On the 18 December 2023, the European Union adopted its 12th sanctions package, which focussed inter alia on curbing down on the circumvention and evasion of the..

Two senior US Treasury officials, Eric Van Nostrand and Anna Morris, visit India to discuss the Phase 2 of the Russian oil price cap. The cap aims to limit..

Mumbai's rupee reached 83.45 against the US dollar due to $90/barrel Brent crude. Factors included all-time low on March 22, Jateen Trivedi's analysis, and..

On 1 February 2024, the United Kingdom and the G7+ Coalition partners, comprising the G7, the European Union

New trade and financial sanctions against Russia | OFSI updates correspondent banking restrictions and oil price cap | New unit to crack down on sanctions..

Saudi Aramco on Sunday cut OSP (official selling price) of flagship Arab Light crude for Asia to their lowest in 27 months - a move that can work well for India..

The Indian rupee appreciated 5 paise to 83.19 against the US dollar supported by positive domestic equities and foreign fund inflows. However, the Indian..

ONGC signs term contracts to sell crude oil from Mumbai offshore fields at a premium to Brent crude oil price; Bharat Petroleum Corporation Ltd (BPCL) and..

Fitch Ratings warns that disruptions in the Middle East's oil supply could cause higher oil prices, impacting global economic growth and leading to inflation. If..

State-run Oil and Natural Gas Corp (ONGC) on Friday posted a more than 20% drop in second-quarter profit, dragged down by lower prices for crude oil. Crude..

RBI not done with rate hikes? Global markets are closely monitoring the tense geopolitical situation in Europe and the Middle East, as it could impact oil prices..

The European Central Bank (ECB) has left interest rates unchanged for the first time in over a year amidst concerns over the Israel-Hamas war and the weakening..

The Sensex fell below the 64,000 mark for the first time in four months due to global factors impacting investor sentiment. The index closed 523 points down at..

According to data from the Indian government, the price of Russian oil delivered to Indian ports in July reached its lowest price since Moscow's invasion of..

Rising prices of a popular Russian crude sold to China are expected to peak soon as more independent refiners are likely to switch to cheaper oil from Iran,..

External affairs minister S Jaishankar on Monday spoke about the importance of having a strong foreign policy, saying that in its absence prices of petrol would..

Crude oil price benchmark Brent crude was up 0.53 per cent at USD 74.24 per barrel. In the domestic equity market, the 30-share BSE Sensex retreated from early..

The rupee appreciated 15 paise to close at 81.91 (provisional) against the US dollar on Monday as a firm trend in domestic equities and easing crude oil price..

Finance minister Nirmala Sitharaman has said the country may buy Russian crude oil above the price cap imposed by the G-7 if the recent OPEC+ output cut..

Bank of Baroda, India's third-largest state-run lender, has stopped approving payments for Russian oil sold above the price cap established by the West in a move..

Rosneft and Indian Oil have agreed to use the Dubai oil price benchmark in their latest deal to deliver Russian oil according to three sources familiar with the..

Russia announced Friday that will cut oil production by 500,000 barrels per day next month after Western countries capped the price of its crude over its action..

On February 5, 2023, the UK ban imposed by Part 5, Chapter 4IA of The Russia (Sanctions) (EU Exit) Regulations 2019, as amended ("Russia Regulations"), on the..

A wild swing in international oil prices in 2022 brought back indirect fuel subsidies in India in a setback to reforms, but the nation won at crude diplomacy as..

On Wednesday, a report by Reuters said that Russia has emerged as the top oil supplier for India for second month in a row. It has replaced Iraq to be India's..

Russia has for the first time emerged as top oil supplier to India replacing Iraq as refiners last month snapped up oil from Moscow fearing a price cap from Dec...

Union minister Nitin Gadkari on Monday said that the country needs to promote flex-fuel vehicles and e-mobility to tide over the problems created by wide..

The offer came as Russian deputy prime minister Alexander Novak held a meeting with the Indian Ambassador to Moscow, Pavan Kapoor, on Friday.

The price cap comes on top of an EU embargo on buying seaborne Russian crude oil as a measure aimed mainly at providing third-party countries with an option to..

Russia has repeatedly said it will not supply oil to countries that implement the cap - a stance reaffirmed by Mikhail Ulyanov, Moscow's ambassador to..

The price cap, previously negotiated on a political level between the G7 group of wealthy democracies and the European Union, will come into effect with an EU..

The US Friday joined India in admonishing China for denouncing the India-US ongoing military exercise in Uttarakhand, not very far from the LAC. US chargé..

India, the world's third biggest oil import, hopes to convert the current global oil challenges from the Ukraine crisis into an opportunity to secure affordable..

Various reports indicate that the Group of Seven nations (G7) will announce its initial capped price for Russian-origin crude oil transported by maritime means..

Indian government bond yields jumped in early trading on Thursday after the country was not immediately included in J.P. Morgan's emerging market index and as..

Surge in international oil price: External Affairs Minister S Jaishankar on Tuesday said that India is deeply concerned about the price of oil since it is a USD..

Group of Seven finance ministers agreed on Friday to impose a price cap on Russian oil aimed at slashing revenues for Moscow's war in Ukraine while avoiding..

The US has imposed sanctions on Russia in the wake of the invasion of Ukraine.

Russia's former president Dmitry Medvedev warned that a reported proposal from Japan to cap the price of Russian oil at around half its current level would lead..

The government has claimed that a series of interventions in the past one year has resulted in “insulating the import of inflation” in the edible oil sector...

India, the world's biggest edible oils importer, last week allowed duty free imports 2 million tonnes of soyoil.

State-owned Oil India Ltd on Friday reported its highest-ever quarterly net profit in the three months to March as it got nearly $100 per barrel price for oil..

Currently, palm oil is being sold at Rs 175 per litre at retail stores. Blended oil and sunflower oil are priced at Rs 190 and Rs 230 respectively.

The government is exploring all viable options, including import diversification, to procure crude at an affordable price, a finance ministry report said on..