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ROSNEFT EARNINGS
Why Russian oil stocks are rising today? Rosneft, Lukoil, Gazprom Neft surge as Brent crude jumps — Is higher crude price and supply fears now inevitable?Brent crude jumped over 4% and moved above $95 per barrel today. That sharp spike is driving Russian oil stocks higher. Rosneft, Lukoil, an...
India picks up non-sanctioned Russian oil as discounts widenIndian state-run refiners IOC and BPCL have resumed limited purchases of discounted Russian crude for January delivery, securing cargoes at...
Indian Oil Corp will not completely avoid Russian crude purchases, exec saysIndian Oil Corp will continue purchasing Russian crude oil as long as it complies with international sanctions, Director of Finance Anuj Ja...
Russian oil import: IndianOil says will abide by all applicable sanctionsIndian oil companies will adhere to international sanctions. This move is expected to reduce imports of Russian oil. Companies are diversif...
ONGC Videsh seeks legal advice as US sanctions hit Russian oilfield with Indian stake: ReportONGC Videsh Ltd is seeking legal counsel after the US imposed sanctions on a Russian oilfield where Indian companies collectively hold a 49...
Reliance, Nayara earnings may take a hit on new US sanctionsThe newly imposed US sanctions on major Russian oil companies could lead to a significant dip in Reliance Industries' profits, estimated at...
Oil glut, strong ruble and sanctions wipe billions off Russia’s oil giantsRussian oil companies, including Rosneft, experienced a significant profit decline in the first half of the year. This downturn was attribu...
Russia's Rosneft Oil Company in early talks with Reliance to sell stake in India unitRosneft is in preliminary discussions with Reliance Industries for the sale of its 49.13% stake in Nayara Energy, which includes a major oi...
Rosneft eyes exit from Nayara Energy amid sanctions, talks with Indian conglomerates underwayRosneft, Russia's largest oil company, is considering selling its 49.13% stake in Nayara Energy due to difficulties in repatriating earning...
BPCL still in talks for Russian oil deal, discounts narrowBharat Petroleum Corp is continuing discussions with Russia’s Rosneft to buy oil under a term deal. The refiner’s head of finance said disc...
ED arrests man for duping people on pretext of making investments in RosneftA special Prevention of Money Laundering Act (PMLA) court in Hyderabad authorised the ED to arrest the man, the agency said in a statement ...
Oil and gas stocks rally on mega PSU merger buzzET had reported on Monday that the oil ministry has begun evaluating the prospects of creating an oil conglomerate by merging 13 state oil ...
Essar Oil gets stock exchanges' go ahead for delistingEssar Oil has received approvals from National Stock Exchange (NSE) and BSE to delist its shares, company Managing Director & CEO L K Gupta...
Essar Oil to sell 49 per cent stake to Russia's Rosneft for $3.2 billionRosneft will buy 49 % stake in Essar Oil for about $3.2 billion after excluding the Mumbai-based firm's flourishing coal-bed methane busine...
Russia's Rosneft signs preliminary deal to buy up to 49% stake into Essar's Vadinar refineryRosneft and Essar also signed a final agreement for supply of 100 million tonnes of crude oil over a period of 10 years for the Vadinar ref...
Essar Oil rallies 10% on $8 billion worth stake deal with RoseneftEssar Oil will this week sign a final term sheet with Russia’s OAO Rosneft to import 10 million tonnes of crude oil a year for 10 years.
Essar offers Russia's Rosneft 50% stake minus 1 share in oil arm, eyes co's valuation to hit Rs 48k crMultiple sources aware of the ongoing discussions say Essar is expecting the company’s equity to be valued at Rs 42,000-48,000 crore ($7-8 ...
- World's wealthiest drop $18 bn as earnings disappoint
The 100 richest people on the planet dropped $17.7 bn from their collective net worth this week after disappointing corporate earnings in t...
- Attractive valuations spark search for BRIC bargains
The biggest drop in emerging-market stocks since October 2008 is giving money managers the chance to find bargains in world-class companies...
- Russian oil companies get a big boost
Investors should hold on to shares of major Russian oil companies because they’re undervalued and may benefit from earnings upgrades throug...