Latest Updates Around The World
As Washington continues to tighten the screws on Moscow’s energy revenues, India has sent a strong signal from the global stage: energy purchases will be guided by “cost, risk and availability,” not political pressure. The message came amid new U.S. sanctions on Russian oil and claims by President Donald Trump and Secretary of State Marco […]
Foreign Minister Vikram Misri said on Monday that India is not only one of the largest energy consumers but also plays an important role as a stabilizing factor in global energy markets, which is one of the reasons why the country imports energy from multiple sources. Misri said that whether it is “the government or […]
Union Minister for Commerce and Industry Piyush Goyal | Photo credit: ATUL YADAV Union Commerce Minister Piyush Goyal declined to specify the details of the US claim that India had committed to stop purchasing Russian oil as part of the India-US Interim Trade Framework Agreement, even as it emerged that Washington could reimpose some of […]
Reliance Industries Ltd. is off to a poor start to the year, with shares down more than 6%, as investors digest weak retail prospects and harsher US rhetoric over Russian oil purchases in India, putting the burden on coming earnings to stem the decline.The sell-off so far this year has wiped around $15 billion from […]
Crude oil futures traded lower on Friday morning after rising more than 5 percent on Thursday following the US government’s decision to impose sanctions on two major Russian oil companies. At 9:30 a.m. Friday, December Brent crude futures were at $65.69, down 0.45 percent, and December WTI (West Texas Intermediate) crude oil futures were at […]
Prime Minister Modi and US President Donald Trump (file photo) US President Donald Trump has again taken aim at India, warning that New Delhi could face “massive” tariffs if it continues to buy Russian oil. Speaking to reporters, Trump again claimed that Prime Minister Narendra Modi personally assured him that India would stop importing crude […]
The Russian Foreign Minister Sergey Lavrov defended the decision of India on Tuesday to keep buying Russian oil, and accused the United States of trying to eliminate competition with the help of the conflict in Ukraine as a pretext. “Our Indian counterparts have already responded [this pressure] To stop buying oil from Russia. They continue […]
After five interviewing rounds, a quick trade agreement is expected to be blocked. The disputes are fundamentally, aimed at the American requirements for more access to the large farm and dairy markets of India, and a more controversial point: the continuous purchase of Russian oil by India. If India and the US do not reach […]
Ship whistles, vessels have become hesitant to get in touch with Nayara this week. (AI image) The last sanction round of the European Union with Russian oil has already started reaching a refinery in India. Oil companies and vessel operators distance themselves from India’s Nayara Energy Ltd.After the recent sanctions of the European Union that […]
AI-generated image used for display New Delhi: Prior to the visit of Prime Minister Narendra Modi to the United Kingdom, foreign secretary Vikram Miskri discussed questions about the growing Western pressure on India about buying Russian oil on Tuesday. He made it clear that the energy needs of India came first.Miskri said: “… We have […]
