India's current account deficit is expected to rise from 0.6% to 1.2% of GDP by FY26, influenced by trade conditions and global commodity prices. The oil trade deficit increased significantly in July 2025,

Parliamentary Committee flags Oil Ministry's delay in auditing India's rising spot crude oil purchases for cost savings.

Russian barrels accounted for 38% of India’s estimated 5.2 million bpd imports in early August, according to analytics firm Kpler. The increase came at the cost of lower imports from Iraq and Saudi Arabia,

The crude oil market's rather sanguine reaction to the U.S. threats to India over its continued purchases of Russian oil is effectively a bet that very little will actually happen.

If Narendra Modi surrendered to President Trump, how tough would it be to wean his country from Russia’s discounted supply?

By the end of this calendar year, IOC will have the capacity to produce 35,000 tonnes per year of SAF from used cooking oil, which will be sourced from large hotel chains, restaurants, and sweets and snacks majors like Haldiram’s,

India's state-run Bharat Petroleum Corp has awarded a five-month tender for 10 million barrels of U.S. oil to European trader Glencore, two people with knowledge of the matter said, aiding India's efforts to deepen energy ties with Washington.

India’s state-owned oil refiners are pulling back from purchases of Russian crude for now, according to people with direct knowledge of the companies’ procurement plans, as Washington ratchets up the pressure on New Delhi over the flows with a wave of harsh tariffs.

President Trump’s new front in the trade war against India focuses on a pair of enormous refineries with extraordinary owners.

Despite better profitability, ONGC has struggled to raise production, with the KG basin ramp-up delayed by an early monsoon. Oil India, meanwhile, has increased production at a 4.3% CAGR over the past three years.

A closely-monitored oil market metric that tracks the strength of Middle Eastern crude versus global benchmark Brent underlines the fallout from President Donald Trump’s push against India’s buying of Russian flows.