India is once again at the center of global diplomatic attention after former U.S. President Donald Trump claimed that Prime Minister Narendra Modi had agreed to halt Russian oil imports. The Indian government swiftly denied the statement, emphasizing that its energy decisions are made independently and based solely on national interest. This move highlights New Delhi’s determination to maintain strategic autonomy amid increasing international pressure. Over the past two years

Hours after United States President Donald Trump asserted that Indian Prime Minister Narendra Modi had personally assured him that New Delhi would soon halt the purchase of oil from Russia, the Indian government issued a carefully worded statement reiterating its independent energy policy. The clarification underscored India’s commitment to protecting its national interests and consumers amid global price volatility, without directly confirming or denying Trump’s remarks. In a s

Russia is offering India bigger oil discounts, with the price of its Ural grade oil dropping to a discount of $3 to $4 per barrel, as reported by Bloomberg. The price reduction applies to cargoes expected to load in late September and October, reflecting Moscow’s efforts to maintain its oil trade with India amid rising tensions with the US. India has become a significant importer of Russian crude oil, especiall

Peter Navarro, a senior White House trade adviser known for his protectionist stance on global trade, has once again turned his attention toward India, this time accusing New Delhi of running what he describes as a profiteering scheme through its purchase of discounted oil from Russia. His remarks have reignited debate over the geopolitical and economic implications of India’s energy policies since the outbreak of the Ukraine war.

US Secretary of State Marco Rubio has acknowledged that the idea of imposing secondary sanctions on China for refining Russian oil carries serious risks for the global economy, warning that such measures could drive up energy prices at a time when the market is already under strain. His remarks come amid ongoing friction over India’s continued oil trade with Moscow, which has led Washington to impose additional tariffs on New Delhi. The dual focus on China

Indian cuisine is known for its vibrant flavors and rich textures, but often these dishes come with a significant amount of oil, which adds to the calorie content. For those looking to enjoy the essence of Indian food without the excess fat, low-oil versions of traditional dishes are a great option. These low-oil Indian recipes are perfect for anyone aiming for a healthier lifestyle without compromising on taste. He

US Senator Lindsey Graham, a close ally of President Donald Trump, has issued a direct warning to India, China, and Brazil over their continued purchase of oil from Russia, suggesting that these nations could face severe economic consequences. Speaking during a live interview on Fox News, Graham revealed that the Trump administration plans to impose a 100% tariff on oil imports from countries that maintain trade relations with Russia. This bold statement comes

Oil sector stocks in India saw notable gains today, largely driven by major geopolitical developments. A ceasefire between Iran and Israel led to a sudden shift in oilarket sentiment, reversing a recent upward trend in crude prices. The announcement resulted in a noticeable decline in global oil benchmarks, which had been elevated due to the prior escalation of tensions. Brent crude, which had surged earlier in the week to a peak of $81.40 per barrel, dropped sharply following the

Oil prices jumped to their highest levels in five months while Asian markets tumbled on Monday, following coordinated airstrikes by the United States and Israel on Iran's key nuclear facilities. The escalation has sparked fears of a broader conflict in the Middle East, with particular concern over the potential closure of the Strait of Hormuz a strategic waterway that handles nearly 25 percent of global oil trade and 20 percent of liquefied natural gas mov

As the Israel-Iran conflict escalates, its effects are rippling beyond diplomacy and military affairs, directly impacting global trade and oil prices. The Strait of Hormuz, a critical maritime passage that connects the Persian Gulf with the Arabian Sea, is once again at the center of attention. In 2023, nearly 21 million barrels of oil passed through the strait daily, representing about 20% of global petroleum liquids consumption. Any disruption in this corridor could cause dramatic shifts in

Global financial markets came under pressure on Friday as Iran launched hundreds of missiles toward Israel in retaliation for earlier airstrikes on its nuclear and military facilities. The geopolitical escalation sparked fears of a wider Middle East conflict, leading to a steep sell-off on Wall Street and sharp gains in oil and gold. The S&P 500 fell 1.1%, while crude oil futures jumped 7.5%, their largest single-day gain in over two years. The VIX fear g

Oil prices continued their downward trajectory for a third consecutive session as larger-than-expected builds in US crude and fuel inventories raised fresh doubts about demand strength. At the same time, market participants kept a close watch on the potential impact of renewed nuclear talks between Iran and the United States, which could alter global oil supply dynamics if sanctions are lifted. By Thursday morning, benchmark Brent crude slipped by 16 cents to $64.75 per barrel, wh

Korean cuisine has been making waves across the globe, and India is no exception. From fiery ramen bowls to bibimbap and crispy Korean fried chicken, the love for Korean flavors is rapidly growing. Among these culinary delights, kimchi stands tall as a beloved and iconic dish. Traditionally made with fermented cabbage or radishes, kimchi is celebrated for its punchy flavors and impressive health benefits. But what if you could give this Korean staple an Indian twist? Enter Raw Mango

Oil prices rose on Monday as encouraging signs from trade talks between the United States and China improved market sentiment. Over the weekend, both sides reported progress in negotiations, helping ease concerns in global markets and fueling optimism that the two largest crude consumers are moving closer to resolving their long-running trade dispute. Brent crude futures increased by 43 cents, or 0.67%, reaching $64.34 per barrel in early Asian trading. At the same time, U.S. West

During the holy month of Ramadan, dates play an integral role in Muslim traditions. As the sun sets and iftar time approaches, many Muslims break their fast with dates and water, a practice rooted in Islamic teachings and endorsed by the Prophet Muhammad (PBUH). This tradition is more than cultural — dates are packed with nutritional value, making them an ideal food after a long day of fasting. Rich in vitamins, minerals, fibre, and antioxidants, dates provide an immediate energy boost

US President Donald Trump's economic policies are facing significant challenges, according to market experts like Ramesh Damani and Samir Arora. While Trump has made bold promises, including ramping up US oil production and taking a tough stance on trade with countries like China, the actual implementation of these policies is likely to be constrained by governance realities. Damani pointed out that Trump's ambitious goal of increasing US crude oil production by three millio

Snack prices are feeling the impact of rising palm oil and potato costs, pushing many packaged food products to become more expensive. While domestic supply issues have caused potato prices to spike, global disruptions and increased import duties have made palm oil—a key ingredient in many snacks—costlier. As of recent reports, palm oil prices have hit their highest in over two years, with an all-India average price of Rs 130.5 per kg. Snack manufacturers, including Bika

In a landmark energy agreement, Russia’s state oil company Rosneft has committed to supply 500,000 barrels of crude oil per day to India’s Reliance for the next 10 years, worth approximately $13 billion annually. This deal represents about 0.5% of global oil supply and strengthens energy relations between India and Russia, especially as Russia faces intense Western sanctions due to its invasion of Ukraine. The deal is set to begin in January and will involve monthly deli

Oil prices have shown remarkable stability, remaining in a narrow range since mid-October, with West Texas Intermediate (WTI) crude fluctuating around $70 per barrel. This rangebound trend has been characterized by a significant drop in volatility, with recent levels at their lowest since August. Despite ongoing geopolitical risks, such as the tensions between Iran and Israel and the potential impacts of a second Donald Trump presidency, traders have remained cautious. The market's curren

The Finance Ministry is set to review the windfall tax on fuel exports, including petrol, diesel, and Aviation Turbine Fuel (ATF), following the stabilization of global crude oil prices. The tax, introduced in July 2022, was implemented to address the substantial profits earned by oil refiners exporting fuel, which had an impact on domestic supplies. The review will assess the tax’s effectiveness and the revenue it has generated, with the Ministry of Petroleum and Natural Gas already re