Page 7 - European Union

How Brazil, US, and EU tackled ethanol blends before India's E20 push

India's move to widespread E20 ethanol-blended petrol follows the footsteps of Brazil, the US, and Europe - offering key lessons in consumer acceptance, industry policy, and vehicle readiness

India's Nayara Energy ships out first gasoline exports since sanctions

Oil tanker Tempest Dream, carrying about 43,000 metric tons of gasoline, sailed out on August 4, according to the sources and shipping data

Tankers deliver barrels of Russian crude to India despite US, EU pressure

India's appetite for discounted Russian crude, and its position as the single largest buyer of Moscow's seaborne oil, has long been a pain point for the US and Western allies

Nayara Energy's pump supplies steady amid EU, US sanctions trouble

Only casualty for now is the export of fuels by the refiner

Indian oil refiners scramble for crude amid US, EU crackdown on Russia

A major buyer of Russian oil, India is now finding itself blindsided by a more aggressive approach to the Kremlin from both Washington and Brussels

India's imports of Russian oil under spotlight after Trump tariffs

From just 0.2 per cent before the Russia-Ukraine war to now accounting for 35-40 per cent of total crude imports, India's reliance on Russian oil has surged -- drawing fresh scrutiny with US President Donald Trump announcing a penalty on top of a 25 per cent tariff, or tax, on all goods going to the US. India historically bought most of its oil from the Middle East, including Iraq and Saudi Arabia. However, things changed when Russia invaded Ukraine in February 2022. India, the world's third-largest crude importer after China and the US, began snapping up Russian oil that was available at a discount after some in the West shunned it as a means to punish Moscow for its invasion of Ukraine. From a market share of just 0.2 per cent in India's import basket before the start of the Russia-Ukraine conflict, Russia overtook Iraq and Saudi Arabia to become India's No.1 supplier, with a share as high as 40 per cent at one point of time. This month, Russia supplied 36 per cent of all crude o

Microsoft restores services to Nayara Energy after abrupt EU-linked block

Microsoft resumed digital services for Nayara Energy following EU sanctions-related disruption, after the company moved court over an abrupt suspension without notice

Indian shipowners urge Nayara to end vessel charters after EU sanctions

Indian firms seek charter exits with Nayara amid EU sanctions; company files Delhi HC plea against Microsoft for suspending digital access citing compliance

Nayara taps Indian IT firm Rediff.com after Microsoft suspends service

Nayara, a major buyer of Russian oil that is 49 per cent owned by Russian oil major Rosneft, has struggled with disruptions since coming under European Union sanctions this month

US-EU trade deal wards off escalation, to raise costs for firms, consumers

President Donald Trump and European Commission President Ursula von der Leyen have announced a sweeping trade deal that imposes 15% tariffs on most European goods, warding off Trump's threat of a 30% rate if no deal had been reached by August 1. The tariffs, or import taxes, paid when Americans buy European products could raise prices for US consumers and dent profits for European companies and their partners who bring goods into the country. Here are some things to know about the trade deal between the United States and the European Union: What's in the agreement? Trump and von der Leyen's announcement, made during Trump's visit to one of his golf courses in Scotland, leaves many details to be filled in. The headline figure is a 15% tariff rate on the vast majority of European goods brought into the US, including cars, computer chips and pharmaceuticals. It's lower than the 20% Trump initially proposed, and lower than his threats of 50% and then 30%. Von der Leyen said the two s

Nayara Energy moves Delhi HC against Microsoft for suspending key services

Nayara Energy has filed a case against Microsoft in Delhi High Court over the sudden suspension of licensed services, including email and Teams, following EU sanctions on its Russian-linked ownership

Explained: What is the new 15% US-EU tariff deal and what does it cover?

Donald Trump and EU chief von der Leyen agree to 15 per cent tariffs on most EU goods, avoiding a 30 per cent hike; deal includes zero tariffs on select items, major energy buys, but key gaps remain

Donald Trump, EU's Von Der Leyen cite conflicting details on trade deal

The European Union said it would accept a 15 per cent tariff on nearly all its exports to the US. Trump told reporters that the bloc also agreed to open up its countries to trade at zero tariff

US, EU agree trade deal, EU will see 15% tariff across the board

The deal, that includes a 15 per cent tariff on EU goods entering the US and significant EU purchases of US energy and military equipment, will bring welcome clarity for EU companies

A shift in mindset: India-UK trade deal paves way for those with EU, US

The question is how much this shift in mindset can be applied now to other trading partners, particularly the European Union (EU)

Trump says 50-50 chances of negotiating a trade deal with European Union

Trump earlier this month issued a letter saying the EU would face a 30 per cent tariff on most goods if they fail to reach an agreement by Aug 1

Iran, European powers hold 'frank' nuclear talks as UN sanctions loom

Delegations from the European Union and so-called E3 group of France, Britain and Germany met Iranian counterparts for about four hours at Iran's consulate for talks

Alessandro des Dorides resigns as Nayara CEO; Sergey Denisov to take charge

The reshuffle at the top is the latest disruption for the company since the EU announced a new round of sanctions last Friday directed at Russia over its war in Ukraine

China's Li Qiang puts factory boom down to hard work, not subsidies

Li's unusually frank remarks were made during a long speech to European businesspeople at a symposium in Beijing's Great Hall of the People that was also attended by Chinese Commerce Minister

Govt plans to bring oil firms' private pipelines under PNGRB oversight

Oil ministry plans to amend the Petroleum and Natural Gas Regulatory Board Act to bring oil firms' captive pipelines under regulatory oversight, enabling third-party access & uniform safety standards