US Sanctions May Not Stop Russian Oil Flow To India

Sanctioning Russian oil would have led to a sharp surge in oil prices to above $80 per barrel levels, which would impact pump prices in the US ahead of midterm elections next year. Illustration:......

Will Trump Pull The Plug On Russian Oil Sanctions?

Whether Trump will actually press ahead with the oil sanctions remains unclear, since keeping Russian oil out of the world market risks high oil prices which could boomerang on the US economy and......

India to scale down Russian oil import: White House

The White House has claimed that India has begun 'scaling back' its oil purchases from Russia at the 'request' of President Donald Trump. IMAGE: White House Press Secretary Karoline Leavitt.......

India cutting back Russian oil buy 'completely', Trump claims again

US President Donald Trump once again claimed that India is going to stop buying oil from Russia, emphasising that India is cutting back Russian oil purchases completely while China will cut back......

Sensex sheds 436 pts on profit booking in bank, oil shares

Stock markets closed lower for the second straight day on Tuesday, with benchmark BSE Sensex declining by 436 points as investors booked profit ahead of the US Federal Reserve's policy decision.......

Reliance stops use of Russian oil at its only-for-export refinery

Reliance Industries Ltd on Thursday said it has halted the use of Russian crude at its export-only refinery in Jamnagar, Gujarat, as the company moves to comply with European Union sanctions.......

Russia Oil Imports Up In Oct

After a three-month slowdown, India's oil imports (already landed) from Russia bounced back in the first 15 days of October to 1.8 million barrels per day. Photograph: Bing Guan/Reuters   Owing......

Oil companies breathe easy as Saudi cuts LPG price

Saudi Arabia's steep cut in LPG benchmark prices has pushed India's household LPG underrecoveries to their lowest level in over two years, slashing oil companies' losses from Rs 200-250 per......