Oil
- India
GST cuts to spur growth, offset US tariffs; India to keep buying Russian oil
New Delhi: Finance Minister Nirmala Sitharaman said on Friday that the GST rate cut would spur growth in the economy which would offset the drag due to the adverse impact of the…
- India
India’s gains from Russian oil imports exaggerated
New Delhi: India’s gains from importing discounted Russian oil are estimated to be just USD 2.5 billion per annum, significantly lower than the previously speculated range of USD 10-25 billion, a research…
- India
US tariffs on Indian oil imports from Russia a ‘big blow’ to Moscow: Trump
Washington: President Donald Trump on Monday said American tariffs imposed on India for purchasing Russian oil have dealt a “big blow” to Moscow’s economy, which is not doing well, as he referred…
- World
Russia defends India’s trade rights, slams US pressure as illegitimate
Moscow: Russia on Tuesday said sovereign countries have the right to select their partners in trade and economic cooperation based on their interests, a day after President Donald Trump threatened to “substantially”…
- India
Ministries, depts asked to display oil, sugar content in snacks like samosa, pizza
New Delhi: The Union health ministry has urged all ministries and departments to instal displays of boards mentioning the sugar and oil content in snacks such as samosa, kachori, pizza, burger, french…
- World
Oil prices ease as Trump delays decision on Iran-Israel conflict
New Delhi: Crude oil prices eased in the global market on Friday, with the benchmark Brent crude futures trading 2 per cent lower at $77.24 a barrel, amid reports that President Donald…
- World
US tariffs: Gold, crude oil prices tumble amid global uncertainty
New Delhi: The effect of the newly announced reciprocal tariffs by US President Donald Trump is now being felt in the global commodity markets, with sharp declines seen in the prices of…
- World
India imports 49 bn euro worth of Russian oil in 3rd year of Ukraine invasion
New Delhi: India, the world’s third largest oil consuming and importing nation, bought crude oil worth 49 billion euros from Russia in the third year of Moscow’s invasion of Ukraine, a global…
- Middle East
India, Iraq explore ways to diversify trade from oil to non-oil sectors
New Delhi: India and Iraq on Monday discussed ways to further increase and diversify trade from oil to non-oil sectors, while stressing the importance of expanding economic partnership and technology engagement. The…
- India
India reaps pricing benefits of crude oil imports from Russia
Chennai: In the case of oil imports, India till now is on a firm path of sourcing the product cheaply from Russia since the latters invasion of Ukraine. This is much against…
- India
‘No contradiction’ in India remaining US partner & its buying crude oil from Russia: US
New Delhi: By driving a hard bargain with Russia in procuring crude oil at the lowest price possible, India is furthering the policy of G7 and Washington is “comfortable” with New Delhi…
- Andhra Pradesh
7 die of asphyxiation while cleaning oil tank in AP factory, FIR registered
Kakinada: Seven workers of an edible oil packaging factory in a village in Kakinada district were asphyxiated on Thursday when they got into an oil tank to clean it, police and district…
- India
UAE minister says governments should frame pro-growth, pro-climate policies
Bengaluru: The UAE, India’s fourth largest supplier of crude oil, on Tuesday made a pitch for policies that hold back emissions but not progress as it saw hydrocarbons continuing to play a…
- World
Global oil inventories expected to grow, prices to drop in next 2 yrs: EIA
Houston: Global oil inventories will increase over the next two years with more global oil production than consumption, the US Energy Information Administration (EIA) has forecast. Partly as the result, crude oil…
- Pakistan
Taliban signs 1st agreement with Chinese firm to drill for oil
Kabul: The Taliban-led government in Afghanistan is to sign a contract with a Chinese firm to drill for oil in the war-torn country’s north. It would be first major energy extraction agreement…
