EnergyInternational Business and Trade

Indian Refiners Reduce Russian Oil Imports Following Trump-Modi Exchange

Indian refiners are reportedly reducing Russian oil imports following President Trump’s comments about Prime Minister Modi’s commitment. Multiple industry sources indicate short-term reductions as companies await official guidance from New Delhi.

Indian Oil Industry Responds to Political Developments

Indian refiners are reportedly scaling back Russian crude oil purchases following comments from President Donald Trump about Prime Minister Narendra Modi’s commitments, according to industry sources. Multiple executives from state-owned refining companies indicated they were taken by surprise by the political developments and are awaiting official guidance from the Indian government.

BusinessEnergy

TotalEnergies Reports Strong Q3 Performance Despite Lower Oil Prices

TotalEnergies anticipates improved third-quarter performance despite declining oil prices, according to recent trading updates. The company’s European refining margins surged over 300% year-over-year, while upstream production increases helped counter lower liquefied natural gas output.

TotalEnergies Projects Third-Quarter Growth

French energy giant TotalEnergies expects to report increased third-quarter results, according to recent trading updates. Sources indicate that higher upstream production and improved refining margins have partially offset the impact of lower oil prices and reduced liquefied natural gas output during the July-September period.