oil

Washington, March 21 The United States has announced the temporary lifting of sanctions on the sale of Iranian oil stranded at sea in an effort to cool down soaring global crude prices.US Treasury Secretary Scott Besant said the temporary measure will make available 140 million barrels of...

Itanagar, March 20 The Itanagar Capital Region administration has launched a helpline to prevent hoarding, black marketing, and price manipulation of LPG cylinders in the face of panic buying triggered by global supply chain disruptions, an official said on Friday.Capital Region Deputy...

March 20, New Delhi — The Ministry of External Affairs' Fact Check Unit has refuted social media claims that India had issued a warning to Iran regarding escalating tensions in the region.A video clip circulating on social media purportedly shows Randhir Jaiswal, the official spokesperson of...

Beijing, March 19 China said on Thursday that "new points of consensus" have been reached in its current trade talks with the US ahead of President Donald Trump's planned visit to Beijing, which was postponed due to the escalating conflict in West Asia.China and the US have agreed to continue...

New Delhi, March 16 India does not have a "blanket arrangement" with Iran for the transit of Indian-flagged ships through the Strait of Hormuz, and "every ship movement is a separate matter," External Affairs Minister S. Jaishankar has said.In an interview with the Financial Times, Jaishankar...

Nepanagar (MP), March 15 Madhya Pradesh Chief Minister Mohan Yadav on Sunday accused Leader of the Opposition in the Lok Sabha, Rahul Gandhi, of indulging in reckless politics over cooking gas despite the delicate situation arising from the ongoing West Asia conflict.Yadav made the remarks...

March 14, New Delhi – Canada will contribute 23.6 million barrels of oil to an International Energy Agency (IEA) plan aimed at stabilizing global energy markets amid rising tensions in the Middle East.The announcement from Natural Resources Minister Tim Hodgson’s office came late Friday, two...

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...