G7 to phase out Russian oil, US sanctions Gazprombank execs WILMINGTON: Group of Seven (G7) nations committed on Sunday to ban or phase out imports of Russian oil and the... Updated 09 May, 2022 09:48am
Markets Oil rises 2pc, set for another weekly rise on supply concerns HOUSTON: Oil prices climbed more than 2% on Friday and were set to rise for a second consecutive week, shrugging off... Published 07 May, 2022 07:09am
Markets Oil rises 2%, set for another weekly rise on supply concerns HOUSTON: Oil prices climbed more than 2% on Friday and were set to rise for a second consecutive week, shrugging off... Updated 06 May, 2022 09:07pm
Markets Oil jumps 4% as EU proposes ban on Russian oil LONDON: Oil prices jumped on Wednesday as the European Union, the world’s largest trading bloc, spelled out plans to... Updated 04 May, 2022 08:07pm
Business & Finance Asian currencies firm ahead of Fed decision; firmer oil saps appetite Most Asian currencies rose in thin trading on Wednesday, amid caution ahead of the outcome of a U.S. central bank... Published 04 May, 2022 01:43pm
World Russian offensive devastates towns in eastern Ukraine, EU prepares oil sanctions KYIV/LVIV: Russian forces shelled Kharkiv, Ukraine’s second largest city, and devastated several towns in eastern... Published 03 May, 2022 12:14pm
Markets EU set to ban Russian oil, ministers hold crisis talks on gas BRUSSELS: The European Union was preparing a ban on Russian oil, with possible exemptions for wary countries, as EU... Published 03 May, 2022 03:47am
Markets In shift, Germany says it could back immediate EU ban on Russian oil KYIV: Germany said on Monday it was prepared to back an immediate European Union embargo on Russian oil, a major... Published 03 May, 2022 03:47am
World Germany drops opposition to Russian oil ban, ministers say BERLIN: Two senior ministers in Chancellor Olaf Scholz’s government on Monday said Germany would be ready to back an... Published 02 May, 2022 09:32pm
Markets Oil prices rally on report that Germany drops opposition to Russian oil embargo NEW YORK: Oil prices rallied on Thursday after reports that Germany is no longer opposed to an embargo on Russian... Published 29 Apr, 2022 05:43am
World Green activists block tanker from delivering Russian oil to Norway OSLO: Greenpeace and Extinction Rebellion campaigners blocked a tanker from delivering Russian oil to Norway on... Published 26 Apr, 2022 05:20am
Markets India’s Reliance buys at least 15m barrels of Russian oil NEW DELHI: Reliance Industries Ltd , operator of the world’s biggest oil refining complex, has ordered at least 15... Published 23 Apr, 2022 04:45am
Markets Britain allows payments to Gazprombank for EU gas imports until May 31 LONDON: Britain will allow payments to Gazprombank and its subsidiaries for gas going to European Union countries... Published 23 Apr, 2022 04:45am
World UK’s Johnson to offer India alternatives to Russia ties on visit LONDON: British Prime Minister Boris Johnson will offer to help India cut reliance on Russian oil and defence... Published 20 Apr, 2022 10:55pm
Opinion EU embargo on Russian oil, gas will take ‘months’ The EU is working on broadening sanctions on Russia to include oil and gas embargoes but such measures would take... Published 16 Apr, 2022 04:10am
Business & Finance Rouble rallies after sudden rate cut MOSCOW: The Russian rouble rallied to its strongest level since June 2020 against the euro on Friday after an... Published 09 Apr, 2022 04:39am
Markets Novak says Russian oil output set to falling by 4-5% m/m in April Russian Deputy Prime Minister Alexander Novak said on Thursday that Russian oil production may decline by 4% to 5%... Published 07 Apr, 2022 09:28pm
Business & Finance Yellen says Russia should be expelled from G20, U.S. may boycott some meetings U.S. Treasury Secretary Janet Yellen said on Wednesday that Russia should be expelled from the Group of 20 major... Published 07 Apr, 2022 11:10am
Markets India BPCL buys 2m barrels of Russian Urals for May loading NEW DELHI: India’s Bharat Petroleum Corp Ltd has bought 2 million barrels of Russian Urals for May loading from... Published 07 Apr, 2022 05:15am
Markets India BPCL buys 2 million barrels of Russian Urals for May loading Refiners in India have been snapping up Russian oil through spot deals since Ukraine invasion, taking advantage of deep discounts as other buyers back away Published 06 Apr, 2022 05:14pm
Markets India to continue oil purchases from Russia NEW DELHI: India’s finance minister on Friday said New Delhi would continue to purchase crude from Russia as its... Published 01 Apr, 2022 05:46pm
Markets Commodities trading houses help keep Russian oil flowing LAUSANNE: Commodities traders such as Trafigura and Vitol have helped keep Russia’s oil flowing through its Baltic... Published 31 Mar, 2022 06:31am
Markets India says no plans for now to buy Russian oil in rupees NEW DELHI: India is not considering buying oil from Russia or any other country using Indian rupees, the junior oil... Published 30 Mar, 2022 07:01am
Markets VLSFO cash premiums slip, HSFO cash premiums gain SINGAPORE: Asia’s cash premiums for 0.5% very low-sulphur fuel oil (VLSFO) dipped on Tuesday, weighed down by ... Published 23 Mar, 2022 04:58am
Markets Oil dips as dollar rises, EU looks less likely to ban Russian oil NEW YORK: Oil stumbled on Tuesday as the dollar strengthened and it looked unlikely that the European Union would... Published 23 Mar, 2022 04:58am
Markets European shares muted in choppy trade LONDON: European shares were subdued at the close on Monday after choppy trading, as the surge in energy stocks was... Published 22 Mar, 2022 05:21am
Markets India defends purchases of Russian oil NEW DELHI: Indian government officials on Friday defended the continued buying of Russian oil, saying European... Published 19 Mar, 2022 04:42am
Markets Oil surges 7pc amid warnings of Russian supply shortages HOUSTON: Oil prices climbed about 7% on Thursday, continuing a series of wild daily swings, as the market rebounded... Published 18 Mar, 2022 05:20am
Business & Finance Canadian dollar notches 2-week high TORONTO: The Canadian dollar was little changed against its US counterpart on Thursday, with the currency holding... Published 18 Mar, 2022 05:20am
Markets India in talks to buy discounted Russian oil NEW DELHI: India is exploring options for buying Russian crude oil, authorities said Tuesday, with prices there... Published 15 Mar, 2022 06:46pm