The crude oil market is calm despite U.S. threats to India over Russian oil. Trump imposed tariffs due to India’s oil imports. These tariffs may halt U.S. imports from India. Trump aims to pressure Russia before meeting Putin. India might stop buying Russian oil to avoid tariffs. The market expects India to find alternative oil…
Nobel laureate Abhijit Banerjee suggests India re-evaluate the benefits of cheap Russian oil imports following the US imposition of a 25% tariff on Indian goods, effectively raising duties to 50%. He proposes considering halting Russian oil purchases to potentially negotiate tariff removal with the US, especially given the impact on India’s exports.
Indian refiners, heavily reliant on discounted Russian oil for high distillate yields, face significant challenges if supplies are disrupted. Replacing Russian crude would increase import costs by billions, straining fiscal balances and requiring a diversified, costly supply approach. While technically feasible, shifting away from Russian oil would erode refining margins and misalign product yields.
The Indian government is considering further easing norms for setting up petrol pumps to boost energy security and promote decarbonization. An expert committee has been formed to review existing guidelines and align them with national commitments to alternative fuels and electric mobility.
Nayara Energy, once a symbol of India-Russia cooperation, faces significant challenges due to sanctions and global disruptions following the Ukraine invasion. These hurdles impact its exports, finances, and expansion plans, forcing a shift towards domestic markets and alternative strategies. The company navigates leadership changes and infrastructure concerns amidst potential ownership restructuring.
The Indian Sugar & Bio-Energy Manufacturers Association (ISMA) defends the E20 ethanol blending program, dismissing claims of vehicle engine damage as misleading. ISMA highlights the program’s benefits for farmers, the economy, and the environment, citing successful implementation in Brazil. The initiative is expected to save India a significant amount in foreign exchange by reducing crude…
Manohar Lal Khattar and Jitendra Singh convened a meeting regarding the 100 GW Nuclear Energy Mission. India aims to boost its clean energy sources. The goal is to increase nuclear energy capacity to 22 GW by 2032. The Bharat SMR program saw strong industry interest. The proposal deadline is extended to September 30, 2025.
Union Petroleum Minister Hardeep Singh Puri on Friday outlined India’s progress in clean energy and domestic fuel production while noting the country’s continued reliance on imports. Speaking at the Pioneer Biofuels 360 Summit, he highlighted the expansion of compressed biogas (CBG) and CNG-compatible vehicles, along with 33.5 crore LPG connections, including 10.5 crore under the…
Tata Power, Adani Power, and JSW Energy are facing a dip in India’s power demand during Q1 FY26 due to the early monsoon, which led to reduced power consumption. Despite this, companies anticipate a demand surge later in the year as the monsoon recedes. JSW Energy mitigated risks by linking its plant with JSW Steel.
Union Minister Ashwini Vaishnaw announced a significant financial boost for oil marketing companies. The government will provide Rs 30,000 crore in budgetary support to address under-recoveries. This decision is driven by the current complex geopolitical landscape and the prevailing uncertainties in the oil and gas sector.