Page 31 - Russia Oil Production

Oil prices dip as Europe turns away from Russian oil, dollar soars

Oil prices dipped on Wednesday as a soaring dollar made barrels more expensive and Europe's biggest economy Germany was speeding up plans to wean itself off Russian oil

Russia says it's cutting gas to 2 European Union nations in escalation

Russia decided to shut off gas to two European Union nations that staunchly back Kyiv

ONGC struggling to move Russian oil to Asia as sanctions bite: Report

Several Indian companies including ONGC have stakes in Russian oil and gas assets, and India has been buying more Russian crude since Moscow invaded Ukraine

Ukraine war reminder that dependency on Russian fuels unsustainable: EU

The European Commission President said the energy policy has become the security policy as well

The biter bit: The sanctions on Russia are beginning to hurt buyers now

All things considered, might it have been better and cheaper, shed less blood, and avoided a huge refugee problem if Russia had been allowed a buffer zone in Eastern Europe, wonders T N Ninan

Oil prices rise as investors focus on lower supply from Russia, Libya

Analysts said market volatility is likely to pick up again soon, with the EU still weighing a ban on Russian oil for its invasion of Ukraine

Oil prices settle mixed amidst Russia supply, demand concerns

The front-month WTI crude futures contract, which expires on Wednesday, rose 19 cents to settle at $102.75, unchanged

Ukraine war: France trying to convince EU to impose embargo on Russian oil

France is trying to convince its EU partners to impose an embargo on oil supplies from Russia to undermine its ability to finance its special military operation in Ukraine, French Minister Le Maire sa

Zelenskyy: Russian oil ban key step to peace, seeks support from countries

Ukrainian President Volodymyr Zelenskyy said Friday that existing sanctions on Russia are painful but not yet enough to stop the Russian military.

How India stands to gain amid calls for EU to ban Russian oil imports

If Europe adopts official sanctions on Russian crude and fuel, prices will likely surge, and India could profit even more from refining Russian oil to fuels it then sells to Europe for more money.

Global traders to reduce Russian oil purchases from May 15: Report

LONDON (Reuters) -Major global trading houses are planning to reduce crude and fuel purchases from Russia's state-controlled oil companies as early as May 15, sources said, to avoid falling foul of European Union sanctions on Russia.

Oil falls 4% to below $100 per barrel on worsening China demand outlook

Brent crude for June delivery was down $3.93, or 3.8 per cent, at $98.85 a barrel by 1130 GMT

Oil prices dip 3rd day in row as EU pauses on Russian energy sanctions plan

Oil prices fell for a third straight day on Thursday after the European Union paused on an immediate ban of Russian coal and other energy imports

Oil prices climb as Europe targets new sanctions on Russian oil imports

Ole Hansen, head of commodity strategy at Saxo Bank, expects oil prices to trade between $90 and $120 a barrel during the second quarter

Russia-Ukraine fallout starts felling fragile 'frontier' economies

A handful were already on the brink of debt crises in the wake of the COVID pandemic, the war's resulting surge in energy and food prices, however, have undoubtedly made things worse.

Europe pursues payment response as Russian gas supply threat eases

European governments and companies worked on a common approach on Friday to Russia's demand that they pay for its gas in roubles as the threat of an imminent supply halt eased.

Sitharaman, Jaishankar defend India buying Russian oil

Jaishankar said said that Europe has bought 15 per cent more oil and gas from Russia than it did the month before

India will continue to buy oil from Russia: FM Nirmala Sitharaman

Russia is offering more oil to India at a discount of as much as $35 a barrel on prices before the Ukraine war

European gas buyers navigate Russian rouble order as supply threat eases

But Russia does not have an alternative market to deliver its natural gas to, so stopping flows would also hit its income

Lavrov arrives on 2-day visit: Russia oil at $35 less than pre-war rate

India also gets offer of rupee-ruble-denominated payments