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Russia said that recent US sanctions targeting its oil sector could potentially undermine diplomatic initiatives. (AI image) Russia has slammed Donald Trump administration’s sanctions on its oil firms saying that the move undermines efforts for peace, adding that it is immune to any such restrictions.Russia said that recent US sanctions targeting its oil sector could…
As global sanctions, including the latest ones from the Trump administration against Moscow intensify, many Indian refiners are evaluating their Russian oil trade documents.Reliance Industries Ltd, top Indian buyer of Russian crude, is also in the process of “recalibrating” imports from Russia to remain consistent with government guidance.“Recalibration of Russian oil imports is ongoing and…
Indian refiners anticipate a significant decline in Russian oil imports, potentially even reaching zero. (AI image) The Donald Trump administration’s latest move to sanction major Russian oil firms Rosneft PJSC and Lukoil PJSC will likely make it almost impossible for India to continue procuring crude from Russia. Analytics firm Kpler reports that Russian oil made…
India is the world’s third-largest oil-importing and consuming nation and it depends heavily on overseas supplies. (AI image) With the Donald Trump administration slapping sanctions on two major Russian oil firms – Rosneft and Lukoil – refiners in India are reviewing their oil contracts. State-owned refiners are reportedly examining their documents for Russian oil procurement…
Oil prices rose sharply on Wednesday, triggered by America’s fresh sanctions on Russian oil companies.Brent crude futures jumped $3.03, or 4.94%, to $64.35 a barrel, while US West Texas Intermediate (WTI) crude added $1.42, or 2.43%, to $59.92 after the settlement at 6 PM EDT (2200 GMT). Earlier, Brent had settled $1.27 higher at $62.59…
Vladimir Putin and Donald Trump (R) The United States announced to impose one of its largest-ever sanctions packages against Russia after Treasury Secretary Scott Bessent accused Vladimir Putin of failing to engage “honestly” in talks with President Donald Trump.“President Putin has not come to the table in an honest and forthright manner, as we’d hoped,”…
US President on Wednesday, once again, claimed that India would cut down Russian oil imports by the end of the year, noting that it was a gradual process. The statement came after the States sanctioned two major Russian oil companies demanding immediate ceasefire from Moscow. “India, as you know, has told me they are going…
The United States on Wednesday announced sanctions on two biggest Russian oil companies in a bid to pressurize Moscow to “immediately agree to ceasefire“.“Now is the time to stop the killing and for an immediate ceasefire. Given President Putin’s refusal to end this senseless war, Treasury is sanctioning Russia’s two largest oil companies that fund…
US President Donald Trump claimed on Tuesday again that India was not going to buy “much oil from Russia.” His claims were based on a conversation he had with Prime Minister Narendra Modi amid Diwali celebrations at the White House.“I spoke to Prime Minister Modi today and we just have a very good relationship. He’s…
US President Donald Trump has again renewed pressure on India, warning that New Delhi could continue to face “massive tariffs” if it doesn’t stop importing oil from Russia. Speaking to reporters aboard Air Force One, Trump claimed Prime Minister Narendra Modi personally assured him that India would stop buying Russian crude.“I spoke with Prime Minister…
