Reliance Industries said on Friday that it is assessing the implications, including the new compliance requirements, of the recent restrictions announced by the European Union, United Kingdom and the United States on crude oil imports from Russia and export of refined products to Europe a
Experts and industry leaders, at the 6th International Energy Conference and Exhibition, said India's journey towards cleaner and more sustainable mobility is moving steadily with a strong focus on alternate fuels, renewable energy, and reducing dependence on crude oil imports.
India's crude oil import bill could increase by USD 9 billion to USD 12 billion, if the country stops buying Russian crude oil, according to a report by the State Bank of India (SBI).
India has dramatically increased its crude oil imports from the United States since President Donald Trump returned to the White House for his second term, according to sources familiar with the trade data.
India has dramatically increased its crude oil imports from the United States since President Donald Trump returned to the White House for his second term, according to sources familiar with the trade data.
India has successfully achieved 20% ethanol blending in petrol in 2025, five years ahead of its original 2030 target, Petroleum and Natural Gas Minister Hardeep Puri said on Wednesday.
India's dependence on traditional fossil fuel-based energy will come down to 30 per cent by the time the country turns 100th, petroleum and natural gas minister Hardeep Puri said on Friday.
The central government has allowed the Adani Group-owned port at Krishnapatnam in Andhra Pradesh to import petroleum into India by sea in public interest.
The ongoing conflict between Israel and Iran is not expected to have a significant impact on India's crude oil imports, as experts pointed out that India's crude imports from Iran are almost negligible.
Amid growing security concerns in the maritime zones, the Indian Coast Guard has upgraded its security infrastructure in India's crude oil hub in the Gulf of Kutch near Jamnagar where 70 per cent of Indian crude oil imports are received and major refineries, including that of Reliance are
The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the signing of a Memorandum of Understanding (MoU) between the Ministry of Petroleum and Natural Gas, India and the Ministry of Natural Resources, Guyana, on cooperation in the hydrocarbon sector.
The report emphasised that these purchases, totalling an estimated 1.95 million barrels per day (b/d), were pivotal in averting potential chaos in the crude oil market and preventing a surge in prices by approximately USD 30-USD 40 per barrel.