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India's Trade Deficit Surges As Energy Import Prices Soar
India's Trade Deficit Surges As Energy Import Prices Soar
India's trade deficit soared in April by more than analysts expected, as the surge in oil and gas prices hiked the Indian energy import bill.
The trade deficit jumped by $8bn from $20.6bn in March to $28.38bn last month, higher than the $26 billion estimate, on a broad-based increase in imports. At the same time, total exports grew by 13.8% in April from a year earlier to hit $43.56 billion.
Oil imports sequentially rose by around 60% MoM likely driven by higher volumes in April (vs....
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Mar 15, 2026 / Tyler Durden
Energy Secretary Directs Oil Company To Resume Operations In California, Citing National Security
Energy Secretary Directs Oil Company To Resume Operations In California, Citing National Security
Authored by Jacob Burg via The Epoch Times,
Energy Secretary Chris Wright on March 13 directed the Texas-based oil company Sable Offshore Corp. to restore operations in water off southern California.
Wright invoked the Defense Production Act to restore the company’s Santa Ynez Unit and Pipeline System near Santa Barbara to address supply disruption risks that “have left the region and U.S. military forces dependent on foreign oil,” according to a Department of Energy news release.
“The Trump Administration remains...
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Jun 10, 2026 / Ryan McMaken
Medieval Europeans Paved the Way for Freedom in the West
Contrary to the myth that kings routinely ruled over cowed subordinates by "divine right" in the Middle Ages, civil governments of the period faced countless institutional obstacles to the exercise of power.
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May 11, 2026 / Tyler Durden
Why Bernie Sanders Is Wrong About Gas Prices
Why Bernie Sanders Is Wrong About Gas Prices
Authored by Robert Rapier via OilPrice.com,
Gasoline prices can diverge sharply from crude oil prices due to refining and logistical constraints.
Tight refinery capacity and geopolitical disruptions have created bottlenecks throughout the fuel supply chain.
Policies that discourage energy infrastructure investment could worsen future fuel price volatility.
When lawmakers propose solutions to complex economic problems, the first requirement should be a clear understanding of how those problems actually work.
A recent Facebook post by Bernie Sanders comparing today’s oil and gasoline prices to those in 2011 suggests...
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