Oil Supplies
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India's Russian oil imports jump 39% in June; US shipments fall | List of top suppliers
India | Jun 21, 2026, 11:17 PM ISTThe latest import figures reflect India’s continued efforts to diversify its energy sources. Russian crude has remained attractive due to competitive pricing, while increased purchases from the UAE helped refiners manage supply risks linked to disruptions in the Strait of Hormuz.
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UAE announces to quit oil production groups OPEC, OPEC+ amid global energy crisis due to Iran war
World | Apr 28, 2026, 11:53 PM ISTThe United Arab Emirates has announced its withdrawal from OPEC and OPEC+, a move that comes during a historic global energy crisis driven by the Iran conflict.
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Moscow ready to meet India's energy needs if West Asia conflict drags on: Russian Embassy official
World | Mar 04, 2026, 12:01 AM ISTThe assurance comes at a time of rising uncertainty in the global energy market. Concerns have grown after QatarEnergy halted liquefied natural gas (LNG) production and related operations on March 2 after strike by Iranian drones.
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India looks to stabilise oil supplies after Saudi drone attacks
Business | Sep 20, 2019, 09:46 AM ISTPetroleum Minister Dharmendra Pradhan, who said earlier that India is keeping a close eye on the oil crisis in Saudi Arabia, called up Saudi Oil Minister Prince Abdulaziz bin Salman on Thursday and was assured that Riyadh would be meeting all of India's oil supply commitments. The Kingdom has announced it is looking to restore production very soon.
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Exploring alternative oil suppliers to ensure 'our friend' India's economy not adversely affected, says US
World | Sep 29, 2018, 01:52 PM ISTEarlier this year, the US had withdrawn from the 2015 Iranian nuclear deal and reimposed a series of tough sanctions on Iran.
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Iran becomes second largest oil supplier to India
Business | Jul 23, 2018, 11:19 PM ISTDuring first three months of 2018-19 fiscal year that began from April, the state-owned firms bought 5.67 million tonnes of crude oil from Iran for Rs 19,978.46 crore (USD 2.95 billion).
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Iran Threatens To Cut Crude Supply To India
Jul 19, 2011, 02:15 PM ISTTehran, Jul 19: Iran threatened on Monday to cut oil supplies to India by the beginning of August, if billions of dollars in what it said are overdue payments for crude oil are not made.The