Tag: OilPrices

US Urges India to Buy Russian Oil at Sea Amid Global Supply Concerns

US Urges India to Buy Russian Oil at Sea Amid Global Supply Concerns

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In a move aimed at stabilising global oil markets, the United States has encouraged India to purchase Russian crude already floating at sea and redirect it to Indian refineries. Energy Secretary Chris Wright described the measure as a short-term, pragmatic effort to prevent supply shortages and price spikes amid ongoing tensions in West Asia. Speaking […]

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US Rules Out Strikes on Iran’s Energy Infrastructure Amid Soaring Oil Prices

US Rules Out Strikes on Iran’s Energy Infrastructure Amid Soaring Oil Prices

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The United States has confirmed it will avoid targeting Iran’s energy infrastructure despite tensions in the region and rising global oil prices, Energy Secretary Chris Wright stated yesterday. Speaking to CNN, Wright emphasized that while recent disruptions to Iran’s petroleum and gas sector may cause temporary issues, any impact would be short-lived—lasting a few weeks […]

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