Russia is world’s third-largest producer of oil, and announcement by Novak immediately sent prices upward before they eased slightly...

Officials said India will continue to buy crude oil from anywhere in the world, including Russia, to meet its energy needs...

According to the revisions, tax on diesel for export will increase to Rs 7.5/litre from Rs 5/litre...

Crude oil pumped out of the ground and from below the seabed is refined and converted into fuel like petrol, diesel and aviation turbine fuel...

Despite sanctions, the US is snapping up refined petroleum products from India made from Russian crude oil...

The incident occurred at Bakiya Farre village where the villagers were seen collecting the leaking crude oil since morning without realising that the sticky, dark liquid can’t be used in daily life...

Moscow remains top oil exporter to India for the third month in a row in December...

Faced with an awning balance of payments gap, country should aim to reduce its energy import, say analysts...

Government has also raised windfall tax on aviation turbine fuel and highspeed diesel for exports...

Crude, natural gas and refinery products, however, recorded negative growth in November this year...