Did PM Modi really promise Trump to stop buying Russian oil?
Fp Explainers • 5 days agoUS 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
Fp Staff • 11 days agoThe 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
Fp Staff • 11 days agoThe 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
• 20 days agoAs 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
Fp Explainers • 25 days agoUkraine’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?
Fp Staff • 26 days agoChina’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
Fp Staff • 1 month agoThe 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
Fp Staff • 1 month agoChina 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
Fp Staff • 1 month agoIn 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’
Fp Staff • 1 month agoIndia 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.