Fuels Heavy oils

G7 attempts to clamp down on the Russian oil price cap

The US imposed the first sanctions for violations of the price cap on Russian oil

Fuels Heavy oils

Oil firms explore using stranded $600 mn to buy Russian oil

Indian Oil Corporation (IOC), a unit of Bharat Petroleum Corporation Ltd, Oil India Ltd and

Fuels Heavy oils Uncategorized

EU prohibits vessels attempt to circumvent sanctions

The European Union proposed prohibiting access to its ports for vessels that attempt to circumvent

Fuels Heavy oils

Indian biggest buyer of Urals crude

India was the biggest buyer of seaborne Urals oil in March and the country’s demand

Fuels Heavy oils

Record high fossil fuel consumption subsidies in 2022

According to the International Energy Agency (IEA), worldwide subsidies for fossil fuel consumption increased dramatically

Fuels Heavy oils

Number of crude oil suppliers to India increased

India increased the number of its crude oil suppliers from 27 countries in 2006-07 to

Fuels Heavy oils

US could become world’s largest exporter of crude oil in 2023

The US could become a net exporter of crude oil, amidst sanctions against Russia’s exports

Fuels Heavy oils

OPEC and Russia aim to raise oil prices with big supply cut

Saudi Arabia and Russia, acting as leaders of the OPEC Plus energy cartel, agreed to

Fuels LNG

Germany locks LNG supplies for two FRSUs

Germany has signed a memorandum of understanding with its top utilities to ensure the supply

Fuels Heavy oils

Indian government revised windfall tax on Crude

The government has once again revised the newly-introduced windfall tax levied on crude, diesel and