Putin exempts ‘friendly’ countries from Russian price cap response MOSCOW: Russian President Vladimir Putin signed a decree exempting the current contracts with so-called “friendly”... Published 28 Apr, 2023 09:03pm
Markets Oil exports from Russia’s western ports hit 4-year high in April MOSCOW: Oil loadings from Russia’s western ports in April will rise to the highest since 2019, above 2.4 million... Published 19 Apr, 2023 08:25pm
Business & Finance G7 coalition to keep Russian oil price cap at $60 per barrel WASHINGTON: The Group of Seven (G7) coalition will keep a $60 per barrel price cap on seaborne Russian oil, a... Published 18 Apr, 2023 06:21am
Markets India not obliged to follow Russian oil price cap: ministry source NEW DELHI: India is not obliged to follow the Russian oil price cap set by the Group of Seven leading economies(G7)... Updated 14 Mar, 2023 06:45pm
Business & Finance Indian refiners pay traders in dirhams for Russian oil NEW DELHI: Indian refiners have begun paying for most of their Russian oil purchased via Dubai-based traders in... Updated 04 Feb, 2023 10:15am
Markets Russia set to export large volume of diesel before EU sanctions Russia is set to increase its diesel exports next month before European Union sanctions on crude oil start in... Published 30 Dec, 2022 06:21pm
World Poland ready for Russian oil ban, says minister WARSAW: Poland is prepared for a Russian ban on oil sales to countries implementing a price cap, the climate... Published 29 Dec, 2022 06:15pm
Business & Finance Russia did not consult OPEC+ over oil cap response: Kremlin MOSCOW: Russia did not consult with OPEC+ on its response to a Western price cap on Russian oil, Kremlin spokesman... Updated 29 Dec, 2022 08:48am
Markets ‘No practical effect’ of Russian oil exports ban on Germany BERLIN: A Russian decree that bans the supply of crude oil and oil products to countries abiding by a Western price... Published 28 Dec, 2022 05:17pm
Markets Putin bans Russian oil exports to countries that imposed price cap MOSCOW: President Vladimir Putin on Tuesday delivered Russia’s long-awaited response to a Western price cap, signing... Published 27 Dec, 2022 10:01pm
Markets Russia may cut oil output in response to price caps: report Russia may cut oil output by 5%-7% in early 2023 as it responds to price caps on its crude and oil products by... Published 23 Dec, 2022 10:37am
Opinion Russian oil sold to India below price cap in buyers’ market Russia’s flagship Urals crude has been sold at deeper discounts this month following a European ban on Russian oil... Published 15 Dec, 2022 06:45am
Markets Saudi minister sees no clear results yet from Russia price cap RIYADH: Saudi energy minister Prince Abdulaziz bin Salman said on Sunday the impact of European sanctions on Russian... Published 12 Dec, 2022 06:55am
World Saudi energy minister sees no clear results yet from Russia price cap RIYADH: Saudi energy minister Prince Abdulaziz bin Salman said on Sunday the impact of European sanctions on Russian... Published 11 Dec, 2022 08:58pm
World ‘Every one of them will be punished’: Kherson hunts for traitors KHERSON: “Hands in the air! Documents out!” shouted Ukrainian policemen as they levelled their guns at two suspected... Published 11 Dec, 2022 10:22am
World Russia oil embargo, price cap disrupts tankers LONDON: The European Union embargo on Russia's oil and an international cap on the price of the country's crude is... Updated 11 Dec, 2022 11:24am
Print Russia could cut oil production over West’s ‘stupid’ price cap MOSCOW: Russia, the world’s biggest exporter of energy, could cut oil production and will refuse to sell oil to any... Updated 10 Dec, 2022 09:56am
World Putin says Russia may cut oil production over West’s price cap MOSCOW: Russia, the world’s biggest exporter of energy, may cut oil production and will refuse to sell oil to any... Updated 09 Dec, 2022 08:12pm
Markets China buys Russian oil at multi-month low discounts, brushes off price cap SINGAPORE: China is paying the deepest discounts in months for Russian ESPO crude oil amid weak demand and poor... Published 09 Dec, 2022 05:58am
Markets Russia’s Jan-Nov oil output up 2% ahead of EU ban, price caps MOSCOW: Russia’s January-November oil and gas condensate production rose 2.2% from a year earlier to 488 million... Published 06 Dec, 2022 08:46pm
Print Oil falls nearly 3pc after data raises Fed interest rate worries NEW YORK: Oil prices fell nearly 3% on Monday, following US stock markets lower, after US service sector data raised... Published 06 Dec, 2022 05:58am
Markets OPEC+ will keep oil policy unchanged in review talks: sources LONDON/DUBAI: OPEC+ will likely stick to its oil output targets when it meets on Sunday, five OPEC+ sources said on... Updated 03 Dec, 2022 10:09pm
World Russia: price cap is ‘dangerous’ and will not curb demand for our oil Russia said on Saturday it would continue to find buyers for its oil, despite what it said was a “dangerous” attempt... Published 03 Dec, 2022 02:14pm
World Zelenskiy’s chief of staff: Price cap on Russian oil should be lowered to $30 a barrel KYIV: The price cap on Russian seaborne crude oil agreed to by the Group of Seven nations and Australia on Friday... Published 03 Dec, 2022 01:39pm
Business & Finance OPEC set to stick or cut more amid plan to cap Russian oil price LONDON: Major oil producers are expected to stick to their current output strategy or even slash production further... Updated 03 Dec, 2022 09:58am
World The G7’s price cap on Russian oil begins to take shape WASHINGTON: The Group of Seven countries is working to cap the price of Russian oil in an attempt to limit Moscow’s... Published 12 Sep, 2022 05:46pm
Markets US says Russia oil price cap should reflect historical prices, curb Putin profit SINGAPORE/WASHINGTON: The price cap that G7 countries want to impose on Russian oil to punish Moscow should be set... Published 09 Sep, 2022 09:02pm
Markets EU to propose price cap on Russian gas, von der Leyen says BRUSSELS: The European Commission will propose a price cap on Russian gas, alongside measures including a mandatory... Published 07 Sep, 2022 04:47pm
Markets Putin says Russia to stop supplying energy if Western price caps imposed VLADIVOSTOK: President Vladimir Putin on Wednesday threatened to cut off energy supplies if price caps are imposed... Published 07 Sep, 2022 04:43pm
Markets A cap on Russian oil prices? G7 eyes untried, risky plan NEW YORK: Capping the price of Russian oil, an approach G7 members said Friday they want to pursue “urgently,” would... Published 04 Sep, 2022 11:06am