Indian refiners are likely to import 2-2.2 million barrels per day of Russian crude oil in June - the highest in the last two years and more than the total volumes bought from Iraq, Saudi Arabia, the UAE and Kuwait, preliminary data by global trade analytics firm Kpler showed.
Three Taliban militants have been given a death sentence by a Pakistani court for attacking trucks carrying critical supplies for NATO troops in Afghanistan in 2010.
The 2025 US National Security Strategy marks a major pullback, with America turning backward and effectively allowing China greater dominance in Asia. while long-time partners like India are left to face an increasingly unstable global order largely on their own, observes Rajeev Srinivasan.
US strikes on Iran's three main nuclear facilities have once again raised concerns that Tehran might shut down the Strait of Hormuz - one of the world's most critical chokepoints, through which a fifth of global oil and gas supply flows.
Saturday's drone attack on MV Chem Pluto came amid increasing concerns over various commercial vessels being targeted reportedly by Iran-backed Houthi militants in the Red Sea and Gulf of Aden amid the Israel-Hamas conflict.
Most of India's oil supplies are expected to stay safe because of the country's good relations with both Russia and Iran. That would take care of over a third of India's supplies.
A French Navy has rescued eleven Indian sailors from suspected pirates at the mouth of the Gulf of Aden. According to a media release of the Embassy of France in New Delhi, the rescue operation took place on January 18 off the coast of Oman.
'If attacks escalate, there is a risk the Suez Canal may be closed.'
The Indian Navy's 'mission deployed' guided missile destroyer INS Visakhapatnam responded to the attack within an hour of receiving a distress call from the vessel Genco Picardy, they said.
Navy officials on Monday said that the swift response by the Indian Navy's mission deployed warship INS Sumitra ensured the safe release of the hijacked vessel and its crew.
In a statement issued on Saturday, Austin said that the US and the UK also received support from Australia, Bahrain, Canada, Denmark, the Netherlands and New Zealand in conducting the additional strikes.
The Tehrik-e-Taliban Pakistan has taken responsibility for the attack on NATO supply trucks in Sindh, which claimed 5 lives on Friday. The TTP has warned that such attacks will continue till Pakistan blocks the supply line to Afghanistan for NATO trucks.On Friday, nearly 12 Taliban militants blocked a road at Shikarpur Sindh and stooped the NATO tankers. After chasing away the drivers, they set nearly 35 tankers on fire. Some of the tankers were destroyed completely.
India's crude oil imports from Russia fell for a second straight month in January to its lowest in 12 months but the nation's insatiable appetite for Russian crude remains for the long term, according to data from energy cargo tracker and industry officials. Russia supplied 1.2 million barrels per day of crude oil to India in January, down from 1.32 million barrels in December and 1.62 million barrels in November 2023, according to data from energy cargo tracker Vortexa. Russia however continues to remain India's top oil supplier, accounting for a little less than a quarter of 4.91 million barrels a day of oil that the world's third largest energy consumer imported in January.
The Indian Navy continues to monitor the situation very closely with all stakeholders and remains committed to ensuring the safety of merchant shipping in the region, it said in a statement.
State-owned Indian Strategic Petroleum Reserves Ltd (ISPRL), which operates India's strategic crude oil storage, will make awards by December to lease around 1 million tons of crude oil storage space (7.3 million barrels) at two of the country's three existing Strategic Petroleum Reserves (SPRs), around a fifth of the total SPR capacity. This will enable the refilling of crude caverns even as escalating hostilities in the Gulf threaten disruptions in crude supplies, two industry sources said.
Indian Navy on Wednesday said its ships and aircraft remain 'mission deployed' for maintaining enhanced surveillance and undertaking maritime security operations.
US-led NATO forces are facing a tough time in Afghanistan after Pakistan blockaded the main supply route and the Taliban stepped up attacks on vehicles and oil-tankers carrying essentials with nearly 60 trucks being destroyed in last three days.
The banned Baloch Liberation Army (BLA) claimed responsibility for the attack, saying the blast was a suicide attack targeting a convoy of Chinese engineers and investors leaving the Jinnah International Airport.
Singh said India has intensified patrolling of the seas after the recent attacks on merchant navy ships.
The oil industry experienced three upheavals between 1973 and 1991, which seem to be etched in the memory of the industry's decision makers. Naturally, at the sign of a new crisis, the decision makers like to dip into those tumultuous decades to find ways to deal with the new shock, in addition, of course, to expert reports and forecasts. So, the industry bigwigs turned the pages of history to get a peek into the future of oil price movements after Russia invaded Ukraine in 2022, Israel attacked Gaza in 2023, Iran-linked Houthi rebels pounded tankers crossing the Red Sea in support of Palestine the same year, and Iran rained missiles on Israel in 2024.
India on Thursday said it is closely watching the unfolding situation in the Red Sea, amid growing global concerns over Houthi militants stepping up attacks on several commercial ships in the region.
The Indian Navy rescued an Iranian-flagged fishing vessel with 19 Pakistani crew members and a Sri Lankan trawler in two swift operations after armed pirates hijacked the boats in the Arabian Sea amid deteriorating security situation arising out of Iran-backed Houthi rebels targeting various cargo ships in the region.
Trump has a major decision to take in coming days -- specifically, how to rescue Israel from the attritional war that lies ahead, points out Ambassador M K Bhadrakumar.
At least six people were killed and 27 tankers of the North Atlantic Treaty Organisation were set on fire during an attack by suspected militants on an oil depot close to Islamabad. According to the BBC, dozens of tankers were being filled with fuel for NATO troops in Afghanistan when the attack took place on Monday morning."Between 10 to 12 men armed with automatic weapons stormed the depot from two sides. They opened indiscriminate fire on the tankers," said an official.
A year after a Hamas attack against Israel on October 7 and the ensuing Israeli invasion of the Gaza Strip, India's trade with most West Asian countries has largely escaped any major disruption, except with countries like Israel, Lebanon, and Jordan. However, repeated flare-ups of geopolitical tensions in the region continue to drive up shipping and logistics costs.
The apex body of petroleum workers in Assam on Thursday said it has stopped transportation of fuel to Meghalaya, following reports of attacks on vehicles from Assam in the backdrop of violence along the inter-state border that left six people dead.
The Navy deployed a warship, maritime patrol aircraft P-8I, helicopters and and MQ9B Predator drones to assist the vessel, MV Lila Norfolk, after it sent a message on the UK Maritime Trade Operations portal, saying unknown armed personnel had boarded it on Thursday evening.
The Indian Navy has deployed task groups comprising frontline destroyers and frigates in the central and north Arabian Sea and augmented its force levels in the region to undertake maritime security operations in view of recent attacks on commercial vessels in key shipping lanes.
Terrorists torched 10 tankers carrying oil for North Atlantic Treaty Organisation forces in Afghanistan in southern Pakistan, injuring five persons including the vehicles' drivers, police and witnesses said on Monday.
A driver who accidentally hits a person and subsequently informs the police or takes the victim to the nearest hospital will not be prosecuted under the stringent provisions of the recently enacted Bharatiya Nyaya Sanhita (BNS), a senior government functionary said on Tuesday.
Using rocket launchers and submachine guns, suspected Somali pirates abducted 17 Indian and five Italian sailors after hijacking a large Italian-flagged oil tanker in the Indian Ocean.
The Jhargram train attack that killed at least 75 people on Friday is the latest of the over 65 Maoist attacks in the past one year that have targeted the railways. The Left-wing extremists have carried out four attacks on railway properties in May alone. On May 19, they triggered a landmine blast on railway tracks near Jhargram in West Midnapore district, injuring two drivers of a goods train and leaving the engine partially damaged.
All 23 Indian sailors aboard an oil tanker were safe on Wednesday after the Nigerian navy rescued their vessel that was hijacked briefly by pirates off the coast of southern Nigeria.
In the third such attack in over two weeks in the Gulf of Guinea, the Singapore-owned vessel, MT Abu Dhabi Star, was taken over by pirates on Tuesday night when it was sailing towards the open sea.
Drivers of commercial vehicles, including trucks and tankers, stopped work in several states on Monday and blocked roads at some places to protest against the provision in the new penal law regarding hit-and-run accident cases involving motorists.
Indian Navy's elite marine commandos on Friday rescued 21 crew members including 15 Indians from a bulk carrier in the North Arabian Sea and sanitised it in a swift operation while responding to an attempted hijacking of the Liberian-flagged vessel by around five-six armed personnel.
Meghalaya Chief Minister Conrad Sangma on Thursday said Union Home Minister Amit Shah has given firm assurances at a meeting held in Delhi of acting on his request for a Central Bureau of Investigation (CBI) probe into the 'firing by Assam Police' along the states' border.
The Indian Navy, which regards itself as the 'net security provider' in the Indian Ocean Region, has also stepped up to the plate, with a warship stationed at all times off the Gulf of Aden for counter-piracy tasks. 91 Indian warships have been deployed in the region since 2008, patrolling high risk areas where piracy was rampant.
Top losers in the Sensex pack included IndusInd Bank, Bharti Airtel, Tata Motors, Axis Bank, Kotak Bank, Bajaj Auto, Yes Bank, HCL Tech, HUL and Hero MotoCorp, falling up to 4.36 per cent.
India also went on an overdrive in expanding its military engagement with like-minded countries in its neighbourhood and beyond in the face of China's relentless attempts to become a regional hegemon and establish its primacy in South Asia.
