Latest news with #SDinakarAmritsar
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Business Standard
5 days ago
- Business
- Business Standard
Picking on India: How US tariff move targets Russian oil-linked exports
The country needs energy and Trump knew that when he announced a 25 per cent tariff on much of India's exports for sourcing discounted oil from Russia, which is India's oldest ally S Dinakar Amritsar Listen to This Article Not since the days of Richard Nixon and Henry Kissinger has India been berated by global statesmen in the way American President Donald Trump has done — calling this country, the world's fastest-growing major economy, a 'dead economy' and 'tariff king'. India is a country much different today from what it was in the 1960s and 1970s. Then it was forced to depend on the United States (US) for food aid, some of which the US froze when India did not toe its line in the Vietnam war. Today there's a surplus of food grains,
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Business Standard
05-08-2025
- Business
- Business Standard
Russia oil import: India's August pipeline strong despite US, EU heat
Private-sector refiners account for around half the imports in Aug S Dinakar Amritsar Listen to This Article It's hardly a week into August and India is set to import close to 2.2 million barrels per day (bpd) of Russian oil, the highest since Russia invaded Ukraine in February 2022, and a record amid threats and sanctions from United States President Donald Trump and the European Union (EU), the ship-tracking data accessed by Business Standard show. This is a 38 per cent jump from June and above the 2.1 million bpd in May, according to the data from maritime intelligence agency Kpler. The irony is that the Indian import of Russian oil was the highest this year at
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Business Standard
30-07-2025
- Business
- Business Standard
Trump tariffs on Russian oil put squeeze on India's biggest crude supplier
Trump Sanctions On Russian oil puts the squeeze on India's Biggest Crude Supplier S Dinakar Amritsar Listen to This Article US President Donald Trump's announcement of levying penalties on India's purchase of Russian oil and arms, coupled with 25 per cent tariffs on Indian exports, may spell the beginning of the end of India's import of Russian oil, accounting for nearly 45 per cent of the country's total crude oil imports, if Trump carries forth with his threat, industry sources told Business Standard. India bought 2.1 million barrels per day of Russian crude oil in June, according to Kpler's ship tracking data accessed by Business Standard. The value of the imports from Russia in June was around $4.3
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Business Standard
26-06-2025
- Business
- Business Standard
Fragile ceasefire, lasting threat: Why India can't relax on oil security
India's energy economy and state finances have suffered since 2022, when Russia invaded Ukraine, because of lack of adequate stock and dependence on foreign fuel S Dinakar Amritsar Listen to This Article One would expect India's policymakers and refiners to rest easy after Washington hemmed, in a patchwork fashion, a ceasefire between Israel and Iran on Monday night, which may prove too delicate to offer a lasting solution to peace in West Asia. Two-and-a-half hours into the ceasefire, Israel accused Iran of raining missiles and prepared to strike back. It's a fragile cease fire. 'But looking beyond the ceasefire, the deeper challenge remains — a lasting peace would require rapprochement between Israel and Iran,'' said Vandana Hari, a Singapore-based energy expert. For now, a sense of calm has prevailed over markets. With
