U.S. President Donald Trump stated that Indian Prime Minister Narendra Modi had assured him India would soon stop purchasing oil from Russia. He framed this as a step aligned with global efforts to pressure Moscow over the war in Ukraine. India Denies the Claim India’s Ministry of External
India’s oil refineries have just signed their first-ever contracts to buy crude oil from Guyana. On paper, it’s a modest deal — 4 million barrels split between Indian Oil Corporation and Hindustan Petroleum. In practice, it’s the diplomatic equivalent of a wink: a small gesture with a big message. And that message is aimed straight […]
New Delhi on Thursday rejected US President Donald Trump’s assertion that he had spoken by phone with Prime Minister Narendra Modi, during which Modi promised India would halt Russian oil imports. The External Affairs Ministry stated no such call took place. Trump’s original assertions Trump had claimed Modi assured him the halt would be a […]
Following U.S. President Donald Trump’s statement that Prime Minister Modi had assured him India would stop buying Russian oil, Russia’s ambassador to India, Denis Alipov, responded by saying Moscow does not meddle in other nations’ energy policies. Oil supplies and economic benefits Alipov asserted that Russian oil shipments are “very beneficial” to the Indian economy.
U.S. President Donald Trump said that Prime Minister Narendra Modi had assured him India would stop buying oil from Russia. He added that the phase-out would not be immediate but would happen “within a short period.” India’s position unclear The Indian government has not confirmed Trump’s claim. Officials have made no public commitment to cease […]
A U.S. trade official associated with President Trump claimed India has begun reducing its reliance on Russian oil, describing the shift as “pragmatic.” The comment comes amid rising tariff tensions and scrutiny of India’s energy purchases. U.S. Official’s Statement At the Economic Club of New York, Jamieson Greer, a U.S. trade representative, said India is […]
Oil prices ended another volatile week, heading for their steepest weekly fall in about three and a half months. The Brent crude benchmark fell close to 8 %, while U.S. WTI crude dropped around 7.3 %. Factors Driving the Slide The sharp decline has been fueled by growing expectations that OPEC+ will further boost production […]
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 trade talks into a playground of pressure tactics? […]
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 […]















