Keywords: Reliance industries
A court in India has extended the detention of a senior aviation regulator and an executive from Reliance Industries until May 6, as part of an ongoing corruption investigation linked to alleged bribery in drone import approvals. The case involves allegations that a deputy director general of the Directorate......
India’s largest private refiner, Reliance Industries, has declined to accept two cargoes of Iranian crude oil, citing compliance concerns, as a temporary U.S. sanctions waiver nears its expiration. The decision highlights the increasing pressure on global energy flows amid shifting geopolitical......
Indian refiners have reportedly begun settling payments for limited Iranian crude oil shipments using Chinese yuan, channeling transactions through ICICI Bank’s overseas operations, according to sources familiar with the matter. The purchases were made under a temporary United States sanctions......
Russian crude-loaded tankers are stacking up at sea, unable to offload cargo, as Moscow struggles to revive its Indian market lifeline that rescued its oil trade after European buyers pulled back following the Ukraine invasion. Russia shipped 3.42 million barrels per day over the four weeks ending January......
The latest U.S. sanctions targeting Russia’s top oil producers, Rosneft and Lukoil, have driven the discount on the country’s flagship Urals crude to $20 per barrel below Brent, marking the steepest reduction this year. The price gap mirrors levels seen shortly after Russia’s invasion......
Oil prices have soared to their highest weekly increase in nearly five months, driven by fresh sanctions from the United States and the European Union against Russia's largest oil companies. The measures have sparked fears of supply disruptions, pushing crude futures up by over 5% on Thursday. Brent......
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