Indian Crude Near $137 Amid Gulf Conflict

By BPN News Desk March 17, 2026

National

India’s crude oil basket has surged sharply since the Gulf conflict began, climbing to about $137 a barrel and sharply increasing pressure on refiners, import costs and the broader economy. The spike reflects tighter global supply, disruption around the Strait of Hormuz and a rapid rise in

Business Markets

Sensex Slides As Nifty Extends Third-Day Fall

By BPN News Desk March 13, 2026

Indian equity benchmarks fell for a third straight session on Friday as rising crude oil prices, West Asia tensions, and weak global cues continued to weigh on investor sentiment. The Sensex dropped sharply during the day and closed lower by more than 1,300 points, while the Nifty ended near 23,350, marking one of the market’s […]

International

Oil Prices Jump After Tanker Attack Reports

By BPN News Desk March 12, 2026

Oil prices jumped sharply after reports of tanker attacks near Iraq added fresh fears over supply disruption in an already volatile Middle East market. The rise came as traders reacted to growing risks to shipping routes and export infrastructure, with Brent crude briefly climbing back above the $100-per-barrel mark before easing from intraday highs. Oil […]

National

India Signals Interest In More Russian Oil

By BPN News Desk March 4, 2026

India Signals Interest In More Russian Oil Imports India has reportedly signaled renewed interest in increasing crude oil imports from Russia as geopolitical tensions rise following the crisis involving Iran. Russian officials said they are receiving indications that Indian buyers may seek higher volumes of Russian crude amid concerns about potential disruptions in global

International

India’s Russian Crude Imports Fall in December

By BPN News Desk January 14, 2026

India’s imports of Russian crude oil fell sharply in December 2025, dropping about 29% compared with November, reaching their lowest levels since the global price cap on Russian oil was implemented. The decline was reported by energy analysts tracking shipment data. Refiners Reduce Purchases The drop was driven mainly by major refiners cutting back on […]

Business

RIL Stops Russian Crude Imports For Export Refinery

By BPN News Desk November 21, 2025

Reliance Industries Ltd (RIL) has stopped importing Russian crude oil for its export-oriented refinery at the Jamnagar SEZ in Gujarat. The company confirmed that from November 20, 2025, no Russian-origin crude will be processed at the unit, and from December 1, all export products will be made only from non-Russian crude to comply with European […]

International

Oil Posts Sharpest Weekly Drop in Months

By BPN News Desk October 3, 2025

Oil prices ended another volatile week, heading for their steepest weekly fall in about three and a half months. The Brent crude benchmark fell close to 8 %, while U.S. WTI crude dropped around 7.3 %. Factors Driving the Slide The sharp decline has been fueled by growing expectations that OPEC+ will further boost production […]

Government Policies National

Washington Can’t Match Moscow’s Oil Bargain for India

By BPN News Desk September 15, 2025

For weeks, Washington has been trying to strong-arm New Delhi into abandoning cheap Russian crude and turning instead to American barrels. Sergio Gor, Trump’s nominee for U.S. Ambassador to India, openly declared that India should open its market to U.S. crude, petroleum, and LNG. Commerce Secretary Howard Lutnick went further, threatening India with higher tariffs […]

Breaking Down The News Opinion

Breaking Down The News: Ukraine Runs on Russian Crude, But Indian Refineries Get the Blame

By BPN News Desk September 3, 2025

Ukraine today finds itself in an extraordinary irony. On the battlefield and in civilian life, diesel is the fuel that keeps the country running. Yet with its own refineries crippled by Russian missile strikes, Kyiv has become almost entirely dependent on imports to meet its needs. In July 2025, India suddenly emerged as Ukraine’s largest […]

Op-Eds Opinion

From Brazil to Bharat: Why India’s E20 Gamble is Built on Half-Truths

By BPN News Desk September 1, 2025

India’s government has hailed the rollout of E20 petrol — a blend of 20 percent ethanol with petrol — as a “historic step” towards energy independence and climate responsibility. But on the ground, the reality is less inspiring. Drivers are confused, manufacturers have made U-turns in their statements, and complaints about mileage and performance are […]