NEW DELHI: As benchmark Brent crude touched $111 a barrel due to supply crunch, making global markets nervous, US administration on Monday extended the sanctions waiver allowing countries to buy Russian seaborne crude.

The Trump administration let a waiver for Russian oil sales expire. This happened even as the Iran war caused worries about global oil supplies and rising fuel costs. The move…

The Trump administration has allowed a controversial waiver on sanctions targeting Russian seaborne oil to expire, reimposing restrictions that had temporarily enabled countries…

India's oil refiners are prepared for changes in Russian crude supply. Weaker domestic demand and available oil from the US and Middle East offer alternatives. China's reduced…

India will persist in buying Russian crude oil despite US sanctions, prioritizing energy security and commercial viability.

India's oil refiners are poised to manage supply disruptions post-Russian oil waiver expiration, thanks to alternative sources and reduced demand.

Washington has extended its sanctions waiver for Russian oil cargoes at sea by 30 days. This move aims to help vulnerable nations access Russian oil amidst surging global energy…