India faces $9–11 billion oil bill spike: Forced pivot from Russian crude after Trump's 'penalty' could hit margins- What analysts say
Sunday, 3 August 2025 () Amidst potential US penalties and EU sanctions, India faces a complex challenge in its Russian oil trade. A shift away from discounted Russian crude could inflate India's import bill by billions, impacting refiners and potentially destabilizing retail fuel prices. Despite claims, India continues to procure Russian oil, balancing economic factors with international norms.
In a dramatic and controversial trade move, U.S. President Donald Trump has announced a major oil partnership with Pakistan just hours before slapping India with a harsh 25% tariff and an additional penalty. While praising Pakistan’s “massive oil reserves,” Trump hinted that the oil might one...
Putin has lashed out at U.S. President Donald Trump over his threat to impose higher tariffs on India if it continues buying Russian oil. The Kremlin condemned the move as “illegal” and an attack..
India has firmly rejected U.S. President Donald Trump’s tariff threats over its continued purchase of Russian oil, vowing not to bow to external pressure. In a defiant statement, New Delhi reminded..
In a dramatic display of low-tech defense, Russian troops reportedly shot down six Ukrainian unmanned aerial vehicles (UAVs) using assault rifles during an attempted drone attack on a freight train in..
India's annual oil import bill could surge by USD 9-11 billion if the country is compelled to move away from Russian crude in response to US threats of... DNA
Sunday, 3 August 2025 ()
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