June 12, 2026

Russian crude oil

Trump sanctions fail to stop inflow! Some Indian refiners step up Russian crude oil intake; Indian Oil, Nayara boost purchases

Trump sanctions fail to stop inflow! Some Indian refiners step up Russian crude oil intake; Indian Oil, Nayara boost purchases

admin03 mins

Representative image (AI-generated) State-run Indian Oil Corp and Rosneft-backed Nayara Energy have increased their purchases of Russian crude in January. This comes even as India’s overall imports from Russia have declined under US sanctions.Reliance Industries, India’s largest buyer over the past year, along with several other refiners, has not received any supplies this month. This…

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Reliance Industries shares fall 5%! Over Rs 1 lakh crore eroded from M-cap — What triggered the fall?

Reliance Industries shares fall 5%! Over Rs 1 lakh crore eroded from M-cap — What triggered the fall?

admin02 mins

Reliance Industries Limited (RIL) stock tumbled 5% on Tuesday, falling to an intraday low of Rs 1,497.05 on the Bombay Stock Exchange. The share price plunged after RIL denied a Bloomberg report claiming that its Jamnagar refinery will be receiving three ships of Russian crude oil.Today’s session recorded the stock’s steepest intraday decline since June…

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US sanctions: Washington eases curbs on Lukoil outlets outside Russia; exemption valid till April 2026

US sanctions: Washington eases curbs on Lukoil outlets outside Russia; exemption valid till April 2026

admin03 mins

A dispatch rider passes in front empty building of the Lukoil headquarter in Sofia, Bulgaria (Picture credit: AP) The United States has temporarily lifted some restrictions on Lukoil-branded fuel stations operating outside Russia, allowing them to continue running despite sanctions placed on the parent company. The treasury department confirmed on Thursday that these stations —…

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RIL shuts off Russian oil at export-only refinery unit

RIL shuts off Russian oil at export-only refinery unit

admin02 mins

NEW DELHI: Reliance Industries (RIL) has stopped accepting Russian crude for the export-oriented unit at its Jamnagar refining complex in Gujarat from Thursday, a day before the deadline for accepting pre-ordered shipments under the latest round of US sanctions and a month before EU curbs on products made from barrels from Kremlin-backed exporters.From Dec, all…

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