oil

Tehran, March 14 – Iran accused the United States on Saturday of applying double standards regarding Russian oil, stating that Washington was now "begging" countries to purchase the same crude it had previously tried to block through pressure and sanctions.In a post on X, Iran's Foreign...

Washington, March 14 – The United States has expanded authorizations for Venezuela's energy and petrochemical sectors, a move that could help stabilize global fertilizer and oil supplies – developments closely watched by major importers such as India.The US Treasury Department said the changes...

March 13, New Delhi – European leaders have expressed concern following the U.S.'s issuance of a 30-day waiver, allowing countries to purchase sanctioned Russian oil currently stranded at sea.The President of the European Council, Antonio Costa, stated that this unilateral move undermines...

March 13, New Delhi — Volodymyr Zelensky met Emmanuel Macron in Paris on Friday for talks aimed at increasing pressure on Russia.The discussions come as Kyiv's allies express concern that a temporary easing of sanctions on Russian oil by the United States could boost Moscow's revenues...

Colombo, March 13 Sri Lanka's Foreign Minister Vijitha Herath met with Russian Ambassador Levan S Dzhagaryan on Friday and discussed the possibility of purchasing Russian fuel.This development comes a day after the Trump administration announced a temporary authorization for several countries...

New Delhi, March 12 According to vessel tracking data and industry sources, a foreign-flagged vessel carrying oil for India has successfully crossed the war-affected Strait of Hormuz to reach Mumbai, while another large ship is likely to reach Indian ports in a day or two.The Liberia-flagged...

New Delhi, March 12 Congress Rajya Sabha member Shaktisinh Gohil accused the government of succumbing to US pressure and allowing President Donald Trump to interfere in the country's affairs, including the purchase of oil.Participating in a discussion on the Ministry of Rural Development...

New Delhi, March 11 – The Congress criticized the BJP-led government on Wednesday, stating that the US has "temporarily allowed" India to "accept" Russian oil, and that this was a "concession" to Prime Minister Narendra Modi.The opposition party's criticism came after White House Press...

New York/Washington, March 11 The US has "temporarily permitted" India to "accept" Russian oil already on ships in the sea to ensure energy supplies amid the conflict with Iran. This short-term measure will not provide significant financial benefit to Moscow, White House Press Secretary Karoline...

Washington, March 11 – The White House said that President Donald Trump personally approved a temporary waiver allowing India to purchase Russian oil as part of a broader effort to stabilize global energy markets amid disruptions caused by the ongoing US military campaign against Iran.The...

Washington, March 10 – The White House stated that the United States is determined to keep the Strait of Hormuz open as the war with Iran intensifies, stressing that President Donald Trump will not allow Tehran to disrupt global energy supplies.White House Press Secretary Karoline Leavitt said...

New Delhi, March 10 External Affairs Minister S Jaishankar held a phone conversation with his Iranian counterpart, Seyed Abbas Araghchi, on Tuesday, amid growing concerns over the fallout of the West Asia crisis, particularly on energy supplies.This was the third time Jaishankar had spoken to...

March 10, New Delhi – Egypt increased domestic fuel prices by up to 30 percent on Tuesday, citing "exceptional" global energy pressures caused by the West Asia war, which has disrupted oil supplies and shipping routes.The increases, announced by the petroleum ministry, apply to gasoline...

Washington, March 10 – US Defence Secretary Pete Hegseth warned Iran on Tuesday against disrupting traffic through the Strait of Hormuz, stating that President Donald Trump was prepared to respond with overwhelming force if Tehran attempted to block one of the world’s most sensitive energy...

March 10, New Delhi – Iran launched fresh strikes on energy installations in the Gulf on Monday, including a petroleum complex in Bahrain, as oil prices soared due to fears of supply disruptions caused by the escalating conflict in West Asia.The sprawling Al Ma'ameer oil facility in Bahrain...

New York/Washington, March 9 The US has urged India to buy Russian oil already floating at sea and redirect it to Indian refineries to "alleviate" concerns about supply shortages and price spikes amid the ongoing West Asia conflict, Energy Secretary Chris Wright has said.However, the move, he...

Washington, March 7 – U.S. President Donald Trump said on Saturday that Cuba’s communist government is nearing its end and suggested that Washington could soon reach a new agreement with Havana.Speaking at the Shield of the Americas Summit, Trump said the island nation was facing severe...

New York/Washington, March 7 The US has said it has given "permission" to India to purchase Russian oil that is currently on ships floating on waterways, in an effort to ease supply shortages around the world amid the conflict in West Asia."The world has ample oil supplies. Yesterday, the...

Washington, March 7 – The United States has unveiled a $20 billion maritime reinsurance plan aimed at protecting shipping and stabilizing trade through the Gulf region amid tensions linked to the conflict with Iran.The initiative was announced by the US International Development Finance...

New Delhi, March 6 The Congress criticized the Modi government on Friday after the US announced a temporary waiver to allow Indian refiners to purchase Russian oil, and asked how long this "American blackmail" would continue.In a post on X in Hindi, Congress general secretary in-charge...