Energy Archives - National Times

05 Mar

US Urges India to Swap Russian Crude for American Energy Amid Middle East Volatility

Rajeev Sharma0 CommentsBusiness, IndiaCrude Oil, Energy, India, Raisina Dialogue, Trade Deal, US

New Delhi/Washington (Rajeev Sharma) — United States Deputy Secretary of State Christopher Landau issued a strong appeal to India on Thursday, urging the nation to transition from Russian crude oil to American energy supplies. Speaking at the Raisina Dialogue 2026, Landau positioned the United States as the "best alternative" for meeting India's massive energy requirements, particularly as the escalating conflict in West Asia threatens traditional supply routes through the Strait of Hormuz. The diplomat's remarks come at a critical juncture for global markets. Since the onset of the Russia-Ukraine war, India has consistently purchased discounted Russian oil, a move that…

Global Oil Shock: India Braces for $100 Crude as Hormuz Closure Ignites Energy Security Crisis

Gurpreet Singh0 CommentsBusiness, IndiaCrisis, Crude, Energy, Hormuz, India, Iran, Oil

New Delhi (Gurpreet Singh): The Indian economy is facing a critical strategic challenge as global oil prices surged nearly 10 per cent on Sunday, March 1, 2026, following a dramatic military escalation in West Asia. Brent crude jumped toward $80 a barrel in over-the-counter trading after joint US and Israeli strikes on Iranian leadership prompted Tehran to move toward shutting the Strait of Hormuz. This narrow maritime corridor is the primary artery for nearly one-fifth of global oil and gas supplies, and any prolonged blockage threatens to drive prices toward the $100 mark, significantly straining import-dependent nations. The crisis acquired…

Carney and Meloni Unveil New Initiatives on AI, Clean Energy, Defence, and Trade Expansion

Rajeev Sharma0 CommentsCanada, World NewsAI, Canadian PM Carney, Energy, Italian PM Meloni, New Innovations

Kananaskis, Alberta ( Rajeev Sharma): On the sidelines of the G7 Summit, Canadian Prime Minister Mark Carney and Italian Prime Minister Giorgia Meloni reaffirmed the significance of the Canada–Italy partnership, underscoring their shared commitment to promoting global peace, the rule of law, economic prosperity, and the resilience of international institutions.The meeting marked a significant moment in the implementation of the Italy–Canada Roadmap for Enhanced Collaboration, first introduced last year. The leaders reviewed achievements to date, including the establishment of a Joint Advisory Group on Artificial Intelligence, a Joint Statement on Critical Minerals, and growing cooperation across key sectors such as…