Page 6 - Russia Oil Production

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)'

Govt aims to expand trade in energy products with US: Piyush Goyal

India assures US of a bigger role in its energy security, with plans to boost trade in energy and nuclear cooperation, while avoiding mention of Russian oil imports amid tariff tensions

Hope we can fix it, says Rubio on US tariffs on India for Russian oil buy

The White House has imposed a cumulative 50 per cent tariffs on Indian goods, including a 25 per cent penalty for New Delhi buying Russian oil

Trump renews pressure on European countries to stop buying oil from Russia

The EU has already passed a ban that will prohibit importing petroleum products refined from Russia crude starting next year

US pushes to include India's Russian crude imports in trade negotiations

US officials have sought India to include Russian oil purchases in trade talks, even as New Delhi's refiners boost imports

Sanctioned Russian oil tanker reroutes to Vadinar after Adani port ban

A sanctioned Russian oil ship headed for Adani's Mundra port has changed course to Vadinar after the group barred blacklisted vessels, putting India's crude imports under fresh scrutiny

US plan to slap tariffs on India and China risks global trade backlash

Since India has none of China's bargaining chips, Trump has found it easy to target it for buying discounted Russian oil, a threat of further punishment, however, could backfire

Sanctions leave Nayara struggling to secure non-Russian crude supplies

Nayara Energy - part-owned by Russian oil giant Rosneft PJSC and blacklisted by the European Union in July - is facing difficulties in securing non-Russian crude supplies for a second month in a row as western shipping companies refused to ferry oil for it, ship tracking data showed. Nayara, which has already cut down the run rate of its 4,00,000 barrels a day oil refinery at Vadinar in Gujarat, remains heavily reliant on Russian barrels since August. The company got about 2,42,000 barrels per day (bpd) of Russian oil, possibly in ships arranged by Moscow, in August, and another 3,32,000 bpd in the first half of September, preliminary data by global trade analytics firm Kpler showed. It did not get any crude oil, which is converted into fuels like petrol and diesel at the refinery, from other key sources, such as Iraq and Saudi Arabia, in both August and September. Iraq and Saudi Arabia had supplied about 1,20,000 bpd of crude to Nayara in July. "Nayara's situation remains challeng

Trump urges Nato to halt Russian oil imports, push tougher sanctions

"I am ready to do major sanctions on Russia when all Nato nations have agreed, and started, to do the same thing, and when all NATO nations stop buying oil from Russia," Trump said

Ukraine steps up attacks on Russian refineries, targets exports with drones

Kyiv says it aims to cut Russia's fuel and oil revenues, while Western allies warn such moves could disrupt global energy supplies

Trade overtures: India should support exporters, affected businesses

With the US imposing steep tariffs on Indian exports, New Delhi must support affected firms while pursuing new markets, as trade talks with Washington remain uncertain

Why is India in a rush to seal an FTA with the Russia-led Eurasian bloc?

The trade deal, when finalised, will help narrow high trade deficit with Russia by opening up new export markets in Armenia, Belarus, Kazakhstan, Kyrgyzstan, and will also push connectivity plans

Russian crude oil supply remains steady despite sanctions pressure

In first nine days of Sep, loadings for India stood at 1.55 million bpd, as against August loadings of 1.49 million bpd

Trump urges EU to impose 100% tariffs on India, China to pressure Russia

If adopted, Trump's proposal would mark a significant shift for the EU, which has so far relied on sanctions rather than tariffs to isolate Russia

Peter Navarro lashes out at India after another online fact-check on X

Peter Navarro, Senior Counsellor for Trade and Manufacturing for US President Donald Trump, on Monday yet again attacked India after being continuously fact-checked for his false claims on X.Instead of facing facts about Indian oil purchases from Russia, he alleged Indians of twisting the results of a poll he had posted on X.He wrote on X, "India has largest population in the world & all it can do is manage few hundred thousand X propagandists to jerk around a poll? Too funny. America: look at how foreign interests use our social media to advance their agenda."Navarro's reaction came to his previously challenged X's content moderation policies on which he had launched a poll to gauge user opinions, escalating his feud with the social media platform after being corrected on his earlier post."Indian special interests trying to interfere with domestic dialogue with lies about India buying Russian oil. Should X present this crap as comments from "diverse viewpoints"?, he wrote on