Russian oil News

India's Growing Dependence on Russian Oil: A Thorn in the Side for Trump Administration

India's significant increase in Russian oil imports has drawn criticism from the Trump administration, leading to threats of tariffs and penalties. Despite this, India asserts its ...

Brent Crude Oil Surge to $80: Indian Refiners Face Price Balancing Act Amid Russian Oil Uncertainty

Brent crude oil prices may surge to $80 per barrel amid US-Russia tensions, posing challenges for Indian refiners to balance prices without Russian oil. Global supply constraints a...

India's Russian Oil Purchases Fuel Tensions with Washington, Says Marco Rubio

US Secretary of State Marco Rubio highlights India's purchase of Russian oil as a growing irritation in US-India relations, noting it supports Russia's war efforts in Ukraine despi...

Trump Imposes Heavy 25% Tariff on India, Adds Penalty for Russian Oil Purchases Starting Friday

US President Donald Trump announces a 25% tariff on Indian goods and a penalty for Russian oil purchases, starting August 1, after failed trade deal negotiations, raising concerns ...

Indian Refiners Face $14.3 Billion Export Risk Amid EU's New Sanctions on Russian Oil

The EU's new sanctions on Russian oil could jeopardize $14.3 billion of Indian petroleum exports to the EU, impacting refiners who have benefited from processing discounted Russian...

EU Sanctions Shake Russia-Backed Nayara Energy: Refinery Faces Operational Hurdles and Contract Terminations

Nayara Energy, a Russia-backed Indian refinery, faces operational and contractual challenges due to EU sanctions, including shipping contract terminations and IT service suspension...

EU Sanctions Ripple Effect: Nayara Energy Faces Backlash as Shipowners and Traders Withdraw Amid Russia Oil Crisis

EU sanctions on Russian oil have led to operational challenges for Nayara Energy in India, with shipowners and traders withdrawing. The global oil sector watches closely as financi...

US Senators Threaten India, China, and Brazil with Heavy Tariffs Over Russian Oil Purchases

US Senators Lindsey Graham and Richard Blumenthal, alongside former President Trump, warn India, China, and Brazil of severe economic sanctions for purchasing discounted Russian oi...

EU's Ban on Russian Oil Imports: A Looming Challenge for India's Fuel Exporters and Global Markets

The EU's ban on Russian crude-derived fuels poses challenges for Indian exporters, particularly Reliance Industries, due to stringent classifications and the need for proof of crud...

Nayara Energy Considers Legal Action Against EU's Unilateral Sanctions on Its Gujarat Refinery

Nayara Energy is exploring legal options against the EU's sanctions on its Gujarat refinery, emphasizing its compliance with Indian laws and its significant contribution to the cou...

EU Sanctions on Russian Oil Threaten India's $15 Billion Fuel Exports: Navigating Economic and Geopolitical Challenges

The EU's sanctions on Russian oil threaten India's $15 billion fuel exports, targeting refined petroleum products from third countries. Indian companies like Nayara Energy and RIL ...

EU Tightens Sanctions on Russian Oil: Implications for Reliance, Nayara, and India's Energy Strategy

The EU's latest sanctions on Russian oil pose challenges for Reliance and Nayara, potentially excluding them from EU markets. India opposes the sanctions, emphasizing energy securi...

US Threatens Secondary Tariffs on Russian Oil Imports, Potentially Disrupting India's Energy Strategy

The US has threatened to impose secondary tariffs on countries importing Russian oil, potentially disrupting India's energy strategy. Indian refiners may need to pivot to more expe...

Dow Plummets Over 300 Points as Trump's Global Tariff Threats Stir Market Panic

Wall Street's premarket session saw significant losses as President Trump's announcement of global tariffs sparked fears of a trade war, with the Dow dropping over 300 points. Addi...

US Sanctions Spark 4% Surge in WTI Prices: A Deep Dive into the Impact on Russian Oil

Oil futures surged as the US plans new sanctions on Russian oil tankers and insurance companies, aiming to cut into Russia's oil income. WTI and Brent prices saw significant increa...