Russia's oil major says US companies benefit from the closure of the Strait of HormuzRosneft CEO Igor Sechin stated that American energy companies are benefiting most from the closure of the Strait of Hormuz. He believes the...
Nayara rolls out relief for dealers amid retail painThe support is aimed at partially offsetting operational expenses and revenue losses faced by retailers. Explaining the mechanism, a dealer...
India-Russia energy ties widen beyond crude to gas, nuclear and petrochemicalsIndia and Russia are deepening energy ties. Discussions have focused on gas supplies and joint ventures for hydrocarbon development. Russia...
Ukraine says its drones hit another refinery deep inside Russia as long-range strikes escalateUkrainian drones attacked a Russian oil refinery overnight. This is the latest long-range strike targeting Russia's oil industry. President...
Nayara Energy starts operations at Vadinar refinery after maintenance shutdownNayara Energy has restarted its Vadinar refinery. The facility, with a capacity of 400,000 barrels per day, resumed operations last week. T...
'Russian oil supplies to India have increased': Lavrov hails surging energy ties with New Delhi amid global pressuresHe accused the US of seeking to "dominate global energy markets" and sideline Russian firms. Amid West Asia tensions, Lavrov highlighted th...
India’s Russian oil imports cool 20% in April after March spikeIndia’s imports of Russian crude fell 20% month-on-month in April to 1.57 million barrels per day, cooling after a March surge driven by fl...
Why are oil and gas prices down today, and will Brent, US WTI crude futures, Dutch and British gas rates drop further or rise again? Here's if oil prices will hit $110 soonWhy are oil and gas prices down today, and will Brent, US WTI crude futures, Dutch and British gas rates drop further or rise again? Oil an...
Ukrainian drone attack on Russia's Tuapse port kills oneA Ukrainian drone attack hit Russia's Tuapse port, causing a fire and killing at least one person. This major southern port is a key oil ex...
India may get a crude hit from Trump's curbs on Russian & Iranian oil buying freedomThe United States has ended sanctions waivers that allowed countries, including India, to buy Russian and Iranian oil without penalties, a ...
Jio-bp not to raise petrol, diesel pricesJio-BP, a fuel joint venture, will not increase petrol and diesel prices now. This decision comes despite a surge in international oil cost...
Reliance caps fuel sales at $11 per pump amid growing shortagesWest Asia War: Reliance Industries is limiting fuel purchases at its retail stations. Customers can buy only about $11 worth of gasoline or...
Former Indian Oil director joins Rosneft boardIndian Oil has an annual oil purchase deal with Rosneft, which is renewed annually. It has emerged as one of the largest buyers of Russian ...
Russia's Rosneft signs deal to boost oil supplies to IndiaDriven largely by a surge in oil imports, Russia has emerged as one of the top 5 trading partners of India. Indian companies have been owne...
BP exiting stake in Russian oil and gas company RosneftBP has held a 19.75% stake in Rosneft since 2013. That stake is currently valued at $14 billion.
ONGC Videsh caught in $1.4 billion suit by Russia's RosneftRosneft is seeking compensation for production between July 10, 2015 and May 31, 2018 through "unjust enrichment and interest gained by usi...
Rosneft to buy $2.4 billion Essar Oil stakeRosneft is offering around $2.4 billion for a 49% stake in Essar Oil, India's second largest refiner, sources directly familiar with the ma...