Trump Intensifies Pressure on Oil Giants Exxon, Chevron Amidst Soaring Profits and High Fuel Prices
Former President Donald Trump has publicly criticized Exxon Mobil and Chevron for 'making too much money,' urging them to lower fuel prices for consumers. This comes as oil companies report strong earnings amidst volatile global markets and geopolitical…
India Reinstates Higher Windfall Tax on Fuel Exports Amid Global Energy Volatility
India has increased its export duties on petrol, diesel, and aviation fuel, effective August 3, for the next fortnight. This strategic move aims to balance energy security, domestic price stability, and government revenue amidst fluctuating global oil…
India’s ‘Samudra Manthan’ Initiative: A Deep Dive into Energy Security and Offshore Exploration
India launches 'Samudra Manthan', a strategic initiative to fund 50% of deepwater oil and gas exploration wells. Aiming for 60 wells in five years, this scheme seeks to reduce energy import reliance and foster self-sufficiency.
Bipartisan Backlash Threatens Trump’s Proposed Russian Oil Tariff Bill in House
A proposed U.S. bill to impose tariffs on countries buying Russian oil and gas faces significant bipartisan opposition and industry concerns, threatening its passage in the House. Lawmakers fear economic harm to allies and global market instability.
India’s ‘Samudra Manthan’: Cabinet Unleashes Rs 84,084 Crore Drive for Offshore Energy Independence
India’s Cabinet has sanctioned an ambitious Rs 84,084 crore 'Samudra Manthan' scheme to unlock vast offshore oil and gas reserves by FY2030-31. This strategic initiative aims to significantly bolster the nation's energy security and reduce reliance on…
India Fortifies Energy Security with Ambitious Strategic Reserve Expansion
India is significantly boosting its energy security by expanding strategic petroleum reserves to 11.88 MMT, nearing a 90-day target. Collaborations, including a 30 million barrel deal with the UAE, are central to this multi-pronged strategy to secure…