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India’s Oil Import Bill Jumps 48% as Crude Prices Soar

India’s crude oil import bill jumped 48.4% to $74.8 billion in April-August as higher oil and shipping costs overwhelmed a slight decline in import volumes.

Coverage (1)· Sep 22, 9:15 AM

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OilPrice· Sep 22, 9:15 AMIndia’s Oil Import Bill Jumps 48% as Crude Prices Soar

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Trump has a ‘sledgehammer’ way to slash diesel prices. But it could boomerang back on the USBy Matt Egan, CNN New York (CNN) — Diesel, the most important fuel on the planet, is so expensive that some Republicans want President Donald Trump to stop exporting it to friends and allies. “High diesel prices ARE KILLING FARMERS INCOME,” Republican Sen. Chuck Grassley posted on X last week, calling for an “embargo on

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Republicans were bullish about the Senate. Now they’re playing defense in red states.President Donald Trump’s economic agenda is becoming a particular problem in the Midwest.

POLITICO14d agoWhole story →

Economy midterm elections

Oil interests reject Jeff Landry's diesel export ban ideaGov. Jeff Landry is calling for a ban on exports of diesel fuel, saying it’s a way to lower historically high prices.

Baton Rouge Advocate14d agoWhole story →

Planet Jeff Landry diesel export ban proposal

Tariffs Need a Checks-and-Balances System From the BeginningIf tariffs are going to remain part of the policy toolkit for this administration, Congress should require any temporary levy to contain an unwinding mechanism from the outset and attach the mechanism to every delegated tariff authority, writes Andrew Leahey in Technically Speaking.

Bloomberg Tax News14d agoWhole story →

Government tariff refund policy

Trump and Xi see tensions flare over AI, trade and Iran but still seek stabilityU.S. President Donald Trump is hosting Chinese leader Xi Jinping in Washington this week as economic and tech competition escalates between the two countries.

WDIV ClickOnDetroit14d agoWhole story →

Economy Donald Trump us china summit

Since

Failing San Antonio Public School Hosts Democrat-Backed Anti-ICE Protesters with Vulgar DisplaysIn yet another chapter of the saga to stop a planned U.S. Immigration and Customs Enforcement (ICE) detention facility in San Antonio, protesters organized by the Bexar County Democrats held a march and rally that began and ended at a local public middle school. The post Failing San Antonio Public School Hosts Democrat-Backed Anti-ICE Protesters with…

Breitbart News Network2d agoWhole story →

Let exchange rate act as shock absorber: IMF on Fed hike impact on IndiaOn September 17, the Federal Reserve raised interest rates for the first time since July 2023 and indicated another hike could follow, as part of its effort

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Trump unveils AI task forceThe US director of national intelligence and the Federal Trade Commission chairman will head up the White House’s “Super Intelligence Force” on AI, President Donald Trump announced Sunday.

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Trump Heads to Nebraska on Monday, Where His Plan to Import More Beef Has Angered RanchersWASHINGTON (AP) — President Donald Trump is taking his Republican midterm rescue mission to Nebraska on Monday, campaigning alongside GOP Sen. Pete Ricketts, who is running against an independent candidate backed by national Democrats.

U.S. News & World Report1d agoWhole story →

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House Democrats slam Trump over Russia sanctionsUS Trade Representative Jamieson Greer wouldn’t commit last week to imposing Russia sanctions recently enacted by Congress.

Semafor21h agoWhole story →

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