UAE Walks Out of OPEC And the Oil World May Never Look the Same
The United Arab Emirates has quit OPEC and OPEC+ after nearly six decades a stunning exit that strips the cartel of its second-most powerful member and puts global oil markets…
The United Arab Emirates has quit OPEC and OPEC+ after nearly six decades a stunning exit that strips the cartel of its second-most powerful member and puts global oil markets…
Russian President’s two-day state visit includes the 23rd India-Russia Annual Summit scheduled in Delhi on December 5. A Symbolic Gesture of Strong Ties Russian President Vladimir Putin arrived in Delhi…
Russian President Vladimir Putin is arriving in India on December 4. Discussions will focus on defense cooperation, S-400 missile delivery, energy purchases, and the Russia-Ukraine conflict. President Putin’s First Post-War…
Cheap Russian oil has been a major profit source for Indian refiners for two years. It kept retail petrol and diesel prices stable despite global market volatility. Experts believe India’s…
Russia’s weekly oil earnings have dropped to a three-year low as major Asian buyers pull back amidst strict new US sanctions and falling prices. Revenue Hits a Record Low Russia’s…
Rupee opens at 88.55 per dollar in the interbank forex market. Early deals saw it hit 88.56 per dollar. This move showed a 21 paise strengthening from the previous close.…
OPEC+ confirms a small December production increase before halting further boosts for the first quarter of next year. OPEC+ Confirms December Increase Eight key OPEC+ members have agreed to a…
Russian Oil Shipment Forced to Halt Mid-Journey as Rosneft and Lukoil Face New US Restrictions; Indian Refiners Suspend Purchases. Russian Oil Tanker Makes Unexpected U-Turn A tanker carrying Russian crude…
Russia remains India’s largest oil supplier, accounting for about one-third of total Indian imports. Iraq holds the second spot. India’s crude oil imports from the United States hit a post-2022…
US President Donald Trump alleged India has stopped all Russian oil imports. This claim came as the US imposed sanctions on major Russian oil firms Rosneft and Lukoil. India promptly…