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Tuesday, November 5, 2024
TopicOil

Topic: Oil

‘No problem with Russian oil refined in India entering Germany,’ says ambassador Ackermann

No issue as long as price cap is respected, says German envoy. In contrast, EU foreign policy chief has called for crackdown on import of fuels from India, citing use of Russian oil.

Alaska oil drilling protesters disrupt White House climate adviser appearance

A dozen protesters chanted, 'keep your promise, no new drilling' for several minutes, preventing Ali Zaidi, White House climate adviser, from delivering his address.

‘US happy for India, can buy as much Russian oil as it wants’, says Treasury Secretary Yellen

US Treasury Secretary Janet Yellen said India can buy Russian oil, even outside G7-imposed price cap mechanism, if it steers clear of Western insurance, finance & maritime services.

India under no moral conflict to stop buying Russian oil, says Union Minister Hardeep Singh Puri

Responding to question by CNN, the Union Petroleum Minister also defended India's Russian oil purchases stating that India buys in a quarter what Europe buys in one afternoon.

India’s oil imports from Middle East fall to a 14-month low, Russian imports increase

Russia's share of India's oil imports surged to an all-time high of 23% from 19% the previous month while that of the Middle East declined to 56.4% from 59%, the data showed.

Saudi king names heir Mohammed bin Salman PM, second son as defence minister

The leadership change announced in a royal decree Tuesday, keeps the ruler's other son, Prince Abdulaziz bin Salman as energy minister. Foriegn & Finance ministers have remained the same.

Commercial LPG price slashed by Rs 91.5/cylinder, no change in rate of domestic gas

State-owned oil firms have, however, started imposing limits on a 14.2-kg LPG refill a household can order.

Buying Russian oil is ruble wise but rupee foolish. It bloodies India’s hands

US has no moral rectitude to deliver ethical sermons. But regardless, India must take a holistic view in purchasing oil from Russia—it's not a rosy picture.

Oil resumes decline as market grapples with tumultuous trading

Oil resumed its decline as the fallout from Russia’s war in Ukraine and China’s Covid-19 resurgence continued to rattle the market.

US needs oil, and Iran needs end to sanctions, but they still can’t agree on nuclear deal

In principle, the deal couldn’t be easier. America needs Iran’s oil and gas to help wean the world off Russian hydrocarbons. Iran needs an end to sanctions that have hurt its economy.

On Camera

Trudeau is nursing snakes in his own backyard. Misguided Sikhs in Canada are losing the plot

By turning a blind eye to the snakes in his own backyard, Trudeau is setting the stage for a disaster of epic proportions for his country, his people, and the world at large.

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

As IDF unveils robotic combat task force, Israeli maker says open to working with India

Using this technology, IDF carried out fully robotic combat missions, drastically reducing risk to Israeli troops. The robotic combat task force also enhanced situational awareness.

Xi wanted to teach India about imbalance of power. We should take a budgetary lesson from it

While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.