Daily Headlinez Top News Updates
The ongoing Middle East crisis has shaken global oil and gas supplies, with the Strait of Hormuz coming under intense pressure amid tensions between Iran and the US. At a time when one of the world’s most critical energy corridors is under severe strain and supply chains remain disrupted, India is making a push to…
Despite the sharp rise in global oil prices, retail fuel rates have remained unchanged. (AI image) Petrol and diesel prices have been in focus since the start of the US-Iran war which has led to a huge rise in global crude oil prices. Several neighbouring countries have either raised petrol prices or rationed its use….
Representative image (AI-generated) State-run Indian Oil Corp and Rosneft-backed Nayara Energy have increased their purchases of Russian crude in January. This comes even as India’s overall imports from Russia have declined under US sanctions.Reliance Industries, India’s largest buyer over the past year, along with several other refiners, has not received any supplies this month. This…
India’s main refiner, IOC, has maintained its procurement of non-sanctioned Russian crude over several weeks. (AI image) With major Russian oil firms Rosneft and Lukoil being sanctioned, India’s state-run oil refiners are now picking up non-sanctioned crude – and that too at lucrative discounts! US President Donald Trump sanctioned the two Russian crude oil majors…
Indian refineries, alongside their Asian counterparts, have increased their orders when US crude. (AI image) Indian refiners have stepped up their purchase of US oil in August, as competitive prices have enhanced the appeal of American crude. The move comes at a time when the Donald Trump administration has imposed 50% tariffs on Indian goods…
