Page 11 - Russia Oil Production

India will continue to buy oil from Russia: FM Nirmala Sitharaman

Russia is offering more oil to India at a discount of as much as $35 a barrel on prices before the Ukraine war

European gas buyers navigate Russian rouble order as supply threat eases

But Russia does not have an alternative market to deliver its natural gas to, so stopping flows would also hit its income

Lavrov arrives on 2-day visit: Russia oil at $35 less than pre-war rate

India also gets offer of rupee-ruble-denominated payments

OPEC likely to stick to modest oil boost despite war jitters

Analysts expect the group, known as OPEC+, to stay on its schedule of gradual increases to restore production cuts made during the depths of the coronavirus pandemic in 2020

Putin proposes procedure to continue gas payments in euros: Germany

Russian President Vladimir Putin has told German Chancellor Olaf Scholz that European partners can continue paying for Russian gas in euros, a government statement said

Russia offers oil to India at steep discount to pre-war price of $35/barrel

Russia is offering India steep discounts on the direct sale of oil as mounting international pressure lowers the appetite for its barrels elsewhere, Bloomberg reports

US official warns India, others against increasing Russian oil imports

A significant increase in Russian oil imports by India could expose New Delhi to a "great risk" as the US prepares to step up enforcement of sanctions against Moscow, a senior official said

Russian oil firm shuffles Venezuela assets as sanctions bite: Report

A Russian oil company used to provide a workaround to U.S. oil trading sanctions on Venezuela is scrabbling to avoid another set of sanctions, documents show

Govt not considering buying crude oil in rupees from Russia: MoS

With Western sanctions hitting Russia's dollar-based trading, there is focus on Moscow's efforts to switch to other currencies

US oil exports surge after Ukraine war, drawing crude away from storage hub

U.S. oil exports have climbed following Russia's invasion of Ukraine, and barrels of domestic oil are instead being exported via the Gulf Coast, traders said

Oil slips as Kazakh supply concerns ease, EU at odds on Russia embargo

Brent crude fell $1.29, or 1.1%, to $117.74 a barrel at 1049 GMT and U.S

Ukraine war: US, EU announce new partnership to undercut Russian energy

The US and European Union announced a new partnership to reduce the continent's reliance on Russian energy, the start of a years-long initiative to further isolate Moscow after invasion of Ukraine.

Ukraine war: EU agrees on Russia sanctions so far, but energy divides

The European Union preserved a sense of rarely seen unity through four rounds of unprecedented sanctions against Russia over its invasion of Ukraine

Russian tycoons now $8.3-billion richer as stock trading resumes

Scores of Russian billionaires got sanctioned by the EU and the UK after the Kremlin started its war against Ukraine

'Sanctions on Russia may result in impairment losses for ONGC, others'

Indian companies' value of investments in Russia's oil and gas fields could be impaired as import bans and international sanctions may constraint future cash flow generating capacity: Moody's

Oil prices steady as Western leaders meet over Ukraine crisis

Benchmark Brent was up 0.3% at $121.95 a barrel by 1111 GMT, after falling by close to $2 earlier in the session

Indian Oil buys 3 mn barrels of Russian Urals for May loading: Report

Indian Oil Corp, the country's top refiner, on Wednesday bought 3 million barrels of Russian Urals and 2 million barrels of West African oil through a tender for May loading

Putin asks 'unfriendly countries' to purchase Russian oil, gas in rubles

In an effort to prop up the value of the ruble that plunged post the massive sanctions, Russia's Putin announced that the "unfriendly countries" must use rubles to buy the Russian oil and gas.

Indian Oil buys 3 million barrels of Urals for May loading: Report

Urals crude has been purchased from trader Vitol on delivered basis at a "discount", they said

Nayara Energy buys Russian Urals crude after gap of 1 year: Report

Indian private refiner Nayara Energy, part-owned by Russia's Rosneft, has purchased Russian oil after a Urals a year, buying about 1.8 million barrels of Urals from trader Trafigura