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September 1, 2025, 01:47 PM - 2 min read
Modi also emphasised the urgent need to restore peace in the Russia-Ukraine conflict.
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August 20, 2025, 05:31 PM - 4 min read
The US has accused Indian refiners of profiteering from discounted Russian crude and reselling refined fuels to Europe, warning of additional tariffs as New Delhi’s energy ties with Moscow deepen.
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August 20, 2025, 05:03 PM - 4 min read
Russia will continue supplying discounted crude oil to India despite US sanctions and pressure, officials said in New Delhi, affirming that the two countries’ energy cooperation remains firm and unaffected.
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July 13, 2025, 02:41 PM - 5 min read
The Strait of Hormuz is a choke point at the entrance to the Persian Gulf. It is used to transport about 20 per cent of global daily oil consumption.
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March 10, 2025, 10:07 AM - 3 min read
The Indian rupee fell sharply by 30 paise to 87.25 against the US dollar in early trade on Monday as the greenback rebounded. Persistent foreign fund outflows and trade-related uncertainties weighed on the currency, though easing crude oil prices provided some respite, forex traders observed.
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January 24, 2025, 10:23 PM - 3 min read
Prime Minister Narendra Modi is committed to ensuring round-the-clock access to affordable energy while advancing the transition to green energy, the minister stated.
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September 14, 2024, 10:56 AM - 3 min read
The effective duty on these crude and refined oils will increase from 5.5 per cent to 27.5 per cent and from 13.75 per cent to 35.75 per cent, respectively.
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September 12, 2024, 06:27 PM - 3 min read
Global crude oil prices dropped to a three-year low but have slightly rebounded. Indian oil firms may lower petrol and diesel prices if the trend continues, but cuts are likely closer to upcoming state elections.
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June 15, 2024, 12:54 PM - 2 min read
India first imposed windfall profit taxes on July 1, 2022, joining a host of nations that tax supernormal profits of energy companies.
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February 20, 2024, 07:08 PM - 2 min read
Drawing a distinction between India's historical ties with Russia and Europe's current stance, Jaishankar asserted that just as India respects Europe's perspective on China, Europe should reciprocate regarding India's relationship with Russia.
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February 6, 2024, 06:44 PM - 2 min read
Adnoc has already hired half of the 2.5 million tonnes storage capacity at Padur and 1.5 million tonnes facility at Mangalore. While the remaining 1.25 million tonnes at Padur has been filled by ISPRL, 0.75 million tonnes of vacant storage at Mangalore will be leased out, ISPRL CEO and Managing Director LR Jain told reporters on the sidelines of India Energy Week.
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January 5, 2024, 05:07 PM - 2 min read
The Union Cabinet on Friday approved signing of a 5-year memorandum of understanding with Guyana for cooperation in the hydrocarbon sector including sourcing of crude oil.
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