Russian Urals oil faces its largest discount in three years from Baltic ports. Western sanctions are the cause. This impacts Russia's budge...

Russian oil exports face steep discounts, nearing record levels. This pressure on exporters' profits is driven by weak global oil prices an...

Russia is selling oil to India at a price of nearly $80 per barrel, which is $20 above the Western price cap. This is due to tight global o...

Russia's high dependence on India as its main oil buyer is a rising concern for its oil companies this month, as an expected rise in loadin...

India’s consumption of Russian crude has soared since last year, with the country becoming a leading supplier, ousting Saudi Arabia and Ira...

That means the Kremlin is enjoying stronger revenues despite the West's attempts to curb funds for Russia's military operations in Ukraine....

Attractive prices for Urals mean good margins for Indian refiners while term contracts between Russian and Indian companies and lower freig...

Russia supplied a record 1.64 million barrels per day (mbd) of crude to Indian refiners in March, higher than 1.58 mbd in February, Vortexa...

Russia's top oil producer, Rosneft, and India's leading refiner, Indian Oil Corp (IOC), have abandoned the Brent benchmark in favour of usi...

In March, India's purchases of Urals oil accounted for more than 65% of total seaborne exports of Urals, Refinitiv data showed. Traders sai...

The law, passed by parliament last week, changes the oil price assumptions that Moscow uses to calculate its multi-billion rouble tax levy ...

Russia currently uses Urals price assessments in Europe's Rotterdam and Augusta ports, provided by commodity price reporting agency Argus, ...

Volumes and India's share of the exports are expected to rise month on month despite a shorter loading plan for Russia's Western ports, tra...

Also on Dec. 5, the Group of Seven leading economies implemented a $60 price cap on Russian seaborne oil to try to limit Moscow's ability t...

The official cited outside estimates showing that over the last two months, the Urals discount to benchmark Brent crude has recently been c...

Talks have so far focused on levels from $62 to $70 a barrel. Those who want the oil to keep flowing want a high cap, while those prepared ...

Russian energy giant Gazprom said Friday that exports to Europe and Turkey fell by 26.4 percent in volume between November 1 and April 15 c...