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RUSSIA’S SHARE IN INDIA’S OIL IMPORTS FALLS TO NEW LOW Why in the News? Import Shift: Russia’s share in India’s crude oil imports fell below 20% in January 2026, lowest since December 2022. West Asia Rise: India increased sourcing from Saudi Arabia, UAE, Iraq, Kuwait and the U.S. amid geopolitical shifts. SHIFT IN INDIA’S ENERGY …
Read MoreHormuz Tensions Test India’s Energy Security Why in the News ? Escalating conflict involving Iran, the U.S., and Israel has disrupted shipping through the Strait of Hormuz, a key global energy chokepoint. While India has short-term oil buffers and diversified suppliers following the precautionary principle in energy security, prolonged disruption could raise import costs and …
Read MoreIndia’s Strategic Shift in Oil and Gas Amid Strait of Hormuz Crisis Context: India is proactively mapping out alternative routes and oil suppliers due to growing geopolitical tensions in West Asia—particularly the possibility of Iran blocking the Strait of Hormuz. The Ministry of Petroleum and Natural Gas is working with stakeholders to ensure that disruptions …
Read MoreWhy in the news? India’s escalating dependence on imported crude oil, reaching a record high in FY24, impacts economy and government initiatives. source:IE About the Increasing Reliance on Oil Imports: India’s dependence on imported crude oil reached a new peak in the fiscal year 2023-24 (FY24) due to rising demand for fuel and petroleum products …
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