UK Cracks Down On Russia, Sanctions Global Oil Firms, Hits Indian Refiner As Well
The UK’s latest sanctions target four oil terminals in China, 44 Russian crude carriers and India’s Naira Energy. Britain claims Naira imported 100 million barrels of Russian oil in 2024, worth over $5 billion.
Oct 17, 2025, 04:37 AM IST
Trump’s Pressure Works! Russian Crude Oil Imports Decline, Who Is Benefitting?
After the Ukraine war, Russia began selling crude oil to India at discounted rates. India purchased large volumes, making Russia its largest supplier. India ranks as the world’s third-largest crude oil importer.
Oct 07, 2025, 02:47 AM IST
Putin Lauds PM Modi, Says 'India Will Never Accept Humiliation' Amid US Tariff Pressure
Speaking at a forum of Russian experts, Putin stated that imposing higher tariffs on Moscow’s trade partners would only push up global prices and force the US Federal Reserve to maintain high interest rates.
Oct 03, 2025, 06:15 AM IST
US Pressure Unlikely To Move Putin: Why India's Oil Trade Won’t End Russia’s War In Ukraine
US efforts to curb Russian oil revenues through India face limits as Moscow’s war strategy remains firm, backed by other buyers and strategic interests.
Aug 29, 2025, 07:08 AM IST
Cheap Russian Oil Fails To Benefit Common Indians: Oil Companies’ Profits Soar 25-Fold, Govt Collects Over 40% Tax
Despite discounted crude oil imports from Russia, India’s common citizens see no relief at fuel stations. Private refiners and the government pocket the gains.
Aug 14, 2025, 04:53 AM IST
Iran supports 'any decision' to stabilise oil market: Minister
Tehran: Iran's oil minister said today that the Islamic republic supports "any decision" to stabilise the global oil market and that USD 50-60 per barrel is the desired price for most OPEC members.
Sep 06, 2016, 16:23 PM IST
Shell says could exit 10 countries
London: Energy giant Royal Dutch Shell on Tuesday said it could exit up to 10 countries under a previously announced plan to sell oil and gas assets over two years.
Jun 07, 2016, 18:42 PM IST
Half of global oil glut may disappear if output deal works
Even if Iran did not agree to join the deal, which is being proposed by Saudi Arabia, Russia, Qatar and Venezuela, Texler said there would still be an effect on the market.
Feb 19, 2016, 18:00 PM IST
Crude oil futures down on weak Asian cues
The trading sentiment eased in futures trade after crude oil prices fell in Asian trade today following gains at the end of last week while there are still concerns about a global supply glut as OPEC prepares for a meeting where it is expected to maintain output, analysts said.
Jun 01, 2015, 10:54 AM IST
'Govt needs contingency plan to tackle crude price volatility'
Oil prices rupee terms, prices have shot up by 11 percent from Rs 3,789.86 to Rs 4,203.94 per barrel.
May 10, 2015, 12:36 PM IST
SocGen raises oil price forecasts on pending US output decline
Societe Generale raised its price forecasts for crude on expectations of a rebalancing of the global oil market spurred by an imminent decline in U.S. production.
Apr 24, 2015, 12:19 PM IST