Falling crude prices cut India’s oil import bill by 8.5% in December
Chennai: India’s crude oil import bill declined sharply in December, offering relief to the country’s external account as softer global oil prices offset a marginal rise in import volumes. Data from the Petroleum Planning and Analysis Cell shows that the oil import bill fell 8.5 per cent year-on-year to $9.7 billion in December, compared with $10.6 billion spent in the same month last year. This decline came despite India importing a higher volume of crude, underlining the impact of lower international prices on the overall import cost.

Indian refiners shift oil strategy; trim Russian buys and turn to Middle East

HPCL Q3 Results: Cons PAT soars 58% YoY to Rs 4,011 crore, revenue up 5%

India's growth, stable crude prices favourable for both producers and consumers: IOCL Chairman
 

HPCL to buy $3 billion worth of LNG from UAE’s ADNOC Gas under 10-year pact

Chain reaction: Rosneft on radar, new Russian oil suppliers pop up for India

India’s retreat from Russian oil sends China’s Urals imports to a nearly three-year high

India's MRPL scouts for Venezuelan oil as it halts Russian imports

Gulf Oil Lubricants ties up with ACE, Ammann India and XCMG to expand infra play

Engineers India wins over $350 million Dangote refinery expansion mandate in Nigeria

Indian Oil, Nayara lift Russian crude as RIL skips; IOC accounts for 43% of January imports

Oil prices rise as supply risks remain in focus

ONGC, Oil India and other oil-linked stocks in focus as crude slides after Iran tensions ease

Oil & Gas industry’s wish list for Union Budget: Review of cess on indigenous production, push for exploration and refining capacity

Global clean fuel needs to quadruple investment by 2030: WEF
Global clean fuel investment will need to quadruple from nearly $25 billion at present to over $100 billion annually by 2030 to meet clean energy targets, a new  study said on Thursday. Clean fuels can strengthen energy security and economic development goals, stimulating two to three times more jobs than conventional fuel sectors while diversifying national energy supplies, the World Economic Forum report said.

BPCL leads nationwide push to expand PNG and CNG adoption
Source Credit: PTI, The Tribune

India’s Russia oil trade may dip again, stranding cargoes at sea

Crude oil price sinks 5% after Trump eases Iran concerns

Indian oil majors strike it rich again in Abu Dhabi block
Indian Oil–Bharat Petroleum JV makes second oil discovery in Abu Dhabi
The Financial Express

18% of world oil reserves, but 0% risk? 5 reasons why Crisil sees ‘negligible impact’ of Venezuela on India Inc
In the recent past, ever since Trump’s capture of Venezuelan President Nicolas Maduro, there has been a lot of attention on how the Venezuelan crisis will affect India’s global trade. Crisil Ratings, in a recently published report, said that it does not expect the situation in Venezuela to have any adverse material impact on Indian corporates. This has largely been attributed to India’s relatively modest trade ties with Venezuela.

India slips to third as major refiners tap the brakes on Russian crude
India slips to No 3 in Russian oil imports as Reliance Industries, PSU refiners cut crude buys
The Financial Express

Venezuela turmoil unlikely to impact global crude prices or India: Crisil Ratings

Oil hits 2-month high amid Iran turmoil

Maruti Suzuki joins hands with Indian Oil for vehicle service facilities at fuel retail outlets
Maruti Suzuki, Indian Oil tie up to set up service facilities at fuel stations
The Hindu Business Line

Chairperson, PNGRB Launches National Drive 2.0 for THINK Gas to accelerate PNG and CNG adoption
 

India powers past records as fuel exports hit historic high in 2025
 

Vitol, Trafigura offer Venezuelan oil to Indian, Chinese refiners for March delivery: Report

Trump’s oil grab is a big problem for the OPEC cartel
 

US oil industry rebels at Trump’s $100 billion Venezuela pitch
 

Shifting away from Russian oil imports currently won’t hurt India fiscally