US Engages India to Purchase Russian Oil Amid Global Market Pressures

US Engages India to Purchase Russian Oil Amid Global Market Pressures

Washington, March 7: In a recent interview, US Energy Secretary Chris Wright revealed that the United States has reached out to India to purchase Russian oil stored in floating reserves in South Asia. This initiative aims to alleviate short-term pressures on global oil markets. Wright explained that this temporary measure is designed to expedite the … Read more

Surge in Crude Oil Prices Exceeds 7% Amid Escalating Israel-Iran Conflict

Surge in Crude Oil Prices Exceeds 7% Amid Escalating Israel-Iran Conflict

New Delhi, March 2: Crude oil prices surged over 7% on Monday following an escalation of conflict in West Asia. This spike occurred after military strikes by the United States and Israel against Iran. Brent crude futures rose to $82.37 per barrel, marking the highest level since January 2025. The price of Brent crude increased … Read more

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