Air India and Indian Oil Corporation Limited (IOCL) on Tuesday signed a Memorandum of Understanding (MoU) for the supply of Sustainable Aviation Fuel (SAF), marking what both companies described as a major step towards greener air travel in India.

ONGC has launched a campaign to reverse India’s declining oil and gas production by optimizing wells and fast-tracking new discoveries, as the country faces mounting import dependence and geopolitical pressure over Russian crude.

India's equity benchmarks are set to open higher on Monday, buoyed by cooling Russian oil supply concerns after a meeting between the U.S. and Russian Presidents and New Delhi's proposed goods and services tax reforms.

Last week, President Donald Trump announced an additional 25% tariff on Indian exports, citing New Delhi’s continued imports of Russian crude. India is the world’s second-largest buyer of Russian oil after China.

US Treasury Secretary Scott Bessent criticized European countries for purchasing Indian oil products made from Russian raw materials. He also urged EU governments to "do their part" to increase pressure on that country,

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.