Russia Oil Production

Reliance price climbs on tight supply, prospect of EU ban on Russian supply

LONDON (Reuters) -Oil prices rose on Thursday, extending a cautious rally this week on signs of tight supply while the European Union (EU) wrangles with Hungary over plans to ban imports from Russia, the world's second-largest crude exporter, after it invaded Ukraine.

Govt exploring Rupee-Rouble payment for fuel import amid sanction: Report

The government is exploring a payment mechanism for the import of oil from Russia in view of the sanctions imposed by the US and European countries following Moscow's attack on Ukraine.

India to keep buying 'cheap' Russian oil, discount to be finalised: Report

The official also said India was increasing its dependence on coal due to surging power demand, adding that state-run Coal India will produce more coal in the coming months.

US Treasury official heads to India to discuss Russian oil purchases

Elizabeth Rosenberg, the assistant secretary for Terrorist Financing and Financial Crimes, will visit New Delhi and Mumbai through Thursday, a Treasury spokesperson said

Russia's Gazprom stops gas exports to Finland over payments dispute

Gazprom Export has demanded that European countries pay for Russian gas supplies in roubles because of sanctions imposed over Moscow's invasion of Ukraine, but Finland refuses to do so

Russia's Gazprom informs Finland it will halt flows of natural gas

Russia to halt gas flows to Finland on Saturday following the latter's intent and application to NATO membership which has ignited political rivalry between both countries

China's April Saudi oil imports soar 38% on year, Russian oil up 4%

Saudi shipments amounted to 8.93 million tonnes last month, equivalent to 2.17 million barrels per day (bpd), according to data from the Chinese General Administration of Customs

Russia to send oil rejected by Europe to Asia, other regions: Dy PM Novak

The European Commission on Wednesday unveiled a 210 billion euro ($220 billion) plan for Europe to end its reliance on Russian fossil fuels by 2027

European Union rushes out $300 billion roadmap to ditch Russian energy

The EU's executive arm moved Wednesday to jump-start plans for the 27-nation bloc to abandon Russian energy amid the Kremlin's war in Ukraine, proposing a nearly 300 billion-euro ($315 billion)

Europe's push to cut Russian gas imports faces a race against winter

While Europeans bask in the warmth of spring, governments are in a race against winter.

Ukraine conflict: Germany pushes towards energy independence from Russia

The German government's new plan seeks to encourage all segments of society to use energy more efficiently in order to reduce the country's dependence on Russian fossil fuels by next winter.

Oil hits seven-week high amid EU push for ban on Russian crude imports

LONDON (Reuters) - Oil hit its highest in seven weeks on Tuesday, supported by the European Union's ongoing push for a ban on Russian oil imports that would tighten supply and as investors focused on higher demand from an easing of China's COVID lockdowns.

Russia jumps to 4th position as India's oil supplier amid Ukraine war: Data

Russia's share in India's oil purchases rose to a record 6%, about 277,000 barrels per day (bpd) in April, up from about 66,000 bpd in March, when it was in 10th position

Russian pipeline sanctions raise fear of interruption in gas supplies

Natural gas prices rose Friday after Russian state-owned exporter Gazprom said it would no longer send supplies to Europe, citing new sanctions that Moscow imposed on European energy companies.

Halting Russian gas imports would cause supply problems for Italy: Minister

Italy will face short-term energy supply problems if Russia opts to cut gas sales to the country, Italian Ecological Transition Minister Roberto Cingolani has said.

Russia's Rosneft ramps up oil sales to Indian Oil in May: Traders

Russia's Rosneft sold 700,000 tonnes of Urals oil loading from Baltic ports of Primorsk and Ust-Luga in May to Indian Oil Corp (IOC), the country's top refiner

European farmers plan to use biogas to substitute Russian fossil fuels

The European Biogas Association says the European Union could quickly scale up the production of bio-methane, which is pumped into natural gas networks

Controversy over India's decision to buy Russian crude is overblown

Because the economics and logistics don't work out for Indian refiners to accept larger volumes

Oil edges up 0.3% on EU's sanctions on Russia, proposed crude ban

The sanctions proposal, which was announced by European Commission President Ursula von der Leyen and needs unanimous backing by the 27 EU countries to take effect

Our dependency on Russian energy significantly reduced: German President

Germany's dependency on Russian oil is currently 15 percent, said President Frank Walter Steinmeier on Wednesday