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Commodity Market, Commodities News Today | The HinduBusinessLine

India could limit sulphur exports as supplies tighten, sources say India turns to US, Oman, Nigeria for LNG imports in March as Qatar, UAE supplies dry up China resumes buying broken rice from India Silver Price Today April 16: Latest rates in Delhi, Mumbai, Kolkata, Chennai & Bengaluru Gold rate today April 16: Gold rates up in Mumbai, Delhi, Chennai, Kolkata, Ahmedabad & Bengaluru Indian LNG importers scoop up spot shipments after prices recede Limelight Lab Grown Diamonds targets tier 2-cities with 25 stores in Q1 Crude oil futures edge up despite hopes of US-Iran ceasefire extension ‘Iran war oil shock as disruptive as Covid’ Iran war brings US close to net crude exporter for first time since World War II NAAS suggests govt to consider one-time licensing for imported horticulture hybrids India targets cocoa self-sufficiency by 2040 with national mission and reforms Why is Gold rate surges past $4,850 & Silver crossing $80? Crude unlikely to return to pre-war levels soon; India's import bill may rise $70 billion annually: Report US shuts down Iran’s maritime trade despite optimism for more talks Brent crude edges up ahead of fresh US-Iran talks Global fertilizer supply crunch tightens farm economics Crude oil prices fall for a second day on expectations US-Iran talks may resume Madhya Pradesh CM says basmati rice from the State is exported to 47 nations Russian crude oil imports rebound in March as PSU refiners lift record volumes Oil prices hit record high in March as refiners try to replace West Asian grades: IEA India’s gems and jewellery exports plunge 35% in March on weak demand Inflows into gold ETFs turn positive in past fortnight India’s Russian oil imports surge to €5.3 billion in March on higher volumes Russia restricts helium exports as global supply tightens amid Middle East tensions India’s oil security under pressure as West Asia crisis exposes import dependence risks Fuel price freeze: ₹18/litre loss on petrol, ₹35 on diesel Iran oil hoard at sea shields China’s refiners from US blockade Oil declines as US, Iran weigh more talks; US blockade of shipping to and from Iranian ports in place IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy
India explores Canada as potential crude oil supplier ami...
By Reuters · 2026-06-11 · via Commodity Market, Commodities News Today | The HinduBusinessLine
India is exploring Canada as a potential crude oil supplier, according to High Commissioner Dinesh Patnaik, who said the country’s newer refineries are capable of processing heavy crude grades.

India is exploring Canada as a potential crude oil supplier, according to High Commissioner Dinesh Patnaik, who said the country’s newer refineries are capable of processing heavy crude grades. | Photo Credit: iStockphoto

India is ‌considering Canada as a potential ​crude oil supplier, ⁠High Commissioner Dinesh Patnaik said on Wednesday at the ‌Global Energy Show in Calgary, Alberta, adding ‌that the country's ‌newer ⁠refineries are designed ⁠to process heavy crude, making Canadian grades a viable option.

Patnaik said ​officials from ‌the two countries are meeting regularly to discuss opportunities for sourcing Canadian ‌energy.

He said, however, ​that global investors remain cautious about Canada's ⁠regulatory and project approval processes, which could affect the ‌pace of energy cooperation.

Separately, Abu Dhabi National Oil Company said on Tuesday it is exploring opportunities in Canada's ‌upstream and liquefied natural gas ​sectors through its international arm XRG.

Canada is ⁠the world's fourth-largest crude ⁠oil producer and fifth-largest natural gas producer.

Published on June 10, 2026