alexander novak

Last Updated: April 27, 2023, 01:23 ISTBrent crude settled at $77.69 a barrel, losing $3.08, or 3.8 percent. U.S. West Texas Intermediate crude settled at $74.30 a barrel, shedding $2.77, or 3.6 percent. (Image: Reuters File)Oil prices fell…

MOSCOW: Russia's largest oil producer Rosneft and India's top refiner Indian Oil Corphave signed a term agreement to substantially increase oil supplies and diversify oil grades delivered to India, Rosneft said on Wednesday.The deal was…

Russia said that it welcomes India’s decision to not support the price cap on Russian oil announced by the G7 and their allies. Russian Deputy Prime Minister Alexander Novak made the statement after meeting India’s Ambassador to Russia,…

The price cap on Russian oil agreed by the EU, G7 and Australia is set to come into force on Monday. It aims to restrict Russia's revenue while making sure Moscow keeps supplying the global market. Embargo and cap The cap is due to take…

NEW DELHI: State-run refiners have the government’s blessing to buy Russian crude from the market without violating sanctions clause, which explains the spate of tenders floated by nearly all of them at a time when trading houses are…

NEW DELHI: Russia urged India to deepen its investments in the sanction-hit country's oil and gas sector, and is keen on expanding the sales networks of Russian companies in Asia's third-largest economy. Russia's economy faces its deepest…

Europe’s reliance on Russian energy has been a key factor in efforts by the continent’s leaders to agree on how to respond to the invasion of Ukraine. European gas futures jumped as much as 32% after Russia threatened to cut natural gas…