Topic
energy supply
Commodities Russia, Latin America Fill Gap as India's Middle East Oil Imports Fall on Hormuz Disruptions
India's crude oil imports from the Middle East dropped 27% year-on-year in the April-June quarter to 1.55 million barrels per day, constrained by disruptions through the Strait of Hormuz following the US-Israeli attack on Iran. Imports from the CIS, including Russia, surged 8.3% to 2.26 million barrels per day, with Russian crude hitting an all-time high of 2.64 million barrels per day in June. Imports from Latin American suppliers such as Brazil, Venezuela, and Angola also increased, as Indian refiners adapted to supply route disruptions.
Commodities India Lifts Emergency Natural Gas Curbs After Strait of Hormuz LNG Shipments Resume
The Indian Ministry of Petroleum and Natural Gas has withdrawn emergency provisions under the Natural Gas (Supply Regulation) Order, 2026, which had allowed prioritised allocation of domestic gas and imported LNG. The curbs were imposed in March 2026 following disruptions to LNG shipments via the Strait of Hormuz. Their removal follows a ceasefire in the West Asia conflict that has restored LNG flows through the strategic waterway.
Commodities How Venezuela’s Strongest Earthquake in a Century Could Disrupt India’s Crude Oil Imports
Venezuela was hit by its strongest earthquakes in over a century, with magnitudes 7.2 and 7.5, causing widespread damage. While oil infrastructure largely escaped major structural damage, the power grid has been disrupted, raising uncertainty over production. India, which has sharply increased crude imports from Venezuela in recent months, faces potential supply risks.
Commodities Coal India Boosts Supplies Amid Record Power Demand
Coal India has increased coal supplies to power plants as India's power demand hits a record high due to an intense heatwave. The company is using all transport modes to maximize dispatches.