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 […]

International

India “Diversifying” from Russian Oil? U.S. Aide Says So

By BPN News Desk October 5, 2025

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 […]

International

Oil Posts Sharpest Weekly Drop in Months

By BPN News Desk October 3, 2025

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 […]

Op-Eds Opinion

Will Trump Choose Indian Consumers or American Lobbies?

By BPN News Desk September 26, 2025

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? […]

International

India Seeks U.S. Approval For Iranian Oil Imports

By BPN News Desk September 26, 2025

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 […]

International

Oil Prices Rise Slightly Amid Europe, Middle East Tensions

By BPN News Desk September 23, 2025

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 […]

Breaking Down The News Opinion

Crude Politics, Cruder Profits: How India Earns From Azerbaijan While Arming Armenia

By BPN News Desk September 20, 2025

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 […]

International

US Won’t Tariff China Over Russian Oil Unless Europe Leads

By BPN News Desk September 16, 2025

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

International

Peter Navarro Criticizes India Over Tariffs, Oil as Trade Talks Start

By BPN News Desk September 16, 2025

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 […]

Government Policies National

Washington Can’t Match Moscow’s Oil Bargain for India

By BPN News Desk September 15, 2025

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 […]