Sunday, April 14, 2024

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The US has not asked India to reduce its purchase of Russian oil, says American treasury official

The United States has not asked India to cut Russian oil imports, an American treasury official said on Thursday.

Russia Ukraine conflict: CNN claims India is hurting US by helping Putin get richer. Here’s how it is wrong & sinister for so many...

While India's purchase of crude oil comes is far from hurting any economy and instead has stabilised the global economy in a volatile geopolitical environment, the United State's historical funding to Pakistan has come at a huge cost to India, its neighbourhood and human rights at large.

Iran captures oil tanker ‘St Nikolas’ alias Suez Rajan in Gulf of Oman, the same ship US had taken from Iran a year ago...

The US has responded calling the act as unlawful. Pentagon said that Iranian forces unlawfully boarded the St Nikolas and forced it to change course towards the Iranian territorial waters

ONGC starts oil production from deep sea in Krishna Godavari basin offshore project: PM Modi calls it remarkable step in India’s energy journey

Union Minister Hardeep Singh Puri added that production is expected to be 45,000 barrels per day of oil and over 10 million standard cubic metres per day of gas.

Oil and Natural Gas Corporation to start production of crude oil at its deep-water project in Krishna Godavari Basin next week

ONGC is expected to start crude oil production from its deep-water project in Krishna Godavari Basin.

India saved at least USD 7 billion in foreign exchange in 14 months by importing discounted Russian crude oil

Indiam refiners saved over USD 7 billion in foreign exchange by increasing crude oil imports from Russia

De-Dollarization: Indian refineries use Chinese Yuan for some oil imports from Russia, say reports

Some oil imports from Russia to India are being paid in Chinese Yuan, reports

Pakistan: Oil industry on verge of collapse, largest refinery shuts for a week amid severe economic crisis

Pakistan is facing unprecedented economic crisis with people running riots over shortage of basic necessities like flour.

Vladimir Putin signs Decree banning export of oil to countries and entities implementing the price cap on Russian oil

The decree says that the supply of Russian oil and oil products to foreign legal entities and individuals persons is prohibited if they support the price cap

Six non-BJP-ruled states have not reduced VAT on petroleum products: Union Minister Hardeep Singh Puri

Puri said Bengal, Telangana, Kerala, Tamil Nadu, Andhra Pradesh and Jharkhand are yet to reduce VAT on petroleum products.

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