Daily Latest News
The US has renewed temporary waivers that would allow the purchase of Russian oil already loaded onto tankers, despite Treasury Secretary Scott Bessent ruling out any such relief earlier this week. Being a key importer of Russian oil, India would be a major beneficiary of the move, securing its oil needs in the tumultuous energy…
America has told India that it can soon start buying crude oil from Venezuela. According to three sources related to the matter who spoke to Reuters, America is presenting this supply as an alternative to Russian oil, because India is going to rapidly reduce the import of Russian oil. read more This initiative has come…
Russian Oil Import: In the wake of tightening global sanctions on Moscow, India devised a method to bring in discounted Russian crude oil without breaching international law or raising costs at home. The operation, carried out in international waters near the Gulf of Oman, saw Indian-linked tankers conduct discreet ship-to-ship (STS) transfers to secure the…