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Rakesh Sharma
India’s oil demand growth this year could tumble to its lowest level since the pandemic as the fallout from the Middle East conflict saps fuel consumption.
ASIA PACIFIC
Jun 3, 2026
India’s oil demand growth set for post-pandemic low amid war crunch
India is heavily reliant on imported crude and fuels, and the Iran war has led to surging energy prices that are squeezing state-run refiners and weighing on the broader economy.
A Hindustan Petroleum oil refinery in Mumbai. Executives at four companies that account for more than 80% of India’s oil-processing capacity say they were caught off guard by U.S. President Donald Trump's remarks that the South Asian nation would halt buying Russian crude.
BUSINESS
Oct 17, 2025
India refiners to trim Russia oil buying as Trump sows confusion
India has flip-flopped between defying the U.S. and crimping Russian imports in response to pressure from Washington to cut back.
India's Prime Minister Narendra Modi gestures as he addresses a public gathering during the inauguration of various projects on the outskirts of the city of Varanasi, in the Indian state of Uttar Pradesh, on Saturday.
ASIA PACIFIC / Politics
Aug 4, 2025
India to keep buying Russian oil despite Trump’s 25% tariff blow
India has become one of U.S. President Donald Trump’s top targets as he looks to pressure Russian President Vladimir Putin to end his war in Ukraine.
Oil tanker trucks outside an oil refinery in Mumbai
WORLD / Politics
Feb 13, 2025
India scrambles for Russian oil supplies as sellers play sanctions whack-a-mole
Energy executives say existing networks are being reconfigured with selling entities, tankers and insurance providers that are not on Washington’s blacklist.
Bulk carriers float offshore from Singapore, on Feb. 19.
WORLD
Sep 19, 2024
The shadow fleet transporting sanctioned gas for Russia
In the short term it could provide some wartime profit, but Moscow’s ultimate goal is to triple LNG exports by 2030.
Japan Times
BUSINESS
Feb 6, 2023
Adani’s crisis points to big risk in India’s net-zero plan
Adani’s rapid downfall may undermine investor confidence in India more broadly, threatening to curb capital flows into the nation for green financing.
Japan Times
BUSINESS
Feb 5, 2023
Oil’s new map: How India turns Russian crude into the West’s fuel
New Delhi has faced little public blowback because it’s meeting the West’s twin goals of crimping Moscow’s energy revenue while preventing an oil supply shock.

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The Terasaka Rice Terraces are seen with Mount Buko in the background.
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