Commission: Towards a permanent ban on the import of Russian oil – How it will avoid a blockage from Hungary – Slovakia
The European Commission plans to propose a permanent ban on Russian oil imports on April 15, three days after the Hungarian elections, aiming to avoid influencing the electoral process.
Graph of the Day: Czechia and Poland Cut Off Russian Oil, Slovakia Increased Its Imports Last Year
Despite the geopolitical tensions arising from the Russian invasion of Ukraine, Slovakia and Hungary continue to import Russian oil, while Czechia and Poland have successfully cut off these imports.
Growers warn 'watered down' lavender oil widespread in surging imports
Australian lavender growers are concerned that imported lavender oil, often watered down, is affecting their market and urging consumers to be aware of product origins.
The private sector in Cuba starts to import fuel for personal use, despite the US oil siege
Cuban private companies have begun importing fuel directly amid US restrictions, though the process is complicated by local bureaucracy and continued sanctions.
Hungary has requested Croatia to ensure the supply of Russian oil via the "Adria" pipeline
Hungary's foreign minister has asked Croatia to facilitate the import of Russian oil through a pipeline as an alternative supply route amid disruptions to current land deliveries.
Reuters: U.S. Valero to import 6.5 million barrels of oil from Venezuela
Valero Energy, an American company, plans to buy 6.5 million barrels of Venezuelan crude oil in March 2024, becoming the largest foreign oil refiner in Venezuela since the arrest of President Nicolas Maduro.
Import Prices Rise for Seven Consecutive Months Due to Raw Material Costs
Despite declines in international oil prices and the won-dollar exchange rate, import prices in South Korea have risen for the seventh consecutive month due to increased raw material costs.
Is India Buying American Oil Under Trade Deal Pressure? Piyush Goyal Says It's a Strategic Decision
India's Commerce Minister Piyush Goyal clarifies that the country's decision to purchase oil from the US is a strategic one, not dictated by a trade deal, despite arising questions about potential obligations.
What did Jairam Ramesh say about the trade deal with the US?
Jairam Ramesh discusses the implications of the recent trade deal with the US, highlighting concerns over oil purchases from Russia and the effects on Indian farmers due to potential import duty changes.
How much oil does India import?
The article discusses India's oil import figures and their implications on the economy.
Repsol expects two million barrels of Venezuelan oil in the first Spanish import in almost a year
Repsol has secured its first import of Venezuelan oil in nearly a year, negotiating the shipment of two million barrels with the trader Trafigura.
India-US trade deal delights businesses, which sectors will benefit, find out
A significant trade agreement between India and the US has been announced, with President Trump reducing import tariffs from 25% to 18% and eliminating a 25% tax on oil trade from Russia, positively impacting multiple sectors in both countries.
Trump reduces tariffs on India, which agreed not to buy Russian oil
President Donald Trump announced a reduction in import tariffs on Indian goods after Prime Minister Narendra Modi agreed to stop purchasing oil from Russia.
Seadrill, which caused 80 billion losses to Korea Trade Insurance Corporation and Export-Import Bank, earns 110 billion through the Great Whale project
Seadrill, an American drilling company, incurred a substantial loss of approximately 854 billion won to Korean institutions due to unpaid loans, while also gaining significant profits through its participation in the Great Whale oil drilling project.
Trump claims that India is giving up purchasing Russian oil
U.S. President Donald Trump claims on his social media platform Truth Social that India is ceasing its purchases of Russian oil as part of a trade agreement to reduce import tariffs, which India allegedly agreed to during a phone conversation with Prime Minister Narendra Modi.
"Will help end the Ukraine war" – India, according to Trump, will refrain from Russian oil
According to US President Trump, India plans to stop importing oil from Russia, aiming to import more from the US and possibly Venezuela, which he claims will aid in ending the Ukraine war.