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India’s Crude Oil Import Bill Zooms 48.4% to $74.8 Billion in April-August as Global Prices Surge
India’s Crude Oil Import Bill Zooms 48.4% to $74.8 Billion in April-August as Global Prices Surge
Refiners prioritise affordable crude and supply security Key Highlights India’s dependence on Russian crude oil reached a historic milestone in July 2026, with imports touching a record 2.78 million barrels per day (bpd), according to commodity analytics firm Kpler. For the first time, Russian crude accounted for more than half...
Peace agreement set to be formally signed on June 19 as Strait of Hormuz reopens and energy markets anticipate relief. Key Highlights The United States and Iran have reached a landmark peace agreement aimed at ending a four-month conflict that rattled global energy markets and heightened fears of a broader...
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