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Tag: India oil imports

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OPEC Trims India’s 2026 Oil Demand Growth Forecast to 40,000 Barrels Per Day

OPEC has revised down its forecast for India oil demand growth in 2026 to 40,000 barrels per day, from 60,000 barrels per day projected in September....

India-Bound Oil Tankers Turn Back in Red Sea After Houthi Threat

Three oil tankers carrying Saudi crude, including two bound for India and one for China, turned back in the Red Sea after a Houthi...

India Starts Paying for Russian Oil in Chinese Yuan: A Major Shift in Global Energy Trade

India has officially begun settling a portion of its Russian oil purchases using Chinese yuan, marking a significant development in international energy commerce. This...

How U.S. Sanctions on Russian Oil Could Add $9–11 Billion to India’s Import Bill

With the United States increasing its pressure on countries importing Russian oil, India faces a significant financial threat. Analysts project that if U.S. sanctions...

Oil Prices Hit Five-Month High After U.S. Strikes on Iran: Impact on India and the World

Oil prices have surged to a five-month high following a dramatic escalation in tensions between the United States and Iran. After the U.S. launched...

Trump Imposes 25% Tariff on Countries Buying Venezuelan Oil

U.S. President Donald Trump has announced a 25% tariff on all trade with countries that purchase oil or gas from Venezuela. This policy, set...

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