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crude oil

Editor's picks

PM Modi mentions India’s Strategic Petroleum Reserves in his Lok Sabha speech, informs that India has 53 lakh metric tons of SPR to deal...

OpIndia Staff -
To further augment the SPR capacity, the Modi Government in July 2021, had also approved the establishment of two additional commercial-cum-strategic petroleum reserve facilities with a total storage capacity of 6.5 MMT at Chandikhol (4 MMT) in Odisha and Padur (2.5 MMT) in Karnataka, on a Public-Private Partnership mode.
News Reports

LPG-loaded tankers cross Strait of Hormuz to come to India: PM Modi’s diplomatic outreach in West Asia secures Indian interests, again

OpIndia Staff -
In the middle of a critical military and trade crisis, PM Modi’s carefully crafted foreign policy is what is preventing panic and scarcity in the nation. For the Modi government, engaging with partners in West Asia, closer to home, supersedes the game of optics Trump administration is currently engaged in. 
Economy and Finance

From Pakistan to Vietnam: How the Strait of Hormuz crisis is triggering an energy shock across Asia

Dhruv Mishra -
The Strait of Hormuz is one of the most strategically important energy chokepoints in the world. It is Located between Iran and Oman. T
News Reports

LPG, LNG, and the host of other oil products that run the world: Read the differences and how India acquires them

Raju Das -
Natural Gas is compressed by cooling it to 161°C, at which temperature it becomes liquid and called Liquefied Natural Gas. LPG or Liquefied Petroleum Gas is one of the products derived from both crude oil and natural gas.
News Reports

Two oil tankers from Saudi Arabia and Iraq cross the perilous waters of the Strait of Hormuz to reach India

OpIndia Staff -
A VLCC bearing the Indian flag is on its way to Paradip in Odisha, carrying almost two million barrels of Iraqi oil.
Government and Policy

Union Minister Hardeep Puri assures that there is no fuel shortage in the country and that India’s crude oil supply position is secure

OpIndia Staff -
Speaking about the Liquefied Petroleum Gas (LPG) supply in the country, Puri said that the domestic LPG production has increased by 28% in the last five days.
News Reports

First India-bound oil tanker crosses Strait of Hormuz and reaches Mumbai Port amid the ongoing tensions in West Asia; read why two vessels went...

OpIndia Staff -
On 1st March, the Suezmax tanker loaded up with crude oil at Ras Tanura, Saudi Arabia and started its travel after 2 days to India.
News Reports

Strait of Hormuz crisis: How Saudi and UAE pipelines are keeping global oil supplies moving despite rising tensions

Rukma Rathore -
"What really worries me is that it’s not particularly difficult to target those pipelines," stated an expert.
News Reports

Global oil crisis? India has seen it before, and has found ways to procure enough crude to deal with it, even in the 1970s

Divyansh Tiwari -
Moscow's shipments were halted by Western sanctions, but Indian giants such as Reliance's Jamnagar, the world's largest refinery, devoured Urals grade and turned it into aviation fuel that ironically powered Europe's fleets affected by the restrictions, bringing in $6 billion in refined reward.
Opinions

Regardless of what the US claims, India has continued purchasing Russian oil: Read how ‘wherever we find it cheap’ has been India’s consistent policy

Rukma Rathore -
A sovereign nation’s policy works on sovereign interests. Sanctions or tariffs are just geopolitical hiccups that need occasional recalibration and working through. Be it crude oil, Liquefied Natural Gas (LNG), rare earths or any other commodity, the current global order is an intricate mesh of supply chains and logistical mechanics.
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