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  • ONGC wants government to scrap windfall tax, $10 gas price Sep 18, 2022 02:02 PM IST

    ONGC wants government to scrap windfall tax, $10 gas price

    As per the extant guidelines, ONGC pays a minimum annual dividend of 30 per cent of net profit or 5 per cent of the net worth, whichever is higher.

  • Explained | How will the EU ban on Russian oil impact India? May 13, 2022 05:24 PM IST

    Explained | How will the EU ban on Russian oil impact India?

    This article, the final of a three-part special series on the impact of the EU sanctions on Russia, will look at what the oil embargo means for India. The first story was a deep dive on the impact of the ban on Europe, and the second one looked at the role of OPEC+.

  • Europe is about to ban Russian oil: What’s next? May 05, 2022 02:38 PM IST

    Europe is about to ban Russian oil: What’s next?

    The European Union’s aims are clear. With Russia continuing to wage war in Ukraine, Europe wants to deny President Vladimir Putin funds from sales of oil, usually his largest export earner and a cornerstone of the Russian economy.

  • India finds Russian oil an irresistible deal, no matter the diplomatic cost May 05, 2022 02:19 PM IST

    India finds Russian oil an irresistible deal, no matter the diplomatic cost

    India’s purchases of Russian crude have soared since the conflict’s start, rising from nothing in December and January to about 300,000 barrels a day in March and 700,000 a day in April.

  • India wants Russia to discount its oil to below $70 a barrel May 04, 2022 04:36 PM IST

    India wants Russia to discount its oil to below $70 a barrel

    State-owned and private refiners in the world’s third-biggest oil importer have bought more than 40 million barrels of Russian crude since the invasion of Ukraine in late February.

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