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Trump threatens 50% tariffs on India for buying Russian oil

CNBC on MSN · 37m

Why the oil market does not believe Trump's threats to tariff countries that buy Russian crude

Oil closed 1% lower Wednesday after President Donald Trump announced new India tariffs. Traders seem to believe Trump won't really follow through.

Seeking Alpha · 6h

Oil Market Sceptical Over How Impactful Additional Tariffs On India Would Really Be

Oil prices have not reacted to Trump slapping an additional 25% tariff on India over its purchases of Russian oil, possibly believing there's still room for negotiation. Read more here.

NBC News on MSN · 17h

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%."

Fire at Russia's Afipsky oil refinery extinguished

Bloomberg · 5h

Russia Says Drone Attack Caused Fire at Afipsky Oil Refinery

Drone attacks in the early hours of Thursday triggered a fire at the independent Afipsky refinery in southern Russia, according to regional emergency services.

Ukrainian drones reportedly strike oil refinery in Krasnodar Krai amid mass attack on Russia

Drones attacked Russia's Krasnodar Krai on Aug. 7, reportedly targeting the Afipskiy oil refinery, Russian Telegram media channels reported, citing resident accounts.

The New Voice of Ukraine on MSN · 2h

Ukraine confirms drone strike on Afipsky oil refinery in Russia’s Krasnodar Krai

According to the General Staff, the refinery processes 6.25 million metric tons of crude oil per year, which accounts for 2.1% of Russia’s total oil refining capacity. The drone strike triggered a fire at the refinery’s gas and gas condensate processing unit.

The Economist1h

South America is fast becoming the world’s hottest oil patch

BP is not the only driller betting big on South America, which last year produced around two-fifths as much crude oil as ...

5h

Oil steadies on potential Trump-Putin meeting in coming days

Oil prices steadied on Thursday, paring early gains after the Kremlin announced that Russian President Vladimir Putin will ...

5hon MSN

Explained: How much Russian oil does India buy?

According to trade data shared with Reuters, India is the biggest buyer of seaborne crude from Russia, importing about 1.75 ...

6h

Oil Rises on Positive Demand Signs But Tariff Concerns Cap Further Gains

Oil prices were rising in early trade on signs of solid demand, though further gains are capped by concerns over the economic ...

5h

Kuwait oil minister says OPEC monitoring market, Trump remarks on Russian oil

Kuwait's Oil Minister Tariq Al-Roumi said on Thursday that OPEC is closely monitoring global oil supply, demand trends, and U ...

3hon MSN

Takeaways from AP’s report on Alaska Natives’ response to oil and mining proposals

President Donald Trump’s administration and its allies have pushed aggressively for drilling, mining and logging in Alaska.

10hon MSN

Trump vows more secondary sanctions for Russia oil buyers are coming, including potentially on China

US President Donald Trump warned Wednesday that more punishment was coming for countries buying Russian energy products after ...

16h

Wall Street gains as oil ends lower in volatile trade

The health of the U.S. economy is a major focus for markets, and Wall Street closed lower on Tuesday after data showed ...

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