Amid the ongoing US-Iran war and the subsequent disruptions to crude oil supplies, India expanded its crude sourcing to 31 countries but supplier concentration rose sharply.
3 min read8 Sep 2026Russian Ambassador Denis Alipov stated that the global energy market would struggle without Russian oil and emphasised Russia's readiness to meet India's oil needs amidst sanctions. He criticised pressure tactics from other countries that hinder better deals for India.
2 min read6 Sep 2026Russian economist Andrei Klepach warned that Moscow may struggle to defeat Ukraine in a prolonged war of attrition as sanctions, military spending and Ukrainian strikes weigh on the economy. He also warned of slowing growth, rising costs and a potential social crisis.
2 min read16 Aug 2026The ships carrying sanctioned oil are using systems that bad actors could use to cause an explosion or oil spill.
5 min read16 Jun 2026India has declined to share detailed, company-wise data on crude oil imports from Russia under the RTI Act, citing commercial confidentiality and strategic concerns. The Petroleum Planning and Analysis Cell (PPAC), under the Oil Ministry, rejected the request, and the Central Information Commission upheld the decision. The case underscores the ongoing tension between transparency and strategic sensitivity in India’s energy policy.
30 Apr 2026US President Trump’s Russian oil waiver may have been granted under the duress of petrol prices running above $1 per litre in America. As every barrel counts, what we await is a return to oil and gas supplies flowing freely out of the Gulf via Hormuz.
1 min read20 Apr 2026Waiver on sanctions is the US’s prerogative, and India’s imports would not depend on it, said a person aware of the developments. “Efforts are on for further LPG purchases from Russia. Also, import of both crude and LPG is likely to continue from non-sanctioned entities,” this person said.
3 min read17 Apr 2026US Iran War News Highlights: Trump said the United States has made significant progress in its standoff with Iran, claiming Tehran has agreed to forgo nuclear weapons and return enriched uranium following recent US military action.
28 min read17 Apr 2026Russian Foreign Minister Sergei Lavrov on Wednesday offered an energy lifeline to China as the US-Iran war strangled global supply. The move comes ahead of Russian President Vladimir Putin's scheduled visit to Beijing.
3 min read15 Apr 2026Oil rallied Thursday after Trump vowed an escalation in the conflict against Iran over the coming weeks – which could disrupt energy flows through the vital Strait of Hormuz
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