Page 7 - Russia Oil Production

Trump's aide Navarro criticises India again over Russian oil purchases

White House trade adviser Peter Navarro has once again criticised India for continuing to procure Russian oil. In the last few weeks, Navarro has made a series of attacks on New Delhi for its energy ties with Russia. "Wow. @elonmusk is letting propaganda into people's posts. That crap note below is just that. Crap. India buys Russia oil solely to profiteer. It didn't buy any before Russia invaded Ukraine. Indian govt spin machine moving high tilt. Stop killing Ukrainians. Stop taking American jobs," Navarro said in a post on X on Saturday. India has been maintaining that its energy procurement is driven by national interest and market dynamics. Navarro was responding to a community note on his earlier post in which he had claimed that India's purchase of Russian oil "feeds" the Russian "war machine". "India highest tariffs costs US jobs. India buys Russian oil purely to profit/Revenues feed Russia war machine. Ukrainians/Russians die. US taxpayers shell out more. India can't hand

Reliance's refining margins projected to stay strong compared to PSU peers

Company's Russian crude imports give it cost advantage, according to analysts

Will buy Russian oil, says FM Nirmala Sitharaman as US turns up the heat

India will be at negotiating table 'in a month or two', says Lutnick

India will continue to buy Russian oil as required, says FM Sitharaman

Finance Minister Nirmala Sitharaman said India will keep buying Russian oil, stressing that the country's energy decisions are guided by national interest and citizens' needs

Trump urges European leaders to stop Russian oil imports, cites Ukraine war

In a 'Coalition of the Willing' call, US President Donald Trump urged European leaders to stop buying Russian oil that funds the war in Ukraine and called for stronger security support

EU ban on Russian fuel: India's diesel exports to Europe surge 137% in Aug

Analysts credited the surge in Europe's demand to multiple factors, including an unexpected early maintenance at a major refinery and projected winter demand

Imposed tariffs on India over Russian oil imports: US govt to Supreme Court

The Trump administration has told the US Supreme Court that it imposed tariffs against India for purchasing Russian energy products "to deal with a preexisting national emergency regarding Russia's war in Ukraine and as a "crucial aspect" of the President's push for peace in the country. Trump has imposed 25 per cent reciprocal tariffs on India and an additional 25 per cent levies for Delhi's purchases of Russian oil, bringing the total duties imposed on India to 50 per cent, with effect from August 27. In a 251-page appeal to the Supreme Court, submitted Wednesday, the Trump administration said that the President recently authorised IEEPA (International Emergency Economic Powers Act) tariffs against India for purchasing Russian energy products, to deal with a preexisting national emergency regarding Russia's war in Ukraine, as a crucial aspect of his push for peace in that war-torn country. The appeal further states that the stakes in this case could not be higher. The President an

Brahmins profiteering off Indians: Trump adviser Navarro justifies tariffs

White House trade adviser Peter Navarro alleged Indian refiners profit from Russian crude, calling India a 'laundromat for the Kremlin'

Navarro backs Trump tariffs, says road to Ukraine peace runs through Delhi

White House adviser Peter Navarro has accused India of funding Moscow's war through Russian oil buys, defending Trump's 50% tariffs and warning that 'the road to peace in Ukraine runs through New Del

US tariff hike, Russian oil deals cloud Reliance's annual investor meet

Shareholders will certainly be looking out for details on the much-anticipated listings of Reliance's telecoms and retail operations, plus prospect for outside investment into clean energy business

Trump 'not happy but not surprised' by Russian strikes on Ukraine: WH

Russia carried out long-range strikes on Ukrainian military targets on Thursday, deploying a range of weapons including hypersonic air-launched Kinzhal missiles

India should rethink Russian oil imports as US tariffs hit: Raghuram Rajan

Former RBI governor Rajan pointed out that refiners have been earning excess profits from importing Russian oil, while exporters have taken a hit due to tariffs imposed by the US

Why India's Russian oil imports sparked US tariffs amid Ukraine peace talks

White House trade adviser Peter Navarro said India's purchases of Russian crude were funding Moscow's war in Ukraine and had to stop

Russia faces fuel shortages after Ukrainian drone strikes on refineries

Gas stations have run dry in some regions of Russia after Ukrainian drones struck refineries and other oil infrastructure in recent weeks, with motorists waiting in long lines and officials resorting to rationing or cutting off sales altogether. Wholesale prices on the St Petersburg International Mercantile Exchange for A-95 gas the highest octane spiked to record highs last week, soaring to about 50 per cent higher than in January, as demand soared from farmers seeking to bring in the harvest and Russians hitting the roads for their last big vacation of the summer. Russian media outlets reported fuel shortages are hitting consumers in several regions in the Far East and on the Crimean Peninsula, which was illegally annexed from Ukraine by Moscow in 2014. Media outlets in the Primorye region, which borders North Korea, reported long lines and prices of about 78 rubles per litre (approximately USD 3.58 per gallon) at gas stations in the area, where the average monthly wage is about

Trump's 50% tariffs take effect today: Which sectors are in firing line?

The Donald Trump-led US administration links the 50% duty to India's Russian oil imports; sectors from textiles to seafood brace for impact

Exxon Mobil exploring return to Russia's Sakhalin: Here's what we know

After its 2022 exit, Exxon is exploring a return to Russia's Sakhalin-1 project. The firm has been in talks with Russian energy major Rosneft, as Putin signals openness during Alaska summit

Oil prices dip after hitting three-week high on Russian supply concerns

Oil's rally on Monday was primarily driven by supply risks after Ukraine strikes on Russian energy infrastructure and the possibility of further US sanctions on Russian oil

Indian refiners to trim Russian oil purchases as higher US levies loom

State-run and private processors, including heavyweight Reliance Industries Ltd., are expected to buy 1.4 million-to-1.6 million barrels a day for October loading and beyond

Russian oil supplies to Slovakia may resume today, says Slovak minister

Slovakia and Hungary said on Friday that their supplies of Russian oil could be suspended for at least five days after a Ukrainian strike on a facility in Russia

Jaishankar calls out West's double standards on Russian energy purchases

India's External Affairs Minister S Jaishankar said that the US itself had encouraged India to stabilise the world energy market by continuing to buy crude oil from Russia