Russia explores plan to merge Rosneft with Gazprom subsidiary and Lukoil, WSJ reports Russia is working on a plan to merge state-backed Rosneft Oil with Gazprom Neft, creating the world’s second-biggest... Published 09 Nov, 2024 11:34am
World Blast at Russian oil and gas field kills one, RIA says A blast at the East Urengoy oil and gas condensate field in the Yamal-Nenets region of Russia’s Arctic killed one... Published 26 Jul, 2024 10:50am
Business & Finance India’s Reliance to buy Russian oil in roubles NEW DELHI: India’s Reliance Industries, operator of the world’s biggest refining complex, has signed a one-year deal... Updated 29 May, 2024 08:37am
World Russia restoring oil refining capacity knocked out by drones MOSCOW: Russia has been able to swiftly repair some of key oil refineries hit by Ukrainian drones, reducing capacity... Published 16 Apr, 2024 03:38am
Markets India’s top refiner set to tap spot oil as Russian term deal lapses NEW DELHI: Rosneft and Indian Oil Corp have yet to renew an oil supply deal that expired in March as they have been... Published 01 Apr, 2024 08:37pm
Business & Finance Russia’s Rosneft second-quarter oil and gas condensate output dips MOSCOW: Rosneft, Russia’s largest oil producer, said on Wednesday its output of oil and gas condensate dipped in the... Published 30 Aug, 2023 11:29am
World Moscow says it shot down Ukrainian missile over Russian city, arrested oil refinery bomber MOSCOW: The Russian military said on Friday it had shot down a Ukrainian missile over the southern Russian city of... Published 29 Jul, 2023 05:28am
Business & Finance Rosneft’s Q1 net profit up MOSCOW: First-quarter net profit of Russia’s largest oil producer Rosneft rose by 45.5% from the previous three... Published 05 Jun, 2023 03:27am
Markets Urals oil discounts narrow for India ports; FOB prices dip below Western price cap NEW DELHI/MOSCOW: Urals crude oil differentials for May-loading cargoes for delivery to Indian ports narrowed amid... Published 30 Apr, 2023 05:10am
Business & Finance Rosneft reports $889m loss from assets ‘transfer’ in Germany MOSCOW: Russia’s oil giant Rosneft said Wednesday its profit over the past nine months had been badly hit by the... Published 12 Dec, 2022 06:07am
Business & Finance Russia’s Rosneft reports $889mn loss from assets ‘transfer’ in Germany MOSCOW: Russia’s oil giant Rosneft said Wednesday its profit over the past nine months had been badly hit by the... Published 07 Dec, 2022 06:26pm
Markets Putin orders seizure of Exxon-led Sakhalin - 1 oil and gas project MOSCOW/HOUSTON: Russian President Vladimir Putin on Friday signed a decree that creates a new operator for the Exxon... Published 09 Oct, 2022 05:51am
Print Major traders, banks cut business ties with Russia-backed Indian refiner NEW DELHI: Many global oil traders and banks have stopped dealing with Indian refiner Nayara Energy, a Rosneft... Updated 25 Aug, 2022 09:34am
Markets Saudi Arabia’s Kingdom Holding invests in Russian energy companies RIYADH: Saudi Arabia’s Kingdom Holding invested in Russian energy groups Gazprom, Rosneft and Lukoil between Feb.... Published 15 Aug, 2022 05:41am
Print Russia seeking oil payments from India in UAE dirhams Move comes as Moscow moves away from US dollar to insulate itself from the effects of Western sanctions Updated 20 Jul, 2022 09:11am
Markets India to drop windfall tax if oil prices fall $40 a barrel NEW DELHI: India will only withdraw its windfall tax introduced last week for oil producers and refiners if global... Published 04 Jul, 2022 12:29pm
Markets India acts to deter fuel exports, puts windfall tax on oil producers NEW DELHI: India introduced export duties on gasoil, gasoline and jet fuel on Friday to help maintain domestic... Updated 01 Jul, 2022 03:42pm
Markets Germany’s refinery dilemma tests Russian oil ban resolve BERLIN: Germany is struggling to find a way to wrest control of a Russian-owned refinery that supplies most of... Published 15 Jun, 2022 08:28am
Markets Russia has no extra oil to sign deals with two Indian buyers NEW DELHI: Russia's Rosneft is holding back on signing new crude oil deals with two Indian state refiners, three... Published 08 Jun, 2022 08:12pm
Markets Russia sends record volumes of oil to India, China: report While Europe shuns Russian oil amid sanctions and expectations of an oil embargo on Russian oil imports, India and... Published 27 May, 2022 10:54pm
Markets Russia’s Rosneft ramps up oil sales to Indian Oil in May Russia’s Rosneft sold 700,000 tonnes of Urals oil loading from Baltic ports of Primorsk and Ust-Luga in May to... Published 06 May, 2022 01:46pm
Markets China state refiners shun new Russian oil trades, teapots fly under radar SINGAPORE: China’s state refiners are honouring existing Russian oil contracts but avoiding new ones despite steep... Published 07 Apr, 2022 05:15am
Markets Commodities trading houses help keep Russian oil flowing LAUSANNE: Commodities traders such as Trafigura and Vitol have helped keep Russia’s oil flowing through its Baltic... Published 31 Mar, 2022 06:31am
World Rosneft's German unit reports cyber attack- media reports BERLIN: The German subsidiary of the Russian energy company Rosneft has reported a hacker attack, die Welt newspaper... Published 14 Mar, 2022 01:21am
World UK imposes asset freezes on Abramovich, Rosneft boss Sechin LONDON: Britain imposed sanctions on Chelsea soccer club owner Roman Abramovich and Igor Sechin, the chief executive... Updated 10 Mar, 2022 08:09pm
Markets FTSE 100 ends down LONDON: UK’s FTSE 100 fell on Monday after Western nations imposed tough new sanctions on Russia for its invasion... Published 01 Mar, 2022 05:34am
Business & Finance Rouble gains 1pc, Rosneft shares jump after Russia signs gas deal with China MOSCOW: The rouble firmed around 1% on Friday and energy stocks jumped after Russian President Vladimir Putin... Published 07 Feb, 2022 05:22am
World Putin heads to India with eye on military, energy ties NEW DELHI: Russian President Vladimir Putin arrived in India on Monday for just his second overseas trip since the... Updated 06 Dec, 2021 06:03pm
Markets Rosneft says oil price may reach $120/bbl in H2 2022: TASS MOSCOW Oil prices may rise to $120 per barrel in the second half of 2022, a senior manager at Russian energy giant... Published 17 Nov, 2021 04:22am
Markets Russian rouble edges higher, Rosneft shares slip on Q2 results The rouble was 0.2% stronger against the dollar at 73.44 and had gained 0.2% to trade at 86.20 versus the euro Published 13 Aug, 2021 02:26pm