Petroleum
As the US imposes fresh sanctions on Russian oil producers Rosneft and Lukoil, Indian refiners are bracing for a reduction in crude imports from Moscow. To compensate for the reduced volumes, Indian refiners, particularly Reliance Industries, are preparing to scale up crude oil purchases from the Middle East, Latin America,
Petroleum industry
As winter slows down the pace of combat on the battlefield, Moscow and Kyiv are engaging in a fierce parallel war on each other's energy assets. This campaign, which has been ongoing for years, could potentially become a decisive factor in breaking the stalemate in the conflict. Russia
International law
China on Thursday denounced the latest US sanctions on Russia's two largest oil companies, Rosneft PJSC and Lukoil PJSC, labeling them "unilateral" and lacking any basis in international law. The move was seen as a response to the collapse of a planned summit between US President
Petroleum industry
The US has imposed new sanctions on Russia's two largest oil companies, Rosneft Oil Company and Lukoil OAO, in an effort to pressure Russian leader Vladimir Putin to agree to a ceasefire in Ukraine. This move signals a shift in President Trump's diplomatic approach, as he
Petroleum industry
As the Ukrainian conflict intensifies, the European Union and the United States have collectively imposed economic sanctions on Russia in an effort to compel President Vladimir Putin to negotiate an end to the war. The new punitive measures, announced on October 23, target Russia's oil industry, a crucial
Petroleum industry
Russian President Vladimir Putin's calculated strategy to challenge the West and re-establish Moscow's dominion over its former empire has met a significant obstacle with the US decision to impose sanctions on two major Russian oil companies, Rosneft and Lukoil. The latest development marks a dramatic break
European Union
The European Union on Thursday levied further economic sanctions on Russia, following a similar move by U.S. President Donald Trump against the Russian oil industry. The new measures aim to choke off revenue and supplies that fuel Russia's invasion of Ukraine, pushing Russian President Vladimir Putin to
Petroleum industry
US President Donald Trump and Russian President Vladimir Putin have engaged in a war of words over sanctions imposed on Russia's two largest oil companies, Rosneft and Gazprom. When asked about Putin's criticism of the sanctions, Trump replied, "I am glad he feels that way.
Commodity futures
US crude oil futures surged past $61 a barrel on Thursday following the imposition of sweeping sanctions on Russia's top oil producers, Rosneft and Lukoil, by the Trump administration. The sanctions, aimed at curtailing Russian President Vladimir Putin's ability to fund the war in Ukraine, prohibit
International trade
India's largest refiner, Reliance Industries, could face a loss of up to Rs 3500 crore in earnings before interest, taxes, depreciation, and amortization (Ebitda) after the US imposed sanctions on Russian oil exporters Rosneft and Lukoil. The sanctions, announced by the US Department of the Treasury's
Petroleum industry
Russian President Vladimir Putin has continued his land grab in Ukraine with little success, despite three years of western sanctions that were intended to stop him. The US treasury secretary, Scott Bessent, has announced the latest round of sanctions, targeting Rosneft and Lukoil, Russia's two largest oil companies.
Missiles
President Vladimir V. Putin issued a warning to the Trump administration, stating that an overwhelming response will be made if Kyiv obtains powerful missiles, amid the ongoing war in Ukraine. The warning came as the US imposed oil sanctions on Russia's two largest oil companies, Rosneft and Lukoil,
