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India Targets Import Cuts With Historic Oil and Gas Drilling Campaign March 25, 2026
India’s ONGC plans to invest between $18 and $20 billion on new oil and gas drilling to strengthen the country’s energy security, the Economic Times has reported, citing unnamed sources. The money will be used to hire drilling rigs for what is seen as the biggest drilling campaign ever, the report noted, adding that the […]
Europe Faces Looming Fuel Shortages as Shell Warns of April Crunch March 25, 2026
Europe could experience energy shortages before the end of April, the chief executive of Shell has warned. Jet fuel supply has already tightened, and a diesel squeeze could be next, with gasoline supply tightening as well, as the continent nears peak fuel demand season in the summer, Wael Sawan said, as quoted by Reuters. “South […]
India Snaps Up 60 Million Barrels of Russian Crude for April Delivery March 25, 2026
Indian refiners have struck deals for the purchase of some 60 million barrels of Russian crude oil, to be delivered in April, Bloomberg reported today, citing unnamed sources familiar with the developments. The cargoes were snapped at premiums of between $5 and $15 per barrel, the sources noted, suggesting the thirst for Russian oil in […]