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What do Joe Biden’s farewell Russian oil sanctions mean for India?

The US announced the most sweeping and aggressive sanctions yet on Russia’s oil trade, just ten days before Biden will be replaced by Donald Trump as President.

US President Joe Biden arrives to speak at the State Department in Washington, DC, on January 13, 2025, as he delivers his final foreign policy speech.(AFP)
Published on Jan 14, 2025 05:46 AM IST
Bloomberg |

Billy Bob Thornton figured out oil industry for 'Landman' show

TELEVISION-LANDMAN/ (TV, PIX):Billy Bob Thornton figured out oil industry for 'Landman' show

Billy Bob Thornton figured out oil industry for 'Landman' show
Published on Nov 14, 2024 01:28 AM IST
Reuters |

Pennsylvania county joins other local governments in suing oil industry over climate change

Pennsylvania county joins other local governments in suing oil industry over climate change

HT Image
Published on Mar 27, 2024 12:21 AM IST
AP |

Explained: Why Greta Thunberg faces police action in London?

Greta Thurnberg, 20, was charged along with 28 other protesters in relation to Tuesday's protest, the Guardian reported.

Swedish climate activist Greta Thunberg is arrested outside the InterContinental London Park Lane during the
Updated on Oct 19, 2023 05:18 PM IST

Sugar mills in Maharashtra diverting biz towards ethanol production

The state has increased its ethanol production capacity from 26 lakh litres in 2021-22 to 244 crore litres this year

There is more demand from oil industries for ethanol blending but existing mills are not able to provide the required supply. (REPRESENTATIVE PHOTO)
Updated on May 04, 2023 11:40 PM IST
ByAbhay Khairnar

Russia becomes India's second-biggest oil exporter, trade sources

In May Indian refiners received about 819,000 barrels per day (BPD) of Russian oil, the highest thus far in any month, compared to about 277,00 in April, the data showed.

Higher oil imports from Russia, curbed OPEC's share in India's overall imports to 65% in April.(REUTERS)
Published on Jun 13, 2022 06:41 PM IST
Reuters |

Chinese reliance on Middle East oil increases: Report 

Despite China's effort to get an “ecological civilization” that relies more on renewable energy, its reliance on Middle East oil has increased. 

Considering China's dependence on foreign suppliers for oil remains in excess of 70 per cent, Chinese fears of such disruptions to the energy supply chain will only grow.(AP)
Published on Dec 31, 2021 05:43 PM IST
ANI | , China

UK oil, gas industry struggles to recover from slump caused by Covid-19

Production may decline further this year and next, following a 5% decrease in 2020, Oil & Gas UK said in a report published on Tuesday.

FILE - In this Friday, Nov. 30, 2018 file photo smoke rises from a factory as a truck loaded with cars crosses a bridge in Paris. Global energy-related carbon dioxide emissions rose slightly in December compared to the same month of 2019, indicating the sharp drop seen due to the pandemic was short-lived. Figures released Tuesday by the International Energy Agency show emissions from the production and use of oil, gas and coal were 2% higher in December 2020 than a year earlier. (AP Photo/Michel Euler, File)(AP)
Published on Mar 16, 2021 01:52 PM IST
Bloomberg |

Texas governor's biggest donors: Energy industry that failed

The crisis has put the fossil fuel industry that lavishes the Texas Capitol with money in the crosshairs in ways that Abbott has not had to navigate when steering America's second-largest state through other disasters, including hurricanes and the ongoing pandemic.

Republican Gov. Greg Abbott has blamed grid operators and iced-over wind turbines but gone easier on another culprit: an oil and gas industry that is the state's dominant business and his biggest political contributor.(AFP)
Published on Feb 20, 2021 08:49 AM IST
PTI | , Austin '

Oil industry reels as Joe Biden targets fossil fuels in first days

Officials are worried that technical permitting decisions are being placed in the hands of political appointees, rather than expert regulators in the field. And they’re concerned permits -- or simply changes to them -- will be delayed for existing drilling operations.

Washington : FILE - In this Jan. 21, 2021, file photo, President Joe Biden reacts to a reporters question after signing executive orders in the State Dinning Room of the White House, in Washington. Vice President Kamala Harris, left, and Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, right, look on. AP/PTI(AP01_23_2021_000009B)(AP)
Published on Jan 23, 2021 06:25 PM IST
Bloomberg |

Donald Trump seizes on Joe Biden’s oil comment to warn swing state voters

Biden’s comment came in response to a question from Trump during Thursday’s debate in Nashville about whether he would shut down the oil industry

After the debate, Biden sought to downplay his on-stage comment, emphasizing that the fossil fuel industry wouldn’t “be gone” until 2050(Bloomberg)
Published on Oct 23, 2020 03:10 PM IST
Nashville | ByBloomberg| Posted by Ayshee Bhaduri

Venezuela and Iran buck US sanctions again to export crude

The shipments give some respite to the nation’s hobbled oil industry, as most shipowners avoid doing business with the country for fear of sanctions.

Venezuela, owner of the world’s largest oil reserves, has been struggling to find ships willing to risk sanctions after the Trump administration announced sanctions on six vessels and its shipowners for transporting its crude.(Reuters file photo)
Updated on Sep 23, 2020 06:47 PM IST
ByBloomberg | Posted by Amrutha Kosuru

Will develop oil industry despite US sanctions, says Iranian Oil Minister Zanganeh

Hit by reimposed US sanctions since Washington exited Iran’s 2015 nuclear deal in 2018, Iran’s oil exports are estimated at 100,000 to 200,000 barrels per day, down from more than 2.5 million bpd that Iran shipped in April 2018.

The Islamic Republic’s crude production has halved to around 2 million bpd.(AP)
Updated on Jul 11, 2020 12:34 PM IST
Dubai | ByReuters | Posted by Prashasti Singh

Over 85mn gas cylinders have been availed under Gareeb Kalyan Yojana: Dharmendra Pradhan

Dharmendra Pradhan said the government has proposed to give free refills for PMUY (Prime Minister Ujjwala Yojana) consumers for a period of three months with financial assistance of ₹13,500 crore.

Dharmendra Pradhan MoS Petroleum and Natural Gas addressing media on Pradhan Mantri Ujjwala Yojana (PMUY) photo:pradeep gaur/mint
Updated on Jun 04, 2020 05:33 AM IST
Hindustan Times, New Delhi | ByRajeev Jayaswal

Saudi, Russia seek to finalise oil cuts in G20 talks, want US involved

Oil prices have plunged to their lowest in two decades as global measures to prevent the coronavirus spreading led to a collapse in demand for crude, at the same time as Moscow and Riyadh’s battle for market share produced a flood of extra oil.

General view of Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018.(Reuters file photo)
Updated on Apr 10, 2020 05:39 PM IST
Dubai/Moscow | ByReuters

Oil prices fall as coronavirus spreads outside China with death toll at 2,900

Oil industry analysts fear that what they thought was a contained disruption may instead lead to more travel restrictions and even less oil consumed.

Hundreds of new cases of the virus that causes the COVID-19 disease have been announced in recent days outside of China.(REUTERS (Image for representation purpose))
Updated on Mar 02, 2020 01:05 PM IST
New York | ByAssociated Press

Guest column by designer David Abraham: New laws for the fashion police

The first rule, according to David, is how sustainability must be your style statement

Today with all the chatter by fashion brands, the industry and the media, the conversation on sustainability is getting difficult to follow(Credit)
Updated on Sep 07, 2019 10:35 PM IST
Hindustan Times | ByDavid Abraham

Outstanding tax revenue for Maharashtra at 89,000 crore

The figures of the outstanding tax revenue were revealed in the state’s budget document, tabled earlier this week in the legislature.

The major chunk of the outstanding amount, <span class='webrupee'>₹</span>65,396 crore, is accrued from sales and value added taxes on motor spirits and lubricants.(HT Photo)
Updated on Jun 24, 2019 08:33 AM IST
Hindustan Times, Mumbai | BySurendra Gangan

Iran’s Hassan Rouhani says US sanctions may lead to ‘deluge’ of drugs, refugees and attacks on West

Donald Trump pulled the US out of a multilateral nuclear deal with Iran and reimposed sanctions on its oil industry. In 2012, Iran accounted for two-thirds of the world’s opium seizures and one-fourth of the world’s heroin and morphine seizures, a UN report published in 2014 showed.

Iranian President Hassan Rouhani termed America’s withdrawal from the nuclear accord as ‘economic terrorism’.(AP)
Updated on Dec 08, 2018 03:55 PM IST
Dubai | ByReuters

‘We are in a war situation’: Iran responds to US sanctions with air defence drills

Iran greeted the re-imposition of US sanctions on Monday with air defence drills and an acknowledgement from President Hassan Rouhani the nation faces a “war situation,” raising Mideast tensions as America’s maximalist approach to the Islamic Republic takes hold.

Iranian President Hassan Rouhani, meanwhile, pledged to government officials in comments aired on state TV that Iran would overcome the sanctions.(Bloomberg/File Photo)
Published on Nov 05, 2018 03:15 PM IST
Tehran | ByAssociated Press

What’s next: Who gets hit when US resumes Iran sanctions

Donald Trump said on Tuesday the United States will withdraw from a 2015 international agreement designed to deny Tehran the ability to build nuclear weapons.

A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Persian Gulf, Iran. President Donald Trump’s decision to reimpose sanctions on Iran threatens to tighten global oil markets and could derail tens of billions of dollars in business deals.(Reuters File Photo)
Updated on May 09, 2018 08:05 AM IST
Jennifer Epstein and Justin Sink/Washington | ByBloomberg
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