Tag: Petroleum

BusinessPolicyTrade

U.S. and India Near Major Trade Agreement With Tariff Reductions and Energy Policy Shifts

Reports suggest the U.S. may cut tariffs on Indian exports from 50% to 15%-16% as part of a new trade agreement. India is reportedly considering scaling back Russian oil purchases, a key U.S. demand, amid ongoing bilateral negotiations.

Potential Breakthrough in U.S.-India Trade Relations

According to recent reports from Indian media outlet Mint, the United States and India are nearing a significant trade agreement that could substantially reduce tariffs on Indian exports while addressing Washington’s concerns about New Delhi’s energy imports from Russia. Sources familiar with the negotiations indicate that both sides have made substantial progress after months of strained relations.

by Priya Kapoor
EnergyPolicy

Trump Administration Backs Offshore Oil Drilling Revival Despite California Spill History and Legal Challenges

The Trump administration is supporting Sable Offshore Corp’s controversial plan to restart offshore oil drilling in California waters, despite the site’s history of a massive 2015 spill that devastated coastal ecosystems. The company faces multiple lawsuits from environmental groups and state agencies while pushing forward with what officials call a “comeback story for Pacific production.”

Offshore Drilling Controversy Reignites After Historic Spill

Federal officials under the Trump administration are backing a Texas-based energy company’s efforts to resume offshore oil drilling in California waters where a 2015 pipeline rupture caused the state’s worst oil spill in decades, according to reports. The corroded pipeline failure released more than 140,000 gallons of crude oil, blackening beaches along 150 miles of coastline from Santa Barbara to Los Angeles and devastating marine wildlife.

by Priya Kapoor
PolicyTrade

Trump Announces Modi’s Pledge to Halt Russian Oil Purchases Amid Trade Talks

Former President Donald Trump revealed that Indian Prime Minister Narendra Modi assured him India would cease buying Russian oil. This development could break the stalemate in trade negotiations and provide tariff relief for Indian exports facing 50% duties.

Trump Announces Modi’s Commitment on Russian Oil

Former President Donald Trump told reporters on Wednesday that Indian Prime Minister Narendra Modi has pledged to stop purchasing Russian oil, according to reports. The announcement came during a press briefing where Trump revealed that Modi made this commitment during a phone conversation earlier that day.

by Priya Kapoor
PolicyTrade

Trump Claims Modi Agrees to Halt Russian Oil Purchases Amid Ukraine War Pressure

Former President Donald Trump has reportedly secured assurances from Indian Prime Minister Narendra Modi that India will cease Russian oil imports “within a short period of time.” This development comes as Western nations intensify economic pressure on Russia over its ongoing conflict in Ukraine, with oil exports being a crucial revenue source for Moscow.

Trump Announces Modi’s Commitment to End Russian Oil Imports

According to reports from international media, former President Donald Trump has stated that Indian Prime Minister Narendra Modi has agreed to stop purchasing Russian oil as part of broader efforts to increase economic pressure on the Kremlin. Sources indicate Trump told reporters he received personal assurances from Modi that India would halt its purchases “within a short period of time,” which he characterized as “a big stop” in their discussions.

by Priya Kapoor