News zum Sektor Energie aus Indien

 

India is one of the world's major consumers of edible oil, with palm oil being the most popular. A significant portion of the country's domestic demand is met through imports, primarily from Malaysia and Indonesia....

India is planning to build three more strategic oil storage facilities to boost its energy security. These new reserves, including facilities in Bikaner, Mangalore, and Bina, will add to the existing capacity of 5.33 million tonnes....

US Senator Lindsey Graham proposes a 500% tariff on countries still trading with Russia, aiming to cripple Putin's war efforts in Ukraine. The bill targets nations like India and China, major buyers of Russian oil. India, now heavily reliant on Russian oil, faces potential tariffs on its exports to the US, despite ongoing trade agreement negotiations....

India has become the primary destination for Russian Urals crude oil in 2025, with private refiners Reliance and Nayara significantly increasing their purchases. Reliance has secured a long-term contract, making Urals a substantial portion of their total crude acquisitions....

India has taken 80% of Russian seaborne exports of its flagship oil grade so far this year, with the country's only two private refineries scooping up a growing portion of the cut-price crude....

Despite escalating Middle East tensions and rising crude prices, experts believe oil supply through the Strait of Hormuz will likely remain unaffected. While India has diversified its oil sources, any disruption could still inflate global prices....

Amidst US-Iran tensions and potential Strait of Hormuz closure, India, importing 2 million bpd through it, feels secure. Diversified sources like Russia, the US, and Brazil offer alternatives. Gas supplies remain unaffected. While near-term oil prices may surge to $80/barrel, India's strategic reserves and alternative sourcing strategies provide a buffer against disruptions, ensuring energy security despite global volatility....

Amidst Iran-Israel tensions, India has significantly increased its Russian oil imports, surpassing combined purchases from Saudi Arabia and Iraq. This shift, driven by discounted prices, sees Russian oil constituting a substantial portion of India's crude imports....

India's top government adviser said rising oil prices are likely to have a limited impact on inflation for now and Asia's third-largest economy remains in a relatively favorable position to weather global risks....

India is preparing to source crude oil from outside the Persian Gulf and cut its own refined-product exports should the Strait of Hormuz be blocked to ship traffic, Oil Minister Hardeep Puri said Thursday....

Union Bank of India (UBI) projects India's current account deficit (CAD) may face pressure in FY25 due to rising global crude prices. A $10 increase per barrel could worsen the CAD by $15 billion annually. While maintaining a 0.9% of GDP forecast for FY25, UBI cautions that geopolitical tensions and commodity prices, especially oil, pose risks....

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India's oil demand is projected to surge by a million barrels per day over the next five years, becoming the primary driver of global demand growth, fueled by a rapidly expanding middle class, urbanization, and industrialization. This increase in consumption will heighten India's reliance on imports, posing challenges to its energy security amidst global market volatility....

Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:...

Following the recent surge in global crude prices due to escalating tensions in the Middle East, Petroleum Minister Hardeep Singh Puri has assured that India possesses sufficient energy reserves for the upcoming months. He highlighted India's diversified energy sourcing strategy, ensuring affordability and sustainability....

India's state-run refiners are planning to order 10 domestically-built vessels to transport fuels around the country as the government pushes ahead with its ambition to expand the shipbuilding industry....

India's top oil suppliers, including Saudi Arabia, Russia, Iraq, and the UAE, have boosted production, directing most of the additional output to India, raising their collective market share to 78%. This surge, exceeding OPEC+'s planned increase, has led to competitive pricing, particularly from Saudi Arabia, impacting global crude prices and intensifying competition for India's growing market....

India's Russian crude oil imports soared to a 10-month high in May, reaching 1.96 million bpd, driven by discounted prices. Russia became India's top supplier, accounting for over 38% of total imports. Despite potential headwinds like increased Russian refinery throughput, Russian crude is expected to maintain a significant share in India's oil import basket....

US-sanctioned tankers have emerged in the complex maritime supply chain that ferries Russian oil to India, raising questions about the Asian nation's stance toward the flows just as imports hit a record....

State-run Oil and Natural Gas Corp.'s quarterly profit missed estimates as crude oil prices slumped and production from aging fields remained subdued....