Tag: Russian oil

CITI expresses concern over potential additional tariffs by the U.S.

September 19, 2026 admin

The Confederation of Indian Textile Industry (CITI) has expressed concern over the potential impact on India’s textile and apparel exports because of the likely additional tariffs planned by the US following the signing of the ‘Lindsey O. Graham Sanctioning Russia and Iran Act of 2026’ by U.S. President Donald Trump. Ashwin Chandran, chairman of CITI,…

Business

Opposition slams fresh fuel price hike, Kharge asks ‘who benefits’, Rahul calls Modi ‘inflation man’

May 25, 2026 admin

Motorist at a fuel station in New Delhi on May 25, 2026, as state-run oil companies raised petrol prices in Delhi by ₹2.61 per litre, bringing the retail rate to ₹102.12 per litre. This marks the fourth fuel hike in just under two weeks, pushing petrol past the ₹100 mark for the first time in…

Nation

Bharat Petroleum hikes Russia’s share in crude oil purchases to 41% in bid to fill supply gaps

May 20, 2026 admin

According to the senior executive at BPCL, Russian crude constituted about 25% of the overall basket in the third quarter of the previous financial year. | Photo Credit: Reuters The share of Russian crude oil in Bharat Petroleum’s overall basket has increased to about 40-41% from about 31% during quarter-ended March 2026, Vetsa Ramakrishna Gupta,…

Business

EU unblocks €90 billion Ukraine loan after Hungary row

April 22, 2026 admin

The bitter feud over the pipeline pitted Hungary’s nationalist premier Viktor Orban against Ukrainian President Volodymyr Zelenskyy, stalling the vitally needed funds for Kyiv. File | Photo Credit: AP The EU on Wednesday (April 22, 2026) gave the green light to unblock a €90 billion ($106 billion) loan for Kyiv, after the deadlock was broken…

World

Iran Israel War | U.S. issues 30-day waiver to allow India to purchase Russian oil amid West Asian supply woes

March 6, 2026 admin

U.S. Secretary of the Treasury Scott Bessent. File | Photo Credit: AP The U.S. Treasury Department is issuing a “ temporary 30-day waiver to allow Indian refiners to purchase Russian oil”, according to U.S. Treasury Secretary Scott Bessent. President Trump’s energy agenda has resulted in oil and gas production reaching the highest levels ever recorded….

World

Russia Says India Hasn’t Confirmed Halting Oil Purchases Amid Trade Deal

February 3, 2026 admin

The Russian government have said they haven’t received any information from India indicating that they plan to stop buying Russian oil, after US President Donald Trump claimed India agreed to do so as part of a trade deal with Washington. “So far, we haven’t heard any statements from New Delhi on this matter,” Kremlin spokesman Dmitry Peskov told reporters on Tuesday. Trump on Monday…

Business

Reliance to buy sanctions-compliant Russian oil in February and March, sources say

January 22, 2026 admin

It is not clear if Reliance will ⁠continue to buy Russian oil beyond March. File | Photo Credit: Reuters Reliance Industries ‌Ltd, operator of the world’s largest refining complex, is set to receive sanctions-compliant Russian oil in February and March after a one-month pause, four sources familiar with the matter said. Reliance last received Russian…

Business

Markets log losses for fourth day; Sensex tanks 780 points on renewed trade uncertainties

January 8, 2026 admin

The Nifty, Sensex ended the session lower due to renewed concerns over potential U.S. tariff hikes amid widespread selling pressure in global markets. File | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty fell sharply by nearly 1% on Thursday (January 8, 2026), continuing their weak momentum for the fourth straight session, due to…

Business

India will not be buying oil from Russia: Trump reiterates

October 18, 2025 admin

President Donald Trump. File | Photo Credit: AP U.S. President Donald Trump reiterated that India will not be buying oil from Russia, saying that New Delhi has already “de-escalated” and “more or less stopped” its oil purchases from Moscow. While speaking to the media during a bilateral lunch with the President of Ukraine, Volodymyr Zelenskyy,…

World

Trump ready for ‘phase two’ of Russia sanctions over Ukraine conflict

September 8, 2025 admin

U.S. President Donald Trump. File | Photo Credit: Getty Images via AFP U.S. President Donald Trump said on Sunday (September 7, 2025) he is ready to move to a second phase of sanctioning Russia, the closest he has come to suggesting he is on the verge of ramping up sanctions against Moscow or its oil…

World