US Pursues Third Oil Tanker Linked to Venezuela

By BPN News Desk December 22, 2025

International

The United States is pursuing a third oil tanker linked to Venezuela as part of an intensified effort to enforce sanctions on the country’s oil exports, a US official said. The operation follows the recent seizure of two other vessels accused of transporting Venezuelan crude in violation of US

National

India Emerges as Key Driver of Global Oil Demand

By BPN News Desk December 21, 2025

Global oil demand is now expected to grow beyond 2030, with India emerging as a major source of this increase, according to the latest energy outlooks. Analysts say shifting energy patterns, slower growth in developed economies, and ongoing reliance on oil are pushing the anticipated global demand peak further into the future. India’s Growing Role […]

International

Oil Set to Close Lower for Second Straight Week

By BPN News Desk December 20, 2025

Global oil prices are on track to finish lower for the second straight week as optimism grows over prospects for a peace deal in the Russia-Ukraine conflict and lingering uncertainty around Venezuelan supply disruption weighs on the market. Brent crude and U.S. West Texas Intermediate (WTI) benchmarks both slipped modestly in recent trading, keeping weekly […]

International

Pakistan Holds Talks With Russia on Oil Cooperation

By BPN News Desk December 16, 2025

Pakistan has initiated discussions with Russia on a possible oil cooperation agreement, as officials from the energy ministries of both countries hold talks to explore deeper collaboration in the sector. Pakistani authorities said the discussions are at an early stage and are focused on assessing the scope and feasibility of long-term cooperation. The talks are […]

International

Russia Assures Uninterrupted Oil Supply To India

By BPN News Desk December 5, 2025

Russia has promised that oil shipments to India will continue without disruption, even as international pressure grows over energy trade with Moscow. President Vladimir Putin conveyed the assurance during his meeting with Prime Minister Narendra Modi, saying Russia remains a dependable energy partner for India. Commitment Despite Global Pressure The pledge comes at a time

International

India Steps Up Tanker Bookings for Middle East Oil

By BPN News Desk November 20, 2025

Indian oil refiners have sharply increased the chartering of crude oil tankers from the Middle East as they brace for potential disruptions in Russian oil supplies. With new U.S. sanctions on major Russian producers set to take effect on November 21, refiners are securing additional vessels for late November and December loading from Saudi Arabia, […]

National

India to Cut Direct Russian Crude Imports from December

By BPN News Desk November 5, 2025

India is set to reduce its direct imports of Russian crude oil from late November and into December, in response to upcoming U.S. sanctions on Russian oil producers Rosneft and Lukoil. According to analysts, Indian refiners who currently handle more than half of the country’s Russian imports are expected to comply with the measures ahead […]

International

India Sees Sharp Drop in Russian Oil Imports After US Sanctions

By BPN News Desk November 4, 2025

India’s imports of crude oil from Russia fell significantly in the week ending October 27, 2025, following the announcement of U.S. sanctions on Russian oil giants Rosneft and Lukoil. Tracking data shows flows dropped to about 1.19 million barrels per day (bpd) from around 1.95 million bpd in the preceding two weeks. Sanctions Trigger Shift […]

International

U.S. Sanctions Unlikely to Make India, China Quit Russian Oil

By BPN News Desk October 30, 2025

The U.S. has imposed new sanctions targeting Russia’s major oil firms Rosneft and Lukoil as part of efforts to reduce Moscow’s revenues amid the Ukraine war. These include restrictions on financial transactions and oil shipments that could affect global crude flows. Impact on India and China While the sanctions may cause short-term disruption, analysts say […]

National

“Why Single Out India?” Goyal Challenges Western Oil Sanction Bias

By BPN News Desk October 25, 2025

Union Commerce and Industry Minister Piyush Goyal has questioned the selective approach of Western nations towards sanctions on Russian oil, asking why India is being singled out. Speaking at a session in Berlin, Goyal pointed out that while European countries, including Germany and the UK, have reportedly secured exemptions from U.S. sanctions on Russian energy, […]