crude oil

Before the United States placed oil sanctions on Venezuela in 2019, Reliance was the second-largest private buyer of Venezuelan crude oil, trailing only China's China National Petroleum Corporation.

The United States has not asked India to cut Russian oil imports, an American treasury official said on Thursday.

While India's purchase of crude oil comes is far from hurting any economy and instead has stabilised the global economy in a volatile geopolitical environment, the United State's historical funding to Pakistan has come at a huge cost to India, its neighbourhood and human rights at large.

The US has responded calling the act as unlawful. Pentagon said that Iranian forces unlawfully boarded the St Nikolas and forced it to change course towards the Iranian territorial waters

Union Minister Hardeep Singh Puri added that production is expected to be 45,000 barrels per day of oil and over 10 million standard cubic metres per day of gas.

ONGC is expected to start crude oil production from its deep-water project in Krishna Godavari Basin.

Indiam refiners saved over USD 7 billion in foreign exchange by increasing crude oil imports from Russia

Some oil imports from Russia to India are being paid in Chinese Yuan, reports

Pakistan is facing unprecedented economic crisis with people running riots over shortage of basic necessities like flour.

The decree says that the supply of Russian oil and oil products to foreign legal entities and individuals persons is prohibited if they support the price cap