India\’s Second Largest Refinery Sees Imports Plunge as EU Sanctions Kick In

In a significant blow to India\’s energy landscape, Nayara Energy—operator of the country\’s second-largest refinery—has experienced a dramatic plunge in crude oil imports this August, hitting historic lows. This downturn is largely attributed to the European Union\’s latest sanctions package targeting Russian oil and its derivatives, compounded by U.S. President Donald Trump\’s imposition of tariffs […]

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India Pauses Russian Crude Oil Purchases

In a significant shift amid escalating geopolitical tensions, Indian state refiners have temporarily halted purchases of Russian crude oil this week. This decision comes in response to U.S. President Donald Trump\’s threats of imposing 25% tariffs on Indian goods and additional penalties for India\’s reliance on Russian oil and military equipment, set to take effect […]

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