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
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy
