Page 11 - Russia Oil Production

Rs 500 cr insurance pool helps India withstand G7 cap on Russian oil

Pool has already insured over 25 voyages, since it was formed in June under national reinsurer GIC Re, says top official

Putin says Russia to stop supplying energy if Western price caps imposed

Speaking at an economic forum in Vladivostok, Putin said European calls for a price cap on Russian gas were 'stupid', and would lead to higher global prices and economic problems in Europe

Oil slumps below $85 for first time since January on demand fear

US benchmark West Texas Intermediate sank below $85 while the global Brent benchmark fell below $90

US hopes China, India will take advantage of Russia oil price cap: Official

U.S. Deputy Treasury Secretary Wally Adeyemo said he was hopeful that China and India would join the coalition of countries seeking to impose a price cap on Russian oil or simply use the cap

Road ahead for investors amid OPEC output cut, European energy crisis

The European countries are bracing for a winter sans gas as supplies remain disrupted from Russia. And oil prices are above $95 per barrel on the supply cut decision by OPEC+. What next for investors?

Will join Russia oil cap coalition when alternative supply is ensured: Govt

India has said it will consider backing the price cap on Russian crude oil proposed by the US only when it will be assured of supplies from Venezuela and Iran

No Stream: EU gas markets brace for price surge after latest Russia gas cut

Europe has accused Russia of weaponising energy supplies in what Moscow has called an 'economic war' with the West over the fallout from the Ukraine conflict

In meeting on Russia's Far East, India to focus on expanding oil footprint

PM Modi to address by video four-day meeting of Eastern Economic Forum in Vladivostok

G7 finance ministers agree to impose price cap on Russian oil

The ministers from the club of wealthy industrial democracies confirmed their commitment to the plan after a virtual meeting

G-7 set to back plan to cap Russian oil price to ease market pressure

Once the G-7 support is official, diplomats will have to convince European Union member nations to amend its sixth round of sanctions on Russia over the invasion of Ukraine

India's oil imports from Russia fall in last two months, down 25% from June

In August, India imported 7,38,024 barrels per day from Russia, 18 per cent lower than in July

Russia's Gazprom Neft says oil production recovered to pre-Covid levels

Many countries have imposed sanctions on Russia, but key oil consumers China and India have stepped up imports of discounted Russian barrels to record levels

West's criticism of India for Russian oil imports double standards: Russia

The criticism of India by the Western countries on its imports of Russian crude oil while exempting themselves from their "own illegitimate sanctions" is a reflection of their unprincipled position and double standards, Russian Ambassador Denis Alipov said on Sunday. In an exclusive interview to PTI, the envoy said trade between India and Russia has been on an upswing and both sides have several payment systems in place and that there is an option even of using currencies of third countries with certain "partners" in Asia and in the Middle East offering viable choices. Historically, Russia has not been a major source of fossil fuel for India but the imports of discounted Russian crude oil have seen a massive increase in the last few months, notwithstanding rising disquiet in many Western capitals. "Those in the West who criticise India not just slyly keep silent about the fact that they themselves actively buy Russian energy resources exempting them from their own illegitimate ...

India's crude oil imports from US dip by one million tonnes in June quarter

At the same time, share of Russian oil in India's crude basket rose from 2.2% in FY22 to 12.9% in the first quarter of FY22

Russia may step up exports of fuels to Asia as EU sanctions tighten

Moscow's invasion of Ukraine has caused turmoil across energy markets this year, and that disruption is set to extend into 2023

Europe gas prices jump as latest Russian cut plan stokes supply fears

European gas prices surged after Moscow's move to shut a major pipeline ramped up fears of a prolonged supply halt, leaving Germany once again guessing as to how much Russian fuel it can count on

At $4.3 bn, imports from Russia jump nearly 7 times in June: Govt data

Oil makes up 71% of total imports from the country

Indian ship used to move Russia-linked fuel to New York: US tells India

The US Treasury Dept told India that an Indian ship picked up oil from a Russian tanker on the high seas and brought it to a port in Gujarat, said RBI Deputy Governor Michael Patra

Never been defensive about stand on buying Russian oil: Jaishankar

The US and other nations in the world may not appreciate India buying Russian oil, but they have accepted it as New Delhi has not been defensive about its stand, EAM said

Oil prices see-saw, settle on Russian pipeline constraints, recession fear

Crude prices have been under pressure for weeks as fears mounted that a recession could cut oil demand