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Russian Oil And Gas

Oil

USD 300 Million Of Indian Oil Firms Stuck In Russia

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...

25 May 2023

Indian External Affairs Minister S Jaishankar

Russia Is India's Top Oil Supplier For Second Month In A Row, EAM Jaishankar Says 'Sensible Policy To Buy Oil At Best Deal'

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...

11 December 2022

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European Union Edges Closer To USD 60-per-barrel Russian Oil Price Cap

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...

02 December 2022

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Ukraine War: How Russia Played The Geopolitics of Energy Weaponisation In The Invasion Of Ukraine

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,...

23 February 2023

World shares were mixed and oil prices rose

World Shares Mixed, Oil Higher After Russia Price Cap Pact

US benchmark crude oil picked up 55 cents to $80.53 per barrel in electronic trading on the New York Mercantile Exchange

05 December 2022

Out of 80 per cent of Indias oil imports, 2 to 3 per cent account from Russia currently.

India Can Buy Russian Oil Subject To Price Cap Conditions: US Treasury Secretary Janet Yellen

US Treasury Secretary Janet Yellen said the price cap imposed on Russian oil by G-7 would give India, China, and Africa bargaining leverage.

12 November 2022

Qatar Replaces Russian Company In Lebanon Gas Exploration

Qatar Replaces Russian Company In Lebanon Gas Exploration

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

30 January 2023

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OPEC+ has announced oil production cuts

Explained: OPEC+ Oil Production Cuts, Concerns Over Price Hike, And How Is The World Reacting

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.

08 October 2022

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13 July 2022
US And Its Allies Aim To Cap Russian Oil Prices In Order To Starve Russia's War Economy

US And Its Allies Aim To Cap Russian Oil Prices In Order To Starve Russia's War Economy

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...


19 June 2022
Sri Lanka Reaches Out To Russia For Cruide Oil Amid Acute Fuel Shortage: Minister

Sri Lanka Reaches Out To Russia For Cruide Oil Amid Acute Fuel Shortage: Minister

Russian state companies are reportedly giving crude oil at lower prices to countries that can afford to pay.


07 April 2022
We Don't Think India Should Increase Russian Imports, We're Ready To Help: White House

We Don't Think India Should Increase Russian Imports, We're Ready To Help: White House

White House also noted that India is importing only 1 or 2 per cent of their oil from Russia.


30 March 2022
Ukraine War: Poland To End All Russian Oil Imports By Year-End

Ukraine War: Poland To End All Russian Oil Imports By Year-End

Germany's imports of Russian gas have also reduced from around 55 per cent to 40 per cent.


27 March 2022
Ukraine War Hits Europe's Climate Goals As It Seek Alternative To Russian Energy Supplies

Ukraine War Hits Europe's Climate Goals As It Seek Alternative To Russian Energy Supplies

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...


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20 March 2022
Russia’s Energy Clout Is Not Just From Oil And Gas, It’s A Key Nuclear Supplier

Russia’s Energy Clout Is Not Just From Oil And Gas, It’s A Key Nuclear Supplier

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...


16 March 2022
UK PM Boris Johnson Calls On World To Wean Off Russian Oil, Gas

UK PM Boris Johnson Calls On World To Wean Off Russian Oil, Gas

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...


09 March 2022
EU Commit To Phasing Out Dependency On Russian Fossil Fuels

EU Commit To Phasing Out Dependency On Russian Fossil Fuels

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...


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