India Drives Global Oil Demand in 2025, Peak Delayed to 2030s
2025 saw a major shift as oil demand surged, defying peak predictions. India emerged as the top growth engine, reshaping global energy dynamics. Read the full analysis.
2025 saw a major shift as oil demand surged, defying peak predictions. India emerged as the top growth engine, reshaping global energy dynamics. Read the full analysis.
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New US sanctions on Russian oil firms leave 48 million barrels stranded at sea, forcing Asian buyers like India to seek urgent alternatives. Discover the market impact.
India purchased $2.9 billion worth of Russian crude oil in October, maintaining its position as second-largest buyer globally. Read how sanctions are impacting imports.
Global oil market tilts toward oversupply as production growth outpaces consumption despite rising Chinese demand. IEA projects 4 million bpd surplus by 2026. Read the full analysis.
India maintained vegetable oil imports at 16.3 million tonnes in 2024-25. Soybean oil hit record highs while palm oil declined sharply. Explore the shifting import patterns.
Global crude oil markets experience significant oversupply, particularly in the Americas. US exports hit highest since July 2024, while market structure indicates weakening demand. Read analysis.
India initiates refilling its strategic petroleum reserves as global crude prices hover near multi-month lows, securing energy supplies ahead of expected price surges.
India's top refiners plan dramatic reduction in Russian crude imports, exploring alternative suppliers amid changing global energy dynamics. Major shift expected from late November.
India dramatically reduces direct Russian crude purchases as US sanctions tighten payment mechanisms. Major refiners shift strategy while maintaining supplies through traders.
US sanctions on Russian oil tankers cause massive drop in shipments to India and China. Discover the global energy dilemma and whether markets can permanently ditch Russian crude.
India's Russian oil imports dropped by 16% in December 2023 as US sanctions disrupted payment mechanisms, forcing refiners to seek alternatives from Middle East suppliers.
OPEC makes strategic move to boost oil production by 137,000 barrels per day starting December, aiming to protect market share as US shale growth shows signs of slowing down.
Turkey dramatically increases non-Russian oil imports as latest Western sanctions bite, reshaping global energy flows and Ankara's trade relationships.
China is rapidly filling its strategic petroleum reserves as global oil prices hit multi-month lows, raising questions about Beijing's energy strategy and market impact. Discover what this means for global energy markets.
Indian Oil Corporation confirms uninterrupted Russian oil purchases from non-sanctioned entities despite Trump's pressure, prioritizing national energy security and economic interests.
India's largest oil company continues Russian crude purchases through non-sanctioned traders, navigating Western pressure while securing energy needs.
India asserts its right to buy Russian oil based on economic needs and market dynamics, responding to recent US sanctions on Russian energy companies. The MEA emphasizes India's national interest comes first.
India responds to US sanctions on Russian oil firms, defends energy imports as crucial for national interest. Trump praises India's strategic positioning.
India's leading refiners Indian Oil and MRPL are actively diversifying oil sources, turning to international spot markets as Russian supplies face payment and shipping challenges. Industry sources reveal strategic moves to secure alternative crude.
HPCL-Mittal Energy Ltd halts Russian crude imports due to payment complications, joining other Indian refiners facing similar challenges with Russian oil deals.