Ahead of the meet, Russian diplomat Roman Babushkin terms US action against Huawei’s 5G services as unfairCountries like India are also impacted by sanctions imposed by the US on Iran after Washington pulled out of the 2015 Iran nuclear deal
2 min read25 Jul 2019Due to US sanctions, India is restricted to buying 1.25 million tonnes per month, or about 300,000 barrels per day
2 min read13 Dec 2018The company has a deal to buy 180,000 barrels per day (bpd)Iranian oil this fiscal year
1 min read22 Nov 2018Oil fell for a 12th consecutive session in its longest losing streak on record after US President Donald Trump criticized top OPEC producer Saudi Arabia's plan to cut output
2 min read13 Nov 2018Prices have been coming under pressure since it became clear that Washington was allowing several countries to continue importing crude from Iran
2 min read5 Nov 2018Trade has always been the Achilles' heel in the relationship between the US and India
1 min read2 Nov 2018New Delhi is loathe to seeing its strategic independence constrained
2 min read2 Nov 2018India is a major importer of Iranian oilof the 220.4 million metric tonnes of crude imported by India in 2017-18, more than 9% was from Iran
4 min read3 Nov 2018The increase in oil prices is not only due to impact of sanctions against Iran, but is also driven by policies pursued by Opec and non-Opec producers to restrict crude oil production to keep the prices high
3 min read2 Nov 2018It is time for critics to recognize the US as the one trustworthy companion that can help India counter threats in the region
4 min read15 Oct 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared