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US sanctions 2 largest Russian Oil companies

The US Department of the Treasury on Wednesday imposed sanctions on Russia's two largest oil companies, Rosneft and Lukoil, in an effort to pressure the Kremlin to end its war in Ukraine. IMAGE:......

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.......

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......

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:......

Ukrainian drones hit one of Russia's largest oil refineries

Ukrainian drones attacked the Kirishi oil refinery in Russia's northwest, one of the country's largest, sparking a fire when debris fell from a shot-down drone, Russian officials said on Sunday,......

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......

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.......

US sanctions on Russian oil firms to hit Reliance

US sanctions against two of Russia's largest oil companies are expected to impact Reliance Industries' crude imports from Russia, while state-run refiners may continue purchases through......

Reliance to comply with US sanctions on Russian oil

Reliance Industries Ltd, India's largest buyer of Russian oil and most impacted by the latest US sanctions, on Friday said it will comply with all applicable restrictions and will adjust its......

Upstream oil companies return to Andaman Sea, dig offshore wells

In a significant move, state-run oil producer Oil India Limited (OIL) has finished drilling its first well in the Andaman sea while Oil and Natural Gas Corporation (ONGC) has just started drilling......

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