BloombergIran Might Still Outwit the Saudis on OilBloombergWhen oil producers, led by Venezuela and Russia, began to talk about an output freeze back in February, Iran made it very clear that it wouldn't participate until it restored production to pre- …

Reliance buys Iranian oil after six-year hiatusEconomic TimesNEW DELHI: Reliance Industries has bought crude oil from Iran after a 6-year break and is looking to strike a long-term fixed quantity deal, post lifting of sanctions. RIL, which operates the wor …

Wall Street JournalRussia Opens Up New Oil Front: IndiaWall Street JournalRussia is opening a new front in its battle for a bigger share of the global oil market: India. Later this year, Russian state-controlled oil giant OAO Rosneft plans to start sending …

Iran central banker visiting India over oil duesBusiness StandardIran sold oil to refiners like Essar Oil and Mangalore Refinery and Petrochemicals Ltd (MRPL) in US dollar per barrel. 45% of the oil bill was paid in rupees in a UCO Bank account while the r …

MarketWatchOil climbs after 5-session drop as China stocks bounce backMarketWatchOil futures climbed on Thursday after a five-session drop, finding support as a selloff in Chinese stocks abated and difficult negotiations over Iran's nuclear program hel …

ReutersEssar Oil plunges 5.5% after hitting 1 year high on Rosneft dealEconomic Times"Rosneft and Essar Oil & Gas Ltd / Essar Energy Holdings Ltd, companies incorporated and managed under the laws of Mauritius, have signed a non-binding Term Sheet …

Sydney Morning HeraldNew rules: Oil and OPEC may be down for a long countSydney Morning HeraldIn 2008, as the oil price was rising to a new high of $US145 a barrel, New York-based energy guru Ed Morse issued a famous call. Oil was overhyped, he said, and w …

ReutersRosneft talks to buy Essar Oil stake hit bump over price - sourcesReutersTwo sources with knowledge of the deal said discussions between the two sides over the 400,000 barrel per day (bpd) refinery began in December, when Essar signed a deal to buy …

LivemintRussia's Rosneft in talks to buy stake in Essar OilEconomic TimesMUMBAI: Essar Oil will this week sign a final term sheet with Russia's OAO Rosneft to import 10 million tonnes of crude oil a year for 10 years after an initial deal was signe …

TODAYonlineVenezuela to boost India oil suppliesEconomic TimesCARACAS: Venezuela plans to significantly increase crude oil supply to India and is negotiating with Reliance Industries, its major customer, for a joint venture in the OPEC country's energy …