India’s energy trade with the United States underwent a significant shift during the first quarter of financial year 2026-27, with imports of petroleum products, led largely by liquefied petroleum gas (LPG), registering a sharp increase even as purchases of American crude oil declined substantially. Government trade data showed that India’s imports of petroleum products from...
The United States has extended its sanctions waiver on Russian seaborne oil for another 30 days, a move that is expected to provide temporary relief to India and several other energy-dependent nations grappling with rising global oil prices and supply uncertainty. The extension comes at a time when global crude markets remain under pressure due...
The much-anticipated Alaska summit between US President Donald Trump and Russian President Vladimir Putin concluded without a clear breakthrough, leaving India in a difficult position. Hopes for a positive outcome that could have averted an additional 25% US tariff on Indian exports were dashed, as the two leaders failed to resolve their differences over the...