India’s state-owned oil refiners are pulling back from purchases of Russian crude for now, according to people with direct knowledge of the companies’ procurement plans, as Washington ratchets up the pressure on New Delhi over the flows with a wave of harsh tariffs.

India's state-run Bharat Petroleum Corp has awarded a five-month tender for 10 million barrels of U.S. oil to European trader Glencore, two people with knowledge of the matter said, aiding India's efforts to deepen energy ties with Washington.

If Narendra Modi surrendered to President Trump, how tough would it be to wean his country from Russia’s discounted supply?

A closely-monitored oil market metric that tracks the strength of Middle Eastern crude versus global benchmark Brent underlines the fallout from President Donald Trump’s push against India’s buying of Russian flows.

State-run explorer Oil India reported a sharp drop in first-quarter profit on Tuesday, while falling short of analysts' expectations, due to softer oil prices, even as demand remained upbeat.

Despite better profitability, ONGC has struggled to raise production, with the KG basin ramp-up delayed by an early monsoon. Oil India, meanwhile, has increased production at a 4.3% CAGR over the past three years.

A Bank of Baroda report indicates India's limited exposure to Russian oil export disruptions, estimating an additional $5 billion in annual import expenditure. While India has significantly increased its reliance on Russian oil since 2021-22,

On Tuesday, state-owned Oil India, for the first quarter of FY26, reported a marginal increase of 1.5% in its consolidated net profit at Rs 2,046.5 crore against 2,016.3 crore in Q1FY25. The net profit rose 37% on a sequential basis from Rs 1,