Op-Eds Opinion

India Must Prepare for $200 Oil if the Strait of Hormuz Becomes a War Zone

By BPN News Desk March 7, 2026

The escalating conflict involving Iran has once again placed the Strait of Hormuz at the centre of global attention. Oil markets are already reacting to geopolitical uncertainty, and analysts across the world are warning that a serious disruption in Gulf shipping routes could send crude prices sharply higher. If the conflict spreads into the waters […]

Op-Eds Opinion

Rahul Gandhi Questions Modi’s Oil Policy: Has He Forgotten UPA’s Record of US Pressure?

By BPN News Desk March 7, 2026

Rahul Gandhi’s recent criticism of the government over the United States granting India a 30-day relaxation to purchase Russian oil during the escalating Iran conflict has triggered yet another political debate on India’s foreign policy. The Congress leader accused the government of compromising India’s strategic autonomy. It is a familiar political attack line. Yet before

Op-Eds Opinion

India’s Oil Will Not Run Out in 75 Days. With Partial Imports Continuing, Reserves Could Last Nearly 180 Days. Why Is the Media Pushing Panic Headlines?

By BPN News Desk March 4, 2026

In the past few days, several newspapers and television panels have loudly declared that India has “only 75 days of oil left” if the Strait of Hormuz is disrupted by the ongoing conflict in the Middle East. The headline is dramatic, alarming and perfectly designed to trigger panic. The only problem is that it is […]

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

Op-Eds Opinion

Reliance Gets US Licence For Venezuelan Oil: India Builds A Sanctions-Proof Energy Strategy

By BPN News Desk February 14, 2026

The United States granting Reliance Industries permission to import Venezuelan crude is not just a corporate clearance. It is a quiet acknowledgement of reality. After the Ukraine war pushed India towards discounted Russian oil, Washington has now effectively allowed India access to another sanctioned producer under supervision. The result is not a policy shift by […]

International

India Russian Oil Imports Hit 38-Month Low

By BPN News Desk February 7, 2026

India imports of Russian oil fell sharply in December 2025, reaching the lowest level in more than three years as refiners increased purchases from alternative suppliers. The shift reflects ongoing efforts to diversify sourcing and manage price risks amid evolving global supply dynamics. Russian Oil Imports by India Fall In December 2025 Data showed Russian […]

Op-Eds Opinion

Reliance Buys Venezuelan Oil Why Paying More May Help India

By BPN News Desk February 6, 2026

Reliance Industries recently bought about 2 million barrels of Venezuelan oil after nearly a year without such imports. The cargo comes at a smaller discount than Russian oil, meaning India is knowingly paying more per barrel than it has been used to since the Ukraine war reshaped global energy trade. For a country that prides […]

Op-Eds Opinion

SBI’s Venezuelan Oil Report Does Not Match Trade and Price Data

By BPN News Desk February 4, 2026

India’s crude oil sourcing strategy became a public talking point after statements indicating a possible shift towards Venezuelan oil. Almost immediately, a research note from the State Bank of India argued that such a move could save India nearly $3 billion annually. Given the size of India’s oil import bill and the political sensitivity of […]

International

Trump Says India Will Buy Oil From Venezuela

By BPN News Desk February 2, 2026

U.S. President Donald Trump has said that India will purchase crude oil from Venezuela instead of Iran, indicating a potential shift in India’s energy sourcing under U.S. policy preferences. Trump made the remarks while speaking about sanctions and oil trade arrangements involving Iran and Venezuela. Iran Oil Imports Already Halted India had been a major […]

International

US Allows Oil Companies to Operate in Venezuela

By BPN News Desk January 30, 2026

The United States has issued a general licence allowing American oil companies to operate in Venezuela’s oil sector, easing some restrictions imposed under existing sanctions. The decision marks a shift in Washington’s approach toward the South American nation’s energy industry. What the Licence Permits Under the licence, US oil companies are allowed to export, sell, […]