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 […]
A 26-year-old merchant navy officer from Kangra in Himachal Pradesh, who is among three Indians arrested after a Russian-flagged oil tanker was seized by the US in the North Atlantic Ocean, is expected to get married on February 19, his family said. Rakshit Chauhan, who joined the Merchant Navy on August 1 last year, was […]
Asset manager Aberdeen Investments is “winding down” its holdings of Venezuelan government bonds, a portfolio manager told Reuters, following a stunning rally that has more than doubled the price of the country’s defaulted bonds in the past 12 months. “The tail risk seems quite high,” Kevin Daly, portfolio manager at Aberdeen Standard Investments, told Reuters. […]
Oil prices rose in early trading on Monday after the US intercepted a Venezuelan oil tanker over the weekend. Brent crude futures rose 44 cents, or 0.73%, to $60.91 a barrel by 0141 GMT, while U.S. West Texas Intermediate (WTI) crude rose 40 cents, or 0.71%, to $56.92. The US Coast Guard is also pursuing […]
Indian oil refiners, including Indian Oil Corporation (IOC), may not completely halt purchases of Russian crude despite new US sanctions, as the measures target specific Russian suppliers and not the oil itself. Officials said that while four Russian oil companies have been sanctioned so far, India’s largest supplier Rosneft, which handles nearly 45 percent of […]
The latest round of US sanctions on Russian oil giants has once again roiled global energy markets, raising questions about the supply of crude oil to major buyers such as India and China. In an exclusive conversation with ET Now, Geoff Dennis, Global Market Analyst, shared his views on the ripple effects of the sanctions, […]
