Global oil prices could climb sharply in the coming months if disruptions to crude shipments through the strategically vital Strait of Hormuz continue, with Brent crude potentially rising above $120 a barrel by the fourth quarter, according to a Goldman Sachs assessment. The projection comes amid heightened geopolitical tensions in the Middle East and growing...
The energy relationship between India and Russia has emerged as one of the most significant pillars of their broader strategic partnership, evolving from traditional oil trade into a multidimensional collaboration encompassing crude oil, natural gas, liquefied natural gas (LNG), nuclear energy, critical minerals, infrastructure development, and emerging Arctic opportunities. As global energy markets continue to...
Washington: In a sharp rebuke to India’s energy strategy, US President Donald Trump’s trade adviser Peter Navarro has labelled New Delhi the “Maharaj of tariffs” and accused it of running a “profiteering scheme” by importing Russian oil. Navarro confirmed that punitive tariffs of 50% on Indian imports will take effect as planned next week, including...