June 2026

At Reliance Industries’ 48th AGM, Anant Ambani said global energy markets faced supply disruptions, trade shifts and petrochemical overcapacity, but Reliance delivered strong performance. He announced ₹75,000 crore investments in new projects, highlighted Hazira’s upcoming carbon fibre facility, and stressed E&P’s role in India’s energy security. Mukesh Ambani called India’s rise unstoppable, even as Reliance…

Indian refiners are increasing U.S. crude oil purchases this month due to competitive prices, potentially reducing the trade deficit amid U.S.-India trade tensions. Indian Oil Corp, Bharat Petroleum Corp, and Reliance Industries have collectively bought millions of barrels of U.S. West Texas Intermediate crude.

Reliance Industries faces scrutiny at its annual meeting as US tariffs loom over India’s Russian oil imports. Mukesh Ambani’s company, a major buyer of Russian crude, navigates a delicate balance between strategic deals and potential US sanctions. While Ambani will likely highlight digital and renewable energy ventures, the Russia issue will remain a key concern.

India is poised to increase its Russian oil imports in September due to discounted prices and refinery outages in Russia caused by Ukrainian attacks. Despite U.S. tariffs and EU price caps, India continues to rely on Russian crude, benefiting from cheaper supplies while facing international scrutiny.

Former RBI Governor Raghuram Rajan has urged India to reconsider Russian oil imports after the Trump administration imposed 50% tariffs on New Delhi’s purchases. Rajan said refiners benefit from profits but exporters bear the tariff cost, calling the move a “wake-up call” for India to diversify trade and reduce reliance on any single partner.

Shell India launches its new brand film, ‘Shell Chale Ban Ke Saathi’. The film marks almost a century of Shell’s presence in India. It highlights Shell’s commitment to India’s energy needs since 1928. The film showcases Shell’s evolution, values, and partnerships. Shell aims to power progress together and build a lower-carbon future. Shell reaffirms its…