Russia oil sanctions: EU moves on crude, oil price cap may hit Reliance, Nayara; enforcing may be difficult, India may still benefit
New EU sanctions on Russian oil pose challenges for Indian giants Nayara Energy and Reliance Industries, potentially restricting their access to European markets. Nayara faces ...
Global oil supply: Iran may use threat of closing Strait of Hormuz as leverage only; analysts say markets remain in surplus
Despite Iran’s repeated threats to close the Strait of Hormuz, a vital chokepoint for global oil, analysts believe an actual shutdown is unlikely, viewing it ...
