EU cap on Russian oil price on hold as Poland urges lower price BRUSSELS: The West’s plan to starve Russia of resources to fight its war in Ukraine by imposing a price cap on its... Published 02 Dec, 2022 06:02pm
Markets India to continue buying Russian oil: ministry source NEW DELHI: India will continue buying Russian oil because sanctions allow purchases provided that Western services... Published 02 Dec, 2022 04:51pm
Markets Oil steadies as China Covid hopes offset by OPEC+ output concerns NEW YORK: Oil steadied on Tuesday as gains on hopes for a loosening of China’s strict COVID-19 controls were later... Published 30 Nov, 2022 05:53am
Markets Coral Energy turns focus to Asia, halts trade in Russian crude NEW DELHI: Dubai-based trader Coral Energy said it is looking at expanding its business in Asia where energy demand... Published 24 Nov, 2022 01:29pm
World Saudi Arabia says OPEC+ oil cut 'purely economic' CAIRO: Saudi Arabia rejected as "not based on facts" statements criticising the kingdom after an OPEC+ decision last... Published 13 Oct, 2022 02:56pm
Markets Front-month 180-cst HSFO crack slumps to record low SINGAPORE: The front-month crack for 180-cst high sulphur fuel oil (HSFO) slumped to a record low on Monday, as more... Published 11 Oct, 2022 07:09am
World US says India hid Russian origin of fuel shipped to US NEW DELHI: The United States has expressed concern to India that it was being used to export fuel made from Russian... Updated 13 Aug, 2022 05:06pm
Markets Winter diesel shock looms as tanks dry up ahead of sanctions LONDON: Europe is heading into winter with seasonally low levels of diesel in storage tanks, with major implications... Published 12 Aug, 2022 10:53pm
BR Research Crude oil – where from here? Oil markets are predicted to be tight for next year, which means prices will stay elevated. OPEC and IEA forecast a... Published 01 Aug, 2022 08:32am
Markets Russia has no extra oil to sign deals with two Indian buyers NEW DELHI: Russia's Rosneft is holding back on signing new crude oil deals with two Indian state refiners, three... Published 08 Jun, 2022 08:12pm
Opinion Oil prices – what to do? – I Petroleum prices have been increased once again. New prices are: petrol Rs209.86 and High Speed Diesel (HSD)... Updated 08 Jun, 2022 08:11pm
Markets Russian diesel discount spreads to European barge market LONDON: A steep discount in Russian diesel prices compared with fuel produced by other countries has spread to the... Published 02 Jun, 2022 06:19am
Markets Russia sends record volumes of oil to India, China: report While Europe shuns Russian oil amid sanctions and expectations of an oil embargo on Russian oil imports, India and... Published 27 May, 2022 10:54pm
World EU targets Russian oil, banks as Moscow’s ally Belarus stages army drills KYIV/BRUSSELS: The EU proposed its toughest sanctions yet against Russia on Wednesday, including a phased oil... Published 04 May, 2022 05:09pm