India's current account deficit is expected to rise from 0.6% to 1.2% of GDP by FY26, influenced by trade conditions and global commodity prices. The oil trade deficit increased significantly in July 2025,

Russian barrels accounted for 38% of India’s estimated 5.2 million bpd imports in early August, according to analytics firm Kpler. The increase came at the cost of lower imports from Iraq and Saudi Arabia,

India's state-run Bharat Petroleum Corp has awarded a five-month tender for 10 million barrels of U.S. oil to European trader Glencore, two people with knowledge of the matter said, aiding India's efforts to deepen energy ties with Washington.

Parliamentary Committee flags Oil Ministry's delay in auditing India's rising spot crude oil purchases for cost savings.

By the end of this calendar year, IOC will have the capacity to produce 35,000 tonnes per year of SAF from used cooking oil, which will be sourced from large hotel chains, restaurants, and sweets and snacks majors like Haldiram’s,

India’s state-owned oil refiners are pulling back from purchases of Russian crude for now, according to people with direct knowledge of the companies’ procurement plans, as Washington ratchets up the pressure on New Delhi over the flows with a wave of harsh tariffs.

Indian state refiners have started making enquiries with trading firms about purchases of Russia's Urals crude oil as discounts widen, three people with knowledge of the matter said on Thursday, ahead of a high-profile meeting of U.

President Trump accused India of aiding Moscow’s war on Ukraine by purchasing Russian energy, derailing trade talks between India and the United States.