Sanctions over the Ukraine war have led to the emergence of at least 40 middlemen, including "little-known companies" and those reportedly ...

Exclusive-Major traders, banks cut business ties with Russia-backed Indian refiner -sources

Nayara per se has not been sanctioned as part of the international response to what Russia calls its "special military action" against Ukra...

“With a view to avoid any potential negative consequences for food and energy security around the world, the EU decided to extend the exemp...

India and China, which have refused to condemn Russia's actions, continue to buy Russian crude. Lured by steep discounts following Western ...

The EU bloc's 27 members have been unable to agree on an embargo, with Germany warning against hasty steps that could push the economy into...

"Banks are not willing to open LC’s for the moment so it is a bit of a standoff," one of the sources said. He asked not to be named due to ...

Consensus is that the industry benefited from a lucky mix of factors in the oil market.

Reliance Industries has informed the US that it has stopped selling refined petroleum products to Iran, the US State Department said.

Under mounting global pressure, especially from the US, several companies, including India's Reliance and Russia's LUKOIL, have stopped sel...