India has sharply increased its crude oil imports from the United States and Brazil in the first half of 2025, marking a strategic deepening of ties with non-OPEC suppliers amid heightened global volatility and supply risk recalibrations.
Global crude benchmarks edged sideways in early-morning trading on Monday as the oil market awaited an official statement from President Donald Trump, expected to address U.S. energy policy, including possible changes to sanctions enforcement and Strategic Petroleum Reserve (SPR) management.
Curious Minds Corner
How long is the “cooking time” for nature to create oil and gas?
It’s a slow geological process taking tens to hundreds of millions of years under specific underground conditions.