India’s Oil and Natural Gas Corporation more than doubled its quarterly profit as higher crude and natural gas prices—and a weaker rupee—more than made up for another drop in production. The numbers put ONGC alongside the global oil majors that spent the second quarter cashing in on the biggest oil supply disruption in history. The company supplies about two-thirds of India’s oil and more than half of its gas, making it central to New Delhi’s effort to reduce import dependence. India still imports nearly 90% of the oil it consumes and about half its gas. When the Middle East war disrupted crude and cooking-fuel supplies, it became clear what a vulnerability that was.