By Sam Li and Florence Tan (Reuters) -Oil prices edged higher on Monday after Ukraine stepped up attacks on Russia, fanning concerns Russian oil supply could be disrupted, while expectations of a cut in U.S. interest rates buoyed the outlook for global growth and fuel demand. Brent crude futures rose 6 cents, or 0.09%, to…
White House trade adviser Peter Navarro on Thursday accused India of “cozying up” to Chinese President Xi Jinping, as he lashed out at New Delhi for still continuing to do oil trade with Russia. Chinese President Xi Jinping and Prime Minister Narendra Modi.(REUTERS/Representative) Addressing the media, Navarro, who has also been critical of India over…
White House trade adviser Peter Navarro has levelled fresh charges against India over its purchase of oil from Russia, alleging the country is a “laundromat for the Kremlin”. Navarro’s attack comes days after he termed India the “Maharaja of tariffs” as he backed US President Donald Trump’s doubling of duties on Indian goods entering the…
By Nidhi Verma NEW DELHI (Reuters) -Indian refiner Nayara Energy, backed by Russia and under European Union sanctions, is relying on a dark fleet to import oil and transport refined fuels, according to shipping reports and LSEG flows. Nayara, which controls about 8% of India’s 5.2 million barrel-per-day refining capacity, has been struggling to transport…
WASHINGTON: US Treasury Secretary Scott Bessent on Tuesday accused India of “profiteering” by purchasing Russian energy cheaply and reselling refined energy products in global markets while defending Washington’s decision not to punish China for similar trade with Russia. FILE PHOTO: U.S. Treasury Secretary Scott Bessent speaks to reporters at the U.S. Capitol (REUTERS) Bessent said…
By Siyi Liu SINGAPORE (Reuters) -Chinese refineries have purchased 15 cargoes of Russian oil for October and November delivery as Indian demand for Moscow’s exports falls away, two analysts and one trader said on Tuesday. India has emerged as the leading buyer of Russian seaborne oil, which has sold at a discount since some Western…
US Secretary of State Marco Rubio warned on Monday that energy prices could rise if the United States imposes secondary sanctions on China for refining Russian oil. The statement follows growing questions over why the U.S. imposed an additional 25% tariff on India for purchasing Russian oil, while taking no similar action against China.In an…
US Secretary of State Marco Rubio has cited “implications” that could play out globally if a country like China is sanctioned for its oil trade with Russia. His remarks come weeks after US President Donald Trump threatened an additional 25 per cent tariff on Indian imports for buying Russian oil. US President Donald Trump and…
US Secretary of State Marco Rubio has acknowledged that imposing secondary sanctions on China for refining Russian oil could drive up global energy prices, even as Washington has punished India with additional tariffs for continuing to purchase crude from Moscow. Speaking to Fox News on August 17, Rubio cautioned that targeting Chinese refiners would have…
US President Donald Trump on Saturday said he may have to think of retaliatory tariffs on countries buying Russian oil in two to three weeks, but doesn’t have to do so right now. US President Donald Trump speaks during a joint press conference with Russian President Vladimir Putin.(AFP) His remarks came shortly after he concluded…