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India plans to cut reliance on Middle East oil, tap spot market after war shockIndia's state refiners are pivoting away from Middle Eastern oil contracts following the Iran war's supply disruptions. They plan to boost ...
India's Russian oil imports to hit record high in June, data showsIndia's Russian oil imports hit an all-time high in June, reaching approximately 2.70 million barrels per day. This surge is attributed to ...
Russia may allow lower quality fuel production, imports as supply crisis bites: ReportRussia is reportedly considering a temporary rollback on fuel quality standards, allowing the production and import of lower-grade gasoline...
India seeks EU scrap export relief as curbs threaten trade pact gainsIndia has urged the European Union to reconsider planned restrictions on metal scrap exports. Steel and aluminium producers fear these curb...
Markets poised for a cautious start as GIFT Nifty trades flatIndian markets ended Thursday on a high note, with the Nifty 50 climbing nearly 1% from its lowest point. This positive momentum was fueled...
Ukraine's drone assault ignites major oil refinery in RussiaUkraine intensified its drone attacks on Russia, hitting a major oil refinery in the Krasnodar region and causing at least one fatality. Pr...
Ukraine hits defence plant in Russia's Volgograd region, Zelenskiy saysUkraine's domestically produced Flamingo missiles have successfully targeted a Russian plant manufacturing artillery and missile launch sys...
Oil prices dive as more tankers move through Strait of HormuzCrude oil prices experienced a significant drop, heading for steep weekly losses as tanker traffic through the Strait of Hormuz increased, ...
Ukraine unleashes one of its heaviest drone bombardments of RussiaUkraine unleashed a massive drone assault across a dozen Russian regions and Crimea, reportedly targeting oil facilities and naval vessels....
Russia says US arming Ukraine could have global "consequences", labels Zelenskyy's Belarus remarks as "terrorist nature"Russia has issued a stern warning to the US, cautioning that continued military aid to Ukraine could trigger "unforeseen consequences" for ...
Indian refiners unlikely to rush for Iranian oil despite temporary US sanctions waiver, says analystIndian refiners are unlikely to sharply raise purchases of Iranian crude despite a 60-day US sanctions waiver, as uncertainty over its dura...
EU targets Amazon, Microsoft cloud units for Big Tech 'gatekeeper' rulesEU antitrust regulators are eyeing Amazon and Microsoft's cloud services, AWS and Azure, as potential 'gatekeepers' under new tech rules. T...
Europe must be ready to replace key US weaponry 'soon': EU defence chiefEurope faces an urgent need to bolster its defence capabilities as the US considers reducing its military presence on the continent. EU def...
Indian captain of sanctioned Russian oil tanker arrested in UK; family seeks government interventionAn Indian captain, Ajay Pant, has been arrested in the UK and charged with breaching sanctions after his Russian oil tanker was intercepted...
Russia tells Europe: Yes to talks, no to ultimatumsRussia has signaled openness to dialogue with European nations, emphasizing that talks must not be based on ultimatums or perceived weaknes...
What sanctions are there on Iran and will they be lifted?Iran's oil sales may see a waiver under a new interim deal. However, the country remains under a complex network of international sanctions...
India's Russian oil imports rise in May as refiners boost purchasesIndia continued its strong demand for Russian fossil fuels in May. The nation emerged as the second-largest buyer globally, importing hydro...