United States on Friday (local time) issued a temporary waiver allowing Indian refiners to continue purchasing Russian oil already stranded at sea for the next 30 days to enable oil to keep flowing into the global market.
According to the Semafor report, revenue from the oil sales is currently being held in bank accounts controlled by the US government, as indicated in Friday's order, according to the administration official. The main account, according to a second senior administration official, is located i
The international crude price outlook for 2025 will be driven by the prospect of an escalation in the trade war that is expected to depress Chinese demand, as per a report by ICICI Bank. The outlook also hinges on US President Donald Trump's energy policy regime.