Oil trade balance: India’s Russian crude imports rise to 2 mn bpd in August, refiners stick to ‘business as usual’ despite US tariffs

India’s purchases of Russian crude oil have risen to 2 million barrels per day (bpd) in August, up from 1.6 million bpd in July, according to data from global analytics provider Kpler. The increase, which came at the expense of imports from Iraq and Saudi Arabia, means Russia supplied 38 per cent of India’s estimated…

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Market watch: Asian stocks mixed; oil slips ahead of Trump-Putin talks on Ukraine

Asian stock markets showed a mixed performance on Friday, with strong Japanese growth figures offset by weaker Chinese data, while oil prices slipped ahead of a high-stakes US-Russia summit on Ukraine.As per news agency AFP, Japan’s economy expanded by 0.3% in the April-June quarter, surpassing forecasts, while the previous quarter’s output was revised upwards, helping…

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‘We must achieve energy independence’: PM Modi unveils major push for nuclear, offshore oil; aims to cut imports

Prime Minister Narendra Modi on Friday outlined an ambitious roadmap to drastically cut India’s reliance on imported oil and gas, announcing rapid expansion in nuclear power, deep-sea oil exploration, and other clean energy initiatives. Speaking from the ramparts of the Red Fort on the country’s 79th Independence Day, he said energy self-reliance is critical for…

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Defence self-reliance: PM Modi calls for Made-in-India fighter jet engines; big ‘Atmanirbhar Bharat’ push

Marking the 79th Independence Day, Prime Minister Narendra Modi called on India’s scientific and engineering talent to take the lead in designing and building jet engines for the country’s own fighter aircraft, a move he said was vital for true defence self-reliance.Speaking from the Red Fort, PM Modi linked the appeal to his government’s Atmanirbhar…

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