crude oil

Did PM Modi really promise Trump to stop buying Russian oil?

US President Donald Trump claims that Prime Minister Narendra Modi assured him India would halt Russian oil imports — a potential shift in New Delhi’s energy strategy. While Trump framed it as a breakthrough, trade data reveals that India continues to rely heavily on discounted Russian crude

US targets China-Iran energy trade, sanctions firms exporting Iranian oil and gas

The US Treasury has targeted over 50 individuals, firms and vessels linked to Iranian oil and gas exports, aiming to disrupt China-Iran energy trade and cut Tehran’s revenue streams

Good news for India: Crude oil may get cheaper in 2026

The crude prices are set to drop sharply in 2026, bringing relief for the customers. Brent projected at $52 a barrel, a major windfall for India’s economy through lower inflation and higher revenue.

As Ukraine hits refineries, Russia bans diesel & petrol export amid fuel shortage

As Ukrainian strikes have continued to blow up oil refineries, Russia has declared partial ban on the export of diesel and petrol as the country is suffering from fuel shortage.

How Ukraine’s drone strikes have resulted in Russia’s biggest fuel crisis yet

Ukraine’s escalating drone attacks on Russian oil refineries have crippled production, resulting in widespread fuel shortages, forcing Moscow to impose sweeping export bans. With half of Crimea’s gas stations shut, soaring prices, and exports falling to their lowest since 2020, Russia’s fuel crisis is threatening its economy

The curious case of China buying 2.7 mn tonnes of crude from oil importer Indonesia: Iranian barrels rerouted?

China’s sudden purchase of 2.7 million tonnes of crude from oil-importing Indonesia raises questions over whether Iranian barrels are being rerouted through Southeast Asia to evade US sanctions

Ukraine war: Trump pressure pushes EU to speed up Russian gas curbs

The EU is moving to speed up its exit from Russian liquefied natural gas after President Trump warned that US sanctions hinge on tougher European action

China hits back at Trump's 100% tariff threats, rejects plotting or joining war with Russia

China slammed US President Donald Trump after he pressed Nato nations to impose as high as 100 per cent tariffs on countries that purchase oil from Russia.

Ukraine strikes Russia's largest oil refinery in its latest drone attack

In its latest drone attack, Ukraine struck one of Russia's largest oil-refining complexes, sparking a fire and causing minor damage. Watch

Will India continue to buy Russian oil? Sitharaman says ‘yes, our decision where we buy oil from’

India will continue to buy Russian oil as the call for such purchases depends on what suits our interests best, said Union Finance Minister Nirmala Sitharaman in an interview with Network 18.