Page 27 - Russia Oil Production

Pvt refiners profit from cheap Russian crude, state refiners suffer: Report

While many Western buyers are avoiding Russian crude in response to its invasion of Ukraine, Indian private refiners such as Reliance and Nayara have been among the biggest buyers this year

High energy prices, Asian markets could blunt EU ban on Russian oil

EU's decision to ban Russia oil over Ukraine invasion is a blow to Moscow's economy but its effects may be blunted by rising energy prices and other nations willing to buy petroleum, experts say

Oil prices open higher on EU Russian oil ban, end of Shanghai lockdown

Oil prices rose in early Asian trade today after EU leaders agreed to a partial and phased ban on Russian oil and China ended its Covid-19 lockdown in Shanghai

Brent tops $124 as European Union to ban 90% of Russia oil by year-end

Ban likely to cost moscow billions of dollars every year

Oil prices' bull run continues as EU agrees to ban Russian oil supply

LONDON (Reuters) -Oil prices extended a bull run on Tuesday after the EU agreed to a partial ban on Russian oil and China decided to lift some coronavirus restrictions amid rising demand ahead of peak U.S. and European summer driving season.

Oil prices rise after EU agrees to ban most Russian crude imports

Oil prices rose after EU agreed to slash oil imports from Russia by the end of 2022, fuelling worries of a tighter market already strained for supply amid rising demand

EU leaders agree on partial embargo on Russian oil amid Ukraine war

European Union leaders reached a compromise to impose a partial oil embargo on Russia at a summit focused on helping Ukraine

EU leaders meet as Hungary sticks to its guns on Russian oil ban

European Union (EU) leaders gathered in Brussels for a special meeting that is likely to be overshadowed by disagreement on phasing out imports of Russian oil, which Hungary is blocking

Ukraine war-led spike in prices buoy Q4 performance of ONGC, Oil India

Reversal in price trends, policy measures such as windfall tax by the government and fall in refining margins are among key downside risks

EU wrestles with Russia oil embargo as leaders gather for Ukraine aid

EU leaders will gather in a new show of solidarity with Ukraine but divisions over whether to target Russian oil in a new series of sanctions are exposing the limits of how far the bloc can go

Oil prices climb above $120/barrel ahead of EU meeting on Russia sanctions

The Brent crude futures contract for July, which will expire on Tuesday, was up 59 cents, or 0.5%, at $120.02 a barrel at 1100 GMT.

Pakistan open to buying oil, wheat from Russia amid rise in fuel prices

Pakistan Foreign Office spokesperson Asim Iftikhar said the country has an "open policy" driven by a national interest to expand economic and trade relations

Putin says he is ready to deliver gas, discuss prisoner swap: Austria

Austrian Chancellor has informed recently that Russian President Vladimir Putin has agreed to provide full natural gas supplies to the nation

More Russian oil than ever before heading for China, India amid sanctions

Asia overtook Europe as the largest buyer for the first time last month, and that gap is set to widen in May

High gas prices, energy security fears impede decarbonisation push

Europe is importing record volumes of liquefied natural gas (LNG) as gas from its top supplier Russia has been disrupted following the Ukraine crisis

Oil prices jump 3% to 2-month high as EU seeks to ban Russian supply

NEW YORK (Reuters) -Oil prices rose about 3% to a two-month high on Thursday on signs of tight supply ahead of U.S. summer driving season, as the European Union (EU) wrangled with Hungary over plans to ban crude imports from Russia over its invasion of Ukraine.

Oil price climbs on tight supply, prospect of EU ban on Russian supply

LONDON (Reuters) -Oil prices rose on Thursday, extending a cautious rally this week on signs of tight supply while the European Union (EU) wrangles with Hungary over plans to ban imports from Russia, the world's second-largest crude exporter, after it invaded Ukraine.

Global LNG markets brace for uncertainty over Russian gas supplies

Western sanctions on Russia due to the Ukraine invasion have sparked fears of disruption of Russian gas supply to Europe, sending global gas prices to all-time highs

Govt exploring Rupee-Rouble payment for fuel import amid sanction: Report

The government is exploring a payment mechanism for the import of oil from Russia in view of the sanctions imposed by the US and European countries following Moscow's attack on Ukraine.

India to keep buying 'cheap' Russian oil, discount to be finalised: Report

The official also said India was increasing its dependence on coal due to surging power demand, adding that state-run Coal India will produce more coal in the coming months.