International

India Sees Sharp Drop in Russian Oil Imports After US Sanctions

By BPN News Desk November 4, 2025

India’s imports of crude oil from Russia fell significantly in the week ending October 27, 2025, following the announcement of U.S. sanctions on Russian oil giants Rosneft and Lukoil. Tracking data shows flows dropped to about 1.19 million barrels per day (bpd) from around 1.95 million bpd in the preceding two weeks. Sanctions Trigger Shift […]

International

U.S. Sanctions Unlikely to Make India, China Quit Russian Oil

By BPN News Desk October 30, 2025

The U.S. has imposed new sanctions targeting Russia’s major oil firms Rosneft and Lukoil as part of efforts to reduce Moscow’s revenues amid the Ukraine war. These include restrictions on financial transactions and oil shipments that could affect global crude flows. Impact on India and China While the sanctions may cause short-term disruption, analysts say […]

National

“Why Single Out India?” Goyal Challenges Western Oil Sanction Bias

By BPN News Desk October 25, 2025

Union Commerce and Industry Minister Piyush Goyal has questioned the selective approach of Western nations towards sanctions on Russian oil, asking why India is being singled out. Speaking at a session in Berlin, Goyal pointed out that while European countries, including Germany and the UK, have reportedly secured exemptions from U.S. sanctions on Russian energy, […]

International

Oil Price Soars After US Sanctions on Russian Crude Producers

By BPN News Desk October 24, 2025

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 global markets. Brent Crude Rises Sharply In the wake of the sanctions, the

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 […]