India imported 176 million tons of thermal coal in 2023, with 26.2 million tons coming from Russia

Reliance has announced billions of dollars worth of investments to develop its green energy portfolio and achieve its 2035 net zero carbon goal

More than 250,000 barrels of US crude are set to arrive in India every day next month, the highest in more than a year

Naval forces shoot down 18 drones and 3 anti-ship missiles, ahead of a UN vote to deter such attacks. Vessel data shows most oil tankers are still using the Suez Canal but container ships are down 28%

India has become the top buyer of seaborne Russian oil, mainly Urals, since Western sanctions were imposed on Moscow over its invasion of Ukraine

The world's No1 and No3 crude importers bought about 110 million barrels of Russian crude in May, up nearly 10% from the previous month

Russia has been diverting oil exports from Europe to Asia as the US and its allies try to choke off its energy revenues to limit its ability to fund the Ukraine war

"All these Arctic crudes usually go to the EU but now they have to go elsewhere," a trader in Singapore said, adding that "Now India and China are their major homes."

The system is ready to be tested after exporters had an importers have opened new bank accounts to enable rupee trade.

Russia accounted for 22% of India's total crude imports last month, supplying 946,000 barrels per day, The Economic Times reported

India’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.

India’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil...