Page 3 - Russia Oil Production
How India stands to gain amid calls for EU to ban Russian oil imports
If Europe adopts official sanctions on Russian crude and fuel, prices will likely surge, and India could profit even more from refining Russian oil to fuels it then sells to Europe for more money.
 "How India stands to gain amid calls for EU to ban Russian oil imports")
Global traders to reduce Russian oil purchases from May 15: Report
LONDON (Reuters) -Major global trading houses are planning to reduce crude and fuel purchases from Russia's state-controlled oil companies as early as May 15, sources said, to avoid falling foul of European Union sanctions on Russia.
 "Global traders to reduce Russian oil purchases from May 15: Report")
Oil falls 4% to below $100 per barrel on worsening China demand outlook
Brent crude for June delivery was down $3.93, or 3.8 per cent, at $98.85 a barrel by 1130 GMT
 "Oil falls 4% to below $100 per barrel on worsening China demand outlook")
Oil prices dip 3rd day in row as EU pauses on Russian energy sanctions plan
Oil prices fell for a third straight day on Thursday after the European Union paused on an immediate ban of Russian coal and other energy imports
 "Oil prices dip 3rd day in row as EU pauses on Russian energy sanctions plan")
Oil prices climb as Europe targets new sanctions on Russian oil imports
Ole Hansen, head of commodity strategy at Saxo Bank, expects oil prices to trade between $90 and $120 a barrel during the second quarter
 "Oil prices climb as Europe targets new sanctions on Russian oil imports")
Russia-Ukraine fallout starts felling fragile 'frontier' economies
A handful were already on the brink of debt crises in the wake of the COVID pandemic, the war's resulting surge in energy and food prices, however, have undoubtedly made things worse.
Europe pursues payment response as Russian gas supply threat eases
European governments and companies worked on a common approach on Friday to Russia's demand that they pay for its gas in roubles as the threat of an imminent supply halt eased.
 "Europe pursues payment response as Russian gas supply threat eases")
Sitharaman, Jaishankar defend India buying Russian oil
Jaishankar said said that Europe has bought 15 per cent more oil and gas from Russia than it did the month before
 "Sitharaman, Jaishankar defend India buying Russian oil")
India will continue to buy oil from Russia: FM Nirmala Sitharaman
Russia is offering more oil to India at a discount of as much as $35 a barrel on prices before the Ukraine war
European gas buyers navigate Russian rouble order as supply threat eases
But Russia does not have an alternative market to deliver its natural gas to, so stopping flows would also hit its income
 "European gas buyers navigate Russian rouble order as supply threat eases")
Lavrov arrives on 2-day visit: Russia oil at $35 less than pre-war rate
India also gets offer of rupee-ruble-denominated payments
 "Lavrov arrives on 2-day visit: Russia oil at $35 less than pre-war rate")
OPEC likely to stick to modest oil boost despite war jitters
Analysts expect the group, known as OPEC+, to stay on its schedule of gradual increases to restore production cuts made during the depths of the coronavirus pandemic in 2020
 "OPEC likely to stick to modest oil boost despite war jitters")
Putin proposes procedure to continue gas payments in euros: Germany
Russian President Vladimir Putin has told German Chancellor Olaf Scholz that European partners can continue paying for Russian gas in euros, a government statement said
 "Putin proposes procedure to continue gas payments in euros: Germany")
Russia offers oil to India at steep discount to pre-war price of $35/barrel
Russia is offering India steep discounts on the direct sale of oil as mounting international pressure lowers the appetite for its barrels elsewhere, Bloomberg reports
US official warns India, others against increasing Russian oil imports
A significant increase in Russian oil imports by India could expose New Delhi to a "great risk" as the US prepares to step up enforcement of sanctions against Moscow, a senior official said
Russian oil firm shuffles Venezuela assets as sanctions bite: Report
A Russian oil company used to provide a workaround to U.S. oil trading sanctions on Venezuela is scrabbling to avoid another set of sanctions, documents show
Govt not considering buying crude oil in rupees from Russia: MoS
With Western sanctions hitting Russia's dollar-based trading, there is focus on Moscow's efforts to switch to other currencies
Germany: G7 rejects Russia's demand to pay for gas in rubles
In our situation, it's hardly possible and feasible to engage in charity for Europe, Peskov said
 "Germany: G7 rejects Russia's demand to pay for gas in rubles")
US oil exports surge after Ukraine war, drawing crude away from storage hub
U.S. oil exports have climbed following Russia's invasion of Ukraine, and barrels of domestic oil are instead being exported via the Gulf Coast, traders said
 "US oil exports surge after Ukraine war, drawing crude away from storage hub")
Oil slips as Kazakh supply concerns ease, EU at odds on Russia embargo
Brent crude fell $1.29, or 1.1%, to $117.74 a barrel at 1049 GMT and U.S
