New Delhi: India has sharply increased its imports of crude oil from the United States during the first eight months of the current financial year, registering a year-on-year growth of over 92 per cent, according to official data. Despite the surge, Russia continues to be India’s largest crude oil supplier. Data released by the Ministry Read More…
State-run Oil India Ltd. (OIL) has discovered natural gas in its exploratory well Vijayapuram-2, drilled in the Andaman Shallow Offshore Block AN-OSHP-2018/1 under India’s Open Acreage Licensing Policy (OALP). Preliminary tests confirmed gas inflow, validating the presence of natural gas, while advanced gas isotope studies are underway to assess its origin and maturity. OIL hailed Read More…
China has strongly condemned a U.S. proposal urging G7 and NATO allies to impose extra tariffs on countries buying Russian oil, including China, warning that it will take firm countermeasures if its national interests are targeted. At a press briefing, Foreign Ministry spokesperson Lin Jian called Washington’s push “a typical act of unilateral bullying and Read More…
Washington: Imposing additional tariffs on countries purchasing Russian oil will increase pressure on Moscow and push President Vladimir Putin to the negotiating table, said Scott Bessent, a senior U.S. official, in an interview with NBC News. Bessent revealed that President Donald Trump and Vice President J.D. Vance held a “very productive” call with European Commission Read More…
New Delhi: India has firmly stated that it will continue importing oil from Russia, making it clear that it will not yield to international pressure. “India will buy oil from whoever offers it at the lowest price. What matters are market conditions,” said Vinay Kumar, India’s Ambassador to Russia, underscoring that national and economic interests Read More…