Poging GOUD - Vrij
Trump Tariffs Defuse US Sanctions on Russian Oil, Favor India
Business Standard
|April 09, 2025
May Neutralize Sanctions Enforced in Jan on Russian Oil Exports
Indian refiners are staring at an unexpected upside from US President Donald Trump's high global tariffs, which are neutralizing stringent sanctions enforced in January by the US on Russian oil exports, government and refining officials said.
Russia is India's biggest supplier of oil. Also, a large price cut by Saudi Arabia, India's third largest oil supplier, for May loadings to Asia and a higher-than-expected increase in OPEC output, partly prompted by volatility in the oil market from Trump's tariffs, stand to benefit Indian state-run refiners, refining officials said. Indian Oil, Bharat Petroleum and Hindustan Petroleum, among others, had agreed to term contract extensions this year with Iraq, Saudi Arabia and UAE, which together supply 40 percent of India's crude oil.
India is in a sweet spot, a top government official told Business Standard, as not only have oil prices crashed but Russian oil is down to $50 per barrel levels, leaving Washington's sanctions on Russian oil toothless.
Dit verhaal komt uit de April 09, 2025-editie van Business Standard.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN Business Standard
Business Standard
Oil prices set for biggest weekly loss in 10 mths after US-Iran ceasefire
Oil prices were poised for their biggest weekly declines since last June but remain elevated near $100 a barrel on concerns over supplies from Saudi Arabia and limited flows through the Strait of Hormuz.
1 mins
April 11, 2026
Business Standard
India’s 5-year opportunity
We now live in a world order that will keep shifting. India must use this window. This also means we remain disciplined enough not to be knee-jerked into reacting to what Pakistan sees as its moment in the sun
5 mins
April 11, 2026
Business Standard
Sound, now with a name
The familiar trumpet sound before the broadcast cuts in. A short, rising burst carries beyond the screen, into the next room, into spaces that are not watching but already know it. The Indian Premier League is on.
3 mins
April 11, 2026
Business Standard
New AI tools as WMD: Why India must be paranoid
Injust three and a half years since ChatGPT, AI has reached a critical juncture. It is close to empowering those who want to destroy our world
4 mins
April 11, 2026
Business Standard
Shapoorji Pallonji Group calls for Tata Sons listing
The Shapoorji Pallonji (SP) Group, a substantial minority shareholder of Tata Sons, repeated its call for a public listing of the Tata Group holding company, as it sought to convince the regulators that such a move is essential to unlock value for investors.
1 mins
April 11, 2026
Business Standard
Former Iranian foreign minister reported dead after being wounded in airstrike
A former Iranian foreign minister who once suggested Tehran could seek a nuclear weapon died on Thursday after being wounded in an airstrike last week, Iranian state television reported.
1 min
April 11, 2026
Business Standard
Mkts log best weekly gain in over 5 years on Iran-US truce
Friday sees first net FPI inflows since the start of conflict
3 mins
April 11, 2026
Business Standard
Shift to induction cooktop may add up to 27 Gw to power demand
As the government promotes induction cooking amid a cooking gas shortage, additional power demand of 13 gigawatts to 27 gigawatts is expected under low and high adoption scenarios.
1 min
April 11, 2026
Business Standard
$100 mn marine insurance pool on cards for vessels sailing through war zones
Indian general insurers and reinsurers are looking to set up a marine insurance pool worth $100 million to provide war insurance cover to vessels sailing through high-risk zones.
2 mins
April 11, 2026
Business Standard
BEE plans to slash 'super credits' for strong hybrid cars in CAFE-3
The Bureau of Energy Efficiency (BE) is planning a sharp cut in volume derogation factors (VDFs) for strong hybrids and flex fuel vehicles under the upcoming corporate average fuel efficiency-3 (CAFE-3) norms, underscoring a stronger policy push towards electric vehicles (EVs) amid the ongoing West Asia conflict, Business Standard has learnt.
2 mins
April 11, 2026
Listen
Translate
Change font size