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Urgent measures needed to reduce trade imbalances with Russia: S Jaishankar

Urgent measures needed to reduce trade imbalances with Russia: S Jaishankar

Mon, Nov 11, 2024

External Affairs Minister S Jaishankar on Monday called for "urgent" measures to address the issue of widening trade deficit between India and Russia.

US Requests India to Leverage Russia Ties to Urge Putin to End Ukraine War

US Requests India to Leverage Russia Ties to Urge Putin to End Ukraine War

Tue, Jul 16, 2024

The United States has called on India to use its diplomatic relationship with Russia to persuade President Vladimir Putin to cease the ongoing conflict in Ukraine. This move underscores the importance of international efforts to bring about a resolution to the war.

India, Russia eye $100 billion trade by 2030, cooperation in energy, agriculture

India, Russia eye $100 billion trade by 2030, cooperation in energy, agriculture

Wed, Jul 10, 2024

This to achieve mutually agreed trade volume of more than USD 100 billion by 2030, including increased supplies of goods from India to achieve balanced bilateral trade. Also, reinvigoration of investment activities within the framework of the special investment regimes was agreed.

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US to overtake Russia as world's biggest oil producer by 2019 latest: IEA

US to overtake Russia as world's biggest oil producer by 2019 latest: IEA

Tue, Feb 27, 2018

The soaring US production is upending global oil markets, coming at a time when a group of other major producers around Russia and the Middle East-dominated Organization of the Petroleum Exporting Countries (OPEC) have been voluntarily withholding output in order to prop up prices.

Saudi oil minister hopes OPEC, allies will ease output cuts in 2019

Saudi oil minister hopes OPEC, allies will ease output cuts in 2019

Sat, Feb 24, 2018

OPEC is reducing output by about 1.2 million barrels per day as part of a deal with Russia and other non-OPEC producers

OPEC, non-OPEC allies to study long-term oil cooperation in June, says UAE

OPEC, non-OPEC allies to study long-term oil cooperation in June, says UAE

Tue, Feb 20, 2018

OPEC and non-OPEC oil producers, including Russia, will discuss extending their cooperation for many more years when they meet in June as they seek to avoid major market shocks, the United Arab Emirates` energy minister told Reuters.

A year into OPEC's production cuts, Asia's oil markets have tightened

A year into OPEC's production cuts, Asia's oil markets have tightened

Thu, Feb 15, 2018

The main impact of OPEC withholding supplies has been to change the structure of the oil price curve.

Oil hits $71 for first time since 2014 on tighter supply and weak dollar

Oil hits $71 for first time since 2014 on tighter supply and weak dollar

Thu, Jan 25, 2018

The Organization of the Petroleum Exporting Countries and allies including Russia began to curb supplies in 2017.

Oil stable on threats of rebel attacks in Nigeria, falling US crude stocks

Oil stable on threats of rebel attacks in Nigeria, falling US crude stocks

Thu, Jan 18, 2018

Oil prices were stable on Thursday, supported by tighter inventories of crude as well as rebel threats of an attack on Nigeria`s petroleum industry, but the market was weighed down by a reported rise in U.S. fuel stocks.

Oil near three-year highs on output cuts despite rising North American rig count

Oil near three-year highs on output cuts despite rising North American rig count

Mon, Jan 15, 2018

Oil prices held just below December 2014 highs on Monday, supported by ongoing output cuts led by OPEC and Russia despite a rise in U.S. and Canadian drilling activity that points to higher future output in North America.

Oil dips away from levels last seen in late 2014, but analysts say market supported

Oil dips away from levels last seen in late 2014, but analysts say market supported

Fri, Jan 12, 2018

Oil prices eased on Friday after hitting their highest levels since December, 2014 the previous day.

India's medium-term growth potential highest among emerging markets: Fitch

India's medium-term growth potential highest among emerging markets: Fitch

Thu, Jan 04, 2018

Key highlights:

Oil dips from mid-2015 highs as higher output looms

Oil dips from mid-2015 highs as higher output looms

Wed, Jan 03, 2018

Brent crude futures were at $66.74 a barrel, up 17 cents, still trailing yesterday`s high of $67.29

Oil prices close to mid-2015 highs, but doubts over further rises loom

Oil prices close to mid-2015 highs, but doubts over further rises loom

Wed, Jan 03, 2018

Brent crude futures - the international benchmark for oil prices - were at $66.55 a barrel, down 2 cents but still not far off the $67.29 May 2015 high from the previous day.

Gold hovers below 3 week high amid firm dollar

Gold hovers below 3 week high amid firm dollar

Wed, Dec 27, 2017

Gold prices slipped on Wednesday, after hitting a more than three-week high in the previous session, amid a firmer dollar.

Oil near June 2015 high as production cuts tighten market

Oil near June 2015 high as production cuts tighten market

Tue, Dec 26, 2017

U.S. West Texas Intermediate (WTI) crude futures were at $58.50 a barrel at 0141 GMT, up 3 cents from their last settlement.

India to leapfrog UK and France in 2018, Britain's Cebr predicts

India to leapfrog UK and France in 2018, Britain's Cebr predicts

Tue, Dec 26, 2017

India looks set to leapfrog Britain and France next year to become the world`s fifth-largest economy in dollar terms, a report showed on Tuesday.

Oil market capped as US output fast approaches 10 million bpd

Oil market capped as US output fast approaches 10 million bpd

Thu, Dec 21, 2017

Oil prices were stable on Thursday, supported by falling crude inventories in the United States but capped by output that is fast approaching 10 million barrels per day, a level only surpassed by Saudi Arabia and Russia.

Russian oil firm Tatneft ran Crimea fuel station, despite sanctions risk

Russian oil firm Tatneft ran Crimea fuel station, despite sanctions risk

Wed, Dec 20, 2017

Most big Russian oil firms pulled out of Crimea after Washington imposed sanctions over Moscow`s annexation of the region from Ukraine in 2014 and threatened to put any company operating on the peninsula on its list of sanctioned entities.

Some WTO members to push for e-commerce rules as broader deal fails

Some WTO members to push for e-commerce rules as broader deal fails

Thu, Dec 14, 2017

A group of 70 World Trade Organization countries pledged on Wednesday to work toward new electronic commerce trade rules that promote open and predictable regulations, joining the initiative as a broader WTO agreement failed.

Russia urges India to line up behind China's Belt and Road initiative

Russia urges India to line up behind China's Belt and Road initiative

Mon, Dec 11, 2017

India is strongly opposed to an economic corridor that China is building in Pakistan that runs through disputed Kashmir as part of the Belt and Road initiative. Russian Foreign Minister Sergei Lavrov, however, said New Delhi should not let political problems deter it from joining the project, involving billions of dollars of investment, and benefiting from it.

OPEC, allies set to agree oil cut extension to end of 2018

OPEC, allies set to agree oil cut extension to end of 2018

Thu, Nov 30, 2017

As the 14-country OPEC`s meeting started in Vienna, Saudi Energy Minister Khalid al-Falih said he favoured extending cuts by nine months until the end of 2018. He said it was premature to talk about exiting the cuts at least for couple of quarters and added that OPEC would examine progress at its next meeting in June.

Oil falls on doubts over extending output cuts, surprise rise in US crude stocks

Oil falls on doubts over extending output cuts, surprise rise in US crude stocks

Wed, Nov 29, 2017

Oil prices fell on Wednesday on doubts OPEC and Russia will agree on extending a crude production cut that the market has already priced in, and after a report of an unexpected rise in U.S. crude oil inventories.

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