Page 3 - Russia Oil Production

India's Russian oil imports may dry up as US sanctions hit Rosneft, Lukoil

Latest sanctions will mean that orders due to be placed over the coming week - for crude that will load in November and deliver in December - will now be overwhelmingly from other destinations

US imposes new sanctions on Russia's top oil firms Rosneft and Lukoil

Treasury Secretary Scott Bessent announced new sanctions Wednesday against Russia's two biggest oil companies and blasted Moscow's refusal to end its senseless war as U.S.-led efforts to end the war floundered and the Ukrainian president sought more foreign military help. The sanctions against Rosneft and Lukoil, as well as dozens of subsidiaries, followed months of bipartisan pressure on President Donald Trump to hit Russia with harder sanctions on its oil industry. Now is the time to stop the killing and for an immediate ceasefire, Bessent said in a statement. Given Russian President Vladimir Putin's refusal to end this senseless war, Treasury is sanctioning Russia's two largest oil companies that fund the Kremlin's war machine. Bessent said the Treasury Department was prepared to take further action if necessary to support Trump's effort to end the war. We encourage our allies to join us in and adhere to these sanctions. Bessent made the comments as NATO Secretary General Mark .

India not going to buy much oil from Russia, says US President Donald Trump

US President Trump and PM Modi discuss trade, India's Russian oil imports, and regional issues in Diwali call; PM reiterates India-US partnership and anti-terror stance

EU energy ministers push to ban all Russian gas by 2027 amid US pressure

Europe has been under pressure from the US to speed up moves to sever its energy ties with Moscow, and buy more American liquefied natural gas

'India won't buy Russian oil': Trump repeats claims of speaking to PM Modi

Trump reiterated that PM Modi assured India would not buy Russian oil now, despite New Delhi dismissing his claims; Trump added New Delhi would continue paying 'massive' tariffs otherwise

50% Trump tariffs: Call on support measures hinges on trade deal

Both countries are negotiating a comprehensive resolution that addresses both the pending issues in their trade deal and Washington's concerns over New Delhi's continued purchase of Russian oil

Dark ship appears to transfer US sanctioned Russian LNG off Malaysia

The Perle, which was sanctioned by the US earlier this year, is currently anchored parallel to another vessel approximately 90 kilometers (55 miles) east of the Malaysian peninsula

US, Saudi Arabia vie for larger share of India's crude oil import pie

Amid global oversupply, the US is emerging as a cost-competitive oil supplier to India, challenging Saudi Arabia and other Gulf producers even as Russian barrels dominate

UK slaps 90 sanctions on Russian firms, Nayara Energy to curb Kremlin funds

The UK government has imposed sanctions to cut Russian oil revenues, targeting Putin's war funding and aiming to block money flowing to the Kremlin

Russian oil imports in Apr-Sep fell 8.4% on tighter supplies, discounts

September's volume was flat versus August at 1.6 million bpd, down 14.2 per cent from the same month a year ago, the data showed

Sanction-hit Nayara scrambles to sustain operations with support from India

Blocked from international markets by EU sanctions, the Russian-owned refinery has diverted more fuel to India and sought new export customers through various workarounds

Indian refiners likely to import more Russian oil as discounts deepen

Discounts on Urals crude loading in November are $2-to-$2.50 a barrel to Dated Brent, making it attractive

Russian oil traders ask Indian buyers to pay in yuan amid strong China ties

In 2023, Indian state refiners made some payments for Russian oil in yuan, but they stopped due to displeasure from the Indian government during a period of heightened tensions with Beijing

Hungary clings to Russian oil, gas as EU, NATO push to cut supplies

As the European Union pushes to fully sever its reliance on Russian energy and the administration of US President Donald Trump urges NATO members to abandon Russian oil, one country's populist government stands firm. Hungary and its leader, Prime Minister Viktor Orbn, have long argued Russian energy imports are indispensable for the country's economy and switching to fossil fuels sourced from elsewhere would cause an immediate economic collapse. Orbn, who has long had the friendliest ties to the Kremlin of any EU leader, has vigorously opposed the bloc's efforts to sanction Moscow after its invasion of Ukraine in February 2022, and blasted attempts to hit Russia's energy revenues that help finance the war. As the rest of Europe has weaned off Russian energy, Hungary has maintained, and even increased, its Russian imports, insisting no viable alternative exists. But some energy experts as well as Orbn's critics, who see his commitment to Russian energy as a symptom of his affinity

India eyes first US LPG deal as trade war shifts global fuel supply routes

India's state oil companies plan to import up to three large US LPG cargoes per month in 2026, marking the country's first long-term US supply deal

No international sanctions on buying Russian crude, says Hardeep Singh Puri

Petroleum Minister Hardeep Singh Puri said India will keep importing Russian oil as no sanctions ban such purchases, while stressing PSU oil firms are profitable but undervalued

India and US discuss contours of trade deal; seek early conclusion

Commerce Minister Piyush Goyal led a delegation to New York, where India and the US discussed contours of a trade deal and agreed to work towards an early conclusion despite oil-related hurdles

Nayara Energy finds new buyers after EU sanctions hit Russian oil trade

The privately-owned company halted exports for about two weeks after it was sanctioned by the European Union on July 18 for dealing in Russian oil

Hungary's Orban tells Trump cutting Russian energy would cripple economy

Hungarian Prime Minister Viktor Orbn said Friday that Hungary will continue to source fossil fuels from Russia despite demands from his ally US President Donald Trump, and that he'd informed the president that dropping Russian energy would be a disaster for Hungary's economy. Hungary remains one of the only countries in Europe to continue purchasing Russian oil and natural gas following Russia's full-scale invasion of Ukraine in February 2022. But Trump, an admirer of the long-serving Hungarian leader, earlier this month called on all NATO countries including Hungary to cease purchasing Russian oil, since he believes the Russia-Ukraine war would end if they did so. In comments to state radio on Friday, Orbn said he recently told Trump that that dropping Russian energy imports would be an economic disaster for Hungary. I told the US president ... that if Hungary is cut off from Russian oil and natural gas, immediately, within a minute, Hungarian economic performance will drop by 4 p

Buy oil from any country except Russia: US energy secretary tells India

Wright clarified the US position, stating, 'We wish India would work with us to buy (oil)'