India’s oil dilemma has never been about barrels alone. It’s about politics, sanctions, and the whimsical mood of Washington. Today, the stark question is this: will Donald Trump side with Indian consumers staring at higher fuel bills, or with American dairy and farm lobbies who have turned

Indian officials have asked the U.S. administration to allow New Delhi to import crude oil from Iran and Venezuela as a compensation for scaling down its purchases of Russian oil. The request was presented during meetings held in Washington during the 80th UN General Assembly. Reason Behind The Plea India argued that simultaneously cutting off […]

Global oil prices inched higher on Monday as tensions in Europe and the Middle East raised concerns over supply risks. Airspace disputes in eastern Europe and fallout from Palestinian state recognitions in the Middle East added to investor caution. Key Price Moves Brent crude rose by US$0.34 to $67.07 per barrel. U.S. West Texas Intermediate […]

When Azerbaijan resumed crude oil exports to India this August after a 10-month pause, it was seen as a minor trade headline. But the story runs deeper. The shipments themselves are negligible, yet India continues to draw significant profits from its stakes in Azerbaijan’s oil fields, even while bolstering Armenia with arms. This duality illustrates […]

U.S. Treasury Secretary Scott Bessent said the U.S. will not impose additional tariffs on Chinese goods over China’s purchases of Russian oil — unless European countries first impose steep duties themselves. Europe’s Expected Role Bessent emphasized that Europe must “do their share” to reduce Russia’s oil revenue. He suggested that strong “secondary tariffs” by European

Peter Navarro, U.S. trade adviser, sharply criticized India over its oil purchases from Russia and its high trade barriers. He accused Indian refiners of profiting from unfair trade, claiming that money made from U.S. trade reaches Russian oil markets and ultimately funds weapons. He also called India the “Maharajah of tariffs.” Trade Talks Resuming These […]

For weeks, Washington has been trying to strong-arm New Delhi into abandoning cheap Russian crude and turning instead to American barrels. Sergio Gor, Trump’s nominee for U.S. Ambassador to India, openly declared that India should open its market to U.S. crude, petroleum, and LNG. Commerce Secretary Howard Lutnick went further, threatening India with higher tariffs […]

U.S. President Donald Trump criticised European countries for continuing to import oil from Russia despite the Ukraine war. He said their sanctions lacked strength and called for tougher action to match U.S. efforts. Trump’s Key Remarks Trump stated that Europe’s ongoing purchases of Russian oil were “not acceptable.” He urged NATO and EU nations to […]

Russia has praised India for continuing its strategic partnership despite escalating pressure from the United States and NATO. According to statements from the Russian Foreign Ministry, any attempts to break the ties—especially over India’s purchase of Russian oil—are “destined to fail.” Stand on Tariffs and Oil Purchases The U.S. recently imposed tariffs of up to […]

China has strongly opposed U.S. President Donald Trump’s proposal urging NATO to stop buying Russian oil and impose tariffs on countries that continue trade with Moscow. Chinese Foreign Minister Wang Yi said sanctions only make matters worse and emphasized that Beijing does not plan or participate in wars. Trump’s Sanctions Proposal Trump called on NATO […]