Topic
energy trade
Commodities India's renewable energy boom could make Germany a customer for green hydrogen
German ambassador Philipp Ackermann said Germany could become a buyer of Indian green hydrogen, highlighting the renewable energy partnership. The collaboration includes an MoU between ThyssenKrupp and BHEL for electrolyzer localization and a focus on AI and the India-EU FTA.
Commodities Reverse Oil Flow: India Supplies Gasoline to Russia as War Cripples Refineries
India has supplied gasoline to Russia for the first time, with Nayara Energy dispatching 60,000 metric tons of gasoline. The reverse flow follows Ukrainian drone attacks that have crippled over 40% of Russia's refining capacity, forcing Moscow to import gasoline even as it remains a major crude exporter. Oil minister Hardeep Singh Puri clarified that Indian companies are not directly selling to Russia; the gasoline was purchased from international traders.
Commodities Fuel-hit Russia bought gasoline produced by India’s Nayara Energy via traders: Report
Russia has reportedly bought gasoline produced by India's Nayara Energy via international traders to address fuel shortages caused by Ukrainian attacks on its energy infrastructure. The refiner, 49% owned by Rosneft, has not confirmed the deal. At least 60,000 metric tons of gasoline have been shipped from India to Russia.
Logistics Strait of Hormuz traffic picks up again as supertankers return after attacks
The Strait of Hormuz is seeing a revival in traffic after a tense period of attacks and retaliatory strikes. Around 24 vessels passed through on Monday, including supertankers from Sinokor and Bahri, capable of carrying up to 9 million barrels of crude. The movement follows US strikes on Iran and a halt in hostilities ahead of peace talks.
Commodities Qatari crude oil returns to Asian market as Strait of Hormuz reopens for trade
Qatar has resumed crude oil exports to Asia for the first time since the Iran war began, with Al-Shaheen grade sold to Formosa Petrochemical Corp and Indian refiners. The Strait of Hormuz is seeing increased tanker traffic following a US-Iran deal, though exports remain well below pre-war levels. Oil futures edged up after a attack on a cargo ship raised safety concerns.
Commodities Middle East conflict forces India to diversify LPG imports as OMCs absorb price shocks
The Middle East conflict prompted India to significantly diversify its LPG imports, reducing dependence on the Gulf from 90% to about one-third from the US. State-run oil marketing companies absorbed much of the global price rise, leading to under-recoveries of nearly Rs 22,000 crore between March and May. LPG consumption fell sharply, especially among commercial and industrial users.
Commodities Strait of Hormuz Reopens but Gas Prices Unlikely to Recover Soon, Experts Warn
President Trump signed an MOU with Iran reopening the Strait of Hormuz, but experts warn that US gas prices, which have jumped over 35% since late February, will not recover soon. The strait remains mined, shipping is risky, and oil production infrastructure needs time to restart.
Commodities Indian refiners in no hurry to return to West Asian oil as Hormuz reopens despite ceasefire
Indian state-run refiners have enough crude for two months and are in no rush to resume West Asian purchases despite the Strait of Hormuz reopening after a US-Iran interim peace deal. They are weighing cheaper Russian crude and higher freight costs, with long-term supply commitments yet to be confirmed.
Trade India's Energy Shift: Russian Crude and US LPG/LNG Imports
India continues to import significant amounts of Russian crude oil despite US pressures, while increasing LPG and LNG imports from the US. Geopolitical tensions and economic factors drive these energy trade decisions.
Trade Venezuela's Rodriguez to Boost Oil Trade with India
Venezuela's interim President Delcy Rodriguez is set to visit India to discuss increasing oil imports amid Middle Eastern supply issues. Talks will cover energy, trade, and investment.