Data from Kpler indicates continued availability of Russian cargoes in the Indian Ocean and Arabian Sea region, including volumes in floating storage. Sumit Ritolia, its lead research analyst, refining & modeling said, “Indian refiners had already been importing around 1 million barrels per day of Russian crude in recent months, meaning the waiver effectively acts…
Petroleum Minister Hardeep Puri on Friday said there is no shortage of energy in India and there is no cause of worry for its energy consumers. The minister discussed various aspects of India’s uninterrupted energy imports despite geopolitical challenges with the media. “Our priority is to ensure availability of affordable and sustainable fuel for our…
The impact of the increasing war in the Middle East is now directly visible on the global energy market. Especially the situation has become more serious due to the closure of the Strait of Hormuz. This sea route is very important for the world, because about 20 percent of global crude oil and LNG trade…
Petroleum Minister Hardeep Singh Puri told the Rajya Sabha on Monday (9 February 2026) that India has so much petroleum reserves that the country can meet its oil needs for 74 days. He gave this information while answering the questions of the members during the question hour. Puri said that India is a rapidly growing…
OVL, the overseas arm of Oil and Natural Gas Corporation (ONGC), has held a 40% stake in the San Cristobal Project in Venezuela since 2008, with the country’s state-owned oil company Petróleos de Venezuela SA (PDVSA) owning the remaining 60%. A PDVSA team is currently in India to discuss the long-pending issue. The outcome of…
Prime Minister Narendra Modi on Tuesday called upon global energy players to invest in India’s energy sector across exploration and downstream sectors, and said the country offers investment opportunities worth $500 billion. The country is now moving towards energy independence, as it has in the past few years ensured energy security, Modi said, addressing the…
The Uttar Pradesh excise department arrested prominent climate activist Harjeet Singh on Tuesday for allegedly keeping “excess” liquor at his home. The arrest came a day after the Enforcement Directorate (ED) searched in connection with a foreign exchange violation case, involving the alleged misuse of 6 crore received from abroad and activities aimed at narrative-building…
