Indian Prime Minister Narendra Modi and US President Donald Trump at the White House
India welcomes more US oil and gas
Refiners in India are expected to take greater volumes of US oil in the short term at the expense of Russia
Indian refiners increased their crude imports from the US in January, as if in anticipation of President Trump’s move to hike import tariffs and demand reciprocal trade. The country imported 218,400b/d of oil from the US in January compared with 70,600b/d in December, according to data from analytics company Vortexa. The US was fifth-largest supplier of crude to India during the month. 147,800b/d – Increase in Indian imports of US crude in January compared with December “In 2024, India imported around 186,000b/d of crude from the US, which is around 4% of India's crude import basket,” Ivan Mathews, APAC head at Vortexa, told Petroleum Economist. “Indian refiners have been sourcing re
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
