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Tuesday, February 3, 2026
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’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.

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.

Russia offers oil to India at steep discounts on direct purchase

Russian oil has been flowing to Asia in greater volumes as buyers across Europe and the U.S. shun supplies, following the invasion of Ukraine. India and China have been the key buyers.

More petrol, diesel excise duty cuts not expected as Modi govt sees crude prices stabilising

Officials say for fiscal calculations, govt assumes avg price of crude for 12 months, so no need for excise duty cut. Decision on Russia’s offer of crude supply in a few weeks.

On Camera

Don’t ask what to do with boys who rape. Ask what turned them into assaulters in the first place

Young boys who should be sweating about schoolwork are learning how to corner women. Are we now supposed to add children to the list of people we need to protect ourselves from?

Floundering PM Internship Scheme has seen 44% drop out since 2024 launch. Budget deals drastic blow

Only 21 percent of interns complete programme as Centre slashes budget by over 50% after poor joining and high attrition.

CDS Gen Chauhan in Armenia, focus on deeper defence ties including new deals

Armenia has procured significant defence equipment from India, including artillery guns, multi-barrel rocket launchers, air defence system, sniper rifles, weapons locating radars, anti-drone weapons.

Swiss report should now close Op Sindoor debate. Knowing when to stop the fight is key too

The key to fighting a war successfully, or even launching it, is a clear objective. That’s an entirely political call. It isn’t emotional or purely military.