India's Bank of Baroda has stopped clearing payments for Russian oil sold above the price cap set by the West from this month, three sources with direct knowledge of the matter said, a move that could expedite transition to a rupee trade mechanism.
PKN Orlen has terminated its contract with Russia's Tatneft without paying any penalties, the Polish company's chief executive said on Tuesday, after Moscow halted supplies of oil to Poland.
The number of people arrested as part of a corruption investigation at Venezuela's state oil company PDVSA has risen to 34, Attorney General Tarek Saab said on Wednesday.
Russian Urals oil broke through the $60 per barrel price cap on Wednesday, boosted by strength in international benchmark Brent after OPEC+ announced an output cut, three sources involved in Russian oil trade said and Reuters calculations showed.