India’s Mangalore Refinery and Petrochemicals Ltd MRPL is exploring purchases of Venezuelan oil as it halts imports of Russian oil to comply with Western sanctions, its head of finance Devendra Kumar said on Monday. The state-run refiner, which operates a 500,000-barrel-per-day refinery in the sout»»»

India's dependence on Russian oil is evolving, as new and lesser-known traders rise to fill the gap left by Rosneft's dramatic 75% reduction in shipments. UAE-associated suppliers are stepping in, capturing the attention of Indian buyers keen to steer clear of sanctioned entities. Key players like »»»

Simion CiochinaMoldova plans to return to state ownership the aviation fuel terminal run by Russian company Lukoil at Chisinau International Airport. The decision comes in response to US and UK sanctions on Russia. https://p.dw.com/p/56WpXAdvertisementThe Republic of Moldova has launched the proces»»»

The Iraqi cabinet has approved nationalizing the petroleum operations in the West Qurna 2 oil field, in accordance with the provisions of a service contract signed with Russia's Lukoil, the government said in a ‌statement. The cabinet ‌also agreed ‌to ⁠seek approvals ‌to finance operations through »»»

 MANILA – Oil prices are expected to increase as high as PHP1 per liter next week as upside risks remain partly due to supply disruptions, according to an industry player. Based on the price movements as of Thursday and the performance of the foreign exchange ... »»»

The government is well-prepared to handle the Lukoil situation and already has a plan in place, Deputy Prime Minister and Minister of Innovation and Growth Tomislav Donchev said during Friday’s parliamentary blitz question time. He was responding to a question from the Continue the Change–Democrati»»»

In Bulgaria, a temporary rise in fuel prices could occur in the coming months, warned Asen Vassilev, leader of the opposition party “We Continue the Change”, during a visit to Sliven. Vassilev explained that sanctions imposed on Russian oil companies Rosneft and Lukoil have already pushed oil price»»»

Analysts are of the view that the latest round of Trump sanctions may hit earnings of these two oil refineries. (AI image) US President Donald Trump’s move to impose sanctions on two of Russia’s largest oil suppliers - Rosneft and Lukoil - spells bad news for India’s private sector refineries Relia»»»

The Trump administration announced on Wednesday that it was placing Russia’s two largest oil producers — Lukoil and Rosneft — on the U.S. Treasury Department’s sanctions list. The move is aimed at targeting Russia’s war finances, as the two companies account for nearly half of the country’s crude e»»»

TEHRAN, Oct. 23 (MNA) – Gold is on the uptrend again, edging towards recent record highs of nearly $4,400 an ounce, as United States sanctions against Russian’s oil companies Rosneft and Lukoil add new risk to global oil supplies and geopolitics. US gold futures for December delivery rose $96.74, o»»»

WASHINGTON (Sputnik) - Gold is on the uptrend again, edging towards recent record highs of nearly $4,400 an ounce, as United States sanctions against Russian’s oil companies Rosneft and Lukoil add new risk to global oil supplies and geopolitics. US gold futures for December delivery rose $96.74, or»»»

Indian refiners are poised to sharply curtail imports of Russian oil to comply with new US sanctions on two top Russian producers, industry sources have said, potentially removing a major hurdle to a trade deal with the United States. AdvertisementThe change comes as India faces punishing 50 per ce»»»

Chinese state oil majors have suspended purchases of seaborne Russian oil after the United States imposed sanctions on Rosneft and Lukoil, Moscow's two biggest oil companies, multiple trade sources said on Thursday. The move comes as refiners in India, the largest buyer of seaborne Russian oil, are»»»

Add TNIE As A Trusted Source CHENNAI: India, one of the world’s largest oil importers, reportedly faces a major disruption in its crude supply from Russia following fresh US sanctions on two of Russia’s largest oil producers, Rosneft PJSC and Lukoil PJSC. These measures threaten to cut India’s disc»»»

Oil prices rose early on Thursday by around 3 % in Asian trading, following the imposition of new US sanctions on Russia’s two largest oil companies. According to Agence France-Presse, Brent crude increased by 2.86 % to $64.38 per barrel, while West Texas Intermediate (WTI) rose by 2.89 % to $60.19»»»

US Treasury Secretary Scott Bessent said the sanctions would target Russia’s two largest oil companies, Lukoil and Rosneft, due to Russian President Vladimir Putin’s “refusal to end this senseless war” in Ukraine and Moscow’s “lack of serious commitment” to the peace process. “Today’s actions incre»»»