Trump sanctions take effect today: Will India stop buying Russian crude oil? Yes — and no.
US sanctions on Russia’s Rosneft and Lukoil, effective November 21, 2025, are impacting India’s oil imports. Russian crude loadings for India have significantly dropped, forcing ...
Oil market ‘lopsided’ as output surpasses demand; four million BPD supply surplus likely by 2026: IEA
Global oil markets are bracing for a significant surplus, with production set to outstrip demand by over four million barrels daily by 2026, according to ...
Trump sanctions impact on India’s Russian oil trade: Refiners stop placing new orders, await clarity; US crude imports at highest since 2022
Indian oil refiners are halting new Russian crude orders following fresh US and EU sanctions targeting Russian energy giants. This strategic shift, driven by a ...
Crude oil: Opec+ to raise production by 137,000 bpd from November; group stays cautious amid supply glut fears
Opec+ members, including Saudi Arabia and Russia, decided to raise oil production quotas by 137,000 barrels per day for November. This move aims to reclaim ...
S&P Global warns! Taking out Russian oil would turn price dynamics ‘upside down’; Trump tariffs driving India to economic independence
S&P Global forecasts oil prices dropping to $55-60 a barrel next year, though removing Russian oil could fundamentally alter market dynamics. Surprisingly, high US tariffs ...
Indian refiners jumping at chance: How Ukraine attacks on Russia’s refineries are indirectly benefiting India’s crude buys – explained
Ukraine’s drone attacks on Russian oil refineries created a crisis, which India has seized as an opportunity. Indian refiners are capitalizing on discounted Urals crude, ...
‘Extremely unfortunate’: India reacts strongly to Donald Trump’s 25% additional tariff for buying Russian oil; ‘will take all actions necessary…’
India has strongly condemned the US’s decision to impose an additional 25% tariff on Indian crude oil imports from Russia. The Ministry of External Affairs ...
Global oil supply: Iran may use threat of closing Strait of Hormuz as leverage only; analysts say markets remain in surplus
Despite Iran’s repeated threats to close the Strait of Hormuz, a vital chokepoint for global oil, analysts believe an actual shutdown is unlikely, viewing it ...
‘Fundamentally well supplied..’: Brent crude prices expected to average $70 in FY26 despite Israel-Iran conflict, says report
Emkay Research projects Brent crude oil prices to average $70 per barrel in fiscal year 2026. This is despite Middle East tensions. Oil markets are ...
