India's approach to oil import guided by its energy security requirements: MEA

Mar 16, 2023

On September 2, G7 Finance Ministers initiated a price cap on Russian-origin crude oil and petroleum products to be implemented by each coalition member...

Shell and Harbour energy enter arbitration over pricing for UK crudes amidst EU urals ban

Jan 12, 2024

According to S&P Global Commodity Insights This conflict arises as a consequence of EU sanctions against Russia, which triggered changes in Urals crude oil...

Russia refuses to accept EU's oil price cap

Dec 04, 2022

According to TASS Russian News Agency, Kremlin Spokesman Dmitry Peskov said, "We are assessing the situation. Certain preparations for such a cap were made....

"Russia will not sell oil at lower price cap," says Putin

Oct 12, 2022

Moscow [Russia], October 12 : Russian President Vladimir Putin on Wednesday announced that Moscow would not sell oil at a lower price cap after...

EU agrees to cap price of Russian seaborne oil at USD60

Dec 03, 2022

Taking to Twitter, the president of the European Commission, Ursula von der Leyen said, "The EU agreement on an oil price cap, coordinated with...

Russia may cut oil production over West's price cap: Putin

Dec 09, 2022

"As for our reaction, I've already said that we simply will not sell to those countries that make such decisions. We will think, maybe...