India should halt purchases of Russian crude oil as the trade undermines efforts to isolate Moscow, the White House trade adviser Peter Navarro wrote in an op-ed published in the Financial Times on Monday.
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Indian Oil Corporation, the country’s largest refiner, will begin producing sustainable aviation fuel (SAF) in December, said chairman A. S. Sahney.
US President Trump imposed a 50% tariff on Indian exports, ignoring India's increased oil and gas purchases from the US, reducing its trade surplus with the US.
India is launching a national deepwater exploration mission to tap more of its energy resources, boost domestic energy supply, and reduce dependence on imports, Prime Minister Narendra Modi said on Friday.
India's state-run Bharat Petroleum Corp has awarded a five-month tender for 10 million barrels of U.S. oil to European trader Glencore, two people with knowledge of the matter said, aiding India's efforts to deepen energy ties with Washington.
India could face an annual $5 billion surge in its oil import bill if forced to replace Russian crude, as pressure mounts following a new US tariff order targeting one of Moscow's top energy customers.
Chinese Ambassador Jiang Zaidong suggests Pakistan can expand the China-Pakistan Economic Corridor to Afghanistan and Iran, boosting connectivity and trade, and accelerating the strategic shift from geopolitics to geo-economics.
Trump’s plan to impose a 25% tariff on Indian imports over its Russian crude purchases puts India in a dilemma between preserving $87B in U.S. exports or saving billions through discounted oil.
Azerbaijan's president on Sunday condemned Russian air strikes on Azerbaijani oil and gas facilities in Ukraine but said energy cooperation between the two countries would continue.
Subhash Goyal, Chairman of the Chamber of Commerce's Tourism Expert Committee, criticizes India's disproportionate focus on Russian oil purchases, arguing that India will buy oil from any source.
Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, on Friday outlined India’s ongoing efforts to enhance domestic energy production while acknowledging the country’s continued reliance on imports to meet rising demand.
President of Azerbaijan and ExxonMobil signed an energy deal on Thursday (August 7) at the Waldorf Astoria hotel in Washington, D.C., Reuters reports.
India has approved 300 billion rupees ($3.4 billion) compensation to oil marketing companies for losses incurred in selling subsidised cooking gas, Information and Broadcasting Minister Ashwini Vaishnaw said on Friday.
India's exports of refined fuel are in the spotlight after last month's European Union sanctions while U.S. President Donald Trump has threatened a tariff hike over its oil purchases from Russia.
The Washington administration is imposing additional tariffs in the amount of 25% on India in connection with its purchase of Russian oil.
Despite new European Union (EU) sanctions and warnings from the United States, state-run Indian oil companies are expected to continue purchasing Russian crude using dirhams for payment, according to officials cited by Moneycontrol.
Despite progress in U.S.-China trade talks, Beijing firmly rejects Washington’s demand to stop buying oil from Iran and Russia, citing national interests and energy security.
The International Court of Justice (ICJ) has issued a landmark advisory opinion affirming that countries are legally obligated to reduce greenhouse gas emissions—a ruling that may pave the way for compensation claims against major historical polluters.
ADNOC Gas has signed a 10-year agreement with Indian energy giant HPCL to supply them with 0.5 million metric tons per annum of liquefied natural gas.
The Iraqi Minister of Industry and Minerals, Khalid Battal al-Najm, and officials from Saudi Arabia’s Ajyal Group discussed on last Tuesday a possible deal to construct a petrochemical complex in Iraq.