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Oil News

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Middle East War Escalation Pushes Global Oil Prices Higher

A major concern for oil traders is the situation in the Strait of Hormuz, which is one of the world's most important oil shipping routes. ...
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Jaishankar Reaffirms India’s Strategic Autonomy Amid US Remarks on Russian Oil

Foreign Minister S. Jaishankar clearly said that India takes completely independent decisions for its energy needs. ...
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Big Relief for India as Donald Trump Lifts 25% Tariff Linked to Russia Oil Imports

US President Donald Trump has given a big relief to India and removed the 25 percent tariff imposed on the purchase of oil from Russia. ...
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Will India Stop Buying Russian Oil After US Trade Deal? Big Questions Emerge

The recent trade deal between India and America has raised a big question: Will India now stop buying oil from Russia? ...
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White House Removes Extra 25% Tariff on Indian Imports Linked to Russian Oil Purchases

A White House official clarified that the additional 25 percent punitive duty imposed on India is also being removed. This duty was imposed because India bought oil from Russia. ...
Trump claims India will buy oil from Venezuela instead of Iran: 'We've already made that deal'

Trump claims India will buy oil from Venezuela instead of Iran: 'We've already made that deal'

US President Donald Trump claimed that "India is coming in, and they are going to be buying Venezuelan oil as opposed to buying it from Iran. So, we h...

US May Remove 25% Additional Tariff on India, Signals Trump’s Minister

Negotiations regarding the proposed Free Trade Agreement (FTA) between the European Union and India have reached their final stage....

US Signals Green Light for India to Import Venezuelan Oil Under New Control Mechanism

The US has indicated that it is ready to allow India to buy oil from Venezuela under a new, US-controlled framework. A senior official of the Trump ad...

US May Raise Duties on Indian Goods Over Russia Oil Issue, Says Trump

US President Donald Trump has said that if India does not support the US on the "Russian oil issue," tariffs imposed on Indian goods may be further in...
President Donald Trump

'They’ll Love Us Again': Trump Indicates Possible Reduction in Tariffs on Indian Goods

Trump said, “India is not very happy with us right now, but soon they will start liking us again.” He indicated that trade relations between the t...

India Feels the Heat: Russian Oil Shipments Dip After Donald Trump’s Sanctions Push

India is now looking for oil from non-restricted Russian sources or alternative countries, which could increase volatility in global prices....
Trump, India, Russia

Trump Predicts India Will Slash Russian Oil Imports, Lauds Modi While Warning Of China-Russia Compulsions

US President Donald Trump said India will cut its oil imports from Russia by 60 percent this year. He praised Prime Minister Modi and criticized China...
Trump, Putin

US Sanctions Hit Russian Oil Giants, Trump-Putin Dialogue Faces Uncertain Future Amid Rising Ukraine Tensions

  The United States has imposed tough sanctions on two major Russian oil companies. While Trump once hoped talks with Putin could ease Ukraine tensi...
Donald Trump and Jinping

US to Slap 155% Tariffs on China for Russian Oil Trade Starting November 1

The warning came in the context of buying crude oil from Russia, but Trump linked it to broader trade policies....
Trump, Modi

Trump Warns India of Heavy Tariffs if Russian Oil Imports Continue, Modi Denies Such Promises

US President Donald Trump has warned India of heavy tariffs if it does not halt Russian oil imports. India firmly rejected his claims, calling energy ...

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