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Trump raises India tariff to 50% over Russia oil purchase

NBC News on MSN · 53m

Trump hikes India tariffs to 50% for buying Russian oil

In an executive order, Trump says "I find that the Government of India is currently directly or indirectly importing Russian Federation oil" and due to those purchases, imports of Indian goods into the United States "shall be subject to an additional ... rate of duty of 25%."

ABC News on MSN · 1h

Trump admin live updates: Trump hits India with more tariffs over Russian oil imports

President Donald Trump is hitting India with an additional 25% tariff over its imports of Russian oil, the White House said on Wednesday. "I find that the Government of India is currently directly or indirectly importing Russian Federation oil," Trump said in an executive order.

The New York Times · 2h

Trump to Double India’s Tariff as Punishment for Buying Russian Oil

Tariffs on Indian exports to the United States will surge to 50 percent by late August, as part of an effort by President Trump to pressure Russia into resolving its war in Ukraine.

BP makes largest oil discovery in 25 years

BP to review oil and gas projects to boost profits

BP has said it "can and will do better" to develop and monetise its oil and gas production as the energy giant continues to shift away from renewables and back to fossil fuels. Chief executive Murray Auchincloss said the UK-based firm would review how it manages its oil and gas assets and will consider cost cutting plans to boost returns for shareholders.

Chron on MSN · 7h

BP announces major oil-and-gas discovery in Atlantic Ocean

The British company BP, which maintains its U.S. headquarters in Houston, announced Monday it may have found a staggering amount of oil and gas in the Santos Basin oil field about 218 nautical miles from Rio de Janeiro,

The Times of Northwest Indiana · 1h

BP makes largest oil discovery in 25 years after shift back to core gas business

BP, one of the Calumet Region's largest industrial employers, made its largest oil discovery in 25 years as it shifts back to focus on its core business of oil and gas production and refining.

4h

India-US spat over trade and oil threatens wider fallout

U.S. President Donald Trump's tirade against India over trade and Russian oil purchases threatens to undo two decades of ...

The Economist3h

If America goes after India’s oil trade, China will benefit

A bill vowing levies of up to 500% on countries that buy Russian oil is making its way through Congress. Meanwhile, the ...

2h

U.S. Oil Rallies But Shows Indecision Within Established Range

The commodity is in the Middle of some fundamental headwinds between strong supply (OPEC+ cartel trying to change things up) ...

2h

Wall Street gains, as oil ends lower in volatile trade

Wall Street indexes gained on Wednesday on largely upbeat corporate earnings, and U.S. yields also rose, while European ...

7hon MSN

U.S. Crude Oil Stockpiles Fall As Imports Slip, Exports Rise

U.S. crude oil inventories fell by 3 million barrels last week as imports dropped, exports rose, and refineries raised their ...

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