuters has reported, citing unnamed sources as saying the industry awaited clarity from the government about navigating the new U.S. sanction context.