Mangaluru, March 22 (IANS) Amid the global supply chain crisis, a cargo ship, ‘Pyxis Pioneer’, carrying a major consignment of liquefied petroleum gas (LPG), arrived at New Mangalore Port on Sunday, boosting supply prospects in the country.The vessel, which originated from Texas, US, docked at the port with a gross tonnage of 47,236 tonnes. According to port officials, the ship is scheduled to discharge 16,714 tonnes of LPG.Officials confirmed that necessary safety inspections and unloading oper…
Latest Russian Crude Oil News & Updates
Washington, March 8 (IANS) The United States of America urged India to draw down more than 100 million barrels of Russian crude waiting offshore for Chinese refineries in an effort to cool rising oil prices during the Iran conflict, Energy Secretary Chris Wright said on Sunday. Speaking in interviews on US television programmes, including CNN and CBS News, Wright said the Trump administration directly reached out to India as part of a short-term effort to calm energy markets rattled by disruptio…
Washington, March 6 (IANS) In a significant development, in the wake of the ongoing Iranian war, the Trump administration authorised a one-month window for India to import Russian crude oil.”President Trump’s energy agenda has resulted in oil and gas production reaching the highest levels ever recorded. To enable oil to keep flowing into the global market, the Treasury Department is issuing a temporary 30-day waiver to allow Indian refiners to purchase Russian oil,” Bassent said.”This delibera…