Experts and industry leaders, at the 6th International Energy Conference and Exhibition, said India's journey towards cleaner and more sustainable mobility is moving steadily with a strong focus on alternate fuels, renewable energy, and reducing dependence on crude oil imports.
New Jersey Governor Phil Murphy remained optimistic that India-US will find a common ground over the 50 per cent imposed on New Delhi by Washington, including an additional penalty of 25 per cent for purchasing discounted crude oil from Russia.
India's current account deficit (CAD) is expected to remain under control at 1 per cent of gross domestic product (GDP) in the current financial year, even as the economy faces challenges from higher tariffs and global geopolitical headwinds, according to a report by Crisil.
Global crude oil prices are expected to remain very stable in 2025, according to Anish De, Global Sector Head, Energy, Natural Resources and Chemicals at multinational professional services firm KPMG International, who sees no reason for the oil to drop off or spike up suddenly.
PM Modi was addressing a gathering in Assam's Golaghat, where he inaugurated the Assam Bioethanol Plant. He also laid the foundation stone of the Polypropylene Plant at Numaligarh Refinery Limited
Former United States National Security Advisor John Bolton has said that India should treat US President Donald Trump as a "one-time proposition" and pursue its national interests without assuming his policies reflect the "larger American view".
"People fear what would happen to them if someone else grows bigger. Where will they be if India grows? So, they imposed a tariff," Bhagwat said, without naming any country.
White House Economic Advisor Kevin Hassett has said that US President Donald Trump and the trade team are "disappointed" with India's continued imports of Russian crude oil, but hoped for positive developments.
Bengaluru (Karnataka) [India], September 2: Beta Tank Robotics Pvt Ltd, (BetaTANK) has developed the 2nd generation of robots for cleaning petroleum crude oil tanks. This application of moving thick viscous sludge out of the large crude oil storage tanks by robots, has been known to be a dif
"ONGC refineries purchase Russian crude oil when it is economically viable, and based on spot market prices. If prices are competitive, our refineries will definitely buy. If it is not competitive, we will run our refineries from other sources," Singh told ANI.
White House Trade Advisor Peter Navarro referred to the Russia-Ukraine conflict as "PM Modi's war," criticising India for purchasing discounted crude oil from Moscow.