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UAE to store 30 million barrels in India’s Strategic Petroleum Reserve after Modi visit

UAE to store 30 million barrels in India’s Strategic Petroleum Reserve after Modi visit

After Prime Minister Narendra Modi’s visit, India and the UAE struck a slate of deals announced by Foreign Secretary Vikram Misri in Abu Dhabi. The biggest energy move: the UAE will store up to 30 million barrels of crude oil in India’s Strategic Petroleum Reserve to bolster energy security. Alongside, UAE-linked investments worth $5 billion were committed, spanning banking and infrastructure funding. The agreements also cover strategic gas reserves, defense manufacturing cooperation, shipyard projects, and an 8-exaflop supercomputing facility for India’s AI push.

Summarised by Beize from a story on Republic on 16 May 2026
Modi UAE visit seals defence and energy pacts including UAE support for India’s strategic petroleum reserves

Modi UAE visit seals defence and energy pacts including UAE support for India’s strategic petroleum reserves

Prime Minister Narendra Modi’s visit to Abu Dhabi ended with multiple agreements covering defence cooperation, energy security and industrial infrastructure. India and the UAE agreed on a framework for a strategic defence partnership, signed an MoU on strategic petroleum reserves, and finalized LPG supply arrangements to bolster energy security. The UAE also announced $5 billion in investments in Indian infrastructure and financial institutions including RBL Bank and Samman Capital. Modi urged dialogue to manage West Asia tensions and stressed keeping the Strait of Hormuz open.

Summarised by Beize from a story on The Economic Times on 15 May 2026

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Modi in UAE promises full support for West Asia peace as UAE faces Iranian strikes after talks

Modi in UAE promises full support for West Asia peace as UAE faces Iranian strikes after talks

Prime Minister Narendra Modi met UAE President Sheikh Mohamed bin Zayed Al Nahyan in Abu Dhabi, pledging India’s “all possible support” to bring peace in West Asia shortly after arriving for his five-nation tour. Modi condemned attacks on the UAE while praising the country’s restraint. Discussions are expected to center on the India-UAE Comprehensive Strategic Partnership, with energy security likely taking center stage amid concerns over oil supplies and maritime trade routes, alongside wider regional geopolitical shifts.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Modi in UAE Secures LPG and Expanded Strategic Oil Reserves MoU with ADNOC

Modi in UAE Secures LPG and Expanded Strategic Oil Reserves MoU with ADNOC

Prime Minister Narendra Modi’s UAE visit delivers two energy pacts aimed at strengthening India’s fuel safety net. India’s IOCL agreed with ADNOC for expanded, long-term LPG shipments, building on the UAE’s role as nearly 40% of total LPG supply. In parallel, ISPRL and ADNOC will expand underground strategic crude storage, extending their 2018 Mangaluru partnership. The deals come as Strait of Hormuz disruptions raise global oil pressure, and the UAE’s OPEC+ exit helps enable direct contracts.

Summarised by Beize from a story on Republic on 15 May 2026
Iran war energy shock pushes India to expand ethanol plans and rethink fuel compatibility for millions

Iran war energy shock pushes India to expand ethanol plans and rethink fuel compatibility for millions

As the Iran war disrupts shipping through the Strait of Hormuz, India and parts of Southeast Asia are accelerating biofuel adoption to curb expensive imported oil and LPG. In New Delhi, consumers report LPG delays and black market prices soaring threefold. In Chennai, drivers complain that ethanol-blended gasoline is worsening car mileage as ethanol becomes the default blend at pumps. India is weighing higher ethanol blends up to 85% or even 100%, while experts warn supply-chain delays and food-versus-fuel environmental impacts.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Lavrov Warns US Is Trying to Seize Global Energy Routes as Russia Vows India Will Be Unaffected

Lavrov Warns US Is Trying to Seize Global Energy Routes as Russia Vows India Will Be Unaffected

Russian Foreign Minister Sergey Lavrov told RT India that India’s interests in Russian energy supplies will not be affected, even as he accused the United States of “unfair competition.” Ahead of a visit for the BRICS Foreign Ministers’ Meeting, Lavrov alleged Washington seeks to dominate and “seize all energy routes” globally, pressuring countries that maintain ties with Russia. He also criticized Europe for dropping Russian contracts, arguing bans are politically driven and will force higher-cost imports of US LNG.

Summarised by Beize from a story on Republic on 14 May 2026

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Modi kicks off five nation tour tomorrow with UAE energy talks and Europe trade push in high gear

Modi kicks off five nation tour tomorrow with UAE energy talks and Europe trade push in high gear

Prime Minister Narendra Modi will begin a five-nation tour from 15 to 20 May, starting in the UAE before moving to the Netherlands, Sweden, Norway, and Italy. MEA Secretary (West) Sibi George said the agenda is built around strengthening the Comprehensive Strategic Partnership with the UAE and expanding cooperation in energy, defence, and technology. The Netherlands leg highlights semiconductors and IMEC, while Norway and the Nordic summits focus on the Blue Economy, AI, resilient supply chains, and the green transition.

Summarised by Beize from a story on The Economic Times on 14 May 2026
State oil firms face Rs 1,700 crore daily losses as fuel prices stay frozen for 10 weeks

State oil firms face Rs 1,700 crore daily losses as fuel prices stay frozen for 10 weeks

State-owned oil marketing companies are bleeding under massive losses to keep petrol, diesel and cooking gas rates far below cost after the Middle East conflict began. Estimates put under-recoveries at Rs 1,600–1,700 crore per day, pushing total losses to well over Rs 1 lakh crore in just 10 weeks. Even with input crude prices up by about 50%, petrol and diesel are still sold at two-year-old rates, forcing financial pressure, possible extra borrowing and potential future price hikes.

Summarised by Beize from a story on The Economic Times on 14 May 2026
Modi Launches Five-Nation Energy Security Sprint Across Europe and the UAE

Modi Launches Five-Nation Energy Security Sprint Across Europe and the UAE

Prime Minister Narendra Modi will travel May 15-20 to the UAE, Netherlands, Sweden, Norway, and Italy in a tightly timed push for energy security amid West Asia tensions and the closure of the Strait of Hormuz, which has rattled global fuel markets. The tour starts in Abu Dhabi for energy-focused talks with UAE President Mohamed bin Zayed Al Nahyan. It then moves to the Netherlands for broader strategic cooperation, and to Sweden and Norway for the 3rd India-Nordic Summit on green hydrogen, the blue economy, and Arctic ties.

Summarised by Beize from a story on Republic on 14 May 2026
India keeps fuel flow steady as two LPG ships cross Hormuz in West Asia crisis

India keeps fuel flow steady as two LPG ships cross Hormuz in West Asia crisis

Two LPG cargo vessels carrying supplies for India have safely crossed the Strait of Hormuz and are expected to reach Indian ports in the coming days. The move comes amid an ongoing West Asia crisis, highlighting the Centre’s push to protect energy deliveries and keep fuel supply uninterrupted even as regional risks remain elevated.

Summarised by Beize from a story on Republic on 14 May 2026

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India geothermal potential 11000 GW could power clean future and 700000 jobs

India geothermal potential 11000 GW could power clean future and 700000 jobs

India’s geothermal resources are estimated at 11,000 GW, with the potential to support electricity, cooling, and industrial heat while creating up to 700,000 jobs. After slow progress in the past, new technologies and policy momentum are making large-scale geothermal projects more realistic. Geothermal could also strengthen energy security with minimal environmental impact and independence from weather swings.

Summarised by Beize from a story on The Economic Times on 14 May 2026
Jaishankar says BRICS could steady energy food fertilizer and health security worldwide

Jaishankar says BRICS could steady energy food fertilizer and health security worldwide

External Affairs Minister S Jaishankar said BRICS can help countries struggling with energy supplies, food and fertilizer availability, and health security. His remarks came as the bloc meets amid geopolitical conflict and economic uncertainty. Emerging markets are looking for BRICS to stabilize conditions while talks cover development, resilience, climate, technology, and shared security priorities including counterterrorism.

Summarised by Beize from a story on The Economic Times on 14 May 2026
India fast tracks Oman to Gujarat subsea gas pipeline to blunt Hormuz chokepoint risks

India fast tracks Oman to Gujarat subsea gas pipeline to blunt Hormuz chokepoint risks

India is fast-tracking a deep-sea gas pipeline linking Oman to Gujarat, aiming to secure steadier supplies and cut dependence on volatile LNG markets. The roughly ₹40,000 crore project is expected to take 5 to 7 years and is designed to reduce India’s exposure to maritime choke points, including risks highlighted by disruptions around the Hormuz Strait.

Summarised by Beize from a story on The Economic Times on 14 May 2026
Rs 37.5k crore coal gasification plan cleared with tight caps on incentives and milestones

Rs 37.5k crore coal gasification plan cleared with tight caps on incentives and milestones

India has cleared a Rs 37.5k crore coal gasification scheme aimed at boosting energy security. Support to developers will cover up to 20% of plant and machinery costs via competitive bidding, with incentives released in four equal, milestone-linked instalments. The scheme also sets strict ceilings: Rs 5,000 crore per project, Rs 9,000 crore per product (with exceptions), and Rs 12,000 crore per entity group.

Summarised by Beize from a story on The Economic Times on 13 May 2026

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Modi UAE visit may unlock LPG and strategic oil reserves pacts that reshape India energy security

Modi UAE visit may unlock LPG and strategic oil reserves pacts that reshape India energy security

Prime Minister Narendra Modi’s upcoming visit to the UAE is expected to focus on energy security, with sources pointing to likely agreements on Liquefied Petroleum Gas and Strategic Petroleum Reserves. The cooperation comes as the UAE moves on from OPEC+, and officials say the talks will also strengthen trade and investment while addressing priorities for the Indian diaspora.

Summarised by Beize from a story on The Economic Times on 13 May 2026
India absorbs Hormuz oil shock with emergency measures while crude prices nearly double

India absorbs Hormuz oil shock with emergency measures while crude prices nearly double

The Strait of Hormuz closure earlier this year triggered severe global disruption, cutting off a key route for oil supplies and exposing vulnerabilities in oil-importing nations. India shielded consumers from fuel price spikes by deploying emergency steps, diversifying sourcing, and using subsidies, even as crude prices surged and oil firms reported major losses.

Summarised by Beize from a story on Republic on 12 May 2026
Coal gasification could shield India from future energy shocks and cut import dependence

Coal gasification could shield India from future energy shocks and cut import dependence

Experts say India should rapidly expand domestic coal gasification to reduce vulnerability to global energy shocks. By converting dry coal into syngas, the process can support alternative fuel use while lowering carbon emissions. The move is also framed as a step toward energy security and import substitution, with downstream benefits for critical sectors such as fertilizers.

Summarised by Beize from a story on The Economic Times on 12 May 2026
Modi urges fuel cuts and energy security but adds surprising one year lifestyle pause

Modi urges fuel cuts and energy security but adds surprising one year lifestyle pause

Prime Minister Narendra Modi urged Indians to conserve fuel to strengthen energy security, calling for less petrol and diesel use through public transport, carpooling, and electric vehicles. He also asked citizens to delay gold purchases and foreign travel for a year. Mahindra Group CEO Anish Shah praised the move, saying it can speed the shift to cleaner energy.

Summarised by Beize from a story on The Economic Times on 11 May 2026

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Uttar Pradesh power turnaround delivers near round the clock electricity to meet record demand

Uttar Pradesh power turnaround delivers near round the clock electricity to meet record demand

Uttar Pradesh has flipped its electricity narrative, moving from long blackouts to near round-the-clock supply that can meet record demand. The shift is credited to sustained infrastructure investment, governance reforms, and rapid renewable energy expansion. The result: a state increasingly seen as a blueprint for energy transformation and faster economic growth.

Summarised by Beize from a story on The Economic Times on 11 May 2026
Rajnath Singh says India is fortifying supply chains and energy flow during West Asia turmoil

Rajnath Singh says India is fortifying supply chains and energy flow during West Asia turmoil

Amid instability in West Asia, Defence Minister Rajnath Singh said India is taking concrete steps to protect key supply chains and maintain reliable energy for citizens. He chaired a meeting focused on maritime security and economic resilience, noting the country’s petroleum reserves and urging fuel conservation to reduce financial pressure as global risks mount.

Summarised by Beize from a story on The Economic Times on 11 May 2026
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