Indian state oil firms have invested USD 5.46 billion in buying stakes in four different assets in Russia, including a 49.9 per cent stake in the Vankorneft oil and gas field and another 29.9 per cent in the TAAS-Yuryakh...
The Indian government has been vehemently defending its trade with Russia, saying it has to source oil from where it is the cheapest. External Affairs Minister S Jaishankar told the Rajya Sabha this week, 'we buy oil from...
The latest offer, confirmed by 3 EU diplomats, comes ahead of a deadline to set the price for discounted oil by Monday, when a European embargo on seaborne Russian crude and a ban on shipping insurance for those supplies...
Russia’s strategic move to use energy as a bargaining tactic serves its strategic interest well at present. This created a new fissure among the European countries over the nature of energy engagement with Russia. However,...
US benchmark crude oil picked up 55 cents to $80.53 per barrel in electronic trading on the New York Mercantile Exchange
US Treasury Secretary Janet Yellen said the price cap imposed on Russian oil by G-7 would give India, China, and Africa bargaining leverage.
The companies did not find viable amounts of oil or gas in block No. 4 north of Beirut, and drilling in block No. 9 in the south has been repeatedly postponed because of the dispute with Israel
Oil prices have started to rise with the announcement of OPEC+ countries to reduce oil production. Lower supply would result in higher prices, which would worsen situations in countries already reeling under inflation.
US and its allies aim to debilitate the Russian charge by imposing further sanctions, which could prevent the Oil prices from soaring and curbing future...
Russian state companies are reportedly giving crude oil at lower prices to countries that can afford to pay.
White House also noted that India is importing only 1 or 2 per cent of their oil from Russia.
Germany's imports of Russian gas have also reduced from around 55 per cent to 40 per cent.
In the near-term, ending energy ties with Russia puts the focus on securing alternative sources of fossil fuels. But longer term, the geopolitical and price...
As Western nations look for ways to reduce their reliance on Russian oil and gas, another aspect of the Ukraine crisis has received less attention: Most of the...
Johnson is scheduled to meet with leaders in Abu Dhabi and Riyadh for talks on energy, regional security and humanitarian relief as part of what Downing Street...
The EU leaders meet in Versailles outside Paris for a two-day summit starting Thursday and will be working on ways to reduce their dependency on Moscow for...
