25 h. ago India Refiner Nayara Resorts to Transferring Fuel Exports at Sea

One of the first cargoes shipped by Nayara Energy Ltd. after it was hit by EU sanctions has been transferred to another tanker at sea, evidence the Indian refiner is trying to keep exporting fuel.

Economics

60 h. ago Cenovus Said to Be in Talks With Indigenous Groups for MEG Bid

Cenovus Energy Inc. is in talks with Indigenous groups in Canada to jointly buy MEG Energy Corp., an oil sands producer that faces an unsolicited $4 billion takeover bid from a Canadian oil tycoon.

Other

62 h. ago Fed’s Schmid Says Policy Stance Still Appropriate for Time Being

Federal Reserve Bank of Kansas City President Jeff Schmid said he favors keeping interest rates on hold for the time being to prevent robust economic activity from adding to inflation pressures.

Events

62 h. ago China adds ‘additional pressure’ with new tariffs on Canadian canola

China escalated trade disputes with Canada on Tuesday by announcing a preliminary anti-dumping duty on Canadian canola imports of more than 75 per cent.

Economics

6 d. ago China Defends Buying Russian Oil After Trump’s Tariff Threat

China said its imports of Russian oil are justified, pushing back against US threats of new tariffs after Washington slapped secondary levies on India for buying energy from Moscow.

Economics

7 d. ago Russia’s Urals Touted to Refiners in China as Oil Flows in Flux

Prompt supplies of Russia’s flagship Urals crude are being offered to Chinese buyers, a sign of shifts in the global oil market as President Donald Trump takes aim at India over its purchases from Moscow.

Other

7 d. ago India’s State Refiners Pause Russia Oil Buys as US Adds Pressure

India’s state-owned oil refiners are pulling back from purchases of Russian crude for now, according to people with direct knowledge of the companies’ procurement plans, as Washington ratchets up the pressure on New Delhi over the flows with a wave of harsh tariffs.

Other

8 d. ago Trump Floats Possible Tariffs on China for Buying Russian Oil

President Donald Trump said he could punish China with additional tariffs over its purchases of Russian oil, though one of his top advisers played down the likelihood.

Economics

8 d. ago Trump Floats Possible Tariffs on China for Buying Russia Oil

President Donald Trump said he could punish China with additional tariffs over its purchases of Russian oil, though one of his top advisers played down the likelihood.

Economics

8 d. ago Indian Refiner Nayara Seeks New Local Bank After EU Sanctions

Mumbai-based oil refiner Nayara Energy Ltd., part-owned by Russian energy giant Rosneft PJSC, has asked government officials to broker a relationship with a domestic lender such as UCO Bank Ltd. after EU sanctions prompted greater caution among larger banks, according to people familiar with the matter.

Events

8 d. ago Ship With Nayara Cargo Anchors Near Oil Transfer Hub Off Oman

A tanker loaded with oil product made by Nayara Energy Ltd. has anchored off Oman in a region known for ship-to-ship transfers, as the Indian refiner grapples with the fallout from European Union sanctions.

Transport

1 week ago Trump pressures China and India to stop buying cheap Russian oil

U.S. President Donald Trump is pushing China and India to stop buying oil from Russia and helping fund the Kremlin’s war against Ukraine. Trump is raising the issue as he seeks to press Russian President Vladimir Putin to agree to a ceasefire. But cheap Russian oil benefits refiners in those countries as well as meeting […]

Other

1 week ago Tankers Deliver Russian Crude to India Despite US, EU Pressure

At least four tankers discharged millions of barrels of Russian crude at Indian refineries at the weekend, a sign the closely scrutinized deliveries are continuing as normal, even as the US ramps up pressure on the South Asian country to stop purchases.

Other

1 week ago India Hasn’t Given Refiners Directions Not to Buy Russian Oil

India hasn’t given the country’s oil refiners instructions to stop buying Russian oil, according to people familiar, as officials grapple with meeting energy needs and maintaining ties with Moscow without further angering US President Donald Trump.

Other

3 w. ago EU Sanctions Against India’s Nayara ‘Unjustified,’ Rosneft Says

Newly imposed European sanctions against India’s Nayara Energy refinery are “unjustified and illegal,” according to Russian oil major Rosneft PJSC that co-owns the facility.

Events