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Neither expect, nor asked India to curb Russian oil imports; price cap a success, say US officials

Officials clarified that oil importers like India, which are not part of the price cap coalition comprising G7 countries and their allies, are not bound by the price cap as long as their purchase of Russian oil does not involve any shipping or insurance service from providers in the coalition countries ....

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India's ONGC willing to wait to regain oil from Russian project

India s Oil and Natural Gas Corp (ONGC) is willing to wait for its share of crude from a Russian project it partly owns due to difficulties in shipping Russian oil. ONGC Videsh, the overseas investment arm of ONGC, has regained its 20% stake in the Sakhalin-1 oil and gas project and is in talks with Russian officials and shareholders to resume oil production. Western sanctions on Russian oil have made it difficult to secure insurance and shipping. ....

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Russian instability need not inspire an oil rethink

India needn’t reduce its crude imports from Russia even if a weaker regime in Moscow has raised risks. We need the best deal on offer and the global market for oil to remain stable ....

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Trade Union Warns That German Industries Might Collapse Due to Energy Crunch

German industries could suffer an energy crunch because the EU leadership cannot stand up to the US, and the trade union affirmed it would be dire for the economy. ....

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Open To Buy Oil From Russia If Terms Are Right: Union Minister Puri

Union Minister of Petroleum and Natural Gas Minister Hardeep Singh Puri said that India has energy relations with Russia and therefore it imports a very small portion as per the requirements ....

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