Indian oil companies will adhere to international sanctions. This move is expected to reduce imports of Russian oil. Companies are diversif...

ONGC Videsh Ltd is seeking legal counsel after the US imposed sanctions on a Russian oilfield where Indian companies collectively hold a 49...

The newly imposed US sanctions on major Russian oil companies could lead to a significant dip in Reliance Industries' profits, estimated at...

Russian oil companies, including Rosneft, experienced a significant profit decline in the first half of the year. This downturn was attribu...

Rosneft is in preliminary discussions with Reliance Industries for the sale of its 49.13% stake in Nayara Energy, which includes a major oi...

Rosneft, Russia's largest oil company, is considering selling its 49.13% stake in Nayara Energy due to difficulties in repatriating earning...

Bharat Petroleum Corp is continuing discussions with Russia’s Rosneft to buy oil under a term deal. The refiner’s head of finance said disc...

A special Prevention of Money Laundering Act (PMLA) court in Hyderabad authorised the ED to arrest the man, the agency said in a statement ...

ET 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 has received approvals from National Stock Exchange (NSE) and BSE to delist its shares, company Managing Director & CEO L K Gupta...

Rosneft will buy 49 % stake in Essar Oil for about $3.2 billion after excluding the Mumbai-based firm's flourishing coal-bed methane busine...

Rosneft 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 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.

Multiple 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 ...

The 100 richest people on the planet dropped $17.7 bn from their collective net worth this week after disappointing corporate earnings in t...

The biggest drop in emerging-market stocks since October 2008 is giving money managers the chance to find bargains in world-class companies...

Investors should hold on to shares of major Russian oil companies because they’re undervalued and may benefit from earnings upgrades throug...