Oil Price Soars After US Sanctions on Russian Crude Producers

By BPN News Desk October 24, 2025

International

Global oil prices surged significantly after the Donald Trump administration announced new sanctions targeting the two largest Russian oil companies, Rosneft and Lukoil. These companies together account for a major portion of Russia’s oil output, raising concern about future supply tightness in

Business

Reliance To Realign Russian Oil Imports With India’s Guidelines

By BPN News Desk October 23, 2025

Reliance Industries Ltd. (RIL), India’s largest private refiner, has begun recalibrating its Russian crude oil imports to align with the Government of India’s latest guidelines. The decision follows new U.S. and European sanctions on major Russian oil companies. India’s Role In Russian Oil Trade India has been the biggest buyer of Russian seaborne crude this […]

International

EU To Sanction Chinese Refineries Over Russia Oil Trade

By BPN News Desk October 23, 2025

The European Union is preparing its 19th sanctions package against Russia, which includes penalties on four China-based entities. Among them are two independent oil refineries, a trading firm, and another organization accused of helping circumvent sanctions. The move is directed at companies allegedly involved in facilitating Russian oil exports. Targeted Entities And

International

Trump Says India Will Sharply Cut Russian Oil Imports

By BPN News Desk October 23, 2025

U.S. President Donald Trump said that India has assured him it will sharply reduce oil imports from Russia by the end of this year. He said this followed a phone call with Indian Prime Minister Narendra Modi and described the move as a “big thing.” India’s Position Indian officials have not confirmed the specific commitment cited […]

International

US Slaps Sanctions on Russia’s Two Biggest Oil Firms

By BPN News Desk October 23, 2025

The United States imposed sanctions on Russia’s two largest oil companies, Rosneft and Lukoil, along with dozens of their subsidiaries. The move was announced by the Treasury Department, which cited President Donald Trump’s frustration over stalled cease-fire talks in Ukraine and accused Russia of refusing to negotiate seriously. Strategic Rationale Treasury Secretary

International

Trump Says India Will Stop Buying Russian Oil

By BPN News Desk October 18, 2025

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 Affairs responded that it was not aware […]

Op-Eds Opinion

A Barrel from Guyana, a Message to Washington

By BPN News Desk October 17, 2025

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 […]

International

India Denies Trump’s Phone Promise Claim

By BPN News Desk October 16, 2025

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 […]

International

Moscow Says Oil Trade Benefits Indian Economy

By BPN News Desk October 16, 2025

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.

International

Trump Says PM Modi Had Assured India Will Stop Sourcing Russian Oil

By BPN News Desk October 16, 2025

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 […]