US President Donald Trump's claim that India is buying massive amounts of Russian oil and selling it on the open market for big profits "is factually incorrect and misleading," think tank GTRI has said, noting that a key reason New Delhi stepped up Russian oil purchases was to help stabil
The US has imposed new sanctions on Iranian oil exports after a recent ceasefire with Israel. Despite brief hopes for relief, tensions remain high with military strikes and diplomatic talks ongoing. Iran denies cooperation with the UN watchdog, while indirect US-Iran talks continue, Al Jazee
"Iran's behaviour has left it decimated. While it has had every opportunity to choose peace, its leaders have chosen extremism... Treasury will continue to target Tehran's revenue sources and intensify economic pressure to disrupt the regime's access to the financial resources that fuel its
Indian Government should review energy risk scenarios, diversify crude sourcing and ensure strategic reserves of oil amid the ongoing conflict between Israel and Iran, according to a report by GTRI.
Gulf Pharmaceutical Industries (Julphar) plans to invest AED 300 million over the next five years to expand its manufacturing capabilities and localise advanced technologies. CEO Basel Ziyadeh announced the move during the "Make it in the Emirates 2025" event, reinforcing Julphar's role in b
Non-oil exports soared 16 per cent in 2024, reaching AED107.8 billion compared to AED93 billion in 2023. Re-exports grew by 11 per cent to exceed AED58 billion, compared to AED52.4 billion in 2023, while imports grew by 3 per cent to AED140.2 billion, up from AED136.4 billion in 2023.
India's oil exports have been impacted by the fall in crude oil prices, leading to a contraction in the country's overall exports in August, according to a report by CRISIL.
Quarterly report of Exim Bank suggests that the country's economy continues to demonstrate strong activity, driven by sustained momentum in both the manufacturing and services sectors. Additionally, expected global monetary easing and improving demand prospects from trading partners are like
However, the growth momentum slowed in June, with merchandise exports increasing by only 2.6 per cent year-on-year, down from 9.1 per cent in May. This deceleration was largely attributed to an 18.2 per cent contraction in oil exports.
The Paris-based agency said much of the increase was due to a rise in exports of oil products, which returned to pre-COVID levels as they climbed by 450,000 bpd to 3.1 million bpd, reported The Moscow Times.
Russia's supplies by sea grew by 0.6 million barrels per day to 8.1 mn barrels per day, the agency said, adding that deliveries of petroleum products rose by 450,000 barrels per day month-on-month to 3.1 million barrels per day.