International

Interest Rises Following Trump’s Assertion

By BPN News Desk August 28, 2025

Following U.S. President Donald Trump’s claim in July that Pakistan holds “massive oil reserves,” several American companies have expressed interest in exploring opportunities in Pakistan’s energy sector. The U.S. envoy in Islamabad confirmed increased inquiries from firms keen on oil, gas, and mineral projects. Government Works to Attract Exploration Bids Pakistan’s

International

India Won’t Quit Russian Oil Despite US Tariffs

By BPN News Desk August 27, 2025

Indian petroleum refiners have made it clear they will continue importing Russian crude oil despite mounting pressure from the United States. Industry executives said there has been no instruction from the government to halt purchases, stressing a “country first, commerce later” approach. Tariff Concerns Impact Volumes, Not Strategy September loading orders have dipped,

Business

Oil Prices Rise After Ukrainian Strikes on Russian Energy

By BPN News Desk August 25, 2025

Oil prices inched higher after Ukrainian drone attacks on Russian energy facilities sparked supply concerns. Brent crude was trading near $67.76 per barrel, while U.S. West Texas Intermediate (WTI) reached about $63.73. Damage to Russian Facilities The strikes targeted major infrastructure, including a reactor at a Russian nuclear plant, the Ust-Luga fuel export terminal,

National

India Defies U.S. Pressure, Buys Oil on Best Terms

By BPN News Desk August 25, 2025

India has strongly rejected U.S. tariffs linked to its Russian oil imports. Indian ambassador to Russia, Vinay Kumar, called the measures “unfair, unreasonable and unjustified,” stressing that New Delhi will protect its sovereign right to decide energy strategy. Oil Purchases on Market Terms Kumar clarified that Indian firms will continue buying oil “from

International

Nikki Haley Urges India to Heed Trump’s Russian Oil Warning

By BPN News Desk August 24, 2025

Former U.S. Ambassador to the UN Nikki Haley has urged India to take President Donald Trump’s position on Russian oil imports seriously. She said New Delhi should engage directly with the White House “the sooner, the better,” stressing that the matter has become central to U.S.–India relations. Stress on Strategic Partnership Haley highlighted the importance […]

International

Jaishankar Criticizes Trump, Reaffirms India’s Red Lines

By BPN News Desk August 23, 2025

External Affairs Minister S. Jaishankar said U.S. President Donald Trump’s approach to diplomacy was unlike any other, pointing out that he conducts foreign policy “very publicly and very unsparingly.” Speaking at an event in Delhi, Jaishankar observed that this was the first time a U.S. president had handled sensitive matters in such an open style. […]

International

Ukraine Hits Oil Pipeline Supplying Hungary, Slovakia

By BPN News Desk August 22, 2025

On August 22, 2025, Ukrainian forces struck the Unecha oil pumping station in Russia’s Bryansk region, part of the Druzhba pipeline network. The facility is a key link for transporting Russian crude to Central Europe. The attack, carried out using drones and rockets, triggered a major fire and forced oil flows to be halted. Impact […]

International

Peter Navarro Blasts India Over Russian Oil Tariff Stance

By BPN News Desk August 22, 2025

U.S. trade adviser Peter Navarro launched a strong attack on India’s continued purchase of Russian oil. Speaking to reporters, he called India the “Maharaja of tariffs” and accused New Delhi of running a “profiteering scheme” at the cost of global stability. Navarro made it clear that Washington would go ahead with its planned punitive tariffs […]

International

Jaishankar Questions U.S. Tariffs Over Russian Oil

By BPN News Desk August 22, 2025

External Affairs Minister S. Jaishankar said he was “perplexed” by the U.S. decision to impose tariffs on India for continuing oil imports from Russia. He stressed that China remains the largest importer of Russian oil and the European Union is the biggest buyer of Russian LNG, while India’s share is far smaller. He also reminded […]

Expert Opinions Opinion

Eurasian Balancing Act: Cheap Russian Barrels, Costly U.S. Tariffs, and India’s Path to Real Autonomy

By BPN News Desk August 20, 2025

Russia’s five percent oil discount looks tempting on paper, but the numbers show why it cannot outweigh Donald Trump’s tariff barrage. Russia supplies about 1.5 million barrels per day to India — roughly 35 percent of our crude basket. At Brent levels of 66–70 dollars, the discount works out to 2.7–3.3 dollars per barrel. Multiply […]