Following the outbreak of hostilities in the Middle East and the evolving global energy situation, Hardeep Singh Puri, Minister of Petroleum & Natural Gas, informed that "the country is well stocked with crude oil and inventories of key petroleum products including petrol, diesel and ATF to
"The buying of crude oil, LNG, or LPG from the US is in India's strategic interest as we diversify sources. But the decisions are taken by the buyers themselves. The trade deal does not decide who will buy what and from where," Goyal told ANI.
Following claims made by the White House that India has "committed to stop directly or indirectly importing" oil from Russia, as per the interim framework between the US and India trade agreement, the Ministry of External Affairs on Saturday reiterated its stance on the issue, noting that
The 27 member states of the European Union formally adopted the regulation on phasing out Russian imports of both pipeline gas and liquefied natural gas (LNG) into the EU on Monday.
Mumbai (Maharashtra) [India], January 30 (ANI/PRNewswire): ISI Emerging Markets Group's Foresight report provides a comprehensive insight into the challenges and opportunities the world will face in 2023. The post-pandemic recovery proved short-lived as shocks in 2022 re-opened economic woun