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RUSSIA OIL CURTAILMENTS
Cheaper crude and Strait of Hormuz reopening boost outlook for Indian refinersBenchmark Brent fell to around $72 a barrel Thursday, down from an average of $99 in first week of June and $109 during the three months ti...- 'Where is Modi?': Sanjay Raut questions PM's foreign tourSanjay Raut of Shiv Sena (UBT) has strongly criticized the BJP. He questioned Prime Minister Narendra Modi's foreign visits while the count...
- Can China's Xi rescue Trump from a bruising West Asia war?Donald Trump seeks a significant win from his upcoming China trip to bolster his reputation and aid midterm election prospects. The meeting...
- 19-kg commercial LPG cylinder price hiked by Rs 993; Delhi rate now at Rs 3,071.50The Iran war has led to a blockade of the Strait of Hormuz, the main transit route for Gulf energy supplies. While India has partly offset ...
- Government reviews households with dual LPG, PNG connectionsThe government is identifying households with both LPG and PNG connections. This move aims to stop dual ownership and prevent subsidy misus...
- Iran war may crush oil demand today, but send it soaring long termThe Iran war has caused a significant drop in global oil demand, with consumption plummeting due to supply disruptions and record-high fuel...
- Nayara hikes fuel price on higher costsNayara Energy has increased petrol and diesel prices. This move follows a surge in international crude oil costs due to the Middle East con...
- India's vegetable oil buyers step back, betting Iran war-driven rally will easeIndian vegetable oil refiners are reducing palm oil, soyoil, and sunflower oil purchases, anticipating an end to the Iran war-driven price ...
- India scrambles for crude as Gulf war hits suppliesThe severe supply challenges reportedly forced state-run refiner Mangalore Refinery and Petrochemicals Ltd (MRPL) to shut a crude processin...
- Russian oil exports crippled by drone attacks and severe weather, limiting gains from soaring pricesRussia faces challenges in exporting oil despite a global price surge. Ukrainian drone attacks and severe winter storms have disrupted oper...
- Ukraine attacks major Russian refinery with big drone assaultUkraine launched a significant drone attack on Russia, targeting the Kirishi oil refinery and prompting a fire. Russia claims to have downe...
- India taxed, China spared: Marco Rubio defends US' double standards on Russian oilU.S. Secretary of State Marco Rubio warned that global energy prices could rise if the U.S. imposes secondary sanctions on China for refini...
- India gives approval to Russia's Sberbank, other insurers for marine cover at its portsIndia approves three Russian insurers, including a Sberbank unit. They will provide marine cover for ships at Indian ports. This move helps...
- India surpasses China to become Russia's top oil buyer in JulyIn July, India surpassed China as the largest importer of Russian oil, with imports reaching a record 2.07 million barrels per day (bpd), o...
- Morgan Stanley expects Brent to climb to $90/bbl by summer 2024Morgan Stanley raised its Brent oil price forecasts by $10 per barrel to $90 for the third-quarter of 2024, citing tighter supply and deman...
- Reduced refining capacity, sanctions force Russia to cut oil outputRussia plans additional oil supply cuts with production reductions and decreased exports amid curtailed refining capacity and stricter sanc...
- Russia curtails oil shipments to central EuropeRussian state pipeline operator Transneft said it halted shipments through the southern branch of the Druzhba oil pipeline, which flows thr...
- OPEC+ boosts oil output by slower pace than previous monthsOPEC, led by Saudi Arabia, and its allies, led by Russia, curtailed production during the pandemic as oil prices and demand plummeted, and ...
- Exxon declares force majeure on Russian Sakhalin-1 operationsExxon Mobil Corp said on Wednesday its Russian unit Exxon Neftegas Ltd has declared force majeure for its Sakhalin-1 operations due to sanc...
- Oil surges as Trump talks up hopes for truce in Saudi-Russia price warBrent crude futures rose more than 11% in early trade.
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