Reading by its recent actions, India appears to be shrinking from using regional influence to pressure Trump. Ducking the ...

Refiner HPCL-Mittal Energy Ltd (HMEL) has become the first Indian oil company to suspend Russian crude purchases following ...

The CEO of Saudi state oil giant Aramco has said crude oil demand was strong even before sanctions were imposed on major Russian oil firms Rosneft and Lukoil, and that Chinese demand was still healthy ...

HMEL is the first Indian firm to officially announce suspension of Russian oil imports after sanctions on two of Moscow's ...

Lukoil plans to divest all its overseas assets, including projects in Africa. The move affects stakes in Nigeria, Ghana, Congo, and Egypt. The sale follows Western sanctions restricting the company’s ...

An emerging oil glut will help augment the economic punch from President Trump's new round of sanctions against Russia.

Valentina Matviyenko also noted that the state system and the government are working to overcome these challenges and solve internal problems ...

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US sanctions have also cast uncertainty over Kazakhstan’s second offshore greenfield in the northern part of the Caspian Sea, ...

Newly imposed U.S. and EU sanctions targeting Russia and its oil giants Rosneft and Lukoil have yet to disrupt physical crude ...

These include a framework agreement on critical minerals and rare earths as well as a memorandum of cooperation regarding the Technological Prosperity deal between the two countries, according to an ...