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Russia oil sanctions: EU moves on crude, oil price cap may hit Reliance, Nayara; enforcing may be difficult, India may still benefit – Times of India

alishpagda08@gmail.com22 hours ago08 mins

Russia oil sanctions: Both Nayara and RIL now confront possible exclusion from EU markets, according to industry experts and analysts. (AI image) Russia oil sanctions impact: Both Nayara Energy and Reliance Industries Limited (RIL) are likely to face challenges from the fresh sanctions imposed by the European Union on Russia oil.The EU introduced its 18th…

Guyana oil block fight: Chevron clears $53 billion Hess deal after Paris arbitration, gains entry into Exxon-led Guyana field – Times of India

alishpagda08@gmail.com1 day ago03 mins

Chevron has completed its $53 billion acquisition of Hess Corp, securing a stake in one of the world’s most lucrative oil fields, after winning a key arbitration ruling in Paris. The International Chamber of Commerce (ICC) cleared the way for Chevron to join Exxon Mobil and China’s CNOOC in Guyana’s massive Stabroek Block, ending a…

BP energy shift: Oil giant to sell US onshore wind assets to LS Power, trims $5 bn from clean push – Times of India

alishpagda08@gmail.com2 days ago02 mins

BP has announced it will sell its entire onshore wind energy business in the United States to American firm LS Power, marking a major step in its shift away from renewables and back toward oil and gas. The sale includes 10 operational wind assets, though the deal value was not disclosed.“The onshore US wind business…

Russia oil squeeze: Trump’s 100% tariff threat – should India panic? – Times of India

alishpagda08@gmail.com3 days ago013 mins

Penalty tariffs by the US would mean that Russia’s crude oil imports would no longer be a lucrative option for India. US President Donald Trump’s fresh threat of 100% secondary tariffs on countries trading with Russia poses an important question – will India’s crude oil supply be hit? At present, India and China are the…

Energy security: Global crude oil prices have remained relatively stable, says Hardeep Singh Puri; India eyes geothermal push – Times of India

alishpagda08@gmail.com4 days ago05 mins

Union minister Hardeep Singh Puri (Pic credit- ANI) Petroleum and Natural Gas minister Hardeep Singh Puri on Monday said that global crude oil prices have remained relatively stable despite persistent geopolitical tensions, suggesting that the world has sufficient energy resources to meet demand.“There are many things that have an impact on crude prices. People say…

Currency watch: Rupee rises 16 paise to 85.76 against dollar; crude oil slide & weak greenback lift sentiment – Times of India

alishpagda08@gmail.com4 days ago03 mins

The rupee appreciated by 16 paise to settle at 85.76 against the US dollar on Tuesday, helped by a weaker greenback and softer crude oil prices globally. However, persistent foreign fund outflows and uncertainty surrounding the ongoing India-US trade negotiations limited the currency’s upward movement, according to forex dealers.At the interbank foreign exchange market, the…

Oil jumps over 2% on tighter market outlook; Brent posts 3% weekly gain; US tariffs, Russia sanctions in focus – Times of India

alishpagda08@gmail.com1 week ago04 mins

Oil prices climbed more than 2% on Friday after the International Energy Agency (IEA) said the global market may be tighter than it seems, supported by strong summer demand. Meanwhile, concerns over new US tariffs and possible fresh sanctions on Russia also added upward pressure.Brent crude rose $1.72, or 2.5%, to settle at $70.36 per…

500% tariff on India? Trump’s bill targets Russian oil buyers to pressure Putin

alishpagda08@gmail.com1 week ago04 mins

US President Donald Trump said he is “strongly considering” supporting a proposed sanctions bill that would impose a 500 per cent tariff on countries like India and China that continue purchasing Russian energy products. The move is aimed at pressuring Russian President Vladimir Putin to end the war in Ukraine by targeting nations whose trade…

‘Oil prices would have hit $120-130’: India says its oil imports from Russia helped global markets; Hardeep Puri hits out at critics – Times of India

alishpagda08@gmail.com1 week ago04 mins

Addressing critics of India’s Russian oil imports, Puri noted that certain commentators make unwarranted criticisms of Indian policies. (AI image) India’s ongoing crude oil imports from Russia have contributed to global energy price stability, according to Petroleum and Natural Gas Minister Hardeep Puri. He has said that discontinuing Russian oil trade would have caused crude…

Market outlook: Asian stocks cautious as tariff uncertainty looms; oil prices dip on surprise OPEC+ output hike – Times of India

alishpagda08@gmail.com2 weeks ago05 mins

Representative image (Picture credit: AP) Asian markets slipped into the red on Monday as fresh confusion over the US tariff policy weighed on investor sentiment, while oil prices extended losses after OPEC+ surprised markets with a bigger-than-expected output hike.Japanese shares shed 0.3%, South Korea’s KOSPI declined 0.7%, and MSCI’s broadest index of Asia-Pacific shares outside…