India's Russian oil imports declined in July after jumping the previous month as some refiners slowed purchases due to smaller discounts, while Indian fuel demand also typically dips during the monsoon season,

Indian Oil Corp. will launch its first sustainable aviation fuel facility this year, producing 35,000 tons annually from waste cooking oil to meet blending mandates and target European markets.

Treasury Secretary Scott Bessent on Tuesday accused India of “profiteering” from Russian crude oil purchases, calling the Narendra Modi government’s policy “unacceptable.” In an interview with CNBC on Tuesday morning,

U.S. Treasury Secretary Scott Bessent on Tuesday accused India of profiteering from its sharply increased purchases of Russian oil during the war in Ukraine, saying Washington viewed the situation as unacceptable.

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.