Page 8 - Russia Oil Production

Oil prices rise after EU agrees to ban most Russian crude imports

Oil prices rose after EU agreed to slash oil imports from Russia by the end of 2022, fuelling worries of a tighter market already strained for supply amid rising demand

EU leaders agree on partial embargo on Russian oil amid Ukraine war

European Union leaders reached a compromise to impose a partial oil embargo on Russia at a summit focused on helping Ukraine

EU leaders meet as Hungary sticks to its guns on Russian oil ban

European Union (EU) leaders gathered in Brussels for a special meeting that is likely to be overshadowed by disagreement on phasing out imports of Russian oil, which Hungary is blocking

Ukraine war-led spike in prices buoy Q4 performance of ONGC, Oil India

Reversal in price trends, policy measures such as windfall tax by the government and fall in refining margins are among key downside risks

EU wrestles with Russia oil embargo as leaders gather for Ukraine aid

EU leaders will gather in a new show of solidarity with Ukraine but divisions over whether to target Russian oil in a new series of sanctions are exposing the limits of how far the bloc can go

Oil prices climb above $120/barrel ahead of EU meeting on Russia sanctions

The Brent crude futures contract for July, which will expire on Tuesday, was up 59 cents, or 0.5%, at $120.02 a barrel at 1100 GMT.

Pakistan open to buying oil, wheat from Russia amid rise in fuel prices

Pakistan Foreign Office spokesperson Asim Iftikhar said the country has an "open policy" driven by a national interest to expand economic and trade relations

Putin says he is ready to deliver gas, discuss prisoner swap: Austria

Austrian Chancellor has informed recently that Russian President Vladimir Putin has agreed to provide full natural gas supplies to the nation

More Russian oil than ever before heading for China, India amid sanctions

Asia overtook Europe as the largest buyer for the first time last month, and that gap is set to widen in May

High gas prices, energy security fears impede decarbonisation push

Europe is importing record volumes of liquefied natural gas (LNG) as gas from its top supplier Russia has been disrupted following the Ukraine crisis

Oil prices jump 3% to 2-month high as EU seeks to ban Russian supply

NEW YORK (Reuters) -Oil prices rose about 3% to a two-month high on Thursday on signs of tight supply ahead of U.S. summer driving season, as the European Union (EU) wrangled with Hungary over plans to ban crude imports from Russia over its invasion of Ukraine.

Oil price climbs on tight supply, prospect of EU ban on Russian supply

LONDON (Reuters) -Oil prices rose on Thursday, extending a cautious rally this week on signs of tight supply while the European Union (EU) wrangles with Hungary over plans to ban imports from Russia, the world's second-largest crude exporter, after it invaded Ukraine.

Global LNG markets brace for uncertainty over Russian gas supplies

Western sanctions on Russia due to the Ukraine invasion have sparked fears of disruption of Russian gas supply to Europe, sending global gas prices to all-time highs

Govt exploring Rupee-Rouble payment for fuel import amid sanction: Report

The government is exploring a payment mechanism for the import of oil from Russia in view of the sanctions imposed by the US and European countries following Moscow's attack on Ukraine.

India to keep buying 'cheap' Russian oil, discount to be finalised: Report

The official also said India was increasing its dependence on coal due to surging power demand, adding that state-run Coal India will produce more coal in the coming months.

US Treasury official heads to India to discuss Russian oil purchases

Elizabeth Rosenberg, the assistant secretary for Terrorist Financing and Financial Crimes, will visit New Delhi and Mumbai through Thursday, a Treasury spokesperson said

Russia's Gazprom stops gas exports to Finland over payments dispute

Gazprom Export has demanded that European countries pay for Russian gas supplies in roubles because of sanctions imposed over Moscow's invasion of Ukraine, but Finland refuses to do so

Russia's Gazprom informs Finland it will halt flows of natural gas

Russia to halt gas flows to Finland on Saturday following the latter's intent and application to NATO membership which has ignited political rivalry between both countries

China's April Saudi oil imports soar 38% on year, Russian oil up 4%

Saudi shipments amounted to 8.93 million tonnes last month, equivalent to 2.17 million barrels per day (bpd), according to data from the Chinese General Administration of Customs

Russia to send oil rejected by Europe to Asia, other regions: Dy PM Novak

The European Commission on Wednesday unveiled a 210 billion euro ($220 billion) plan for Europe to end its reliance on Russian fossil fuels by 2027