Page 33 - Russia Oil Production

Asia stocks rebound after Wall Street falls, US bans Russian oil import

Asian stocks rebounded Wednesday after Wall Street declined and China reported inflation edged higher. Already high oil prices rose further, adding more than USD 2 per barrel following President Joe Biden's ban on imports of Russian crude. Stock benchmarks in Shanghai, Tokyo and Sydney rose while Hong Kong declined. South Korean markets were closed for a presidential election. Wall Street's benchmark S&P 500 index sank 0.7 per cent amid enduring unease over the impact of Russian President Vladimir Putin's attack on Ukraine. Asian markets seem to be taking a breather from their sell-off, but Wall Street's retreat may drive some wait-and-see as geopolitical risks show no signs of easing, Yeap Jun Rong of IG said in a report. Also Wednesday, China's government reported consumer prices rose 0.6 per cent in February from the previous month while producer prices gained 0.5 per cent. The Shanghai Composite Index rose 0.6 per cent to 3,312.39 and the Nikkei 225 in Tokyo gained 0.9 to ...

Not all allies currently in position to join Russia oil ban: US official

The US admin said it consulted its European allies before banning the import of Russian oil and gas while stressing that it recogniSes not all of its partners were in a position to follow suit.

India's economic challenges amid soaring crude oil price

Russia has threatened to shut its gas pipeline to Germany and warned of crude price at $300 a barrel. Back home, the signs of economic distress are imminent. What are the challenges ahead of India?

China mulls stakes in Russian energy, commodity companies: Report

Any deal would be to bolster China's imports as it intensifies its focus on energy and food security - not as a show of support for Russia's invasion in Ukraine - the people said

EU aims sanctions on 14 wealthy Russians, dozens of lawmakers

The EU is also divided over whether to impose an embargo on Russian oil

Joe Biden bans US import of Russia oil in attempt to punish Putin

Britain, EU commit to phasing out dependency on Russian energy supply

Russia-linked Nayara Energy put under credit watch, says CARE Ratings

Nayara operates the 400,000 barrel-per-day (bpd) Vadinar refinery in India's western Gujarat state and has a fleet of about 6,500 retail fuel stations in the country.

Top Headlines: ex-NSE CEO Chitra arrested; SII bets on non-Covid vaccines

Business Standard brings you the top headlines at this hour.

Ukraine war: US, allies discuss Russia oil import sanctions, says Blinken

US Secretary of State Antony Blinken says the US and its allies are having a very active discussion about banning the import of Russian oil and natural gas in the latest escalation of their sanctions

Shooting a bunch of missiles at the architecture of globalisation

The West's attempt to bring Vladimir Putin to heel by weaponising everything from aircraft spares to finance will have much wider repercussions, writes T N Ninan

Oil rebounds as escalating Ukraine conflict raises supply concerns

Global stocks fell and oil prices rose on signs of an escalation in the Russia-Ukraine conflict after reports of a fire at a Ukrainian nuclear power plant after an attack by Russian troops

Oil hits almost decade high of $119 before Iran throttles the rally

Analyst says Iran deal can't replace Russia disruptions; OPEC and its allies have snubbed calls to accelerate output rises

Russia's Sakhalin 1 partners to decide on ops in next few weeks: ONGC

ONGC Videsh said it and its partners will decide on how to keep operating the Sakhalin 1 project over next few weeks, after Exxon Mobil's decision to exit Russia's oil and gas sector

Ukraine war raises spectre of Russia's first external debt default

Russia has never defaulted on sovereign hard currency debt, but reserve freeze, severed financial ties, politics pose risk ; Moscow has stopped payments on local sovereign bonds already

Oil soars to $113 as Russian supply disruptions increase amid sanctions

Brent crude futures rose by more than $8, touching a peak of $113.02 a barrel, the highest since June 2014, before easing to $111.53, up by $6.56 or 6.3% by 0950 GMT

How will Russia be hit if wealthy nations stopped buying its oil?

Russia produces close to 11 million barrels per day of crude oil. It uses roughly half of this output for its own internal demand

Oil markets hit multiple milestones after sanctions on Russia

Brent crude topped $112 a barrel on Wednesday, the highest since 2014, shrugging off news that several developed countries plan to release a record 60 mn barrels of petroleum reserves to cool prices

BPCL seeks extra Gulf oil, fearing Russian supply hit: Report

BPCL, India's second-biggest state refiner, on an average buys two million barrels of Russian Urals every month on a delivered basis

IEA weighing potential oil stocks release after Russia invasion

Crude oil was trading around $104 a barrel on Tuesday as some buyers shunned Russian barrels after Western allies imposed sanctions on Moscow

Brent crude breaches $100 per barrel mark again amid Russia-Ukraine crisis

For India, the price range is a cause of concern as it may add Rs 8 to Rs 10 in petrol and diesel selling prices, if the OMCs decide to revise the current prices