Page 6 - Russia Oil Production
India's economic challenges amid soaring crude oil price
Russia has threatened to shut its gas pipeline to Germany and warned of crude price at $300 a barrel. Back home, the signs of economic distress are imminent. What are the challenges ahead of India?
 "India's economic challenges amid soaring crude oil price")
China mulls stakes in Russian energy, commodity companies: Report
Any deal would be to bolster China's imports as it intensifies its focus on energy and food security - not as a show of support for Russia's invasion in Ukraine - the people said
 "China mulls stakes in Russian energy, commodity companies: Report")
EU aims sanctions on 14 wealthy Russians, dozens of lawmakers
The EU is also divided over whether to impose an embargo on Russian oil
 "EU aims sanctions on 14 wealthy Russians, dozens of lawmakers")
Joe Biden bans US import of Russia oil in attempt to punish Putin
Britain, EU commit to phasing out dependency on Russian energy supply
 "Joe Biden bans US import of Russia oil in attempt to punish Putin")
Russia-linked Nayara Energy put under credit watch, says CARE Ratings
Nayara operates the 400,000 barrel-per-day (bpd) Vadinar refinery in India's western Gujarat state and has a fleet of about 6,500 retail fuel stations in the country.
 "Russia-linked Nayara Energy put under credit watch, says CARE Ratings")
Top Headlines: ex-NSE CEO Chitra arrested; SII bets on non-Covid vaccines
Business Standard brings you the top headlines at this hour.
 "Top Headlines: ex-NSE CEO Chitra arrested; SII bets on non-Covid vaccines")
Ukraine war: US, allies discuss Russia oil import sanctions, says Blinken
US Secretary of State Antony Blinken says the US and its allies are having a very active discussion about banning the import of Russian oil and natural gas in the latest escalation of their sanctions
 "Ukraine war: US, allies discuss Russia oil import sanctions, says Blinken")
Shooting a bunch of missiles at the architecture of globalisation
The West's attempt to bring Vladimir Putin to heel by weaponising everything from aircraft spares to finance will have much wider repercussions, writes T N Ninan
Oil rebounds as escalating Ukraine conflict raises supply concerns
Global stocks fell and oil prices rose on signs of an escalation in the Russia-Ukraine conflict after reports of a fire at a Ukrainian nuclear power plant after an attack by Russian troops
 "Oil rebounds as escalating Ukraine conflict raises supply concerns")
Oil hits almost decade high of $119 before Iran throttles the rally
Analyst says Iran deal can't replace Russia disruptions; OPEC and its allies have snubbed calls to accelerate output rises
Russia's Sakhalin 1 partners to decide on ops in next few weeks: ONGC
ONGC Videsh said it and its partners will decide on how to keep operating the Sakhalin 1 project over next few weeks, after Exxon Mobil's decision to exit Russia's oil and gas sector
 "Russia's Sakhalin 1 partners to decide on ops in next few weeks: ONGC")
Ukraine war raises spectre of Russia's first external debt default
Russia has never defaulted on sovereign hard currency debt, but reserve freeze, severed financial ties, politics pose risk ; Moscow has stopped payments on local sovereign bonds already
 "Ukraine war raises spectre of Russia's first external debt default")
Oil soars to $113 as Russian supply disruptions increase amid sanctions
Brent crude futures rose by more than $8, touching a peak of $113.02 a barrel, the highest since June 2014, before easing to $111.53, up by $6.56 or 6.3% by 0950 GMT
How will Russia be hit if wealthy nations stopped buying its oil?
Russia produces close to 11 million barrels per day of crude oil. It uses roughly half of this output for its own internal demand
Oil markets hit multiple milestones after sanctions on Russia
Brent crude topped $112 a barrel on Wednesday, the highest since 2014, shrugging off news that several developed countries plan to release a record 60 mn barrels of petroleum reserves to cool prices
 "Oil markets hit multiple milestones after sanctions on Russia")
BPCL seeks extra Gulf oil, fearing Russian supply hit: Report
BPCL, India's second-biggest state refiner, on an average buys two million barrels of Russian Urals every month on a delivered basis
 "BPCL seeks extra Gulf oil, fearing Russian supply hit: Report")
IEA weighing potential oil stocks release after Russia invasion
Crude oil was trading around $104 a barrel on Tuesday as some buyers shunned Russian barrels after Western allies imposed sanctions on Moscow
Brent crude breaches $100 per barrel mark again amid Russia-Ukraine crisis
For India, the price range is a cause of concern as it may add Rs 8 to Rs 10 in petrol and diesel selling prices, if the OMCs decide to revise the current prices
 "Brent crude breaches $100 per barrel mark again amid Russia-Ukraine crisis")
Oil prices jump as Russia-Ukraine conflict stokes supply concerns
Russia, which calls its actions in Ukraine a "special operation", exports some 4 million to 5 million barrels per day of crude oil, and 2 million to 3 million barrels per day of refined products
 "Oil prices jump as Russia-Ukraine conflict stokes supply concerns")
IOC no longer accepts Russian, Kazakh crude on FOB basis: Report
Indian Oil Corp will no longer accept cargoes of Russian crude oil and Kazakh CPC Blend cargoes on a free-on-board basis due to insurance risk
 "IOC no longer accepts Russian, Kazakh crude on FOB basis: Report")
